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Avalon 3 in River District Vancouver MLS® Listings
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Building Info
Avalon 3 in River District Vancouver at 3530 Sawmill Crescent, Vancouver, BC V5S, Canada. Avalon 3 is a 25 storey condo, has a total of 329 units. Completed in 2021. Crossroads are River District Crossingand Sawmill Crescent located in the Killarney neighbourhood. Avalon 3 in River District Vancouver is a new condo and townhouse developed by Wesgroup. Features luxurious one, two, and three-bedroom homes in a 25-storey tower and 6-storey midrise, along with a collection of townhomes and live-work homes. Experience the exceptional amenities at Avalon 3. On the podium rooftop, an entertainment lounge with a kitchen opens onto an expansive outdoor terrace, with a pool, hot tub, BBQ and lots of seating, as well as agricultural plots for urban gardeners. A spacious courtyard of over 20,000 square feet includes ample green space, lush landscaping, plenty of seating, and a water feature. Additional amenities include a fitness facility, meeting room, and two guest suites for all residents enjoyment.
Avalon 3 neighbourhood features, close to the Town Centre, Save-On-Foods, Everything Wine, Starbucks, Sushi Muri, Booster Juice, and more retail shops and services. Recreation includes two sports fields, a riverfront walking and cycling path, and 25 acres of green space.
Official Website: wesgroup.ca/avalon3 Phone: 604-879-8830 Email: homes@avalon3bywesgroup.ca Sales Address: 3455 Sawmill Crescent, Vancouver BC
Strata Sub Categories: Strata Condos,Strata Townhouses
Avalon 3 in River District Vancouver Technical Info
Vancouver council open to increasing slots, table games at existing casinos
Vancouver city council voted this week to allow for applications to increase the number of slot machines and tables at the city’s two casinos, on the condition they be accompanied by an assessment of their social and economic impacts.
The request to amend the city’s 2011 gambling moratorium was made by the B.C. Lottery Corp., which told council the city’s population has increased 22 per cent in the past decade and that the amendment is a first step to allow BCLC to look at ways of expanding its two existing facilities — the Parq casino in Yaletown and Hastings Racecourse in East Vancouver — rather than building more casinos.
The city has contributed more than $172 million to non-market housing in the form of land
The City of Burnaby has a total of 1,040 non-market housing units, including rentals and co-ops, just built or in development on its land, according to a new city report, and there’s more on the way.
The city lands program for non-market housing, which was adopted in 2015, leases city-owned lands at a nominal rate to non-profit housing providers through a public request for proposals (RFP) process.
The city has contributed about $172.44 million as part of the program, including land, grants and on-and-off-site works, according to the report which accounts for 11 projects that recently completed or were in progress as of March 2024.
The assessed value of the land makes up more than $120 million of that $172-million total contribution for the 11 projects.
Household Financial Health and Housing Market Trends
According to the March 2024 Edge Report, current trends in debt service ratios and net worth may indicate areas of concern. The prevalence of static payment variable rate mortgages, household debt-to-GDP ratios, and Canada’s heavy reliance on real estate assets, may raise concerns about resilience.
In Q4 of 2023, debt servicing costs stayed stable, with the household debt service ratio holding steady at 15%. This ratio, which reflects the portion of disposable income allocated to debt repayment, remains significantly high, at levels not seen since 1990. A minor adjustment downwards from the previously reported peak of 15.2% in Q3 should be noted, however.
The federal government’s new Housing Plan, announced on April 12, 2024 and supported by Budget 2024, introduced a provision aimed at helping renters build credit by integrating rent payments into credit histories. It proposes amendments to the Mortgage Charter, encouraging collaboration among fintech companies, credit bureaus, and lenders to include rental payment data in credit scores.
The government calls on these agencies to create an ecosystem where renters can choose to include their rental payment history in their credit scores. It also expects lenders to prioritize comprehensive credit information, including rental payment history, in credit evaluations whenever feasible.
Federal Budget 2024: What are the proposed capital gains tax changes and how might they affect me?
The capital gains tax inclusion rate – today and tomorrow
Today, only 50% of the capital gain is taxable (this is known as the capital gains tax inclusion rate). This means that $50,000 of the $100,000 earned from the sale of the cottage in our example is added as income for that tax year.
Here’s an example:
Your regular income, earned from your full-time job, is $75,000
You make a $100,000 profit from the sale of your cottage (after you pay real estate fees, closing costs, etc.)
50% of the profit is taxable, which means you add $50,000 to your income during the tax year in which you realized this capital gain
$75,000 + $50,000 = a total income for that tax year of $125,000
The amount of tax you ultimately pay in that year will depend on your tax bracket and its marginal tax rate.
The kitchens are a rare blend of style and substance. Premium appliances, including a gas range, are complemented by a rich quartz countertop and glass backsplash to create a space fit for a chef. Modern cabinetry and soft-close doors and drawers are refined and functional. Smart use of space and storage solutions make clutter-free living achievable.
LIVING
The interiors at Avalon 3 feature open concept layouts ideal for everyday living and elegant entertaining. Large windows and nine-foot ceilings (in most homes) contribute to the generous sense of space, bringing natural light inside and highlighting the quality of finishes. A high-efficiency heating and cooling system, which can be monitored remotely by a wifi-enabled thermostat, offers optimal climate control all year round.
BATHROOMS
The spa-inspired bathrooms at Avalon 3 feature elegant touches and high-end fixtures that maximize comfort and create a relaxing retreat. In-floor heating in the master ensuite is a treat for your toes, while a sleek frameless glass shower and deep soaker tub are luxuriously inviting. Porcelain tile flooring suits the serenity of the space.
Features/Amenities from other sources
Exercise Centre
Garden
Guest Suite
Maintenance Fees Include
Garbage Pickup
Gardening
Gas
Heat
Hot Water
Management
Recreation Facility
Restrictions
Restrictions updated:
January 2011
Construction Information
Year Built
2021
Levels
25
Construction
Concrete
Strata Information
Strata Plan #
Title to Land
Freehold Strata
Units in Development: 329
Units in Strata: 329
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