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Receive more information about The Beach Club
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The Beach Club MLS® Listings
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Building Info
The Residents at The Beach Club - 194 Beachside Drive, Parksville, BC V9P 2G5, 8 storeys, 56 units, built 2009, crossing roads: Beachside Drive and Corfield Street N. Developed by Victoria-based Sandcastle Holding Ltd., The Residents at The Beach Club is a eight-storey concrete tower located right on Parksville Beach in the heart of Parksville on Vancouver Island BC. The full ownership residences at the Beach Club are a prestigious landmark & most coveted address in Parksville.
This collection of one and two bedroom plus den condos ranging to over 2,500-square-feet features Elegant West Coast architecture. Contemporary interior design boasts 9-ft ceilings, engineered wood flooring, gas fireplace, oversized windows, sleek stainless steel appliances, polished granite-slab countertops and backsplash, flat panel wood cabinetry, and marble bathrooms with tile floors and electric in-floor radiant heat. Large balconies invite outdoor entertaining, and most suites offer stunning views of the Strait of Georgia.
The Parksville Beach Club includes two buildings: The Residents at the Beach Club tower, a 8-storey concrete tower offering full ownership; the beachfront Parksville Beach Club, a 9-storey, longer, lower building with 89 villas offering 356 quarter shares ownership. While each building has its own amenities including an indoor lap pool, deluxe whirlpool, Steam room, a fully-equipped fitness centre, lushly landscaped grounds, and secured underground storage lockers.
The Residents at The Beach Club, situated on the site of the historic Island Hall Resort, is just steps from the east coast of Vancouver Islands most magnificent Parksville Beach. There are also 6 fabulous golf courses all within a short drive & less than an hour away, the slopes of Mt. Washington.
Official Website: parksvillebeachclub.com Phone: 1-866-330-7274 Sales Address: 194 Beachside Drive Parksville
Strata Sub Categories: Strata
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.
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 “Save Brentwood Park” coalition successfully petitioned city council last week with 298 names to lobby the province to make an exception for their neighbourhood of single-family homes which sits within the 800-metre transit-oriented development area for Brentwood Town Centre SkyTrain station.
The provincial legislation will require cities to allow buildings with minimum heights of eight to 20 storeys within certain distances around “transit-oriented areas” (TOAs) like SkyTrain stations.
first impressions • Elegant West Coast exterior • Reinforced concrete and steel construction • Oversized windows and entertainment sized balconies • Lush exterior landscaping • Beautifully designed and furnished lobby
luxurious living spaces • Two contemporary custom designed colour schemes featuring neutral palettes with chocolate and charcoal accents • Flat panel, birch veneer, solid core interior doors • Lever style interior door hardware • Graceful 9-foot ceilings • Engineered wood flooring throughout kitchen and living areas • Textured carpeting throughout bedrooms by Krause • Gas fireplace and custom mantle with Euro tile accents and halogen monopoint lighting • Designer 2-inch blinds immaculately appointed kitchens • Polished granite slab countertops with full height tile backsplash • Contemporary over-height, flat panel wood cabinetry with aluminum and frosted door accents, stainless hardware, and under-valance lighting • Stainless steel under-mounted, double sink with garburator • Felicity™, polished chrome, single lever faucet with pull-out side spray • Frigidaire professional series energy star model stainless steel, ice and water fridge • Frigidaire professional series energy star model, stainless steel ultra-quiet dishwasher • Frigidaire professional series stainless steel OTR microwave hood fan and dual fuel slide in range with gas cooktop and electric convection oven • Stylish pendant lighting over the eating bar • Chic S-Curve track lighting and halogen heads
elegant ensuites • Polished marble slab countertop and backsplash • Rectangular white under-counter double sinks, vitreous china (in some suites) • Contemporary flat panel wood cabinetry with stainless steel hardware • Custom wood framed mirror • Electric in-floor radiant heat • Solace™ polished chrome, two handle, high a rc, widespre ad faucet • Aristocratic Qube Collection bath hardware
peace of mind • 2-5-10 Year New Home Warranty coverage by Tra veler s • State-of-the-art fire protection with in-suite smoke and heat detectors and a monitored central sprinkler system • Latest building envelope rain screen technology • Secure gated underground parking • Video controlled entry thoughtful extras • Full size, stackable, front load, energy star mod el wash er a nd dry er by Frigidaire • Natural gas BBQ quick connect • Pre-wired for in-home security • “Technology ready” with additional telephone, cable, data outlets and Cat 5 wiring • Secured underground storage lockers
residents private health club • Indoor lap pool • Deluxe whirlpool • Steam room • Fully equipped fitness centre with a recumbent bike, upright bike, stairmaster, treadmill, elliptical trainer, multi-station gym, adjustable incline/decline bench and dumbell rack.
Features/Amenities from other sources
Elevator
Exercise Centre
In Suite Laundry
Pool; Indoor
Sauna/steam Room
Amenities info
Residents private health club is located on the ground floor: • Indoor lap pool • Deluxe whirlpool • Steam room • Fully equipped fitness centre with a recumbent bike, upright bike, stairmaster, treadmill, elliptical trainer, multi-station gym, adjustable incline/decline bench and dumbell rack.??
Restrictions
Restrictions updated:
January 2011
Construction Information
Year Built
2009
Levels
8
Construction
Concrete
Rain Screen
Full
Roof
Tile
Foundation
Concrete Block
Exterior Finish
Mixed
Strata Information
Strata Plan #
Title to Land
Freehold Strata
Units in Development: 56
Units in Strata: 56
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