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10119 South Shore Road, Lake Cowichan

Waterfront Property on Lake Cowichan

Back view of property

Back view of property

This is it! One of the nicest lots on the Lake. 100 feet of waterfront, sandy beach, large flat site, secluded entrance, private side yards. Located only a couple minutes from March Meadows golf course, this place has it all. Two new pilons installed in 2015, the cabin was renovated inside in 1997, sleeps 9+, washer and dryer, new roof. Ideal vacation cabin, lots of space for RV’s, floatplanes, boats, etc. or live in the cabin while you build your dream home.  This place wont last.

Offered at  $699,000

 

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Inside of cabin

 

Side of cabin

Side of cabin

 

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View from master bedroom

 

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View from cabin deck

 

Private Driveway

Private Driveway

 

 

 

314 W 15th Ave, Vancouver

Westside Beauty

Perfect townhome. This lovely split level corner suite has a feeling of openness with high ceilings, plenty of windows & vaulted ceilings in loft bedroom. Lovingly maintained with renovations done in 2010. Features include gas fireplace, modern kitchen with stainless steel appliances, gas stove, crown moulding throughout, oak flooring and large private south facing patio. Beautiful street within walking distance to shopping, restaurants, transit & schools.

Offered at $1,099,000

314 W 15th Ave, Vancouver

Kitchen and Dining Area

 

314 W 15th Ave, Vancouver

Private backyard

 

314 W 15th Ave, Vancouver

Loft bedroom with vaulted ceiling.

Strata Living : What You Need to Know About Age and Pet Restriction bylaws

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Many people live in condominiums because they are a great lifestyle choice. As condo owners we share a broad range of facilities and assets that enable us to enjoy more leisure time and fewer of the obligations of maintaining a detached home. While we no longer have to clean the gutters, mow the lawn, or wash the windows, we do have to be reminded that, when we move into strata communities, we share the lifestyle choices of our fellow owners. In many strata corporations those lifestyle choices are controlled through the strata bylaws. The Strata Property Act permits both age and pet bylaws that apply to owners, tenants and occupants of the strata corporation.

Pet Restrictions

The Schedule of Standard Bylaws, which form part of the Act, permit a reasonable number of fish or small aquarium animals, a reasonable number of caged mammals, up to two caged birds and one cat or one dog. If your strata corporation has amended or repealed the standard bylaws, they will automatically apply; however, if your strata has passed and filed a bylaw that applies to pets, the strata bylaw will prevail, provided it complies with the Act, the BC Human Rights Code and any other enactment of law. There are literally hundreds of variations of pet bylaws across the province with different objectives, but each strata has to decide what works best for its community.

Before your strata adopts a new amendment to its bylaws, consider the reasons why you are doing this. You may already have a bylaw in effect that can resolve a problem without the need for additional bylaws. A common example is nuisance. There is no need to adopt a pet bylaw that requires an owner to keep their pet quiet, when the standard nuisance bylaw is sufficient. Strata corporations also believe that if they adopt a bylaw that limits the size of a pet, it will be a solution to noise problems, without considering that a small dog that is not controlled by an owner may be just as aggressive or disruptive as a large dog. The number of pets may also be an issue. A strata may pass a new bylaw that increases or decreases the number of pets or certain pets. Strata corporations are also required to accommodate persons with certified assistance pets such as guide dogs. As a result, when considering bylaw amendments, it is always prudent to obtain legal assistance.

Age Restriction

Age restriction bylaws are permitted under the Act only for the purpose of limiting the age of occupancy. Under the current legislation, an age restriction bylaw may apply to ages between 19 and 55, and the strata corporation sets the minimum age of occupants. This may have a significant impact on your purchase in a community, especially if you are planning a family or plan to have other occupants in your strata lot who do not comply with the age restrictions.

When a pet bylaw or age restriction bylaw is passed, the bylaw does not apply to the current pets or any current occupants in the building who may not conform to that bylaw. If the standard bylaw applies, and an owner has one dog, and the strata corporation passes a new bylaw that prohibits dogs, the dog currently living with the owner is exempt until the pet is no longer living in the unit. That owner cannot replace the pet and must comply with the bylaws. The same conditions apply to a person who is underage at the time the bylaw is passed.

Buyers need to exercise a high standard of care when they are considering an apartment, townhouse or bare land strata. Read the current registered bylaws closely and never makes assumptions. Just because you see pets or children does not mean they are permitted under the bylaws.

- See more at: http://www.rew.ca/news/strata-living-what-you-need-to-know-about-age-and-pet-restriction-bylaws-1.2098048#sthash.A6RG9o5d.dpuf

BC Buyers – Property Transfer Tax

When buying a home in BC, the buyer automatically pays the provincial Property Transfer Tax (PTT).

The tax is payable on the fair market value of the home or other property.

This is different from the property tax. You pay property tax on an annual basis for services you receive from your local government.

How much is it?

The tax is charged at a rate of 1% on the first $200,000 of the fair market value of the property, and 2% on the rest.

For example, if the fair market value of the property is $150,000, the tax is 1% of $150,000 or $1,500.

If the property’s fair market value is $500,000 the tax is 1% of $200,000 ($2,000) plus 2% of the remaining $300,000 ($6,000) for a total tax of $8,000.

Exemption

Qualifying first-time buyers may be exempt from paying the PTT of 1% on the first $200,000 and 2% of the remainder of the purchase price of a home priced up to $475,000. There is a proportional exemption for homes between $475,000 and $500,000. At $500,000 and above the rebate is nil.