I often wonder how my children will be able to afford a home in the Lower Mainland if they chose to live here. More and more our adult children are either moving away from the lower mainland or living at home longer because they just can't afford accommodation here. My daughter recently rented a room in Yaletown which was actually a kitchen pantry converted to a bedroom. There was no window, no closet, and definitely not big enough for even a single bed ... just a cot. I won't even get into how much the monthly rent was.
Surrey's Quattro is tackling the issue of affordability of Surrey condos and townhouses. They have chosen Surrey, BC's most rapidly growing community for this ambitious project. You likely heard that Quattro 1 and 2 sold out in record time. The real estate market has certainly cooled since then, but Quattro is still a very good option for 1st time buyers and downsizing couples or others who are deciding to be a part of the up and coming area at Whalley Boulevard and 108th in Surrey. The proximity of healthcare of Surrey Memorial and the Jimmy Pattison Pavillion are also very attractive to individuals desiring the convenience of this proximity.
The Quattro area is becoming a new "city centre" area, with significant long term plans for infrastructure, including quaint neighbourhood restaurants, a live performance theatre, a new $86 million civic centre with its crowning glory being "Celebration Plaza" which will accommodate 5,000 people. Quattro is also walking distance (less than 10 minutes) to Skytrain and close to SFU's Surrey campus.
Given construction is complete Surrey's new Quattro 3 condo and townhouse development re-opened its Discovery Centre over the Labour Day Weekend. This condo development is the first six story wood frame residential commercial mixed building in Surrey. It includes studio apartments, 1 and 2 bedrooms, and live work studios - imagine that.
Surrey Mayor Dianne Watts who supports the new construction stated "National business and real estate organizations continue to recognize Surrey as having one of the strongest investment climates in the country, and we've been able to attract over $1 billion in new residential development to City Centre. As we continue to shape growth in our city, we are encouraging new forms of housing stock to meet the needs of our community and are excited to see Quattro pioneering six storey wood-frame construction in Surrey."
The long awaited revitalization of Whalley has begun.Mike Alleyne, Real Estate AgentHomeLife Benchmark604-785-7066