é neenghores ee as 4 Friday, April 17. 1998 - North Shore News - 55 Mlustration Sussex Heatty OCEAN Walk, now under construction at Marine Drive and 19th Avenue in West Vancouver, was designed to take advantage of its sea- side location — 14 granite, brick and glass homes face the ocean, and feature large patios and balconies from which to enioy the view. Concrete condos offer quality THE wraps are off and one of West Vancouver’s best-kept secrets is a secret no more. Months of planning and negotiations have culminated in a promisiag new addition to the heart of Ambleside Village: Ocean Walk. Fourteen granite, brick and glass homes with expan- sive balconies and patios will face south toward the sea. Completion is scheduled for winter 1998. Ocean Walk was envi- sioned by Rick Browning, president of the — Pacitic Western Realty Group, as the best way to rake advantage of the singular location — iacing Bellevue Avenue and the sea- wall promenade. At the same time, he want- ed co create a smal! communi- tw that would meet the needs of neighborhood residents downsizing from larger family homes, but without sacrific- ing quality. or Jong-term investment value. This is, in part, why he determined the three-storey building would be of con- crete, rather than wood frame construction, with brick fac- ing and a granite base — the same granite used on the sea- wall and the local fibrary. The concrete also enabled the architects to design exceptionally large windows. “We've moved away from the frame buildin because we wanted to accommodate more knowledgeable buyers who would have definite con- cerns about their invest ment,” explained Browning. “Vancouver is one of the most seasoned condominium markets in] North America because the building commu: nity has been doing it for so long. Our buyers are among the most discerning in the world and they want solid, top-quality materials with a Superior quality of construc: tion. Basically we've designed Ocean Walk for thase who enjoy othe — sophisticated lifestyle of West Vancouver and an investment that offers AT A GLANCE solid value and secunty: for the long term.” Simplicity of design is another of Ocean Walk’s attractive aspects. Interiors are simple, neutral, both clas- sical and) contemporary. There is nothing extrancous or supertlagus — its the right sctung in which to enjoy a low-key, worry-free lifestvle, Browning refers to tt as “uot flashy, but a very hon- est, high-qualioy building.” For those needing assur- ances thar downsizing need- nrmean a step down, a quick look at the plans tor these res- idences banishes any qualms. Room dimensions are generous -—- more than 1,600 square feet --- with a wide variety of floor plans, the most expansive with nwo bed- rooms, family roam and liv- ing room with a sculpted stone Freplice. Myriad thoaghifal touch: es distinguish Occan Wolk trom similar developmicats -- additions such as an interior drop-off area for residents or Visitors arriving or being picked up by car in sometimes Inclement wether. Security has been carefully consifered as well, guaran- teed by the state-of-the art Chubb system with a central computer in the building. Other amenities include a medic alert option, secured underground parking and storage. your home with 5% down ON May 11, all home buyers, not just first- time buyers, will have access to mortgage insurance with as little as 5% down. This mortgage insurance option will be available for purchasers who can manage the costs of home ownership and have a minimum down- payment of 5% of the pur- chase price. “Of the more than 610,000 Canadians who pur- chased their first homes over the past six vears, 70% of these purchasers indicated they vould not have pur- chased without the five per cent down option.” said Mare Rochon, president of Canada Mortgage and Housing Corporation. “This program is extremely popular and important to home buyers as well as the housing industry.” Yo ensure consuners understand the costs and responsibilities invoived with home ownership, Rochon said that CMHC will enhance its information initiatives tor home buvers. * Informed consumers are the best consumers,” added Rochon. Mortgage insurance pre- miunts will be 3.75 per cent for buyers who are making a down payment of as littl: as 5% of a property's value. This is the percentage of the mortgage loan a buyer is required to pay as insurance i case of default on payment. Purchasers have the option of adding the premium two the mortgage and paving if en a monthly basis. This new program replaces the First Home Loan Insurance product, scheduled to end in February 1999. Feature Listing ADDRESS: 2315 Chairlift Close Comme merece ese sennen roan earerseneenscenene LOT SIZE: 1/3 acre errr ere eer e ee creer errr re eee eer errr ress EXTERIOR SIZE: 6,234 sq. ft. Pero emesoeuree we eeeeneeneee NUMBER OF BEDROOMS: 6 errr ee re eee Sere eT ee SEC reer ee eee re rrr cerry NUMBER OF FLOORS: 3 ASKING PRICE: $1,288,000 OPEN HOUSE: Sunday 2 - dpm LISTING AGENT: John Armstrong, 880-8359 SPECIAL FEATURES: Beautilul ocean vews and 600 sq. ft. of decks. Cul-de-sac location. A walk to new Collingwood school 2315 Chairlift Close _.. Luxurious living This luxurious view home is truly special. It hoasts a grand foyer with spiral staircase, 18-foat ceilings and classic chandelier. The large gourmet Merit kitchen offers an eight-foot centre island, Jenn-Air stove, subzero fridge, Maytag appliances, plus a wok kitchen. The spectacular master bedroom boasts a fireplace and deluxe six-piece ensuite. Four of the six bedrooms have ensuites. Other features: a media room, fully furnished daylight basement, four gas fireplaces, and an alarm, sprinkler, vacuum and inground water systems. John Armstrong Sutton Group. West Coast Realty