flutist
aims high

NORTH SHORE
NOW: PAGE 19

(QUEBEC'S BERNARD Vermette sailed to third place in the 20-kilometre free-technique cross-country ski race at Hollyburn Ridge on eSanday a despite
falling on the last: lap. American Greg Stone won the race, edging Al Pilcher of Orangeville, Ont., who clinched the Canada Cup title. Vermette finished:
ee ‘second oyérall in: the J0-race Canada Cup standings. Meanwhile in the women’s division, Jane Vincent of Dawson City. won a the 15-kilometre free-

Braemar lots on the market

BUT REALTORS SAY PRICES TOO HIGH IN NEW NV SUBDIVISION

NORTH VANCOUVER District has gone to market for
bids on the first 32 fots of the 225-lot, multi-million-doflar
Braemar development, but local real estate agents have ex-
pressed doubts over the marketability of what they say are
the high prices being asked for the properties.

Located on the slopes of
Fromme Mountain and accessed
by the Braemar-Dempsey link be-
tween Lonsdale Avenue and Lynn
Valley Road, the development
could provide North Vancouver
District with $67.5 miilion is land
sales if developers pay the mini-

INSIDE: =

News Repurter
mum prices
municipality.
According to district iand agent
Don Sigston, the lots, which range

expected by the

in size from 7,200 square feet to
30,000 square feet, will be selling
for an average price of $300,000.

The neighborhood, originally
referred to by district planners as
Braemar-Dempsey and Kilmer
Creek, is now known simply as
Braemar.

Said Sigston, **From a market-
ing point of view we believe that a
quality name and a name that can
be associated with the area is wor-
thwhile.*'

The development will be phased
in over several years, beginning

COMPLETE WEEK’S TV LISTINGS: :

with the 22-lot Braemar Place
subdivision to the west and the
10-lot Quarry Court subdivision to
the east.

Lots in the two phase-one sub-
divisions range in size from 7,450
to 2,400 square feet. Quarry
Court will be sold as a group to a
single bidder.

The minimum asking price for
the 10-lot land package is $2.7 mil-
lion.

Braemar Place is worth $6.2 mil-
lion, with lots prices ranging from
$284,000 to $300,000

According to Sigston, the
district has attached its most str-
ingent design guidelines ever to the
development in an effort to create
‘a distinguished neighborhood of
executive homes.’*

Added Sigston, ‘For an indi-
vidual to pay that much for a lot in
a distinguished neighborhood,
they’re probably going to be
spending at least equal that much
for the residence. So it’s not going
to be for the average family. It’s

See Prices
Page 3