Hungerford Group to raise Altitude at UniverCity
Hungerford Group, developers of the multi award winning MacPerson Walk in South Burnaby are the latest to secure a building site on top of Burnaby Mountain at SFU, UniverCity. Altitude will be a 2 tower development comprising of a 12 and 14 story building with a total of 210 strata units. Homes will range in price and size with 1, 2 & 3 bedroom plans and a small selection of town homes. Located at the peak of University Crescent next to Altaire, Altitude will rise higher up than any other residential building currently in UniverCity or within Metro Vancouver for that matter.
Hungerford intends this to be the highest end development to date at UniverCity that will be both investor friendly and appeal to potential residents. Although pricing has not been released, in speaking with Jason Dolker of Hungerford Group, he is confident Altitude will be competitively priced representing great value with compared with recent pre‐sale developments. Floor plans will be efficient with an intense amount of attention to detail.
This will be an exciting development to watch as Mr. Dolker has provided some insight on just how high‐end Altitude will be. Features such as high‐end name brand appliances and not “developer specials” will be used, pot lights will highlight entrance ways providing a warm welcome to future owners, engineered wide plank oak floors will be used in favor of laminate, large 3’ wide showers with custom tiled shower base, all interior doors will be pull doors and not bi‐folds, custom roller blinds and the list goes on. Given the location, I would expect views from roughly the 7th to 8th floor up will be spectacular. Mr. Dolker feels Hungerford will bring something very unique to UniverCity, something the market has not seen as of yet. As mentioned by Mr. Dolker our goal was to create “that boutique development” in the community that will be sought after for many years to come after completion representing short and long term value.
The aim is to start pre‐sales in the next couple of months, possibly as early as mid‐March. Completion, I expect will be late 2014 and one should expect a 15% to 20% deposit payable. Pricing, floor plans and exact launch date at this time are unknown.
Check back for further details as they become available.
005 9298 University Crescent
Burnaby
V5A 4X8
$725,000
Residential
beds: 3
baths: 2.0
1,116 sq. ft.
built: 2004
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- R2989166
- Bedrooms:
- 3
- Bathrooms:
- 2
- Year Built:
- 2004
- Photos (31)
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- Property Type:
- Residential
- Dwelling Type:
- Apartment/Condo
- Common Interest:
- Condominium
- Manufactured Type:
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- Year built:
- 2004 (Age: 21)
- Living Area:
- 1,116 sq. ft.
- Floor Area - Unfinished:
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- Floor Area - Detached 2nd Residence:
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- Building Area - Total:
- 1,116 sq. ft.
- Rainscreen:
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- Bedrooms:
- 3 (Above Grd: 3)
- Bathrooms:
- 2.0 (Full:2/Half:0)
- Kitchens:
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- Rooms:
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- Num Storeys:
- 9
- Taxes:
- $1,965.3 / 2024
- Exposure / Faces:
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- Rear Yard Exposure:
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- Outdoor Area:
- Balcony
- Pad Rental:
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- # or % of Rentals Allowed:
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- Water Supply:
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- Plan:
- BCS1046
- Name of Complex/Subdivision:
- Novo 1
- Construction Materials:
- Concrete, Concrete (Exterior)
- Foundation:
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- Basement:
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- Full Height:
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- Crawl Height:
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- Roof:
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- No. Floor Levels:
- 1.0
- Floor Finish:
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- Floor Area Fin - Above Grade:
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- Floor Area Fin - Above Main:
- 0 sq. ft.
- Floor Area Fin - Above Main 2:
- 0 sq. ft.
- Floor Area Fin - Main:
- 1,116 sq. ft.
- Floor Area Fin - Below Main:
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- Floor Area Fin - Below Grade:
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- Floor Area Fin - Basement:
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- Floor Area Fin - Total:
- 1,116 sq. ft.
- Heating:
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- Parking Features:
- Underground
- Parking:
- Underground
- # Of Parking Spaces - Total:
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- # Of Covered Spaces:
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- Parking Total/Covered:
- 1 / 1
- Title to Land:
- Leasehold prepaid-Strata
- Flood Plain:
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- Suite:
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- Elevator
- Balcony
- Laundry In Unit, Exercise Centre, Elevator
- TREES
- Exercise Centre, Caretaker, Trash, Maintenance Grounds, Hot Water, Management
- Shopping Nearby
- 2
- Dishwasher, Refrigerator, Cooktop, Microwave, Laundry In Unit, Exercise Centre, Elevator
- Washer/Dryer, Dishwasher, Refrigerator, Cooktop, Microwave
- In Unit
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- Type
- Size
- Other
- Council Approval:
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- Income Per Annum:
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- Oper. Expenses:
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- Net Operating Income:
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- Association Fee:
- $605.32
- Age Restrictions:
- No
- Tax Utilities Included:
- false
- By-Law Restrictions:
- Pets Allowed With Restrictions, Rentals Allwd w/Restrctns
- Dist to Public Trans:
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- Dist to School Bus:
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- Property Disclosure:
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- Fixtures Leased:
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- Fixtures Removed:
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- Pets Allowed:
- Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
- Cats:
- Cats OK
- Dogs:
- Dogs OK
- Home Owners Association:
- Yes
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- Listings on market:
- 96
- Avg list price:
- $678,950
- Min list price:
- $345,000
- Max list price:
- $3,980,000
- Avg days on market:
- 50
- Min days on market:
- 5
- Max days on market:
- 903
- Avg price per sq.ft.:
- $782.09
- HAFEZ PANJU
- Royal LePage West Real Estate Services
- 1 (604) 3773689
- Contact by Email
Altitude
Quick Facts
Address:
9060 University Crescent
Developer:
Hungerford Group
Built In:
TBA
Number of units:
TBA
Height:
12 & 14 Stories, 2 towers
Construction:
Concrete & glass
Facilities:
TBA
Restrictions:
None
Warranty:
2‐5‐10
About Us:
Hungerford Group is a diversified real estate private equity business engaged in a range of properties, development, and management activities focused in Western Canada.
Value Add Investment Strategy:
Our business strategy is to acquire well located properties utilizing balanced leverage, advantageous market timing and proactive value added management. Typical investment properties include Class B & C properties with current income and upside potential. Hungerford Group applies multifaceted value enhancing strategies to maximize returns. Such value add strategies include increasing rents & occupancy levels, reducing operating costs, refurbishment & redevelopment, rezoning & repositioning, strategic site assembly, and environmental remediation.
Portfolio:
Current real estate assets under management total over 1,000,000 square feet including investments in residential, office, retail, industrial/warehouse, residential and agricultural properties. Hungerford Group has a continuous pipeline of projects under development and refurbishment currently developing over 700 residential units.
