ARE YOU ON THE V LIST? - Virani Real Estate Advisors

The V List Homes 

November 2006 

ARE YOU 

ON THE 

V LIST 

Virani Real Estate Advisors | 604. 913.1888 | www.thevlist.com

Virani Real Estate Advisors 

The Village at Park Royal 

J4–925 Main Street 

West Vancouver, BC V7T 2Z3 

604.913.1888 

Karim Virani 

President 

Haneef Virani 

Vice-President 

Frank Kearney 

Realtor / Managing Broker 

Diana Brown 

Realtor 

Monica Virani 


Kevin Lynch 


Sarfraz Virani 


Chris Harburn 


Arun Masand 

Offi ce Manager 

Gwen Webster 

Client Care Offi cer 

Margot Bates 

Client Care Offi cer 

Charmaine von Possel 

Accounts / Conveyance 

This communication is not intended to cause or 

induce breach of existing agency agreements. 

©2006 Virani Real Estate Advisors 

KARIM’S 

WELCOME 

As I am sure you realize that I keep a day-to-day, week-to-week and month-to-month close look at 

the residential real estate market on the North Shore and that I am constantly answering the popular 

question – “has the market reached the top yet” In my opinion “no it has not”, but there are some 

signs in some market areas of Greater Vancouver that the rate of price increase is not as hectic as it 

has been over the last year or so. Cameron Muir, a market analyst with CMHC states that the Lower 

Mainland real estate markets can expect to experience a slow down as prices keep squeezing buyers 

out of the market. It is still a sellers market and we won’t see change until we see more listings. Homes 

priced correctly sell quickly and we are not seeing the frenzy we saw last year which is good news for 

buyers. 

If you would like to see your home listed in this publication or for a no-obligation market evaluation, 

contact me at 604.913.1888. You are also welcome to stop by our offices in the Village at Park Royal 

and discuss your Real Estate Needs. 

Karim Virani 

“None of us, including me, ever do great things. But we 

can all do small things, with great love, and together we 

can do something wonderful.” 

– Mother Teresa 


WEST VANCOUVER 

$3,488,000 

West Vancouver Market Comment 

Another steady month for residential sales in West Vancouver, where the 

market is still favoring sellers but where the price increases have tapered 

off. West Vancouver is such a great place to live that buyers are prepared 

to pay a premium for this privilege. This fact is reflected in the MLS 

statistics which show that the sales prices for residential properties in West 

Vancouver are the highest for residential properties in Greater Vancouver. 

The number of listings have increased and this will help to make the 

market more stable in the months to come. The fundamentals under-lying 

the housing demand in Greater Vancouver continue and immigration, low 

interest rates, high employment and a strong economy will sustain this 

demand into 2007. 

2639 Finch Hill 

Enjoy gorgeous panoramic views from Mount Baker to Vancouver Island 

from this exceptional 7,000 square foot mansion. Perched high on the hill in 

Canterbury Estates this luxurious custom built home offers an open floorplan, 

designer kitchen, 5 bedrooms all with ensuites, an outdoor pool and Jacuzzi 

hot tub, heated driveway and much more. 

$3,299,000 

$3,188,000 

1068 Eyremount Drive 

This ambassador quality Italianate villa VIEW home is finished in imported 

limestone and plaster. The residence and the surrounding grounds are 

finished in the grand manner pre-war Europe. The style of this highly original 

home is carried with a personality, poise, fun and self assurance, making it 

ideal for entreating. Truly a spectacular estate. 

680 King Georges Way 

Spectacular 180 degree views from this grand 6,000 square foot, custom 

built home finished to very high standards and exudes luxury and elegance. 

Experience the gourmet kitchen with top end appliances, Brazilian cherry 

hardwood floors, 4 marble and limestone fireplaces, expansive decks on a 

gated 3/4 acre lot with room for a pool and tennis court. 

$2,995,000 

$2,888,000 

2490 Westhill Court 

Lovely views to Downtown Vancouver and the water from this extensively 

renovated 8,000 plus square foot quiet home. Designed for entertaining with 

spacious open rooms and dramatic ceilings, gorgeous outdoor pool and hot 

tub area, huge decks and patios, extensive marble tiling, top end appliances, 

radiant in floor heat and separate in-law accommodation. 

2597 Marine Drive 

Spectacular view home, architecturally designed, featuring full height sliding 

glass doors and multiple skylights with open plan 24’ ceiling in dining and 

entry. This completely renovated home has 4 bedrooms, 5 bathrooms, two 

fireplaces, studio-office, theatre media room, and billiards room, and opens 

onto a large deck with pool and hot tub. 


$2,880,000 

$2,599,000 

1128 Crestline Road 

Stunning panoramic views from this custom built one owner, 6 bedroom 

and den home. Designed with exquisite detailing throughout all 3 levels on 

approximately 6,300 sqft. Radiant in floor heat, kitchen with Sub Zero/Miele 

appliances, air conditioning, level heated driveway, 3 car garage, hot tub, 

steam and dry sauna, and outdoor patio and backyard. 

6051 Gleneagles Drive 

6 bedroom semi-waterfront family home on 0.46 acres and over 5700 sqft 

of elegant living. Sensational private patios and gardens with level play 

areas and magnificent ocean views. Gourmet kitchen, grand foyer, master 

bedroom suite with private terrace, large library, 3 fireplaces and mahogany 

hardwood and Spanish terracotta. 

$2,580,000 

$2,288,000 

2511 Palmerston Avenue 

Gorgeous city and water views from this like new, 6 bedroom, 6,700 

sq/ft, 3 level home in Upper Dundarave. Architecturally designed with 

vaulted ceilings and a large open floorplan with inner courtyard. Well 

finished throughout with custom millwork, hardwood floors and luxurious 

bathrooms. 

4215 Evergreen Avenue 

Semi-waterfront, architecturally designed, 6,000 square foot home with 6 

bedrooms and office and 5.5 bathrooms is located on a prestigious cul-desac. 

This luxury home boasts dramatic vaulted ceilings, skylights, private 

decks and a conventional floor plan with a large, bright 2 bedroom in-law 

accommodation. 

$2,198,000 

$2,149,000 

2572 Westhill Close 

Immaculate, unique, architecturally designed 7 bedroom and den, 6450 sq/ft 

home in private cul-de-sac location. This home features views to city and 

harbour, in-floor radiant heat, air conditioning, Home Theatre room, hardwood 

flooring, sub-zero fridge and granite counters. Home is surrounded by mature 

landscape and sits on a 16,000 sq/ft lot. 

1153 Eyremount Drive 

Grand panoramic view from this graciously renovated, 8 bedroom, 5 

bathroom home on 2/3 of an acre lot in British Properties. This elegant home 

features, updated kitchen with Sub-Zero and Dacor appliances, hardwood 

floors, marble fire place and French doors that open from the living room to 

a glass railing deck with views of the City and harbour. 


$1,688,000 

$1,549,000 

575 Stevens Drive 

Immaculately maintained 2 level home on a 0.46 acre lot in Lower British 

Properties. This lovingly cared for updated home features, oak hardwood 

floors, large principal rooms, main floor master bedroom suite, 2 other big 

bedrooms plus an office, level driveway to a double garage and complete 

privacy. A great family home in a convenient location. 

2530 Lawson Avenue 

Immaculately kept 10 year old, 6 bedroom, 2 den home. Features include an 

inviting open entry, solid maple hardwood floors, granite kitchen counters, 

solid wood cabinetry, 4 bedrooms up ( 2 ensuites ), and a fantastic 2 bedroom 

in-law accommodation on the lower level. Almost 4,400 square feet on 3 

levels set on a south facing 64 x 132 lot. 

$1,499,000 

$ 1,475,000 

1361 Inglewood Avenue 

Custom built, one owner, 4 bedroom home in prime Central Ambleside 

location. This well built home offers a wonderful open floor plan with main 

floor opening out to a large patio and fully fenced backyard. Features maple 

hardwood floors, wood windows, 9 foot ceilings, water views from upper 

floor and huge crawl space. 

855 Cross Creek Road 

Great potential here with this 5 bedroom estate sized lot. Build your dream 

home on this 26000 sq/ft lot with city views. This home currently has 

access from Crosscreek and Pyreford road, near Hollyburn Country Club and 

Schools. An opportunity to hold or build in this fabulous British Properties 

location. 

$1,388,000 

$1,250,000 

6029 Gleneagles Close 

Open 5/6 bedroom, 3 level 9 year old home in this exclusive, quiet semiwaterfront 

location. Spanish themed main floor, 4/5 bedrooms on the upper 

level and a lower level 1 bedroom in-law accommodation. The property 

offers lush landscaping and is located nearby Gleneagles Rec Centre and Golf 

Course, Schools and is only a short drive to shopping. 

2560 Westhill Close 

Fabulous 6 bedroom, 6 1/2 bath family home in a private Westhill subdivision. 

Grand double height skylit foyer opens to large living room. 9’ ceilings, crown 

mouldings, radiant heat and four ensuited bedrooms make this an elegant 

family home perfect for entertaining. This home is part of Bareland strata 

which shares outdoor pool and playground. 


$1,248,000 

$1,199,000 

655 Andover Place 

Panoramic, unobstructed views from this 4 bedroom, 3 bath home situated 

at the end of a quiet cul-de-sac. This home offers tremendous potential and 

sits on a 16, 574 square foot lot with 122 feet of frontage. Other features 

include hardwood floors, large floor to ceiling windows, tennis court and 

tremendous privacy. 

603-3131 Deer Ridge Drive 

Panorama views from Mount Baker to Vancouver Island from this large 2 

bedroom and den/family room suite. Spacious floorplan with over 1,800 

sq/ft and features that include corian kitchen counters, covered balcony, tall 

windows and 2 parking stalls. Very private development set on a huge parcel 

of land offering lush landscaping and tennis courts. 

$1,199,000 

$1,199,000 

1065 Wildwood Lane 

Great views from Kitsilano to Metrotown from this totally renovated 4 

bedroom home, on a large 16,500 sqft lot. New hardwood and slate flooring, 

crown mouldings, granite and stainless kitchen, new bathrooms, double 

glazed windows and a 1 year old roof. Open floor plan on main level, wrap 

around patio and a 1 bedroom in-law lower level accommodation. 

2082 Westdean Crescent 

Great potential here with this 4 bedroom 3200 square foot home, set on a 

huge 0.47 acre lot. This home awaits your renovation ideas or is suitable to 

build your dream estate on this very level lot. The open layout and backyard 

make this home ideal for outdoor BBQ’s and entertaining. This is a super 

opportunity in a quiet and central location. 

$1,168,000 

$1,138,000 

1025 Elveden Row 

Located across from Elveden Lake is this 5 bedroom, 3.5 bath home on a huge 

19,000 square foot terraced lot. Boasting many updates inside, this traditional 

home has two spacious floors and is surrounded by lush VIEW landscape 

and patio decks. Layout includes a formal living and dining area and 4 large 

bedrooms including a fantastic master suite. 

5325 Westhaven Wynd 

Spacious 3 level, 4 bedroom home, located on a quiet cul-de-sac. Great family 

home offers traditional floor plan on the main and upper levels plus an unfinished 

basement awaiting your ideas. Features include a perfect casual living 

area, with family room and eating area off the kitchen, level backyard which 

backs onto greenbelt and a 2 car garage. 


THE VERTEX 

1598 Chippendale Road, West Vancouver 

56p w x 

58p h 

need tiff at 

18.5” wide 

A SPECIAL CANTERBURY DREAM ESTATE 

The current owners of this custom-built mansion quickly list off their favourite attributes: the Canterbury neighbourhood, its secluded 

and private atmosphere, and its cozy interior. But they say the best thing about the house is its panoramic views over the city and 

ocean. The wealth of south-facing windows keep the home bright even on damp days. At night they provide an exciting vision from 

nearly every room, making the house come alive. 

This seven-bedroom, seven-bathroom mansion boasts more than 9,800 sq. ft. of elegant living space over three floors. All finishings, 

appliances and cabinets reflect the latest in design and innovation, and the home’s open layout and leisure spaces make it a joy to 

entertain guests. A very special dream estate. 

$4,500,000 



MARKET WATCH 

September sales move towards a balanced market 

Vancouver, B.C. Oct 3, 2006 -The Real Estate Board of Greater Vancouver (REBGV) reports that total residential sales for detached, attached 

and apartment properties reached 2,519 units in September 2006, a decrease of 24.7 per cent compared to the 3,344 units sold in September 

2005, and a 11.5 per cent decrease compared to the 2,845 sold during the same period in 2004. 

New listings for detached, attached and apartment properties increased by 11.4 per cent to 5,115 units when compared to the 4,590 units 

listed in September 2005. 

“We’re moving towards a balanced market, a balance that brings 

greater stability to buyers and sellers throughout the Greater 

Vancouver area,” says REBGV president Rick Valouche. “We’re finally 

seeing an increase in inventory and that is great news for buyers in 

our active market. “ 

“We’re still selling far more properties monthly than we were four or 

five years ago,” notes Valouche. “There’s been a shortage of listings 

for some time. If listings continue to increase at this pace, we may 

be able to start meeting the strong demand for real estate that has 

been the driving characteristic of the Greater Vancouver market for 

the past five years.” 

According to Multiple Listings Service® (MLS®) data, sales of apartment properties decreased by 18.4 per cent to 1,093 sales in September 

2006 compared to 1,339 sales in September 2005. The benchmark price of an apartment property in Greater Vancouver, calculated by the 

MLSLink® Housing Price Index, is $334,482, up 21.6 per cent from one year ago. 

Sales of attached properties decreased by 33.8 per cent in September 2006 to 392 sales, compared to 592 sales in September 2005. The 

benchmark price of an attached unit is $411,898, up 19.6 per cent from a year ago. 

Sales of detached properties decreased by 26.8 per cent in September 2006 to 1,034 sales, compared to 1,413 sales in September 2006. The 

benchmark price of a detached unit is $659,269, up 18.2 per cent from last year. 

The Real Estate industry is a key economic driver in British Columbia. In 2004, dollar volume 

sales of homes in Greater Vancouver set a new record at more than $13.8 billion. Based on this 

figure, Greater Vancouver home sales in 2004 generated over $1 billion in related sales. 

Sales of detached properties decreased by 28.3 per cent 

in July 2006 to 1,031 sales, compared to 1,438 sales in 

July 2006. The benchmark price of a detached unit is 

$644,461, up 19.4 per cent from last year.

NORTH VANCOUVER 

$1,578,000 

North Vancouver Market Comment 

Listings in all three categories of residential real estate, detached, attached 

and apartments in North Vancouver increased in the past month which will 

help to steady the market and give greater stability to price increases. This 

is the best news that buyers can expect, as this settling down of the market 

will give buyers more time to make serious decisions. A balanced market 

is still the best news for both sellers and buyers. The average sale price of a 

single family home in Greater Vancouver, based on MLS statistics was down 

slightly in September 2006 for the first time this year, and this trend may 

continue for the balance of 2006. North Vancouver close to the City and the 

mountains continues to attract buyers. 

355 East 11th Street 

Welcome to the Queen of the Boulevard – a distinguished custom built 

residence. Some special features include rich hardwood floors, Venetian 

plastered walls, gourmet granite and stainless kitchen, wine cellar and an 

elaborate backyard with waterfall and outdoor dining area. This unassuming 

residence is a pleasure to show. 

$1,468,000 

$1,199,000 

3420 Anne MacDonald Way 

New luxurious ‘Noort’ residence exquisitely built with top quality craftsmanstyle 

finishing. Spacious open living room, dining room combination 

featuring vaulted ceilings, a beautiful stone fireplace mantle, wet bar, family 

and media rooms, a main floor office, and stately French doors open to 

spacious decking. 

2215 Riverside Drive 

Breathtaking mountain, riverside home with a rustic flavor, created for 

entertaining. You will love the open concept with its high quality updated 

kitchen. This home is just steps to hiking, walking, biking and your very own 

river front hot spot. You can also enjoy your swimming pool and large deck. 

You have never seen a view like this. 

$1,189,000 

$1,049,000 

268 Montroyal Boulevard 

Custom built, 6 bedroom, executive home in prime Upper Delbrook location 

offering over 4,900 sq/ft on 3 spacious levels. This immaculate home offers 

a large open plan kitchen and family room, fully finished basement, outdoor 

patio area, double garage and south facing views to city. A tremendous value 

in this terrific neighbourhood. 

402 East 11th Street 

Don’t miss this amazing opportunity for an incredible Central Lonsdale 

property. Like two homes in one, this custom built house offers superior 

craftsmanship, finishing, and location. A beautiful 2 level, 2 bedroom 

legal suite in addition to the large well laid out main home, makes this an 

incredible mortgage helper with a beautiful curb appeal. 


$998,000 

$769,900 

2990 Dresden Way 

Located on one of the most desirable cul-de-sac’s in Blueridge, this 5 bedroom, 

3 bath, home has been incredibly well kept and updated throughout. 

Features include an open kitchen, vaulted ceilings, new floors, granite counters, 

and stainless appliances. This home also features a peaceful back yard 

with brick patio’s and a private deck off of the master. 

2555 Byron Road 

Upper Blueridge home. This south-facing lot presents beautiful curb appeal 

and rare access to a much desired neighborhood. This updated home offers 

an open kitchen with stainless appliances, granite island, hardwood floors, 

peaceful rear facing patio, downstairs rec-room and a renovated, large in-law 

accommodation. 

$554,900 

From $499,000 

1357 Fernwood Crescent 

Exciting. Starter or Reno project. This is hot and won’t last. It’s a cute little 

house in a great neighbourhood. This fantastic three bedroom Norgate home 

is on a prime, child and pet friendly street with an extra large south facing 

back yard. House renovated 10 years ago and needs a little TLC. This is a great 

little family home with potential. 

188 East Esplanade 

Two incredible assignment opportunities in the most anticipated project in 

Lower Lonsdale, The Pinnacle Pier Esplanade due to complete in June 2007. 

• Unit 1403, 2 Bedroom/Den, 2 Bathroom, 1194 Sqft, SE exposure $799,900 

• Unit 708, 2 Bedroom, 2 Bathroom, 952 Sqft, NW exposure $499,000 

$289,000 

$224,900 

38-1825 Purcell Way 

Updated condo with hardwood floors, lovely kitchen and much more. This 

large 2 bedroom and den condo shows like a dream. Gorgeous, peaceful 

greenbelt outlook, spacious open rooms and wonderful design. Priced for 

immediate action. Great tenants would like to stay. Investors and first timers 

welcome. 

115-140 East 4th Street 

Renovated 1 bedroom ground level suite with your own courtyard entrace. 

Features include open floor plan, large master bedroom, new hardwood 

laminate floors, private garden patio, in-suite storage and close proximity to 

Seabus and all other Lonsdale ammenities. Great value can be found in this 

well established, fun and central neighbourhood. 


VANCOUVER 

$3,188,000 

Vancouver Market Comment 

The three main areas of high rise condominium development in Vancouver 

are Bayshore, False Creek and Yaletown and each of these three areas have 

experienced great growth in both the number of new units constructed 

and in the sale prices during the year. According to Canada Mortgage and 

Housing Corp, new housing starts in Canada fell for the second month in 

a row in September 2006 and this trend follows the pattern set in the U.S. 

market. Cameron Muir, CMHC’s Senior Market Analyst states that builders 

and developers are hard pressed to continue the number of housing starts 

due to the limited supply of developable land and the shortage of skilled 

workers. Investment in condominium properties in Downtown Vancouver 

continues to be very attractive to home buyers. 

PH 1166 Melville Street 

Wrap around 360 degree views from this amazing Penthouse Suite in Orca 

Place. This 2 level over 5,000 square foot suite occupies the top two floors 

of the building with direct access from elevators right into the luxuriously 

appointed suite. Great Coal Harbour location close to Cardero’s, Marina and 

Downtown shopping. 

$1,568,000 

$879,000 

704-1650 Bayshore Drive 

Rarely available 04 suite with fantastic views of the Marina and Coal 

Harbour. With almost 1500 sq/ft of living space, this 2 bedroom suite boasts 

spectacular views from every room. This unit has top of the line finishing’s, 

Sub Zero and Bosch appliances, Granite countertops and is fully air 

conditioned not to mention a 24 hour concierge. 

402-1710 Bayshore Drive 

Experience Bayshore Drive at its finest! With amazing views of the Marina and 

Mountains, this rarely available 2 bedroom suite has it all, air conditioning, 5 

piece ensuite and a gourmet kitchen featuring granite countertops and top 

of the line appliances, concierge services and resort style amenities are just 

another bonus in this super building. 

$825,000 

$389,000 

TH 1-1650 Bayshore Drive 

Enjoy Coal Harbour in this seldom available 1100square/foot, 2 bedroom 

townhouse on the prestigious Bayshore Dr. comes complete with all the bells 

and whistles. The top of the line appliances, gas fireplace, private patio and 

a 24 hour concierge make this the place to reside. Just steps to Stanley Park, 

the Marina and other beautiful amenities. 

2207-928 Beatty Street 

Fantastic1 Bedroom and den VIEW suite in “The Max”. Outstanding city, 

mountain and False Creek views boasting features of granite counters, insuite 

storage and an outdoor balcony. Enjoy the convenience of urban living with 

shops, grocers and business centers right at your door. A 65 foot indoor pool, 

gym, yoga room are some facilities offered. 


NORTH VANCOUVER 

CONNECTIONS 

California Closets 

We understand that your home is a place of individual beauty, refl ecting your 

lifestyle and personality. We offer a wide variety of confi gurations, surface 

fi nishes, colors, and thoughtful accent details that will integrate perfectly into 

your existing interiors. From simple and functional to elaborate and luxurious; 

from contemporary to timeless, California Closets will create a system that 

refl ects who you are and how you live. Call today for a complimentary in-home 

design consultation.

ARE YOU ON THE V LIST? - Virani Real Estate Advisors

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