Homes publication 03 20 14

HOMESBUYING& LIVINGNANAIMOS REAL ESTATE MAGAZINE || Thursday, March 20, 2014 || LISTINGS, GARDENING, DECOR, MAINTENANCE

Expect quality at Rockwood Estates

Every detail of these executive townhomes is exciting and attractive

FEATURED HOME

Page 2DETAILS

Make your cleaning green andyour home will look, smell greatTheres an arsenal of effective, pleas-ant-smelling and eco-friendly cleaning ingredients as close as the homeowners cupboard if you know where to look.

Page 7

For some homes on the market, remodelling is not the best moveA house thats outside the norm for a neighbourhood can hobble the owners when its time to sell. But not everyone should feel pressure to remodel.

Page 10

Starting fresh means buying a costly home and destroying itIn some upscale San Francisco Bay Area communities, homeowners are tearing down expensive home because theyd rather build from scratch than remodel.

Page 16

250.758.5524 gregnowik.com

CallCall 250-758-2270250-758-2270

FIRST MONTHFREE

and Use Our Truck to Move In!

Heated & Drive-Up UnitsMonitored SecurityFenced CompoundsEasy AccessPrepay DiscountsRent Pro-Rated on Move OutOpen Every DayMailboxes for Rent5 LOCATIONS IN NANAIMOwww.budgetstorage.ca

Rockwood Heights is about quality and detail.Set in a convenient location that has a rural fla-vour but is close to the citys downtown

These Executive townhomes are in a secluded pocket of lush forest but also close enough to the city, just off Rock City Road near the Lin-ley Valley greenbelt.

Rockwood Heights boasts a convenient central location with everything within a 10 minute drive: downtown, north end shopping, restau-rants, the hospital, library, grocery stores, a B.C. Ferry terminal and Vancouver Island University.

The Rockwood Heights townhome development by Hazelwood Home Building

of Nanaimo is the first of its kind.

The first phase of develop-ment encompasses the natural landscape in an environment-ally responsible manner while using the latest in quality design and techniques.

No detail has been spared in these architecturally designed homes which boast advanced geo-technical design engin-eering to the latest seismic standards.

The wide hallways, stairways

and personal elevators create a space that is functional and handicap attainable.

Hazelwood Home Building is an award winning developer and this is apparent as soon as one drives onto the property.

The southern exposure is a perfect backdrop for the equal-ity of construction of every component of the townhomes.

The exterior of the units are clad in Hardiplank and natural K2Stone accents. The low maintenance exterior and landscaping keeps the strata fees to a minimum and encourages a symbiotic rela-tionship with nature.

The units are designed with maximum energy efficiency for comfortable living.

They include forced air HVACs heating and cooling

standards. On demand gas fired hot water provides end-less temperature controlled hot water and Low-E smart glass windows save on energy consumption. The flooring is durable three-quarter inch Canadian made maple and the hemlock banister railings are West coast dried and kilned.

The Cambia Quartz counter-tops provide for maximum hygiene and everlasting beauty and the custom cab-inets are island manufactured by Studio Kitchens. Each unit has two and a half bathrooms with Kohler faucets, sinks and toilets. The ensuite has under counter lighting and heated tile flooring for comfort and convenience.

The Rockwood Heights Executive townhomes are

all state of the art including FTTH fibre optics technology for high speed voice, data and video feed.

Rockwood Heights is situat-ed in a secluded pocket of lush forest within city limits.

Come and experience our island lifestyle; you may never want to leave.

Prices start from just $462,200. To arrange a viewing please call Ken Williams at Remax of Nanaimo at 250-751-1223 or visit the sales office and tour the model home. Open Thursday to Sun-day from 1-4 p.m. and located at the corner of Ocean Pearl Road and Barrington road Nanaimo.

Advertising Feature by D. Bennett

FEATUREDHOME

Rockwood Heights is all about the qualityRockwood Heights is all about the qualityConvenient to amenities, no detail has been spared in the construction of these executive townhomes

This townhome development is the first of its kind in Nanaimo, constructed with the latest in quality design and techniques and built in an environmentally responsible manner.

For more informationCall Ken Williams at Remax of Nanaimo at 250-751-1223 to arrange a private viewing.

2 | HOMES THURSDAY, MARCH 20, 2014

THURSDAY, MARCH 20, 2014 HOMES | 3

Rockwood Heights executive town homes are situated in a 38-acre pocket of wilderness within city limits, just 10 minutes from downtown. The lush forest is at your back, and every luxurious feature, from personal elevators to floor-to-ceiling windows makes life more beautiful. Move-in-ready, these 2 bedroom, 2 baths, nature setting town homes are exquisitely finished with you in mind. Come experience the lifestyle that is meant to be lived on the Island. Pricing starting from just $472,200.

An Ideal floor plan. Executive finishes. Maintenance-free exteriors.An Ideal floor plan. Executive finishes. Maintenance-free exteriors.Every convenience imagined. Its a refined life at Rockwood Heights.Every convenience imagined. Its a refined life at Rockwood Heights.

NEW HEIGHTS IN NATURAL LIVING

Visit our sales centre and tour the model home.

NOW OPEN FRIDAY-SUNDAY 1-4 PMFor an appointment during the

week call Ken Williamsat 250-751-1223

Located at the corner of Ocean Pearl Terrace and Barrington Rd.

Nanaimo, BCwww.rockwoodheights.com

NOW

SELL

ING

PHAS

E 3


SANDY HARPER OF NANAIMOAMBLEWOOD VILLAGE

Features 1425-1810 sq. ft. 2 bedrooms 2 or 3 full bathrooms All homes have den or

family room 4 S/S appliances Fireplace Double garages

$356,900 $376,900Located off Rutherford Road - Across from Nanaimo North Town Centre

CONVENIENT NORTH END LOCATION

FINAL PHASE UNDER

CONSTRUCTION

3 HOMESREMAIN

Of ce: 250-751-1223Fax: 250-751-1300Email: [email protected]

2124 sq. ft. 4 bedrooms, 3 bathrooms Gas furnace & replace In-law suite

$399,900

IMMACULATE LEVEL ENTRY3437 ELLIS PLACE

4.5 - 7.24 acres Drilled wells All lots unique 1 lakefront Off Nanaimo River Road

$229,900-$299,900

3 ACREAGESLOTS 1, 4 & 5 HEATHER WAY

Aquilla Estates 1594 sq.ft. Log Home 9.88 Acres 20x30 Detached Garage 1000+ sq.ft. deck

$639,900

VIEWS AND ACREAGE5005 AHO RD.

6 lots remaining Building scheme in place Area of ne homes 8,230-14,854 sq. ft. lots Quiet setting Will build to suit Builders terms available Borders Planta Park Short walk to ocean access

$179,900-$227,000

PARKSIDE ESTATESON STEPHENSON POINT

2572 sq ft, 6 years old 5 bedrooms 3 bathrooms Hardwood oors Fenced yard

$424,900

BACKS ONTO GREENSPACE2335 DODDS ROAD

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1656 CEDAR ROAD $179,900LARGE LEVEL ENTRY HOME with un nished basement on municipal water in Cedar. Some pond views from master bedroom, and character features such as hardwood oors in the main living.

541 PRIDEAUX STREET $159,900OLD CITY QUARTER RANCHER with 630 square foot power shop and alley access. Great way to get into the market or have as a holding property.

309 MT. ROYAL PLACE $559,000BREATHTAKING PANORAMIC OCEAN VIEWS. 7 bedrooms, 4 bathrooms, 3200 sq. ft. home on a quiet cul-de-sac in College heights. 4 bedroom suite or large family home within walking distance to VIU and Westwood Lake - a must see!

#49-3449 HALLBERG $79,900QUIET PET FRIENDLY PARK complete top to bottom quality renovation. 2 bedrooms, 2 bathrooms, separate workshop/storage and more.

8.99 ACRE PROPERTY BORDERING THE MILLSTONE RIVER in the desirable Jingle Pot area. This very private rural property offers a main home as well as a second home. The property is cross fenced and ready for your animals and the ground is perfect for gardening!

4043 UPLANDS $279,500THREE BEDROOM FAMILY HOME with two bedroom suite. Great mortgage helper. New paint and bathroom. Newer appliances, ooring and pellet stove. Best Deal!

MARINA VIEW PENTHOUSE $469,000RIGHT ON THE SEA WALK, enjoy this 1,600 sq. ft., 2 bedroom + den penthouse with vaulted ceilings, skylights. Gorgeous views from all windows! 2 parking stalls and no age restriction

3757 SUNDOWN DRIVE $699,000THIS CUSTOM BUILT LEVEL ENTRY HOME will amaze you. The panoramic ocean views of Neck Point and Pipers Lagoon are some of the best you will ever see. If you are looking for luxury living with high end nishings this home is for you.

274 PRINCESS STREET $199,9002 BEDROOM, 1950S RANCHER. New roof, all new drainage, new bathroom, ocean glimpses!!! BEST Value on the market. 800 sq.ft. shop + many updates.

2140 SPENCER ROAD 4 BEDROOM, 3 BATHROOM FAMILY HOME on .4 acre lot Central Nanaimo.

2562 DEPARTURE BAY ROAD $159,000DEPARTURE BAY ground level unit in Seascape Manor. Bright corner unit with 2 bdrms, large living room, many updates throughout. Master bdrm has a walk-in closet. Enjoy the amenities of Seascape, incl. outdoor pool, exercise room and hot tub, enjoy the ocean views from the pool area. Well priced.

6439 RAVEN ROAD $649,900A PERFECT PICTURE of architectural elegance and clean classic west coast design, this 2600 sq. ft., 3 bed., 3 bath custom built level entry home offers the utmost in tasteful nishing and modern conveniences. Features

include: indoor sprinkler system, high end window coverings, in-ground irrigation, large heated crawl space, hardiplank exterior, granite countertops and hardwood ooring.

SOLDSOLD


WE SHOP YOURMORTGAGE FOR YOU!

Purchases Re nances Renewals CommercialLeasing Revenue Properties Construction Loans

2101A Boundary Ave., Nanaimo, BC V9S 4P4(Across from Woodlands High School)

Kim Strynadka 250.729.3890

kimstrynadka.ca

Rhonda Brown 250.751.5434

rhondabrown.ca

LeeAnn Mitchell 250.667.3567

leeannmitchell.ca

Don Stewart250.668.2506

donwstewart.ca

Bill Fraser250.739.3837

bfrase.com

Katie Hommy250.619.0939

katiehommy.ca

Elaine Peligren250.816.3130

elainepeligren.ca

3 or 5 Year VariablePrime less 0.55% o.a.c.

(Currrently 2.45%) Call for details

Your home is the biggest

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Ask us about Real - Advantage, a homeowner insurance programme that offers special rates to careful, responsible people.Call us, your independent broker, for a free quote today.

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If your home were wiped out, what would you do?

Nanaimo: #2-4180 Isl. Hwy. North 250.585.2950Parksville: #104-191 Jensen Ave., East 250.586.2950

Ralph Galer

The homes owners are running a BED & BREAKFAST 7 bedrooms with each b/r having its own private bathroom. The 8th bathroom is conveniently located on the main oor Ocean View and ALso Ocean front!! PRIVACY ASSURED with 6.5 acres of original forest Warehouse space available for the home owners business inventory Expansion is good, you have the ability to build a 2nd large residenceNOW IS THE TIME TO CALL Ralph Galer At Your Service of ce 250-751-9830

Love to play with your hobbies? 350 sq ft workshop for your hobby clean low maintenance 2 bedroom

home

Yes it has a family room located in a quiet modular parkAsking $194,700

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At Your Service250-751-9830


1905 Wilfert Road, Nanaimo 250-758-6969 or 1-866-758-7575

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Saturday 9:30am - 5 pm

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Cleanup can be a green experienceMany homeowners are looking for natural cleaning products, but you can make many in your own kitchen

MEGAN COLE THE CANADIAN PRESS

When it comes to the cleaning products in Jill Doucettes home she has one basic

rule she should be able to eat or drink all ingredients in small quantities.

Doucette, founder of Victorias Synergy Enterprises, doesnt use conventional cleaning products, which often contain chemicals and toxins; she uses household items like baking powder and white vinegar.

There is a huge amount of packaging waste with store-bought cleaners, she says. Many of these are also predilut-ed to the right ratio and quantity, which means the consumer is buying mostly water and access-ible plastic.

With a greater focus on green and natural cleaning products, both for the good of the environ-ment and for personal health, more homeowners are looking for alternatives, which can often be found in their cupboards.

Melissa Maker, Toronto clean-ing expert with Cleanmyspace.com, says homeowners have a great arsenal of green cleaners in their homes.

They just need to learn how to use them.

There are lots of little things you can do, she says.

Its good to know that upon research you can figure out different recipes for cleaning products.

Great cleaners can include everything from run-of-the-mill dish soap to white vinegar, bak-ing soda, coarse or kosher salt, lemon, cream of tartar and even vodka.

Maker says dish soap can be used in a variety of ways.

When combined with water, it can be used as an all-purpose cleaner.

To create an all-purpose disin-fecting cleaner, she recommends combining 250 millilitres (one cup) of water, 125 ml (1/2 cup) of rubbing alcohol and a couple squirts of dish soap.

To polish stainless-steel appli-ances, Maker says a combina-tion of one part rubbing alcohol and one part water used with a microfibre cloth will effortlessly remove fingerprints.

A drawback to making your own cleaners is often they dont have the fragrances many people enjoy, but Katie Pearse, co-owner of Edmontons Green Clean Squad, says introducing essen-tial oils to your homemade clean-ers adds natural scents.

In general I think youll find

cleaning is more enjoyable when you arent using poisonous prod-ucts, she says.

It smells better too, and I actually have a lot of fun eco-friendly cleaning because the products are quite beautiful and they smell so good because they are using essential oils.

Even though there are many options for creating green clean-ers at home, there are also sev-eral products on grocery store shelves that embrace greener, eco-friendly values.

According to Pearse, people should exercise caution when buying products because there is a lot of green washing when it comes to household cleaners.

She says companies are using green washing to cash in on the trend toward green without meeting eco-friendly standards set by regulators.

There are certification pro-grams, one is called the Eco Logo program, and that is basically a third party that will approve things that are truly eco-friend-

ly, she says. There is a lot of green washing out there. We kind of laugh at some of what wesee on the shelves that obviously dont meet what our definition of what eco-friendly green cleaning is. There are quite a lot of good green products.

If you do a little bit of research and look at the labels you can see the Eco Logo stamp of approval on quite a few prod-ucts. You really dont have to go out of your way to get those products.

Melissa Maker, cleaning expert, says cleaning green is as easy as opening your cupboard and using items like coarse salt, baking powder, lemons, olive oil and a toothbrush. [THE CANADIAN PRESS]


i l l u m i n a t i o n s b c . c o m4300 Wellington Road 250-756-3614

I L L U M I N AT I O N S L I G H T I N G S O L U T I O N S

NANAIMO

Welcome Spring Right... do it with Light

Hurry in for the Best Selection

#4078AP Reg. $278

#MX2378 Reg. $619

$$6969$$539539

$$169169 $$199199

$$169169$$189189

$$419419$$120120

$$4949 $$4848

#42008PN Reg. $386

#745703BCH Reg. $205

#SC634 Reg. $282

#914295CH Reg. $278

#BV9T11015 Reg. $85 #SC206 Reg. $1125#BV3119015 Reg. $99 #334703BCH Reg. $98

SaleBlue Ribbon

SavingsThroughout


Spectacular Ocean View Condo!2 Beds + 2 Den Areas, 3 Baths, 1,637 sq.ft., Vaulted Ceiling, Fireplace, Large Deck, Swimming Pool, Hot Tub, Exercise Room, Sauna, Excellent Building, Great Location, Walk to Beach and Shopping. Buyer Friendly, Hurry Act Now!

Ext. 2221 or visit www.chris-martin.caTo view please call Chris Martin at 250 616-1996

Great Condo! Great Price!2 Beds, 2 Baths, 1,050 sq. ft., Many Updates, Stainless Steel Appliances, NG Fireplace, Open Floor Plan, Covered Parking, Secured Entry, Child & Pet Friendly, Hurry! Act Now!


1440 White St.1440 White St.

Central Nanaimo Home! Great Location!3 Beds, 2 Baths, 1,862 sq.ft, .17 Acre, Renovated, Master Bedroom on Main Level, Huge Private Patio, Fully Fenced No Through Road, Walk to Schools, Parks & Bus Service. Call now!


1292 Gabriola Dr.1292 Gabriola Dr.


Amazing Craig Bay Estates Townhome 3 Beds + Den, 3 Baths, 3,027 sq. ft., Double Garage, Hardwood Floors, Fabulous Kitchen, Granite Counters, Upgraded Appliances, Open Floor Plan, Large Rooms, Private Patio, Pet Friendly, Carefree Strata Living with Swimming Pool, Hot Tub, Tennis Courts, Work Shop, Clubhouse & Walking Trails, Close to Shopping, Golf and the Beach, Hurry, Act Now!

Upper Lantzville Family Home!4 Beds, 3 Baths, 1,727 sq.ft., .33 Acre, Municipal Water, Thermal Windows, Wood Fireplace Insert, Spacious Rooms, Large Rear Deck, Garage, RV Parking, Huge Flat Yard. Hurry, Call Now!

6820 Harwood Dr.6820 Harwood Dr.


345 Newcastle Ave.345 Newcastle Ave.

Downtown Nanaimo Waterfront Home! Spectacular view! Two bedroom suite!

R8 Medium Density ResidentialGreat investment opportunity. 3,521 sq. ft., .20 Acre, 5 Beds, 3 Baths, Hardwood Floors, Cathedral Ceilings, Floor To Ceiling Windows, 2 Bed. Suite, Separate Laundry, Private Entrance, Double Garage, Enormous Decks, Call Now! Ext. 1051 or visit www.chris-martin.caTo view please call Chris Martin at 250 616-1996

$999,900 $414,900

$284,900

Cell (250) 616-1996Bus (250) 751-1223 Fax (250) 751-1300Email [email protected] www.chris-martin.ca

PERSONAL REAL ESTATE CORPORATION

Thinking of Buying or Selling?Find out why more Buyers and Sellers recommend Chris Martin!Please call for a FREE, No-Obligation Market and Home Evaluation Cell: 250.616.1996

Free Recorded Home Information 24 Hours a Day

Call Toll-Free 1.800.897.7549Then Enter Extension Number to Hear a Property Description

423-2562 Departure Bay Rd.423-2562 Departure Bay Rd. 211-4965 Vista View Cr.211-4965 Vista View Cr.

$239,900 $194,900

$274,900

33 Ranchview Drive33 Ranchview Drive

$464,900

Chase River Home! Two Bedroom Suite!6 Beds, 4 Baths, 2,869 sq.ft., Open Floor Plan, Remainder of 10 yr. warranty, Beautiful water & Mountain View, Double Garage, Low Maintenance Landscaping, NG Fireplace, Built-In Vac, Spectacular Media Room, Large Master Bedroom, Ensuite, RV Parking, Walk to Schools & Park, Call Now!


5769 Garnet Pl.5769 Garnet Pl.

$384,900

North Nanaimo Patio Home!No Stairs!

2 Beds + Den, 2 Baths, 1,550 sq. ft., No Through Road, Remainder of 10 Yr. Warranty, Hardwood Floors, Open Floor Plan, NG Fireplace, NG Forced Air Heat, Huge Rear Deck, Hardi Plank Siding, Double Garage, Crawl Space, Walk to Parks, Bus Service & Shopping. Hurry Call Now!


Though gardeners might not be able to start planting their gardens in late winter or early spring, they can still get outside and take steps to ensure their gardens thrive once planting season begins.

Get into the garden as you wait for springMETRO

As winter slowly winds down, many gardeners cannot wait to soak up the springtime sun and get their hands dirty in the garden. Such excitement is not just good for gardeners, but can benefit the garden in the months to come as well.

Late winter or early spring is a great time to get a head start on the gardening season. Even if gardening season is still around the corner, completing the follow-ing projects can ensure your garden gets off on the right foot.

Clear debrisOne of the best things you can do for

your garden as winter winds down is to clear it of debris. Winter can be especially harsh on a landscape, and gardens left to the elements are often filled with debris once spring arrives. Dead leaves, fallen branches, rocks that surfaced during the winter frost, and even garbage that might have blown about in winter winds can all pile up in a garden over a typical winter. Clearing such debris likely wont take long, but its a great first step toward restoring the garden before the time comes to plant and grow the garden once again.

Examine the soilSoil plays a significant role in whether

a garden thrives or struggles. Examining the soil before the season starts can help gardeners address any issues before they plant. Ignoring the soil until a problem arises can turn the upcoming gardening season into a lost opportunity, so test the soil to determine if it has any nutrient or mineral deficiencies. This may require the help of a professional, but if a prob-lem arises, you might be able to adjust the acidity or alkalinity of the soil and still enjoy a successful gardening season.

Another way to examine the soil is less complex but can shed light on when would be a good time to get back to work. Reach into the soil and dig out a hand-ful. If the soil quickly crumbles, you can start preparing for gardening seasoning. But if the soil is still clumped together, it needs more time to dry out before you can begin your prep work.

Initiate edgingEdging is another task gardeners can

begin as they get ready for the season. Edge plant and flower beds, but be sure to use a spade with a flat blade or an edger designed to edge flower beds. Such tools will cut deep enough so grass roots that may eventually grow into the flower bed are severed. Depending on how large a garden is, edging can be a time-consum-ing task, so getting a head start allows homeowners to spend more time planting and tending to their gardens once the season hits full swing.

Fight weedsThough weeds likely have not survived

the winter, that does not mean they wont return once the weather starts to heat up. But as inevitable as weeds may seem, homeowners can take steps to prevent them from turning beautiful gardens into battlegrounds where plants, flowers and vegetables are pitted against unsightly and potentially harmful weeds. Spring is a good time to apply a pre-emergent weed preventer, which can stop weeds before they grow. Though such solutions are not always foolproof, they can drastically reduce the likelihood of weed growth.

Though gardeners might not be able to start planting their gardens in late winter or early spring, they can still get outside and take steps to ensure their gardens thrive once planting season begins.


Rosalie [email protected]

1600 Duff erin Cres.$124,800 One bedroom One Bathroom Well managed, well maintained building Walking distance of the hospital, the new Country Grocer,

VI Fitness for Women and the Buzz Coff ee Shop. Centrally located - minutes away from Vancouver Island

University, Old City Quarters and downtown. Outside parking is included in the strata fee. Quick possession Owner will sell with furnishings.

504-1155 Resort Way$120,000 One hundred percent ownership at Tigh Na Mara This is your opportunity to invest and make money while

still having a place to stay for 180 days of the year for YOU and your immediate family.

First class waterfront resort Located steps from the world famous Grotto Spa

BUILD YOUR DREAM HOME HERE!BUILD YOUR DREAM HOME HERE!453 Nottingham Drive453 Nottingham Drive

$$179,900179,900

HOMEOFFICE BUILDING

$350,000

Built in 2005 4 or 5 office spaces 3 garage bays Large parking lot R1 zoning Bowen Road Corridor

Remodelling no panacea for home sellersMARILYN KALFUS THE ORANGE COUNTY REGISTER

Nancy and Thomas James Dana Point, Calif., home has expansive ocean views, four bed-rooms, a wide deck for entertain-ing, solar paneling even an elevator. But until recently, the 3,258-square foot house now on the market for $2.29 million lacked something basic. It had just one bedroom closet.

That setup had suited the Jam-eses just fine. Over the years, the couple tore out closets to repur-pose bedrooms they werent using. Thomas and Nancy James, both chiropractors, werent focused on whether that could be a stumbling block to a sale someday.

Without closets, though, the rooms could not be counted as bedrooms, prompting their list-ing agent to observe, You do realize this is a really expensive one-bedroom home?

A house thats outside the norm for a neighbourhood can hobble the owners when its time to sell. Some real estate agents and appraisers, however, say many sellers these days feel too much pressure to remodel even standard homes, whether its because of popular TV shows and flashy home design websites, or because friends or agents rec-

ommend it when its not really needed.

In the case of most homes being readied for sale, You shouldnt remodel the home, said Mac Mackenzie, an agent at Coldwell Banker Residential Brokerage in Irvine, Calif. People (looking to sell) are paying too much atten-tion to television, and theyre not getting the proper evaluation.

The value of real estate depends on the location, market segment and cycle, said apprais-er Steven R. Smith of Redlands, Calif., who has conducted appraisals of homes in the Los Angeles area and throughout the

U.S. over his more than 30-year career.

The exact same (remodeling) money spend in the wrong loca-tion or market segment may not be recaptured, while in the right location or market segment it may be more than recaptured, said Smith, who has evaluated such homes as a 249-acre Rancho Mirage, Calif., estate with an 18,400-square-foot main house and its own 19-hole golf course. Software billionaire Larry Elli-son snapped it up three years ago for just under $43 million.

Many houses about to go on the market could use clean windows

and perhaps carpet and paint. Maybe a new roof and some other repairs.

Even contractors find them-selves pushing back on home sellers urge to upgrade.

Paul Paniagua, owner of All Pro Builders in Fullerton, Calif., said hes persuaded people about to put their homes up for sale not to remodel, even if their agent suggested it.

I try to talk them out of it, Paniagua said. He tells home-owners, Why dont you put the house up on the market for what youre asking for and see what type of offers you get? If youre absolutely being low-balled and truly believe its the kitchen, we can talk about some things we can do.

He added, Some people can just throw a countertop on and thats night and day.

Often times, homebuyers are looking for the total package a home with modest upgrades throughout, said Ryan Lun-dquist, a Sacramento, Calif., appraiser who writes about the housing market. A gleaming new kitchen certainly can help sell a home, he said. However, a kitchen remodel is also one of the most expensive remodels and ... the resale market may not be willing to pay that much.

The layout of the house,

though, matters greatly though, too, and has to be right, he said. Otherwise a (new) kitchen that comes with the rest of a house that does not work is really not all that desirable.

Making unnecessary re-dos before a sale can sabotage it in another way, Mackenzie said.

While youre in the middle of aremodel you probably shouldnt be doing, you could lose the sale of your home to someone who comes and buys one around the corner, he said. In most cases, its not worth the risk.

The Jameses recently finished restoring three-bedroom closets and they did so at Mackenzies suggestion. The home was an exception to the advice he usu-ally gives about remodeling right before a sale. But without enough bedrooms, the residence wouldnt sell for the best price.

The restoration was among the latest remodeling changes that the couple, who have two grown children, made to the house through the years.

All along, said Nancy James, We were upgrading for us and for selling the home. Her rule of thumb for those who want to make changes with an eye toward an eventual resale: Dont be afraid to go in and fix itup. Get a little unique. But dont go crazy.

Nancy and Thomas James found a lack of closet space a stumbling block to selling their large home by the beach. [MCT]


AdamPaauweCell: 250.716.6730 Email: [email protected]

Adam PaauweCell: 250.716.6730 Email: [email protected]

View more information and photos for these homes at: www.adampaauwe.com

New Homes for Sale inNew Homes for Sale in Nanaimo, Parksville & French Creek

4854 Vista View Crescent, Nanaimo3 bedroom, 2 1/2 baths, bonus room, den. 2798 sq, 9 ceiling main oor, heat pump, replace, crown molding, hardwood ooring, granite countertops.

Lot 1, Vista View Crescent, Nanaimo3 bedroom, 3 baths, bonus room, den. 2919 sq, 9 ceiling main oor, heat pump, replace, crown molding, hardwood oor-ing, granite countertops.

998 Sanika Close, French Creek4 bedroom, 3 baths and HUGE bonus room. 2625 sq. ft., open great room, 9 ceiling on main oor, gas furnace, replace, crown moulding, built in vacuum, tandem garage, landscaped, fenced backyard.

961 Sanika Close, French Creek5 bedroom, 3 baths and big bonus room. 2625 sq, great open room, 9 ceiling on main oor, gas furnace, replace, crown moulding, built in vacuum, tandem garage,landscaped, fenced backyard.

974 Sanika Close, French Creek5 bedroom, 3 baths and big bonus room. 2625 sq, open great room, 9 ceiling on main oor, gas furnace, replace, crown moulding, built in vacuum, tandem ga-rage, landscaped, fenced back yard.

Nanaimo & Parksville New Homes For Sale

French Creek New Homes For Sale

$579,900

$419,900

967 Sanika Close, French Creek5 bedroom, 3 baths, and big bonus room. 2698 sq, open great room, 9 ceiling on main oor, gas furnace replace, crown mouldings, built in vacuum, landscaped, fenced.

$419,900

SOLD

992 Sanika Close, French Creek4 bedroom, 3 baths and HUGE bo-nus room. 2625 sq. ft., open great room, 9 ceiling on main oor, gas furnace, replace, crown moulding, built in vacuum, tandem garage, landscaped, fenced backyard.

SOLD

SOLD

SOLD

955 Sanika Close, French Creek1720 sq. ft. rancher, 3 bedrooms, 1 den, 2 bathrooms. This beautiful executive home has 3 bedrooms and a front of ce den.

$409,900


$419,900


$419,900

NOW SELLINGNOW SELLINGCedar Ridge Estates

10 NEW EXCITING RANCHERS1400-1750 SQ. FT.

3 bedrooms or3 bedrooms and a bonus room

Beautiful Mountain viewsCity of Parksville

Starting at$359,900

Real Estate Specialist for Nanaimo and Central Vancouver Island.


CLEM REMILLARD 250-616-6759

JANE GARCIA 250-716-7001LORI BROTHERS 250-758-7653

CINDY BURROWS 250-245-0545

SHARRY CURRY 250-758-7653

RETIRE AND ENJOY LIFE!Quick possession is possible in this immaculate 2 bed-room home. Freshly painted! Attached workshop for the handyman. Nicest park in Nanaimo. 1 small pet okay.#32-1169 Morrell Circle

JEN STANGER 250-758-7653

CONTACT ME IF YOU CAN HELP.DAVE HITCHCOCK 250.755.9629

NICOLE TA 250-716-7001

WEST COAST TRADITIONAL IN ROCKY POINT

Ocean views, detached office, B & B potential.www.finelytailoredliving.com

REG WARREN 250-758-7653

TODD SANDERSON 250-758-7653

DAVID HAYWARD 250-758-7653 TRACEY TAYLOR 250-758-7653

GAIL SJOSTROM 250-758-7653

REG WARREN 250-758-7653

$89,900

LORI BROTHERS 250-758-7653LORI BROTHERS 250-758-7653


LUXURIOUS CONDOGround floor, corner unit in Longwood Development. 2 parking stalls.

JAMIE KER 250-619-4233$262,500

AQUILLA ESTATESSerene surroundings, spacious custom rancher, open plan, one level home on 5 acres, 3 bedrooms, over 2000 sq. ft., double garage plus a separate 30 x 20 shop. Beautiful landscaping, nows your time!

LORNE GAIT 1-866-315-0545

Amazing ocean views in this home. $20,000 worth of interior upgrades including paint, floors, counters, back splash, lights, washer and dryer and stainless steel kitchen appliances give this 2 bed and 2 bath Townhome an edgy contemporary look.

2035 HEALY ROADA beautiful 2700 sq ft level entry home with a finished walkout basement. Offering 4 bdrms, 4 baths, double garage, situated on a quiet cul-de-sac and featuring granite throughout. Built in late 2010 with New Home Warranty, high end appliances & very private.

WATERFRONT ACREAGE IN TRANQUIL YELLOW POINT!

1.55 acres of pristine low bluff waterfront is waiting for your dream home. Located in a protected cove with beautiful ocean views of Stuart Channel. $499,900

FANTASTIC LOCATION AND VIEWSFrom this 4 bdrm., 3 bath, home which has suite potential. Perfect size for a family or retirees wanting room to expand. Workshop in house for the handyman. The private back yard and fruit trees are a bonus in such a central location. Great schools in this area and very accessible to recreation.

$549,500

NEW LISTINGSunny southern expsosure overlooking the lake. 2 bed-room, 2 bathroom located conveniently a short stroll to Thriftys.

LORNE GAIT 250-618-0680

OCEAN VIEWSSpacious and bright, 3 bedroom split level townhome with great views. Very convenient to Downtown, theatres, cafes and all amenities.

ROY PRZADA 250-758-7653 GREG BUCHANAN 250-245-0545

LORI BROTHERS 250-758-7653

CLOSE TO THE UNIVERSITYWell maintained split entry home with 1900 sq. ft., 4 bedrooms and 3 bathroom. Private fenced yard, distant ocean/mountain views. Close to college.

$264,600

LORI BROTHERS 250-758-7653

1/2 ACRE WITH OCEAN VIEWS!Semi waterfront siding on a park sit this fabulous west coast inspired home with over 2700 sq. ft., 4 bedrooms, 2.5 baths and spectacular views. 100+/-feet to walk-on beach. North Nanaimo!

$234,900 $399,900

$499,900

Thoroughly renovated large 2 bdrm. mobile home in country setting but near to Town of Ladysmith. This home has a very private back yard with great country views. Pad rent will be $389 per month. Call Lorne for a viewing at 250-245-0545.

$69,900

$162,500

A BIRDERS SANCTUARYAlmost 1800 sq. ft. modular home in peace-ful setting. 3 bedrooms, plus den and family room and sunset views.

$299,900

CLEM REMILLARD 250-616-6759

FRESH TO THE MARKETGreat family home on big lot, newer roof, siding and maple kitchen. Huge deck, one bedroom suite. Garage too.

$319,900

OCEAN VIEW MAIN LEVEL ENTRY3,222 sq. ft. home. 4 bdrms., 3 baths, many upgrades include remodeled ensuite, 2 new furnaces, new kitchen, countertops, new bath shower down, faucets and much more. $524,500

WOWGreat family home in Diver Lake area, 4 bedroom, 2 baths, quiet, private and nice and clean. Backing onto creek, large yard.

2698 Beaver Creek

472 RESOLUTION PLACE-LADYSMITHGreat layout, fantastic price, excellent location! 4 bedroom, 2 bath home, 1725 sq. ft. and only minutes to downtown Ladysmith or Transfer Beach, less than 15 minutes to Duke Point Ferry Terminal, Nanaimoor the airport.

$239,900 $349,900

CHARMING CHARACTER HOMECharming 2 bdrm character home. This house has been impeccably maintained and features classic wood floors, cove ceilings and a beautiful kitchen with wooden cabinets. Spacious and fenced backyard with deck, fruit trees & a wired shop.269 Machleary Street.

2 HOUSES, 1 ACRESituated at end of quiet country road. Two 3 bedroom houses with one completely redone. One needs some work but has a 1 bdrm. suite.

GREG BUCHANAN 250-245-0545$340,000

Great design, amazing location and excep-tional quality, this 1755 sq. ft. three bed-room rancher is nestled on one of Nanaimos quietest and most attractive cul-de-sacs - Stonewood Place. This beautiful home fea-tures all the comforts - a spacious kitchen with a huge island to work on, a large pantry, high quality laminate floors, double car garage with a lengthy driveway, landscaping, tasteful paint and finishing, gas fireplace & covered patio...the list goes on. Within walking dis-tance to Rutherford Mall, schools and Long Lake Park.4350 Stonewood Place

$424,900TOM MUNRO 250-758-7653 LORI BROTHERS 250-758-7653

OCEAN VIEW!Totally renovated and updated 1 bedroom, 1 bathroom condo. Must be seen to be appreciation! Quiet building, underground parking, elevator and just a block from the Seawall. $157,900

PAIGE MANNS 250-758-7653

BEAUTIFUL BRAND NEW HOME IN CENTRAL NANAIMOQuality craftsmanship throughout this well-built family home. Home warranty included. Same day showings guaranteed.1186 St. Patrick Cres. $342,900+GST

PAIGE MANNS 250-758-7653

ADRIANNE MEYER 250-752-3375

DAVID HAYWARD 250-758-7653DAVID HITCHCOCK/ROB BOYLE 250-758-7653$599,000

2 HOMES IN PARADISEBeautiful hideaway, just off the beaten track within minutes of Englishman River Park. Both homes have many updates and the acreage has over $100,000 in landscaping done. Call Rob orDave for details.

COMMERCIALHIGHWAY FRONTAGEFenced & paved lot with small office. DT12 Gateway zoning. Excellent value & opportunity.

Beside MGM Restaurant

265 Nicol Street

ONLY $139,000

BEAUTIFUL BRIGHT DOWNTOWN CONDOOpen concept living in the 2 bedroom condo. Within walking distance to all amenities downtown. Graet place to call home. Call for viewing.104-240 Milton Street $149,000

411 SUMMIT DRIVEPrivate 2,800 sq. ft. home offers 5 bdrms., 4 baths & in-law suite. Main floor has an open kitchen concept with s/steel appliances & walk-in pantry. Spacious living room & dining area are great for entertaining. Lovely large deck outside back-ing onto green space for more privacy. Desirable area, close to amenities & includes RV parking. $489,900

OPEN H

OUSE

SAT. 1-3

PM

PRICE!!!DOUBLE WIDE

MOBILE!Fantastic opportunity to own this mansion sized home with 2 large

bedrooms, 2 full baths, sunroon, rec room, office, laundry, wine room,

pantry or cold storage, work gardens. Assessed at $101,000 now $49,900.

#120-5854 Turner Road Woodgrove Estates

250-758-7653

Real Estate Re-designedMarilee Krogel 250.667.4970

COMPLIMENTARYCOMPLIMENTARYHome Dcor Consulting when you list or buy with me!

What are you waiting for? Call me Today!

RANCHER CLOSE TO RUTHERFORD MALL

SOLDSOLD

Great investment, big lot, 2 separate meters, $1,775 total income per month. Investor or first time buyers call me for more.

$279,900

250.758.7653 NORTH250.716.7001 DOWNTOWN250.245.0545 LADYSMITH

coastrealty.com250.758.7653 NORTH250.716.7001 DOWNTOWN250.245.0545 LADYSMITH

coastrealty.com

$235,900

NEW HOUSEWITH SUITE

Brand new fully finished home in the quiet cul-de-

sac of Hawthorne Heights. 3 bedrooms up, 2 bedroom

suite down. Large lot!

DAVE HITCHCOCK 250-758-7653

KNIGHTSBRIDGELovely bright wheelchair accessible 2 bedroom, 2 bathroom unit in the heart of the Old City. No Rentals. Pets OK. Contact me for further details. $219,900

JIM BALLARD 250-753-4070

SEMI WATERFRONT - PANORAMIC VIEWRight on Nanaimos fabulous Departure Bay with the proverbial million dollar view! 2 bedroom corner suite with 10 windows. Awesome, dont miss it!

$209,900JIM BALLARD 250-753-4070

AN OUTSTANDING TOWNHOMEThe freedom of strata living, the convenience of level entry. 1300 sq. ft. upscale living, 2 bedrooms, 2 luxury baths, just minutes to all north Nanaimo amenities. Unbeatable value!

$299,900

KEITH MAZURENKO 250-245-0545$564,900

TRANQUILITY, PRIVACY, QUALITYDeluxe shop, all just perfectly set up for a small hobby farm on a very quiet no through road. 3 bedrooms, 2 bathroom, 2,322 sq. ft.

KEITH MAZURENKO 250-245-0545$569,000

$172,200

QUALITY CONDO - HERITAGE QUARTER Preferred concrete and steel building Well appointed 2 bedrooom Pets and rentals allowed Top floor, partial oceanview sundeck

REDUCED TO

$118,000

INVESTOR OR 1ST TIME BUYER Bright spacious 3 bedroom, 2 bath Upper unit in a 4-plex building $7000 down, $630 per month Rent covers your mortgage

REDUCED TO

$249,900

SOLDSOLDATTENTION REALTORS &ATTENTION REALTORS &

FOR SALE BY OWNERS!FOR SALE BY OWNERS!

I have Buyers looking for a nice craftsman style home with a bright in-law suite, shop & RV parking on a half acre plus fairly private property anywhere in the Nanaimo Area up to $550,000.




250.758.7653 NORTH250.716.7001 DOWNTOWN250.245.0545 LADYSMITH

210 BAYVIEW AVE-LEGAL 4-PLEX4 legal suites with room for 2 more on lower level, this building has been well maintained by its original owner. Suites are approx. 1,000 sq. ft. 2 bdrm., 1 bath, bright and all have some ocean views. Plenty of parking at rear. On bus route. Easy walk to downtown shopping as well as TransferBeach. A great location. A great opportunity. $599,900

JILL DASHWOOD 250-245-0545

GREG BUCHANAN 250-245-0545

TOTALLY LIKE NEW3 or 4 bedroom home with a separate extra adjoining lot....that is fully fenced with small workshop and sunny southern exposure. House is priced less than recent appraisal and includes excellent water supply. $259,900

coastrealty.com

$319,900

BUILD YOUR DREAMS HEREThis is a 1.1 acre piece of land with a master plan! The 3 bay garage/shop is in, the living space above with open design and 1 bdrm plus nursery is finished and beautiful! There is a rental on the property with a wonderful tenant and the plans for the large home to be built are available too!

GREG BUCHANAN 250-245-0545

RANCHER / 1 ACRE3 bdrm rancher on 1 acre. Very private property, backs onto huge farm and is bordered by trees. House includes newer roof, interior paint and appliances.

NEEN NAZARUK 250-758-7653NICKLEN|ROY|MACKAY 1-888-954-4433

OCEANFRONT SPLENDORLuxurious 3,400 sq. ft. home on 1.084 acres offers 4 bdrms, 4 baths, 1 bed in-law or nanny suite & quality finishing, Jatoba hardwood flooring gourmet kitchen, floor to ceiling windows & radiant in-floor heating. Spectacular views. $1,788,000

3284 BLUEBACK DRIVESpectacular ocean views, southern exposed fenced yard & RV parking on 0.38 of an acre. Close to Fairwinds Golf Course & Schooner Cove Marina in Nanoose Bay. Some settling issues, great for handyman or builder. $369,000

NICKLEN|ROY|MACKAY 1-888-954-4433

$412,900

BLAINE FROATS 250-755-5959

NORTH NANAIMO CONDORutherford Pointe, 2 bedroom, 2 bath like new condition, rear view design corner gas fireplace, insuite laundry, all appliances included, recently redecorated extra large covered patio. Low strata fee underground parking. Located across from North Nanaimo town shopping centre. Immediate occupancy. $169,500


OCEAN VIEW LOTS, NORTH NANAIMO

Close to Stephenson Pointat Cottle Creek Estates.

Lot 22, 13132 sq. ft. 114 road frontage $149,900

Lot 5, 12,917 sq. ft. Ideal for level entry walkout $169,900

All underground services an area of high end executive homes.


AFFORDABLE BRAND NEW RANCHERSChase River Cowling Place custom crafted by Colwood Homes. 1401 sq. ft. great room, rear view design, high vaulted ceiling, skylights, maple shaker style kitchen with custom island. Corner gas fireplace, 2 full baths, 3 bedrooms, laminate flooring and carpeted bedrooms 2-5-10 new home warranty. Nearing completion. Immediate occupancy.Price plus GST.5 SOLD 5 LEFT $309,900


4180 ISLAND HIGHWAY OFFICE LEASE SPACEUnit #5-825 sq. ft. second storey, walk up 7.95 sq. ftUnit #3-1222 sq. ft. ground floor 16.95 sq. ft.Unit #4-1574 sq ft. ground floor, corner unit 17.95 sq .ft.Tenant improvements all completed, high end finish. Unit 3 & 4 can be combined to 2800 sq. ft. High exposure, unlimited parking, low triple net cost 7.11 sq. ft. Immediate occupancy.

SOLDSOLD

HOME WITH A SUITE - DIVERS LAKELocated in Heatherwood Hills Estates part of Diver Lake subdivision. This 6 yr old home offers luxury plus convenience with 3 bdrms on the main floor plus a legal suite downstairs. The kitchen area has a great room concept with vaulted ceilings, gas fireplace, dining area, & a center island. The kitchen cabinets are gorgeous as are the wood floor & tile work. There are 3 full bthrms & the bdrm closets all have organizers. Beautifully landscaped yard with a nice storage shed.

ROSANNA DUFFY 250-716-7001

OLD CITY QUARTERCharacter cutie! This 2100 sq. ft. home built in 1911 has 4 bedrooms, 2 baths and plenty of room for everyone. Bright and sunny kitchen/dining overlook the private .21 acre yard with fruit tree, perennial and vegetable gardens and pond. New roof, pellet stove and many new vinyl windows.

NEW LISTIN

G

Springis the busiest time of yearfor real estate.Looking to sell? Call one of our REALTORs

to help you with your real estate needs.

Vancouver Islands largest

independent Real Estate Company.

Supporting the Island economy 100% since 1984. People. Above All.

To fi nd an offi ce near you visit CoastRealtyNanaimo.com

Nanaimo North 4200 Island HighwayPhone 250-758-7653Toll Free 1-800-779-4966

Downtown Nanaimo 17 Church StreetPhone 250-716-7001Toll Free 1-888-716-7001

Nothing in this whole cockamamie world makes as much sense as a better place to live. Nothing.I have been helping Nanaimo families buy and sell since 1981...33 years. Thats longer than almost all of the currently practicingREALTORS in the Nanaimo area. At one time I was the youngestREALTOR serving in the Nanaimo area and although that distinctionhas long since passed I still count many of my rst customers asclients...and friends along with their now adult children...the next generation.This year marks the 30th anniversary of Coast Realty Group...the largest independent Real Estate Company on Vancouver Island and the Sunshine Coast. It also marks 30 years for me with Coast Realty Group...having started with the company the day the doors opened. If youre looking for homes and straight forward real estate guidance...with experience, stability and integrity whether its your rst home or your last I would be delighted to earn that op-portunity. It will be a move worth remembering.

T 250-758-7653 . TF [email protected] . 4200 Island Hwy, Nanaimo, BC V9T 1W6 . coastrealty.com

SOLDSOLD


Expensive homes torn down for fresh startPETE CAREY SAN JOSE MERCURY NEWS

Imagine paying $1 million or more for a home and then destroying it.

Thats whats happening in some upscale San Francisco Bay Area communities as home-owners and wealthy buyers have no interest in upgrading aging houses but instead want to start from scratch and build all-new custom homes stocked with the latest features.

While the demolition and rebuilding trend is heaviest on the Peninsula and the most afflu-ent parts of Santa Clara County, it extends to East Bay com-munities as well anywhere it makes more sense financially to tear down the existing structure and start fresh. That includes sought-after neighbourhoods with no vacant lots, where prices of small, aging 1950s-era houses have soared.

Interviews with architects, con-tractors and homeowners make clear that tear-downs are becom-ing more common. Were wreck-ing 3,000-square-foot houses and erecting 14,000-foot houses, said Hal Nelson of O. Nelson & Son excavating and demolition com-pany in Woodside, Calif. He said he has 20 tear-downs scheduled in nearby cities. Business was up 20 percent last year, and up 15 per cent in 2012, he said.

Last week, Nelson supervised the destruction of a 2,600-square-foot suburban rancher in Menlo Park, Calif., as owners James and Teresa Bergeron and their four children watched from across the street. As an excavators demolition claw bit into the roof, the Bergeron kids cheered. In the new house, theyll each have their own bedroom.

It started as a remodel, Ter-esa Bergeron said. We were going to add one more bedroom.

They lived in the house for two years trying to make it work. But after finding major termite damage even after a $5,000 tent-ing, problems with heating and plumbing, and a persistent tobac-

co smell from a previous owner, they decided to tear it down.

A full-blown remodeling job with a second story would have been just over $1 million, and it wouldnt have been their dream home.

Their new 3,551-square-foot home will have four bedrooms and a 1,884-square-foot basement. James Bergeron declined to say how much it will cost.

For just a little bit more, you get everything new, Teresa Ber-geron said.

This house was built in 1947, said James Bergeron, a former Silicon Valley CEO who now coaches chief executives and serves on several San Francisco

Bay Area company boards.It wasnt built for modern

families. If you build a brand-new house you can build 9 1/2- to 10-foot ceilings. You get the phys-ical and emotional spaciousness that I think our generation is looking for.

Along the Interstate 680 cor-ridor in the East Bay, buyers of homes in upper-end towns are pretty much razing them and building larger homes, said Eric Icay of AAA All in One Removal in Lafayette. It picked up in the last year or so.

Demolition is booming, said Zali Lorincz of ZL Construction in Walnut Creek, Calif., a family-owned company that tears down houses and rips out swimming pools. It seems to be easier now-adays to completely eliminate a house rather than remodel.

But Palo Alto may be the epi-center of the trend.

For the past three years, 50 to 100 homes a year have been razed to make way for new houses in Palo Alto, according to associate city planner Scott McKay. It seemed like things slowed down a few years back, but its been going up again.

The city granted more than 80 demolition permits for single-family homes in 2013.

In many ways, the city is built out, McKay said. But, he said, some existing houses are ripe for

replacement. The homes built in the 50s and 60s werent built to last like the homes built with old-growth redwood at the turn of the century, he said.

Even old, elegant homes fall short of expectations for many people. Living has really changed from the 1930s until now, said Palo Alto architect John Northway.

A lot of the rooms are pretty small and relatively dark, even in wonderful old Palo Alto houses. Now people want to have bath-rooms for each bedroom. A lot of times, both mother and father work at home and each have an office. The audiovisual stuff is in another family room. All this drives reasons to tear them down and rebuild them.

Thats what Maxine Loh, a retired computer programmer from Washington, D.C., learned when she tried to remodel a house in Palo Altos midtown dis-trict that she and her husband, a retired engineer, had purchased in 2009. Her original goal was to add on a room and a wheelchair-accessible bathroom and raise the ceilings. But it would have involved knocking out several interior walls and removing the roof. Loh was advised to tear the whole house down.

All I had left for my remodel was the slab foundation, she said.

James Bergeron, left, and his family paint goodbyes on the wall of their home in Menlo Park, Calif., minutes before wreckers demolished it. [MCT]


KIM BIHARI, Personal Real Estate CorporationIS GIVING BACK TO THE COMMUNITY

THINKING OF SELLING YOUR HOME?Come to the75TH ANNIVERSARYGALA FUNDRAISERSILENT AUCTION ITEM HERES HOW IT WORKS. Bid and Win this Silent Auction item, (Minimum Reserve Bid

$4,500.00) then when you list your home you will pay only half of the commission calculated.

Example: $365,000 home ($14,950 commission normally charged)YOU pay ONLY $7,475 plus taxes, plus your bid amount, which is donated to Ducks Unlimited

The Commission Reduction cannot exceed $7,500.

SATURDAY, APRIL 5TH, 2014Coast Bastion Inn l 11 Bastion Street, NanaimoTickets $75 each - corporate table $1,250 (Seats 10)

Please email Kim Bihari at [email protected] for tickets.LIVE AUCTION l SILENT AUCTION l RAFFLES & GAMES l PRIZES & MORE!

6:00 PMNO HOST COCKTAILS

7:30 PMDINNER


U.S. consumers want oversightof Wall StreetKIMBERLY MILLER THE PALM BEACH POST

Consumer groups nationwide are warn-ing of another Wall Street-driven real estate wreck propelled by a new invest-ment strategy.

Hedge funds and corporate titans began buying single-family homes in 2012, form-ing a nascent industry of rental proper-ties overseen by mega-management firms rather than mom-and-pop landlords.

But the Blackstone Group, which is renting houses under its offshoot Invita-tion Homes, took the venture a step fur-ther in November when it bundled cash flows from 3,200 leased homes nation-wide into a $479.1 million rental-backed bond.

That move, in addition to concerns about community disintegration and long-term fallout if the venture fails, motivated 80 organizations to ask federal regulators last week for immediate intervention to protect neighborhoods and stave off the next financial crisis.

The seven-page letter followed a Jan. 23 request by Rep. Mark Takano, D-Calif., to the House Financial Services panel chairman to conduct hearings examining the issues related to institu-tional buyers.

Were trying to raise the alarm and say, Something significant is happen-ing thats changing neighbourhoods, said Kevin Stein, associate director of the California Reinvestment Coalition, which wrote the letter signed by 80 con-sumer groups.

We dont see sufficient oversight and what were saying is: Lets put on the brakes, be thoughtful about this, and develop policies where they are needed.

House Financial Services Committee member Rep. Patrick Murphy, D-Fla., said this week that as with any new financial services product, he is eager to conduct comprehensive oversight to protect consumers and the housing market.

American Homes 4 Rent, which owns 21,300 homes nationwide, said in Novem-ber it intends to follow Blackstones lead with a rent-backed bond this year.

Starwood Property Trust, which buys under the name SRP SUB LLC and rents under Waypoint Homes, announced last week a $144 million purchase of 707 single-family homes.

These homes were individually select-ed using Waypoints proprietary technol-

ogy and are strategically located in tar-get markets with excellent total return prospects, said Gary Beasley, co-chief executive officer of Starwood Waypoint Residential Trust.

Financial analysts have given mixed reviews of the new business born from the collapse of the housing market.

In December, a report from the Federal Reserve noted that investor purchases of single-family homes increased nation-wide from less than one per cent in 2004 to more than six per cent by the end of 2012.

While the purchases aided the housing recovery by clearing the inventory of distressed homes and boosting prices, neighbourhoods may suffer if an investor cant manage the rentals, Fed economists Raven Molloy and Rebecca Zarutskie wrote in the report.

Standard & Poors Rating Services is also wary of the new business and didnt rate the Blackstone securitization. Last month, its analysts said cash flows depend on the management of large numbers of single-family homes, which are often geographically dispersed and uniquely constructed.

The properties require ongoing main-tenance that cant be implemented with a one-size-fits-all approach, Standard & Poors said in a market commentary.

Morningstar was more optimistic. Despite a dip in monthly rent income from Blackstone Groups securitization portfolio of 7.6 per cent from November to January, analysts Becky Cao and Brian Grow said rental demand is high and vacancies caused by expired leases are expected to fill up.

The institutional buyers are generally economically rational, Grow said.

The demand for rentals is high, and part of that is because people cant get loans or dont have down payments.

Morningstar and Moodys Investors Service gave top triple-A ratings to the largest portion of Blackstones deal.

Still, Stein of the California Reinvest-ment Coalition said there needs to be transparency to the rental securitiza-tions so they dont follow the same path as mortgage-backed securities that were filled with toxic home loans.

Wall Street tends to be ahead of the game, Stein said.

We need to know whats happening so investors dont unwittingly finance the next economic bust.

Fears of another wreck spur demand for more control

FINANCE

Follow us to breaking news: twitter.com/NanaimoDaily

Pager: 250-753-9688 Toll Free: [email protected] 503 Comox Rd., Nanaimo, BC V9R 3J2

Ocean view condo. 2 bedrooms, 1 bath. Completely updated secure entry. MLS 362011

206-225 CYPRESS ST.

Asking $155,900

Top floor corner unit 2 bedroom, 1 bath. All new kitchen & flooring. MLS 361858

405-1187 SEAFIELD CRES.

Call the Savages250-758-5728

4958 HOMESTEAD WAY

Asking $129,000

FORECLOSURE 4 bedrooms, 2.5 bath, .50 Acre. MLS 369960

Asking $219,900

3056 GAYLORD PLACE

FORECLOSURE This is a 5 bdrm., 2 bath, full basement home on 5 acres of land with views over a pond. Needs paint and flooring. MLS 369964 Asking $349,000

450 ST. GEORGE STREET

FORECLOSURE Central location. 3 bedrooms up, 2 bed suite down. Lots of updates. MLS 365751 Asking $269,000

5855 METRAL DRIVE

FORECLOSURE 3 bedroom basement home. Single garage. Close to shopping, some updates. MLS 367504

Asking $255,500

615 & 699 HAREWOOD ROAD

LOTS OF POTENTIAL WITH THIS .63 ACRE PROPERTY Close to University & shopping. 2 houses currently rented. MLS 367611

Asking $359,900

5735 ALDER WAY

FORECLOSURE This is a 5 bdrm., home including a 3 bdrm. unauthorized suite.MLS 370119

Asking $330,000


www.realtyexecutivesnanaimo.com503 Comox Rd., Nanaimo, B.C. 250-753-9688

Mid Island.

TERRI BEAUDOINCall Terri direct @250-616-6159

[email protected]

MEMBER: 100% CLUB

Mid Island.

3 Bedroom, 2 bathroom Desirable Buttertubs Marsh area

$282,900$282,900

162 Bird Sanctuary

$199,000

Patio home 1120 sq ft

2 beds, 2 baths

Spectacular Ocean ViewSpectacular Ocean View$199,000

208 Bowlsby

Call Ken Walkling 250.753.9688

Level entry walkout basement Large family home in Departure Bay (Lynburn area) with ocean views! 5 bedrooms and 2 bathrooms plus a new hot tub Lower oor was a daycare and could easily be suited! Newer 200 amp electrical service Newer roof and windows, and ooring

New paint throughout (interior and exterior) Huge gentle sloping private fenced yard 24X30 deck over hot tub I sold this home to these nice people 18 years ago and would suit a large family again! Great area! Great Views! Great lifestyle!

2 bedroom affordable condo close to hospital, bus route, shopping, banking etc. This is it if you are an investor this unit can easily be rented or rst time buyer, why rent when you can own. This building is well maintained and a cat is allowed.250.753.9688

[email protected]

201-1187 SEAFIELD CR. $119,900

FAMILY HOME WITH OCEAN VIEWSOPEN HOUSE SUNDAY 2-4 PM 2470 GLENAYR DRIVE

(MLS#366118)

1143 WOSS LAKE DRIVE $82,000

Affordable year round living. 1 bedroom park model home on a long term membership lot at Resort on the Lake, situated very close to the Club House, pool and beautiful Westwood Lake with its great swimming, shing and walking trails. This is a newer Park Model with a completely redone wooden deck and spacious interior with a recently upgraded bathroom including a new walk-in tub.

SOLDSOLD

Beautifully maintained 2 bed/2 bath and den home in Nanaimo's Deerwood Estates! Featured is a separate art studio a must see! Asking $167,500. Call Linda McKernan for details.

24-3924 VALEWOOD DRIVE$167,500

Realty Executives Mid-Island [email protected] www.lindamckernan

Reducedto

$345,000

#12-3250 Ross Road

2 Bedroom, 3 bathroom Townhouse near Long Lake

Immaculate and spacious describes this 1400 sq.ft. modular home in Willow MHP. Located at the end of a laneway servicing only one other home, the privacy here is exceptional. Master BD with ensuite, natural gas heat and hot/w, beautifully landscaped yet low maintenance lot. Must be seen to be appreciated. Asking $129,900. Call Richard to view.

Richard Nemeth [email protected]

REDUCE

D

5012 RHEANNA PL. $294,900

Well maintained rancher in North Nanaimo. Great for retirement or the investor at heart. Offering 1200 sq.ft., 3 bedrooms, bright open and spacious living. All your living on one level, with no stairs to climb. Freshly painted throughout. Cozy gas replace in the living room, four foot heated crawlspace which stays completely dry and great for storing all your worldly goods. Overheight double car garage. A completely fenced back yard, and a gardeners delight, come and view today.

157 RAINBOW CR. $329,500

Spectacular views of lakes and mountains, this 2260 sq ft renovated 4 bedroom and 3 bathroom home features new ooring, new decks, completely painted inside and out. The inside of the home is very bright with vaulted ceiling, skylights, lots of windows, open oor plan. Sliders to the private new deck that stretches the whole length of the house from both the living room and dining room to the fantastic views. Access to the home and oversized garage with workshop is off Summit Drive although the address is on Rainbow. The landscaping is outstanding, come and view this home today.

RESORT ON THE LAKEYear round affordable living at Westwood Lake with great amenities: clubhouse, swimming pool, hot tub, putting green and tennis court strata titled lots (minimum of 2200 sq. ft.)

starting at $49,900with strata fees

a low $125 per month.

SOLDSOLD

SOLDSOLD

Built in 1989 1759 sq. ft. 2 baths 7863 sq. ft. lot 4 bedrooms RV parkingRecently renovated with newer roof, deck, painting and lighting, this seller is motivated to "get it sold".

Built in 2004 Rancher 3 bdrms 2 baths 5 pc ensuite Skylights Corian counters High ceilingsExclusively listed in beautiful Craig Bay this immaculate ranch style home offers all the amenities of Craig Bay living.

Built in 1920's 1069 sq. ft. 2 bdrms., fireplace Garage plus carport 54x138.5' lot Basement, sundeck 1 bath, lane accessLovely 2 bedroom home in the Old City Quarter has had many upgrades. Nice fenced lot and possibility of a carriage house.

Call John Lee @ 250-753-9688

UNIVERSITY DISTRICT $274,900

JOHN LEE 250-753-9688www.johnleenanaimo.comOLD CITY QUARTER $284,500

Call John Lee @ 250-753-9688

CRAIG BAY EXCLUSIVE $449,900

Call John Lee @ 250-753-9688OPEN HOUSE 220 KENNEDY ST. SUN. 1-3


Stanley ChongREAL ESTATE SERVICESBUY & SELL

FREEEVALUATION

24 Hour Direct (250) 716-6028Toll Free 1-800-848-8490

Office/Pager (250) 753-9688Office Fax (250) 753-9698

Email enquiries at [email protected]

VIEW STANLEY CHONGS LISTINGS AND VIRTUAL TOURS: www.stanleychong.ca

SOUTH NANAIMO RENOVATED HOME

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Slide Show Quick PossessionSlide Show Quick PossessionSouth Nanaimo home nestled on a large lot in a quiet cul-de-sac and situated close to schools and South Gate Mall, and on bus route. It is very affordable and ideally for a starter home or investment property. Basement entry type offers 4 bdrms, 2 bath rooms, large living and dining room, functional kitchen with eating area. Large family room and spacious laundry room down. A detached storage shed in the back yard. The house is now under renovation with new floors, paint, deck and newer roof. New lighting and more. A 14x16 detached storage shed & RV parking in the backyard. Recent renos. Incl. newer roof, paint, deck, floors, lighting.

924 Yee Place REDUCED $274,900

CENTRAL NANAIMO FAMILY HOME TOWNSITE NEWER HOME & SUITE COMING SOON CUSTOM BUILT 2 STOREY HOME

RARE FINE - OLD CITY NEW HOME ROCKY POINT - LARGE FAMILY HOME LARGE SXS DUPLEX ON HUGE LOT CHEMAINUS DEVELOPMENT PROPERTY COMING SOON

2124 Aaron Way REDUCED $412,900 860 Oakley Street $439,000 Lot 5 - 4842 Vista View Cres 512 Martina Way $479,900

24 Machleary Street $449,900 Lot 6 - 4838 Vista View Cres. $539,900 1809-1811 Northfield Rd. $419,900 Trans Canada Hwy. $1,550,000 LOT 3 - 904 Howard Avenue $419,900

A beautiful Central Nanaimo family home situated on a quiet cul-de-sac and is close to all levels of schools, shopping, hospital, recreation center and on bus route. This West Coast contemporary stylist home features a thoughtful floor plan, offers 4 bdrms & 3 baths including a spacious 1 bdrm. newly finished in-law suite. Abound updates are some new windows & doors, new laminate & tile flooring, new kitchen countertops, new stone splash backs, new bath & more.

Slide ShowSlide Show

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Newer basement home nestled on large level lot, situated within walking distance to schools, hospital, shopping malls, parks & all amenities of Central Nanaimo. Offers 2449 sq.ft. of superbly designed & quality constructed living space with open floor plan, 4 bedrooms + den, 4 full baths included an one bedroom legal suite. Features engineered hardwood, lami-nated, tiled & carpeted floors, rich dark maple kitchen cabinets and island, all appliances. Window coverings included.

A Beautiful large family home will be built soon by a reputable builder on this lot in the prestigious Rocky Point neighborhood. It will be a basement home c/w a spacious legal suite and consists of 5 bedroom & 4 full baths with beautiful ensuite. Features are high ceilings, open con-cept, engineered hard wood, laminated and tiled floors, rich maple kitchen & bath cabinets, work island & ample counter tops c/w granite, heat pump & gas fireplace etc.

Beautiful & spacious traditional 2 storey home nestled on a large lot in a cul-de-sac backs on to Northfield Natural Park. Offering 2746 sq ft of custom finished living space with 4 bedrooms, 3 baths, great room, dining room, family room & a gourmet kitchen with ample cabinets, counter tops and large island. A superbly designed open floor plan, quality constructed family home, all rooms are spacious & well proportioned. Home is heated by gas f/p & heat pump, landscaped, sprinkler & fenced.

SOLDSOLD

A new home being built by a reputable builder - Heartwood Home on this location. It is a main level entry with upper (2nd) floor and a walk-out basement; it offers 3 bedrooms, 2 baths up. All living located on main level with a den/4th bedroom & single garage. The basement has a large rec, room, a bath & 661 sq.ft. of unfinished area that could develop into a legal suite.

A large basement entry home is being built by a reputable builder in the pres-tigious Rocky Point neighbourhood. It is superbly designed & constructed with quality components & workmanship. Offers 3115 sq.ft. of luxury living spaces, 4 bdrms, rec-room/den, 4 baths, plumbed & wired for legal suite or option for family room. Engineered hardwood floor, hardie plank exterior, heat pump & gas fireplace, 9 ceiling etc. Call Stanley for details.

Slide ShowSlide ShowCentrally located whole duplexes nestled on an 80x160 level lot with private treed back yard; located near schools, shopping & all ameni-ties. Each side offers 1318 sqft, living room, kitchen with eating area, 2 bedrooms & a 4 piece bath on the main floor. A large 3rd bed room, 3 piece bath & a laundry room located in the ground floor. There is a full length by 3 ft front balcony & a 10x10 front storage room down. Each side has a single carport plus ample space for RV parking.

A beautiful spacious level entry with walk-out basement home will be built soon on this large lot by Carls Custom Carpentry. It is situated close to all levels of schools, VIU, shopping malls and all amenities & on bus route. It will be a 5 bedroom plus a den, 3 baths total included a 2 bedroom legal suite. Features engineered hard wood, laminated, tiled & carpet floors, beautiful maple kitchen with island & ample countertops, RV parking and more.

ATTENTION DEVELOPERSHere is a great opportunity to own and develop this beautiful 52.28 acre parcel of land with huge potential for rezone and sub-divide. Currently it is zoned A1 but is excluded from the ALR. It has potential for a 2 - acre lots subdivision. Access from Ashcroft Road, an expensive residential neighborhood off Chemainus Road. For more info, please contact Stanley Chong.

13655PROSPECT DR.$439,900mls #370906

Spacious Rancher on 5 acres with 1272 sf shop. 3 bedrooms 1 bathroom.

Located between Ladysmith and Nanaimo, this home offers a beautiful setting

with lake views, oversized carport, and privacy.

NEW LISTINGS THIS WEEK305-1675

CRESCENT VIEW DR.$269,900mls #370687

Contemporary Central Nanaimo Townhome.

High end laminate oors, rich dark-wood

cabinets, contemporary mouldings, large kitchen area with island and tiled

backsplash.

Home Size 1,264 s.f. 3 Bedrooms, 3 Bathrooms

3470 TUNNAH ROAD

$149,900mls #370769

Well Priced Acreage within City Limits, nearly 2 acres of pristine property located in the Uplands area of North

Nanaimo. Zoned R10 which permits both subdivision for single family & cluster

multifamily housing.1.87 Acre Lot

203-4724UPLANDS DR.$119,900mls #370769

Updated 1 bedroom and den or 2 bedroom in Uplands. New tasteful Berber carpets, new baseboards, contemporary light xtures, new counter

tops, sink and dual ush toilet in the bathroom, painted throughout, and updated

closet doors.

Home Size 711 s.f.2 Bedrooms, 1 Bathrooms

3 Bedrooms, 1 Bathrooms


Uplands (UP) 351 Fledgeling Sun. 2:00-4:00 $319,900 15

Weekend Guide to Nanaimo & Area

OPEN HOUSESOPEN HOUSES Insurance Brokers Ltd. Est 1898101-3150 Island Highway

T: 250.758.2484 F: 250.758.2452www.insurancebrokers.bc.ca

Providing insurance for: Business Home Tenants Condominiums

Travel Construction Boats & PWC Autos Campers Trailers & Mobile Homes

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ADDRESS DAY TIME PRICE ON PAGE

Mar . 21 - Mar. 23

CD - CedarNC - Central NanaimoCR - Chase RiverDB - Departure BayDL - Diver LakeHB - Hammond BayLZ - Lower Lantzville

NN - North NanaimoOC - Old CityPV - Pleasant ValleySN - South NanaimoSW - South WellingtonUP - UplandsUZ - Upper Lantzville

NJ - North JinglepotSJ - South JinglepotUD - University DistrictBH - Brechin HillEX - ExtensionPI - Protection IslandGI - Gabriola Island

University District (UD) 1062 Southwood Drive Sun. 1:00-4:00 $349,000 -

Diver Lake (DL) 2124 Aaron Way Sun. 1:00-3:00 $412,900 -

Old City (OC) 220 Kennedy Street Sun. 1:00-3:00 $284,500 -

Departure Bay (DB) Corner of Barrington Rd. & Ocean Mist Place Fri.-Sun. 1:00-4:00 $477,200 32470 Glenayr Drive Sun. 2:00-4:00 $345,000 19

Advertise Your Listings in theNanaimo Daily News Real Estate Guide

Call250.729.4218

South Nanaimo (SN) 924 Yee Place Sat. 1:00-3:00 $274,900 -

Uplands (UP) #112-4971 Songbird Place Sat. 1:00-3:00 $147,000 -

South Jinglepot (SJ) 2161 Michigan Way Sat. 1:00-3:00 $379,900 -#32-1169 Morrell Circle Sat. 1:00-3:00 $89,900 13

Pleasant Valley (PV) 5268 Scarsdale Sun. 1:00-3:00 $379,000 -

South Jinglepot (SJ) 13455 Doole Road Sat. 1:00-3:00 $409,000 -

FEATURED OPEN HOUSE#19-4991 Bella Vista Cres., Nanaimo

SAT & SUN, MAR 22 & 23 1:00-3:00 PM $329,000


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