Westbank makes condos more inclusive
If all goes according to plan, 188 Keefer by Westbank isn’t going to be just another overpriced condo development that leaves people from the surrounding community out in the cold. That’s because Westbank is on a mission to ensure its latest Chinatown tower will offer ample ownership opportunities to people already contributing to the social fabric of the Downtown Eastside. A lofty goal, no?
Well, the Vancouver residential real estate development company has done it before. Its previous project, 60 W. Cordova, successfully made home ownership achievable for 108 families through customized mortgage solutions and financing scenarios.
So if you’re a fat cat investor looking for a condo to flip, 188 Keefer is not for you. Applicants who have strong ties to the neighbourhood and/or volunteer in the area will get preferential consideration on homes that start as low as $239,900 for one bedroom and $399,900 for two bedrooms. Depending on the down payment, which is can be as little as five per cent, the monthly mortgage payments at 188 Keefer could wind up being less than paying rent for some couples.
These homes will boast luxury finishings such as stainless steel appliances, granite countertops and Kohler fixtures.
In terms of amenities, there will be an indoor lounge, a fitness centre as well as an expansive outdoor area – complete with a barbecue pit, fireplace lounge, garden plots and children’s playground.
While the podium portion of the development will give architectural nods to Chinatown’s heritage, the 17-storey highrise will definitely be a little more on the modern side with a concrete feature wall reserved for a public art installation by Vancouver artist Ron Terada. Best of all, the views at 188 Keefer promise to be spectacular.
The sales centre is opening soon at 190 Keefer St. near Main Street. For more info, visit 188keefer.com.