Developers of a new multi-family townhouse project in Cranberry called Wys Headwaters are now moving forward toward pre-sales, according to Matt Elliot, co-founder of Powell River Building Green.
The project is located near the intersection of Manson Avenue and Cranberry Street and the lot is currently construction-ready.
“The price we’re going to be listing at is probably $320,000 when we hit the market,” said Elliot.
The pre-sale market is relatively new to Powell River, according to Powell River Sunshine Coast Real Estate Board president Neil Frost, who grew up in Cranberry.
With 2017 being the 75th anniversary of Cranberry’s incorporation, attention is being paid to not only to the neighbourhood’s history, but also its revitalization, and Elliot said his development is intended to be part of that.
“That’s one of the reasons we’re trying to do a new build, and funky ones, as well,” said Elliot. “Give them a little bit of character, but make them fit with Cranberry’s element of being a little bit more eclectic and natural.”
Frost said projects such as Wys Headwaters can be a great way to jumpstart areas such as Cranberry’s once-thriving downtown.
“But we need other developers to get involved,” said Frost. “We need other owners to revitalize what they currently have.”
Frost added that new home building in Powell River is needed because of a lack of available inventory.
“We need all kinds of inventory and I’m very excited about the sustainable aspect,” said Frost. “It’s an inspirational project.”
The Wys Headwaters project has third-party certification from home-certification program Built Green Canada.
Built Green promotes energy efficient and environmentally responsible homes that use resource-efficient, environmentally friendly construction practices and products.
“They’re trying to help the environment, they’re trying to help the homeowner and they’re trying to help the community the houses are built in,” said Elliot.
The organization will also assist homebuyers. Single family new homes certified through Built Green are automatically eligible for partial mortgage loan insurance premiums of 15 per cent through Canada Mortgage and Housing Association and Genworth Canada.
