Everything You Need to Know About the Grande Presale in Port Moody
The Grande by Onni – Pricing, Floor Plans, Deposit Info and More
Written By: Mariko Baerg, REALTOR of Bridgewell Real Estate Group
If you want a realtor to represent YOUR best interest & not the developer’s, call me today!
The Grande Port Moody presentation centre is up and running in Suterbrook Village and sales are set to start near the end of June/beginning of July. If you’re thinking about purchasing a Grande presale home for yourself, or as an investment opportunity, here’s everything you need to know about the Grande presale to aid in your buying decision:
The Grande Port Moody At a Glance
- 26 storey building with 220 units total
- Built by Onni Developments in an award-winning master planned community
- Location will be in Suterbrook Village in Port Moody, steps to the Evergreen Skytrain Station and amenities
- 25% deposit schedule due over roughly 540 days from writing an offer
- 18,000 square foot health and fitness club exclusive to homeowners with indoor and outdoor amenity space
- Fully backed 2-5-10 warranty provided
- Estimated completion is 2020
- 1 bed, 1 bed+flex, 1 bed + den [junior 2 bedroom], 2 bedroom, and 2 bedroom + family style condos
Everything You need to know about the Grande Presale in Port Moody
If you’re thinking of purchasing a presale property, it’s important that you have a realtor working in your best interest and not the developer’s. For more information on why to hire a buyer’s agent when purchasing a presale, check out our blog here: 8 Reasons To Hire a Presale Realtor With that being said, we’ve compiled your comprehensive guide to The Grande in Port Moody along with everything you need to know about pricing, floor plans, location, the developer, deposit schedules, and more.
The location is in the Suterbrook area of Port Moody nearby Newport Village, Rocky Point Park, and the Evergreen skytrain line. You are walking distance to coffee shops, grocery stores, gyms, restaurants, and transit. The building will be located in the heart of Suterbrook Village off of Murray Street and Ioco. Learn more about the area in our Port Moody Guide.
Completion is estimated for 2020.
Onni is the developer, and they have an excellent reputation building properties throughout Greater Vancouver. They have built the majority of condos and townhouses in the Suterbrook area of Port Moody, as well as the Riva in Richmond, Oasis in North Coquitlam, Central in Vancouver, and The Mark in Vancouver. Thus, they have the experience in building that you want and need. Their buildings are also backed with a reliable 2-5-10 warranty provided through National Home Warranty. Towers are designed by award-winning Ciccozzi Architecture.
The deposit scheme is a total of 25% over a period of time. 10% is due upon writing an offer, 5% is due on the date that is the later of 270 days from the Vendor’s acceptance or Amendment to Disclosure for Building Permit Issuance. 5% is due 365 days after the Vendor’s acceptance, and the remaining 5% is due 540 days after the Vendor’s acceptance.
The dens do not have a window or a closet. Furthermore, the ‘Junior 2 Bedroom’ properties are actually just a 1 bed + den that can fit a small bed.
Floor plans range from 1 bedroom to 2 bedroom+family room properties with sizes as small as 595 sqft. and as large as 1245 sqft. For exact plans and pricing options, contact us today. We can send them over to you and discuss what options would be best based on your real estate goals.
You are walking distance to Inlet Centre Skytrain station, a skytrain that runs in to east bound to Coquitlam and west bound to Burnaby, New Westminster, Surrey, and Vancouver. There is also a bus off of Ioco which runs directly in Moody Station where Port Moody residents can catch the Westcoast express, which is an express train running in to the Waterfront area of Vancouver.
There are 2 different colour options, in which they have named Westcoast and Evergreen. Westcoast has hints of lighter brown, and has more earthy tones. Evergreen is more drastic and modern, with dark brown and whites. [see picture for details]
Contemporary wide plank laminate flooring throughout the kitchen, living, and dining room. Bedrooms are carpeted.
The building is a 26 storey, concrete building. There are 220 units for sale in this development.
Height of the interior of each unit will consist of 9 foot flat-painted ceilings throughout living spaces in most homes.
There will be no initial restrictions for rentals upon occupancy, so rentals are allowed. For more details on this and rent estimates, give us a call!
Sizes range from a modest 595 to a large 1,245 square feet. Each unit has 9’ ceilings, which climb even higher in select top floor homes, which make the units feel larger and spacious – regardless of what size you choose.
PARKING & STORAGE:
There will be 1 parking stall and 1 storage unit included with every unit in the building. For those that would like a second spot, they are limited, but can be purchased for an estimate of $25,000 each. The second parking stall may only be given to units that are on the 12th floor and above.
The Grande will feature an exclusive health and fitness club, with over 18,000 square feet of indoor and outdoor amenity space. There will be a party room with a full chef’s kitchen, dining area and lounge/private dining roof. There will be both a games room and theatre, along with a large, multi-faceted fitness area with a gym, yoga room and stretching area. There will also be a steam room, sauna room, pool, hot tub, and community gardens for relaxing.
All assignments are subject to developer approval, and can be denied. If the developer does approve, then there will be an estimated 3% of the assigned sales price fee to be paid to the developer, along with an additional $1000 fee. The sales staff has indicated that they will most likely reject all foreign assignments, and that the only permitted assignments will be to family members and due to hardship.
Onni has estimated that they will receive their disclosure statement on or around June 30. They will commence sales shortly thereafter. They have also stated/speculated that the first tower will be less expensive than the second tower.
The base pricing has been updated as of June 17, 2017:
- 1 bedrooms starting around the $460,000’s
- square footage estimate: 595-630 sqft.
- 1 bedroom + flex starting around the $540,000’s
- square footage estimate: 670 sqft
- Jr. 2 bedroom [1 bed + den] starting around the $580,000’s
- square footage estimate: 670 sqft.
- 2 bedroom starting around the $650,000’s
- square footage estimate: 815-960 sqft.
- 2 bedroom + family starting around the $860,000’s
- square footage estimat: 1095-1245 sqft.
**For a 2018 update on available Tower 1 units, contact us directly**
If you’re thinking of assigning your unit, read our blog post here: Everything You Need to Know About Assignments in Real Estate
Not sure which area of the building to buy? Not sure which floor offers the best view? We have our top picks. Call us anytime to set up a meeting to discuss. Prefer text? 604-319-0200 or email firstname.lastname@example.org. We have floor plans, sketches, and so much more to help you!
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