New home buyers are investing more in their homes, says realtor Kerri-lyn Holland

Article content

They weren’t filming an episode of Million Dollar Listing at the recent Laurier Heights luxury home grand opening, but they could have.

Commercial

Article content

The 3,408-square-foot west end property (but a whopping 6,094 square feet if you include the finished basement), is priced at $ 3,895 million. Built by Alair Homes, it overlooks the river valley, and the city center can be easily seen from a distance on the rooftop.

There are finishes you won’t find in another home in this city, or even other parts of Western Canada, and for those who are into jump shots or reverse layouts, there is an indoor basketball court on the lower level of the home with seating. adjacent and lounge area.

It’s the kind of property you’d expect Josh Altman or Fredrik Eklund to offer buyers if you like the Million Dollar Listing Los Angeles show, and if you think that’s an scope for this city, even for real estate. Home states brochure: “It’s Los Angeles Luxury in YEG.”

Commercial

Article content

Holland and Associates real estate Kerri-lyn Holland, which markets the home at 8516 134th St. NW, said the market for luxury homes in Edmonton is booming.

“The luxury market in Edmonton has definitely taken off in the last 24 months,” Holland said, noting that no home sold for more than $ 3 million in 2019, but so far this year, he said that five homes have sold. above the $ 3 million mark. .

Trending on Canadian News  Deadly pathogens can hitch a ride on ocean microplastics, study finds

Additionally, he said homes valued at more than $ 1 million are outpacing their sales from the previous 12 months.

Lower mortgage rates, fewer vacations, he said his clients could take six or more expensive trips a year and are reallocating these funds to home purchases, and the COVID craze are some of the reasons behind the higher luxury sales. A potential buyer of Laurier Heights property likes the fact that the basketball court, which could double or triple as a pickleball or tennis court, gives them the option of keeping their kids occupied, especially in these times when recreation centers have been closed. due to COVID concerns.

Commercial

Article content

“I feel like what’s driving the luxury market is that buyers are investing more in their homes,” Holland said. “All those luxury features that you used to have in a hotel can now be had in your own home.”

The Laurier Heights home, which has four bedrooms, three and a half baths, as well as an oversized three-car garage, also comes with an elevator.

But it’s some of the finishes that have Lauren Kyle, lead designer at Kyle and Co. Design Studio, delighted with the results.

Kyle points to Neolith countertops, which are scratch, scratch and temperature resistant and impressive to look at, as one of the many selling points of the house.

“We partnered with a stone manufacturer outside of Spain,” said Kyle. “All the countertops and the backsplash are Neolith. They are produced in a carbon-free environment, are 100% recyclable and are made from 100% natural material. It’s the first in western Canada. “

Commercial

Article content

Kyle also points to the Neolith Zaha stone, which pays tribute to internationally renowned architect Zaha Hadid, used on the lower level and is a contemporary reinterpretation of Iranian gray stone.

Trending on Canadian News  Inuit organization and RCMP develop plan to improve relationship

“There is a great emphasis on lifestyle in this home by presenting a blend of luxury living with an active lifestyle by incorporating a fitness center and gym in the basement,” said Graeme Bell, Alair Homes Regional Partner . “The unique features of herringbone hardwood with bronze inlays and a limestone fireplace surround help create a luxurious palette.”

Each room was designed to have a view of the river valley, adds Bell. “There was also a great focus on bringing unique details to the design to introduce new luxury elements that have a more global perspective on design than what we are used to seeing in Edmonton.”

    Commercial

Comments

Postmedia is committed to maintaining a lively but civilized discussion forum and encourages all readers to share their views on our articles. Comments can take up to an hour to moderate before appearing on the site. We ask that you keep your comments relevant and respectful. We have enabled email notifications – you will now receive an email if you receive a response to your comment, there is an update from a comment thread you follow, or if a user you follow comments. Visit our Community Principles for more information and details on how to adjust your E-mail settings.

Reference-edmontonjournal.com

Leave a Reply

Your email address will not be published.