CROWN ISLE Real Estate Blog

Gary Renkama of Monterra Developments must be happy to see Spring finally arrive. Historically Spring seems to out preform the other seasons when it comes to real estate activity and Monterra’s latest project “The TIMBERS” is proving it.

Following completion of the first three units at the beginning of January, Gary and his team opened their new show home. Activity was very brisk with several hundred people through admiring the layout and workmanship. But…..even though the comments were very positive no one seemed quite motivated to purchase. However, that changed with the weather and the last three weeks have seen 5 sales complete with two additional sales pending. Excavation has started on the next three buildings and it looks like further construction is not far off. “The Timbers” will be a great addition to the Crown Isle Community!

“The Timbers” is a multi-family, strata development at the corners of Crown Isle Drive, Malahat Drive and Monarch Drive. The four phase development, once complete, with have 18 residential units comprising 7 duplexes and 4 stand alone units. Homes range in size from 1742 – 2143 square feet. Pricing starts in the low $400,000′s. The new show home is open daily. Stop by today before they are all spoken for!

Monterra Developments 250.338.2414
Email: grbuilder@telus.net

The Vancouver Island Health Authority has announced that the site for the New Comox Valley Hospital will be on Crown Isle lands north of Ryan Road. This further compliments the owners’ overall vision of a community where residents can have all the amenities right in their own back yard. Retail, recreation, dining and health care all within walking distance of your home.

Having the hospital within Crown Isle will allow the Real Estate division to broaden our future offerings to the marketplace. Future residential opportunities will consist of a mixture of single family building lots and multi-family strata developments including patio homes, townhouses and condominiums. Adding in the possibility of partnership with future multi-level care facilities reminds me of the vision outlined to me by Ron Coulson, one of our two owners. Crown Isle will ultimately be a community where residents can live most of their lives through a mixture of Real Estate opportunities all within the same community; all within the same circle of friends and neighbors.

The real question is: “How is this going to affect Real Estate pricing and demand in Crown Isle and the rest of the Comox Valley?” We believe we are in for very busy year!

Crown Isle Resort & Golf Community welcomes COSTCO to the neighborhood.  Site preparation and additional road work is well underway on the north side of Ryan Road for Costco’s next and largest location on Vancouver Island.   The new Courtenay location will over 140,000 sq.ft. of retail space plus a new gas bar with parking for over 600 cars.   Prior to the grand opening, estimated for sometime in May to early June, road work and installation of lights for a full movement intersection of Ryan Road and Crown Isle Drive with be completed.

Having Costco on the north side will bring a tremendous amount of awareness to the Crown Isle community and we believe a greater demand for Real Estate opportunities both residential and commercial within our boundaries.  Our Crown Isle Real Estate team is working with ownership on several new residential sub-divisions south of Ryan Road and both commercial and residential on the north side.

Feature Builder – Garry Renkema MONTERRA DEVELOPMENTS

Monterra Developments is one of the Comox Valley and Crown Isle’s premier custom home builders with a reputation for top-quality craftsmanship and exceptional service.  Monterra Developments has over forty years of family experience in the building industry.  Owner / operator Garry Renkema founded a successful home building company in Alberta where his company was the recipient of several Home Guilders’ Association awards including Builder of the Year, Customer Choice Award and Best New Home Design.  Monterra has also received the 2007 and 2009 “Customer Choice Georgie Award” for excellence by the Canadian Home Builder’s Association – BC.

Currently Monterra is near completion of Phase One of “The Timbers” on the corners on Crown Isle Drive, Malahat Drive and Monarch Drive which will include their new show suite.  There are 18 units comprised of 4 single units & 2 styles of duplexes offering 5 different floor plans.  All units come with granite counter top kitchens, an island, $5000 appliance package, hardwood & wool floors, gas fireplaces, double garage, roughed in security & vacuum systems plus high efficiency heat pumps.  The Timbers is truly the perfect place to locate in the the Comox Valley.  For more information regarding floor plans and pricing, visit homesbymonterra.com

WELCOME to our weekly Real Estate Blog updating you with current and future Real Estate information within the Crown Isle Community.   Our Real Estate blog will keep you in the know.  What is happening with the north side of the property?  Are there any new lot sub-divisions being considered in the future?  Who are the builders’ currently constructing homes within the community?  These and many other items will be covered along with “Home of the Week” and success stories within the community.  There might even be a good joke from time to time.

Builders in Crown Isle

Benco Ventures – Ben Christensen Clint Finlayson Homes – Clint Finlayson

Crown Isle Homes – Jayson Welsh  DK Properties Inc. – Keith Doleman

Emerald Homes – John Griffin           KT Williams Holdings – Ken Williams

Monterra Developments – Gary Renkema   Muchalat Construction – Joe Formosa

Stone Isle Homes – Rick Janzen         West Haven Homes – Larry Shaver

Home of the Week

1420 Dover Place                                                                   $567,000 + HST

Brand new stunning home on a cul-de-sac in prestigious Crown Isle! Grand foyer with 12ft ceilings and chic granite tile floor welcomes you with formal dining room off entrance, ideal for entertaining. Spacious great room boasts vaulted ceilings and cultured stone natural gas fireplace with fir mantle and access to large covered patio. Open kitchen features center island with eating bar, granite countertops, porcelain tile floor, corner nook, and walk-in pantry with French door to patio and barbeque area. German Pollmeier solid beech hardwood flooring harvested in sustainable managed forests and blended wool carpeting for extra durability. Main level Master bedroom with 2 walk-in closets, indulgent ensuite with soaker tub and custom shower with rain head.  The Ensuite also includes a custom granite-topped vanity with his & her sinks and heated porcelain tile floor. Upstairs you’ll find 2 bedrooms – one with walk-in closet, one with 9ft vaulted ceiling and mountain view – AND a 277 sq.ft. bonus room.

Contact:          John Griffin – Emerald Homes

Next week we will have a complete update on “Costco at Crown Isle”.