Pura | Adera Development| Surrey City Centre | Early 2025 | 10% Deposit

Overview

Pura is comprised of two six-storey, low-rise buildings located in the heart of Surrey City Centre.

This is a unique investment opportunity, as it is rare to find new low-rise condo supply in the central area of this neighbourhood. This pocket will continue to see higher-priced, high-rise development for the foreseeable future, making Pura a great long term hold for investors who appreciate affordable, high quality, well-located real estate. 

Located in the heart of British Columbia’s fastest-growing city, PURA is downtown without being right downtown. Its convenient West Village location is within walking distance to all Surrey Centre has to offer. Parks, schools, shopping, dining, services and transit are all just steps from your doorstep—yet it’s tucked into a quiet neighbourhood pocket.

The future of City Centre is bright. University of British Columbia's future 3-acre campus is just minutes away, along with  Simon Fraser University and Kwantlen Polytechnic University.

This transit-friendly location is also central for residents to catch Skytrain west towards Vancouver and east towards Langley in the near future. 

The development is perfect for both first-time home buyers & investors, as the thoughtfully designed layouts maximize square footage in each home. 

Additionally, it is worth noting that this is one of the best priced low-rise presale buildings located in Metro Vancouver.

Developed by Adera Development - One of BC’s leading multi-disciplinary real estate organizations with over 50 years of experience, Adera has built a world-class portfolio that includes the development of more than 11,600 homes, townhomes, condos, and over 4-million square feet of commercial space and are on track to deliver 1,000+ SmartWood homes by 2025 - www.adera.com

Development Details

• Total Homes | 248 
• Storeys | two six-storey buildings (building 2 now selling - as of April 2023)
• Completion Date | Early 2025 
• Deposit | 10%
• Starting From | $505,900 (as of April 1, 2023)

Unit Mix

• 1 Bed | 515 SF | Starting from $504,900 ($50,490 deposit at 10%)
  
  
• Jr. 2 Beds | 679-689 SF | Starting from $554,900 ($55,490 deposit at 10%)
  
  
• 2 Bed | 798 SF | Starting from $729,900 ($72,990 deposit at 10%)
  
  
• 2 Bed | 858 SF | Starting from $713,900 ($71,390 deposit at 10%)
  
  
• 2 Bed + Den | 858 SF | Starting from $789,900 ($78,900 deposit at 10%)

1. Prime City Centre location within walking distance to SFU, Kwantlen, City Hall, office, retail & transit.
   
   
2. One of the most affordable locations to purchase new wood frame homes in Metro Vancouver.
   
   
3. Reputable developer with long standing track record of quality building.
   
   
4. Strong rental market fundamentals with low rise buildings achieving similar rental rates as concrete high rise product.
   
   
5. Community that is investing in infrastructure and amenities.
   
   
6. Surrey has one of the youngest populations in the region.
   
   
7. City Centre is planned to absorb significant population and job over the coming decades, including: 43,000 housing units by 2041 / 49,000 jobs by 2041.
   
   
8. Limited low-rise wood frame supply coming to the Surrey City Centre core. Unlike concrete high rise, this is a rare product offering in the core boundaries of City Centre. 

Pricing compared to other presale projects and recently completed product is very competitive.

Recent resale data indicates that well located/built condos are selling for slightly higher than current ask prices from Pura. Great time to secure a long term investment.