Solana

Solana is one of Metro Vancouver's top presale opportunities for 2024. Located in Willoughby, Langley—one of the region's strongest markets for new condos—it reinforces a solid investment thesis. With prices starting at levels comparable to newer resales in the market, this is a great chance to purchase at market-low prices, with the potential for appreciation by the time of completion in 2027.

My clients will receive priority access to the best-priced and most efficient floorplans, along with pricing incentives. As a former Zenterra employee and current investment condo owner, I can personally vouch for the quality and service that Zenterra provides.

With one-bedroom homes starting in the $470,000's and two-bedroom homes starting in the $620,000's, Solana offers the most affordable condo pricing in Metro Vancouver, without venturing east of Langley.

Attractive deposit structure: 5% due at signing and 5% due in September 2025

Located at the northwest corner of 200th Street and 76th Avenue, Solana is directly across from the growing Langley Event Centre. Upon completion, the master-planned community will consist of six buildings with over 850 new homes. This offers early buyers a valuable opportunity, as prices in future releases will likely be higher than the initial launch, helping to build equity in your presale investment.

The first building at Solana is a six-storey structure fronting 200th Street, with 118 homes. The community features nearly 90,000 square feet of recreational space, including pickleball courts, putting greens, outdoor BBQ areas, and playgrounds.

"Solana stretches out across a prime location in Willoughby, where integrated green spaces and proximity to amenities allow residents to experience the softer side of living. With easy access to the future SkyTrain, dining, shopping, and entertainment options, residents can relax, knowing that everything they need is right outside their door."

Zenterra Developments has priced units sharply in order for them to expediate its sales and construction process.

As such, this is a great opportunity for someone to take advantage of discounted prices (compared to market comparables), allowing their investment to grow over the next 2.5 years during the construction period, with the anticipation of interest rates to also normalize over this time period.

With respect to the overall market fundamentals of Willoughby, Langley, according to my latest New(er) Resale Report Willoughby, Langley is Metro Vancouver's only sellers market for one & two-bed condos, underscoring the strong presale investment opportunity in this neighbourhood:

"Let’s talk specifics. As an example of uncovering microtrends, I’ve developed a strong conviction that Willoughby, Langley stands out as one of the region's strongest areas for presale investment. Demand in the resale market outpaces supply, pushing prices up and making the pre-sale market an increasingly attractive alternative. With median resale prices for one-bedroom condos around $490,000 and two-bedrooms at $645,000, the pre-sale options are compellingly in line with current resale prices."

Willoughby is quickly becoming one of the region's most exciting places to build. Affordability, access to transit and the future SkyTrain, excellent schools, and its proximity to Highway 1 have all contributed to its recent popularity.

Some of the region's most popular restaurants are recognizing the immense growth in Willoughby, particularly among millennials across Metro Vancouver. Notable establishments that have opened or announced new locations include King's Tap (affiliated with Cactus Club), Tap & Barrel, Trattoria by Italian Kitchen, Sing Sing, and more.

Some of the region's largest developers have also taken notice of this community, with rumors of several highly-reputable Vancouver-based developers all seeking land in this area. 

For more information on Willoughby, visit my neighbourhood profile: Willoughby, Langley 

With one-bed homes starting around $479,900, secure your home today for as low as $23,995 (5% intial deposit).

Community Features:

• 90,000 SF of amenities, complete with gardens, outdoor BBQ area, putting greens, pickle ball courts, and gathering spaces
  
  
• 9' ceilings throughout living spaces
  
  
• A/C throughout
  
  
• Samsung appliance package featuring gas-range, dishwasher, and fridge
  
  
• 1 parking stall and 1 storage locker for all homes
  
  
• Amazon package delivery system 
  
  
• All homes include a gas BBQ hook up on balconies 
  
  
• Secured by 2-5-10 year home warrant and backed by Zenterra's after-sales care team which has contributed to Zenterra receiving Multi-Family Home Builder award 7 out of the last 10 years

Developed by Zenterra Developments - With many years of diverse experience between them, the partners at Zenterra have a proven track record for delivering outstanding results and providing unparalleled service. Based on honesty and integrity, Zenterra has earned the respect of other BC developers through continuously surpassing expectations. As specialists in single family and multi-family home construction, clients can breathe easily knowing that the Zenterra team has the dedicated expertise and insight necessary to create market-leading quality homes.

Development Details - Solana Building 1

• Total Homes | 118
• Storeys | 6 storeys
• Completion Date | Summer 2027
• Deposit | 10% (5% due at signing & 5% in September 2025)
• Assignment Fee | $750 flat
• Starting From |  One bed starting from $470,000's & Two-bed starting from $620,000's

• Some of the most affordable pricing you'll find in the market today.
  
  
• Low deposit structure at 10% - 5% due Fall 2024 and 5% due Fall 2025
  
  
• Reputable developer with long standing track record of quality building throughout South Surrey & Langley. 
  
  
• Strong rental market fundamentals.
  
  
• Growing list of retail, entertainment and service amenities that will contribute to the overall appeal of this community.
  
  
• Community that is investing in infrastructure and amenities; new community centres, schools & retail.
  
  
• Ability to purchase in one of the most central locations of this community. As Willoughby continues to build out, development will start occurring in the outer rings of the central area. 
  
  
• Strong resale demand for newer product. First-time buyers & young families from across Metro Vancouver are choosing Willoughby because of its convenient location, community diversity and overall safety.