Southgate City Burnaby: A Comprehensive Guide To Luxury Living And Urban Convenience
Table of Contents
Introduction
Southgate City Burnaby is a remarkable residential development that has captured the attention of homebuyers and investors alike. Located in the heart of British Columbia, this project combines modern architecture, luxurious amenities, and a prime location to offer an unparalleled living experience. As one of the most anticipated developments in the Greater Vancouver Area, Southgate City Burnaby is a testament to the evolution of urban living in Canada.
Burnaby, the third-largest city in British Columbia, has long been a hub for growth and innovation. With its strategic location between Vancouver and Coquitlam, Burnaby offers a unique blend of urban convenience and suburban tranquility. Southgate City Burnaby is a shining example of this balance, providing residents with access to top-tier amenities while maintaining a serene environment. The development is designed to cater to a wide range of lifestyles, making it an ideal choice for young professionals, families, and retirees.
As we delve deeper into this article, we will explore the various aspects that make Southgate City Burnaby a standout choice for modern living. From its strategic location to its luxurious amenities, this guide aims to provide a comprehensive overview of what makes this development a must-consider option for those seeking a high-quality lifestyle in Burnaby.
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About Southgate City Burnaby
Southgate City Burnaby is a master-planned community developed by Concord Pacific, one of Canada's most reputable real estate developers. Known for their iconic projects like Concord Pacific Place in Vancouver, the developer has brought the same level of expertise and quality to this Burnaby development. The project spans across a significant area, offering a mix of residential towers, townhomes, and commercial spaces.
Developer Information
| Developer | Concord Pacific |
|---|---|
| Project Name | Southgate City Burnaby |
| Location | 4500-4554 Kingsway, Burnaby, BC |
| Total Units | Approximately 3,000 residential units |
| Completion Date | Phased completion starting 2023 |
| Architect | IBI Group |
Project Highlights
- Strategically located along the Kingsway corridor
- Features a mix of high-rise towers and low-rise buildings
- Includes over 100,000 square feet of retail space
- Offers a wide range of unit types from studios to three-bedroom suites
- Features extensive green spaces and community amenities
The development's architecture, designed by IBI Group, incorporates modern design elements while maintaining functionality and aesthetic appeal. The towers feature distinctive facades that create a striking skyline presence while optimizing natural light and views for residents. The community spaces are thoughtfully designed to encourage social interaction while providing peaceful retreats within the urban environment.
Location and Connectivity
Southgate City Burnaby's location at 4500-4554 Kingsway offers exceptional connectivity and access to various parts of Metro Vancouver. The development sits at a strategic point that makes commuting and daily travel convenient for residents.
Transportation Options
- Public Transit: The development is within walking distance of multiple bus routes, including the 19 Metrotown Station/Kingsway and 112 North Burnaby/Commercial-Broadway Station
- SkyTrain Access: Just 10 minutes walk to Edmonds Station and 15 minutes to Metrotown Station
- Major Roadways: Easy access to Highway 1, Lougheed Highway, and Marine Way
- Bike Routes: Connected to Burnaby's extensive cycling network
- Car Sharing: Multiple car-sharing stations within the vicinity
Proximity to Key Locations
The development's location offers residents quick access to various important destinations:
- Downtown Vancouver: 20 minutes via SkyTrain
- Metrotown Centre: 5 minutes drive or 15 minutes walk
- BCIT Burnaby Campus: 10 minutes drive
- Simon Fraser University: 25 minutes via transit
- Vancouver International Airport: 30 minutes drive
The strategic location of Southgate City Burnaby makes it an ideal choice for commuters and travelers. The proximity to major transportation hubs and thoroughfares ensures that residents can easily reach their destinations while enjoying the convenience of urban living.
Amenities and Lifestyle
Southgate City Burnaby offers an impressive array of amenities that cater to various lifestyle preferences and needs. The development's facilities are designed to provide residents with everything they need for a comfortable and enjoyable living experience.
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Resort-Style Amenities
- Indoor Swimming Pool: A 25-meter lap pool with adjacent hot tub
- Fitness Centre: State-of-the-art equipment and dedicated yoga studio
- Spa Facilities: Sauna and steam rooms for relaxation
- Entertainment Lounge: Featuring billiards, gaming area, and cinema room
- Co-Working Spaces: Modern workstations and meeting rooms
Outdoor Spaces
- Extensive rooftop gardens with BBQ areas
- Children's playground and outdoor fitness equipment
- Community garden plots for residents
- Pet-friendly areas and dog run
- Walking paths and landscaped courtyards
Concierge Services
Residents of Southgate City Burnaby enjoy access to professional concierge services that include:
- Package receiving and delivery management
- Visitor parking coordination
- Event planning assistance
- Local business partnerships and discounts
- 24/7 security monitoring
The combination of these amenities creates a lifestyle that seamlessly blends luxury, convenience, and community. Whether residents are looking to maintain an active lifestyle, work from home, or simply relax in comfort, Southgate City Burnaby provides the perfect environment to support their needs.
Property Details
Southgate City Burnaby offers a diverse range of residential options designed to accommodate various lifestyles and family sizes. The development features thoughtfully designed units that maximize space and functionality while maintaining aesthetic appeal.
Unit Types and Sizes
| Unit Type | Size Range | Features |
|---|---|---|
| Studio | 450-550 sq ft | Efficient layout, built-in storage |
| 1 Bedroom | 600-750 sq ft | Separate living area, balcony |
| 2 Bedrooms | 850-1,100 sq ft | Master bedroom with ensuite |
| 3 Bedrooms | 1,200-1,500 sq ft | Spacious living areas, dual balconies |
| Townhomes | 1,300-1,800 sq ft | Private entrance, yard space |
Interior Features
- Floor-to-ceiling windows for maximum natural light
- Engineered hardwood flooring in living areas
- High-end kitchen appliances by Bosch and Fisher & Paykel
- Quartz countertops and backsplash
- Spacious walk-in closets with organizers
- Energy-efficient heating and cooling systems
- Smart home integration for lighting and climate control
Parking and Storage
The development offers secure underground parking with:
- Electric vehicle charging stations
- Bicycle storage facilities
- Individual storage lockers
- Visitor parking spaces
The thoughtful design of each unit ensures that residents enjoy maximum comfort and functionality. The interior finishes and appliances are selected from premium brands, providing a luxurious living experience while maintaining practicality for everyday use.
Investment Potential
Southgate City Burnaby presents an attractive investment opportunity for both local and international buyers. Several factors contribute to its strong potential for capital appreciation and rental yield.
Market Analysis
- Historical Growth: Burnaby's real estate market has shown consistent appreciation of 5-7% annually over the past decade
- Population Growth: Burnaby's population is projected to increase by 15% over the next 10 years
- Employment Hub: The city is home to major employers including Electronic Arts, BC Hydro, and various tech companies
- Rental Demand: Average vacancy rate in Burnaby remains below 1%, with strong demand for quality rental units
Financial Considerations
- Average Price per Square Foot: $1,200-$1,400 CAD
- Rental Yields: 4-5% gross rental yield for one-bedroom units
- Mortgage Rates: Competitive rates with various financing options available
- Property Taxes: Approximately 0.28% of assessed value annually
Future Development
Several upcoming projects and infrastructure improvements are expected to further enhance Southgate City Burnaby's value:
- Expansion of rapid transit lines in the area
- Development of new commercial spaces along Kingsway
- Upgrades to local parks and community facilities
- Increased investment in tech infrastructure
The combination of strong market fundamentals, strategic location, and ongoing development in the area makes Southgate City Burnaby a compelling investment choice for those looking to capitalize on Burnaby's growth potential.
Community and Neighbourhood
Southgate City Burnaby is situated in a vibrant community that offers residents access to a wide range of amenities and
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