We have listed a new property at 1 4132 HALIFAX ST in Burnaby.
Rare 3 bedroom / 3 bathroom CORNER unit TOWNHOUSE in Brentwood Park. Tons of natural light in this newly updated spacious home. Granite counter tops, Stainless steel appliances, formal dining room, private fenced patio off kitchen. Large master bedroom has 4 piece ensuite. 2 balconies upstairs with gorgeous views. 9 ft ceiling thruout. Amenties include gym, outdoor pool and a a couple blocks from the Amazing Brentwood and soon to be built Linear Park. Steps to Save on food, Skytrain, Cactus club. Pets and rentals allowed! 2 side by side parking stalls, and 1 storage locker included. This townhome has it all. Open House Saturday and Sunday 2-4pm. We have sold a property at 2702 400 CAPILANO RD in Port MoodyWe have sold a property at 2702 400 CAPILANO RD in Port Moody.
DISTINGUISHED.LUXURY.PENTHOUSE. Top 5 Reasons this RARE, Dramatic Residence is a DREAM 1)VIEWS. Ever Changing Colors Radiate Through Stunning 11'4ft Floor-Ceiling SouthWest Windows. Unobstructed Burrard Inlet & Mtns 2)HOME IN THE SKY. Sprawling, Airy&Open 1650ft Plan Boasts 3 Large Bedrooms, 2 Baths. Exclusive Corner, Only 3 Neighbours 3)PATIO. Entertain,Garden,Relax. Endless (49'6x9'6ft) Sun Drenched Patio&Terraces=696ft 4)CUSTOM. Premium Updates inc/Vinyl Plank Flooring, Custom Tile F/P, Black-Out Roller Shades, Built-In Closets & Murphy Bed, Modern Door Fixtures, Chef's Kitchen w/Commercial Fridge & Double Wall Ovens. Designer Lighting, Fans & Paint. Antique Barn Door 5)VILLAGE. Resort Amenities inc/Pool. Inlet Trails. Rocky Point. Transit. Shopping. Maple Ridge man sues stepdaughter over dispute involving real estate flipPublished on: July 18, 2017 | Last Updated: July 18, 2017 6:11 PM PDT
![]() The division of proceeds from the sale of this house on Wharf Street in Maple Ridge is the subject of a legal dispute between a father and stepdaughter. A dispute over an alleged real estate flip has landed a B.C. family in court. Gary McNeal, a building contractor and roofer, claims that in June 2014, he and his stepdaughter, Shannon Lorraine, agreed to participate in a “flip” regarding a waterfront property in Maple Ridge. The property at 20194 Wharf St. is located on the Fraser River and at the time of the purchase had a dilapidated house that could be renovated, says McNeal’s notice of civil claim filed in B.C. Supreme Court. It represented a “ripe opportunity” for those involved in flipping real estate, adds the suit. When he first approached Lorraine with the opportunity, his stepdaughter, who he had known and helped raise since she was eight, decided not to participate but later changed her mind, says the lawsuit. They agreed to have him focus on renovating the house and improving the property and her handle all applications for financing, says the suit. All financial benefits would be split evenly and upon selling the property, profits would be distributed in equal parts, subject to any “over-contributions” which would be reimbursed before profits were disbursed, it says. Lorraine informed McNeal that given his status as a self-employed person and his credit history, they would be charged a higher interest rate if they applied jointly for financing; as a result, she proposed that she become the registered owner with her holding his half interest in the property in trust for him, says the lawsuit. In September 2014 the property was purchased for $347,500. In December 2016, when Lorraine decided to move to Vancouver Island, the two decided to sell the property; on April 12, 2017, it was sold for $865,000, says McNeal’s suit. “Having reposed his complete faith in his stepdaughter, Mr. McNeal disproportionately contributed to the property’s improvements, as a result of which it was sold for net proceeds exceeding the sum of $490,000.” McNeal claims in his suit that Lorraine has refused to deliver his share of the profits. He’s seeking an injunction to restrain her disposition of assets and a declaration that he is a holder of an equitable interest in any properties she has acquired with his funds in addition to general, punitive, aggravated and exemplary damages. In a response filed in court, Lorraine denies McNeal’s allegations and says she bought the property with the intention that it would become her residence. “The property was not purchased with a view to ‘flipping’ it,” she says in her response. Lorraine, an administrative assistant, says McNeal does not hold a “beneficial” interest in the property and there was no agreement with respect to sharing expenses, profits or losses equally regarding the property. She says she hasn’t breached any contract with McNeal, did not own the property subject to a trust in favour of him and does not owe him a fiduciary duty as alleged. “The defendant has not been unjustly enriched as alleged or at all,” says her response. “The plaintiff has not sustained any loss, damage or expense caused by the defendant as alleged, or at all.” Lorraine says she was reluctant to take on the level of financing required to purchase the property but was encouraged to do so by McNeal, and claims McNeal informed her that he would help her if necessary. We have sold a property at 12329 212 ST in Maple RidgeWe have sold a property at 12329 212 ST in Maple Ridge.
: PREMIUM WESTSIDE LOCATION! Welcome to one of Maple Ridge's finest established neighbourhoods. This highly desirable FLAT, MAIN LEVEL ENTRY RANCHER style home backs on to PARK GREENBELT with view of GOLDEN EARS MTNS from the front. This fine home offers many features including: UPDATED KITCHEN with soft closing Maple cabinetry, QUARTZ countertops with glass backsplash, S/S appliances with convection wall range, laminate flooring throughout kitchen and open spacious family room, 2-3 years young HEAT PUMP & FURNACE, BRAND NEW driveway, NEW EPDXY garage floor finishing, all NEW EXTERIOR doors incl. garage door, newer carpet, built in vacuum & all attachments, security system, new interior paint, COVERED DECK & PATIO 2 years old, BONUS full unfinished basement for storage and your own ideas. We have sold a property at 702 235 GUILDFORD WAY in Port MoodyWe have sold a property at 702 235 GUILDFORD WAY in Port Moody.
Concrete building by Bosa! Fantastic unit in a great location. Live in the heart of New Port Village. Trendy shops and restaurants. Steps to Port Moody recreation centre and library, easy access to bus/west coast express and evergreen line station. Beautiful unit with laminate flooring, fireplace and designer colours. 2 bedrooms/2 full baths. Great layout with private master. Open concept kitchen with large south/west facing balcony overlooking the water & mountains. 1 Parking 1 locker. We have sold a property at 1307 1148 HEFFLEY CRES in CoquitlamWe have sold a property at 1307 1148 HEFFLEY CRES in Coquitlam.
The Centura! Bright, unobstructed views, end unit, 2 bedrooms, 2 baths, 2 car underground parking, locker, updated with granite counter tops, new toilets, crystal dining room chandelier! Problem free building, well maintained, quick possession preferred. Steps from skytrain, shopping centre, Douglas college, transit centre, aqua fitness. Rentals allowed. Open House Sunday, July 1 & 2, 1pm - 4pm. Open House. Open House on Sunday, July 16, 2017 2:00PM - 4:00PM
Please visit our Open House at 4331 VENABLES ST in Burnaby.
Open House on Sunday, July 16, 2017 2:00PM - 4:00PM
Welcome Home! Great starter home on the heights. Almost 2,000 square feet home on a 33 x 122 level lot on a great block in North Burnaby. 1 Owner home, European built. Upstairs is 2 bedrooms / 1 bathroom. Downstairs has a separate suite with its own entry for a great mortgage helper. This is a rare opportunity to own your home on the heights. Huge 250 square foot North facing covered deck, and this home is wheelchair accessible (Outdoor elevator included). Open House Saturday / Sunday 2-4 pm.
Open House. Open House on Saturday, July 15, 2017 2:00PM - 4:00PM
Please visit our Open House at 4331 VENABLES ST in Burnaby.
Open House on Saturday, July 15, 2017 2:00PM - 4:00PM
Welcome Home! Great starter home on the heights. Almost 2,000 square feet home on a 33 x 122 level lot on a great block in North Burnaby. 1 Owner home, European built. Upstairs is 2 bedrooms / 1 bathroom. Downstairs has a separate suite with its own entry for a great mortgage helper. This is a rare opportunity to own your home on the heights. Huge 250 square foot North facing covered deck, and this home is wheelchair accessible (Outdoor elevator included). Open House Saturday / Sunday 2-4 pm.
New property listed in Willingdon Heights, Burnaby NorthWe have listed a new property at 4331 VENABLES ST in Burnaby.
Welcome Home! Great starter home on the heights. Almost 2,000 square feet home on a 33 x 122 level lot on a great block in North Burnaby. 1 Owner home, European built. Upstairs is 2 bedrooms / 1 bathroom. Downstairs has a separate suite with its own entry for a great mortgage helper. This is a rare opportunity to own your home on the heights. Huge 250 square foot North facing covered deck, and this home is wheelchair accessible (Outdoor elevator included). Open House Saturday / Sunday 2-4 pm. New property listed in Montecito, Burnaby NorthWe have listed a new property at 6934 KITCHENER ST in Burnaby.
Welcome Home! This European built, 1-owner beauty has everything you are looking for. 1) Location! Situated in North Burnaby's quiet and family oriented Montecito area. 2) Lot! Huge 60 x 120 flat lot. Completely landscaped with a detached garage and patio in the back. 3) House! Has everything you could want. 3 fireplaces, large covered south facing sun deck, renovated thru out. Ensuite bathroom, his and her sinks, granite counters, real wood flooring, new appliances , new roof and much more. 4) Rental income! Downstairs has a great 2 bedroom mortgage helper with 2 students paying $1600/month, separate entry for everyone's convenience. 5) Peace of mind! Enjoy knowing you are purchasing this 1 owner meticulously kept home! |