Presale Pro Tip Series: Presale Amenities

June 12, 2024 | Matt Council's Market Minute | By Matt Council

The Allure of Amenities

Developers use amenities to set their projects apart, especially in competitive markets. They’re great for marketing, and some truly enhance day-to-day living.

But every amenity has two price tags:

  1. The cost to build (included in your purchase price)
  2. The cost to maintain (reflected in your monthly strata fees)

High-Impact Amenities (When They’re Worth It)

  1. Fitness Facilities
    A well-equipped, spacious gym can save you a separate membership and appeal to future buyers.
  2. Rooftop Terraces & Lounges
    Outdoor space with views can be a major selling point, especially in high-density areas.
  3. Secure Parcel Rooms & Cold Storage
    With online shopping and meal deliveries on the rise, these are practical, modern conveniences.
  4. Co-working Spaces
    Increasingly relevant for remote workers, and a solid resale talking point.

Amenities That Can Drive Up Fees Quickly

  1. Pools & Hot Tubs
    High maintenance, constant upkeep, and significant ongoing costs.
  2. 24/7 Concierge
    Offers convenience and security, but salaries add up fast.
  3. Private Theatres & Game Rooms
    Fun in theory, but often underused and still costly to maintain.
  4. Specialty Spaces (Wine Cellars, Golf Simulators)
    Unique appeal, but only to a niche audience.

Questions to Ask Before You Buy

  • How will these amenities impact strata fees over the next 5–10 years?
  • Are they features I’ll actually use?
  • Do they align with my lifestyle, or just look good in the brochure?
  • How well are similar amenities maintained in the developer’s past projects?

Local Insight: North Shore Presale Amenities

On the North Shore, amenities tend to lean toward lifestyle and outdoor enjoyment. Think bike repair stations, kayak storage, and landscaped rooftop decks. Many projects here avoid the costliest features (like pools) to keep strata fees more manageable.

However, luxury waterfront and high-rise developments in Lower Lonsdale or West Vancouver’s waterfront will often include high-end amenities, and correspondingly higher monthly fees.


Pro Tip: Match Amenities to Your Lifestyle and Resale Plans

Amenities are most valuable when they align with how you live and how future buyers will live. Your realtor can help you weigh the true cost against the benefit, and identify developments where amenities enhance value without ballooning strata fees.


Thinking of Buying a Presale on the North Shore?

Let’s make sure you’re getting the right unit, in the right project, at the right time — with no surprises. Reach out for expert guidance on North Vancouver and West Vancouver presales, and let’s walk through your options together.

 


Contact Matt.