Edgewater Estates is a proposed development site with a high potential of a buy out from a big Developer such as Polygon. With a brand new development just completed by Polygon down the street, The Wedgewood, and an adjacent site across Premier St ready for redevelopment, it is simply a matter of time before this sprawling 15 acre site gets acquired for demolition and redevelopment. When this occurs, a determined majority vote must occur, and homeowners are often persuaded by above market buy-out prices because the highest and best use is now a townhouse or multi-unit low rise development with much more value than one hundred 42 year old wood frame apartments. Ideally located near parks and recreation, Capilano University, Transit, Shopping, and easy freeway access on a massive 15 acre property.
Whether you are looking for a bright and peaceful place to raise your kids, relax with pets and friends, or BBQ on your patio; or an intelligent investment property with positive cash flows and a Buy Out scenario in the near future, this solid unit in a great complex is a must see!
