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Vantage West Realty pays out through Guaranteed Home Sale Program as market cools

Vantage honours its pledge

Vantage West Realty had to put its money where its mouth is as the Kelowna housing market cooled somewhat over the last couple months.

The leading Kelowna real estate agency has offered the Guaranteed Home Sale Program for more than a decade. Under the program’s rules, Vantage West guarantees that your home in Kelowna will sell for at least fair market value in an agreed-upon time frame—or it will buy your home.

Well, the market has recently “shifted,” as Vantage West founder AJ Hazzi puts it, and as a result he has been busy writing cheques to the tune of $4.7 million for five homes. He bought a home in Peachland for $1.45 million, one on Mount Royal for $1.05 million and two Rutland properties for $1.85 million after the seller’s decided to go with the company’s instant cash offer option.

“We came up with these programs to offer assurances to our clients that their homes were as good as sold,” Hazzi says. “Obviously the goal is to sell them first, but at the end of the day I’m just glad we are able to offer our clients alternative solutions as we enter a new phase of the Kelowna real estate market.

“For the past two years it’s been crickets on our instant offer program. People far preferred the traditional ‘list it and enjoy the feeding frenzy.' That seems to have shifted in the past couple weeks.”

The benchmark price of a single-family home in the Central Okanagan fell in May, marking just the second time in the last 21 months that the cost has dropped. The Central Okanagan composite benchmark price was $880,000, which was down 1.6% from April’s mark of $909,600.

The Guaranteed Home Sale Program is a life-saver for people who are trying to buy a new home with the profit they receive from their current one. If nothing else, it highly motivates the Vantage West team to get your home sold quickly. If not, Hazzi is there with his chequebook to allow you to move on in the process towards your new abode.

And if you enter into Guaranteed Home Sale Program but your house sells for above the agreed-upon price before time expires, you get the higher price—not Vantage West.

Learn more about the Guaranteed Home Sale Program here.

This article is written by or on behalf of the sponsoring client and does not necessarily reflect the views of Castanet.

Vineyard meets village at West Kelowna’s exciting new community

Vineyard living for $399K

West Kelowna has earned a reputation of a charming holiday getaway. Whether sandy beaches, rolling vineyards or the alluring waters of Okanagan Lake, this picturesque destination in the Okanagan Valley is a favourite among outdoor enthusiasts, wine connoisseurs, nature-lovers and food fans alike. But it’s also an idyllic place to live, with quiet, safe neighbourhoods and quick and convenient access to downtown Kelowna.

Here, in the heart of wine country, is the burgeoning community of Lakeview Village. Exuding a welcoming village atmosphere, the storied neighbourhood is undergoing a revitalization with the development of The Residences at Lakeview Village – and buyers who understand the region’s enduring appeal have an opportunity to secure a home and investment in what promises to become the most sought-after and desirable location in the valley.

Spearheaded by KiND Development Group, The Residences at Lakeview Village is effortlessly raising the bar for upscale condos in the area. The development – which offers a broad unit mix ranging from cozy one-bedrooms to two-bedroom and den homes – is surrounded by family estates and protected agricultural land, ensuring the location’s enviable views of rolling hills, lush vineyards and Okanagan Lake will always be preserved. While phases 1 and 2 quickly sold out, savvy buyers can snap up homes in the next phase when it arrives to market this fall.

Directly adjacent to The Residences at Lakeview Village is an outdoor retail village offering everyday essentials – bakery, brewery, Nester’s Market grocer and a salon, among others. Nearby are wooded trails, a bike-friendly route leading to a regional park, and access to the Westside Wine Trail – a well-trodden path to some of the most well-established wineries in the Okanagan Valley, including Mount Boucherie Estate Winery, Grizzli Winery and Little Straw Vineyards, all walking distance from The Residences at Lakeview Village. Seeking the buzz and amenities of downtown Kelowna? Drive just 10 minutes where remarkable restaurants, boutique shops, parks and a sprawling beach await.

Prefer to stay in? The Residences at Lakeview Village is a homebody’s dream, thoughtfully designed with high-end details and exquisite finishings. Imported Italian kitchens and a light, airy aesthetic are equally suited to socializing and savouring alone time. Buyers can choose the colour scheme that best suits their personal aesthetic – Chardonnay, whose hues are light and soothing, or Pinot, which is sophisticated and luxe. Within the community, gathering spaces encourage impromptu get-togethers and casual conversation. Take an evening stroll in the central courtyard past the illuminated water feature or watch the sunset from the rooftop lounge. If you’re in the mood to workout, the fully equipped fitness centre has everything to get you up and moving.

This area of West Kelowna is a rising star, and Lakeview Village one of its crown jewels – a character-filled community at the beginning of a game-changing evolution. Buyers who want to put down roots, or scoop up a savvy investment, can sign up for further information about the next phase which will hit the market in fall. For more information, visit www.lakeviewliving.ca.

Maestro's at Manteo will offer wide range of Mediterranean food for locals and tourists

Maestro's a masterpiece

It’s an exciting day at Manteo.

Maestro’s at Manteo, a Mediterranean restaurant and terrace, officially opened today at Manteo Beach Resort, magnificent and uninhibited in its ambition to provide a fresh new culinary experience for visitors to the region and to Kelowna residents.

Rudi Heider, director of Argus Properties Hospitality says everything they do at the resort envisions the Okanagan decades from now, and that includes Maestro's place in it.

“Kelowna has many wonderful restaurants, so we know we have to deliver a unique culinary and aesthetic experience that is, in short, second to none,” Heider says. “Our setting on the lakeshore is just that, and we believe our guest experience at Maestro’s will be as well. Our goal is simple and lofty: We aim to be recognized as one of Canada’s finest restaurants. That will take time. Our journey has begun.”

The restaurant is part of a larger strategic and long-term vision for the two lakeside properties. The Hotel Eldorado and Manteo are owned by Argus Properties. CEO Ted Callahan envisions the hotels becoming the premier lakeside resort destination for visitors to Kelowna from B.C., Canada, the U.S. and around the world, with guests seamlessly experiencing all that both properties offer. Maestro’s is part of that vision and has undergone a complete renovation and redesign, leaving nothing unchanged. The restaurant has 80 seats inside and 120 on the terrace, offering sweeping, unparalleled views of Lake Okanagan.

The cuisine will be second to none and unlike any other offered in the Okanagan. The chef has created an imaginative menu drawing inspiration from around the Mediterranean, from countries like Italy, Greece, Spain, and in North Africa and from cities such as Genoa, Nice, Valencia and Split; for guests, Maestro’s will present an endless variety of extraordinary culinary choices.

The wine list, which is spectacular, features sought-after wines from the Okanagan Valley and from many other world class regions, chosen to perfectly complement the delectable food offerings.

From early beginnings in tourism and hospitality, Argus Properties Hospitality is now recognized as a top hotelier. Through a punishing pandemic, Argus Properties has continued to invest in tourism and hospitality, with a clear eyed vision of the Kelowna and Okanagan of 2032, 2042 and beyond.

Tony Peyton, spokesperson for Argus Properties, says this commitment to tourism and hospitality continues a long tradition at both hotels.

“These roots run deep,” he says. “In 1923 Countess Bubna, an eccentric and enormously wealthy English woman, arrived in the Okanagan and decided to build the original Hotel Eldorado on the lakeshore just south of Kelowna. ‘The El’ opened in 1926 and quickly became one of B.C.’s premier destination resorts.

“Many counted ‘The Countess’ out and questioned her vision, but time has shown her to be right and today the Okanagan has become Canada’s top tourist destination. That boldness of ownership and vision is the legacy of Countess Bubna and has continued through to 2022.

“Maestro’s at Manteo reflects that boldness and vision, as does the Eldorado Resort: One resort. Two worlds.”

More information about Maestro's at Manteo can be found here.

This article is written by or on behalf of the sponsoring client and does not necessarily reflect the views of Castanet.

CedarCreek Estate Winery holding two concerts this summer against sunset backdrop

CedarCreek concerts return

The return of live music to CedarCreek Estate Winery this summer will have a decidedly East Coast flair.

The Summer Concert Series is back at CedarCreek, giving locals and visitors alike the chance to enjoy some sweet music against the backdrop of a beautiful Okanagan sunset.

The first concert will feature Tim Baker on Wednesday, July 20, and the second will have Matt Andersen taking the stage on Wednesday, Aug. 17.

“Tim Baker and Matt Andersen are both awesome artists,” CedarCreek winemaker Taylor Whelan says. “They are coastal Canadians from the Maritimes and there is an unmistakable authenticity to them that is really refreshing.”

Baker is a Canadian singer-songwriter from St. John’s, N.L., and the former lead singer of the indie rock band Hey Rosetta! Since embarking on his solo journey with the award-winning debut solo album Forever Overhead in 2019, Baker has been busy creating music that harnesses the universal impacts of recent years of social isolation.

Andersen, meanwhile, is a Juno-nominated Canadian blues guitarist and singer-songwriter from Perth-Andover, N.B., who does more than 200 sellout shows across North America and Europe each year. Throughout his career he has shared the stage with April Wine, Bo Diddley, Little Feat, Greg Allman, Serena Ryder and many more musicians of all genres.

Andersen’s winery show will bring together current fans and introduce new followers to his commanding voice and powerful music, including his ninth record, 2022’s House to House.

There are three ways to enjoy the concerts:

• Music & Wine includes two glasses of CedarCreek Estate wine, live music and complimentary shuttle service.

• Music, Mezze & Wine gets you two glasses of CedarCreek Estate wine, live music, Mediterranean-inspired mezze snack box prepared by Home Block chef Neil Taylor and complimentary shuttle service.

• Top Table Seating is a VIP experience that includes table seating for four, a welcome glass of sparkling wine, bottle service, live music, a shared mezze platter and complimentary shuttle service.

Tickets are on sale for both the Tim Baker and Matt Anderson concerts.

“We are thrilled to be welcoming back our community for concerts this summer,” guest experience manager Brynne Dickson says. “The intimate nature of the outdoor concert space and the stunning sunsets here make this a one-of-a-kind experience you will not want to miss.”

You can, of course, enjoy CedarCreek Estate Winery any time. More information about one of the Okanagan's most picturesque wineries can be found here.

This article is written by or on behalf of the sponsoring client and does not necessarily reflect the views of Castanet.

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