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Paradigm at River District targets first-time home buyers

Paradigm at River District is now selling, targeting first-time home buyers with prices starting in the low $400s, a rarity for Vancouver condos.

Paradigm consists of three components: a 22-storey tower, five-storey midrise, and three-storey townhomes, with units ranging from 455 to 1,600 sq ft.

There are a total of 268 units, and developer Wesgroup Properties says they’ve had an overwhelming response to the presale launch, with over 500 people attending the sales centre on opening weekend.

“The majority of our buyers to date have been first-time buyers and Paradigm was conceptualized with these home buyers in mind. Not only do the prices of our one-bedrooms start at $419,900 and two-bedrooms at $699,900, the finishes and amenities are not compromised in any way,” says Brad Jones, vice president of development at Wesgroup Properties.

Renderings: Paradigm at River District

Paradigm at River District courtyard
Courtyard rendering. Credit: Wesgroup Properties
Paradigm at River District lobby
Lobby rendering. Credit: Wesgroup Properties
Paradigm amenity room
Rooftop amenity area. Credit: Wesgroup Properties
Paradigm kitchen
Kitchen rendering. Credit: Wesgroup Properties
Paradigm amenity room
Amenity room. Credit: Wesgroup Properties

Amenities include a double-height lobby, sixth-floor garden terrace, fitness facility and courtyard. The architect is DIALOG.

Paradigm is the latest tower at River District, a master-planned community along the Fraser River in southeast Vancouver.

Once complete, the neighbourhood will be home to 15,000 residents and 7,000 homes, plus retail, restaurants and other amenities. The 130-acre site is three times the size of Granville Island.

Jones says the River District vision is steadily taking shape, with several new retailers slated to join the community this year.

“The ongoing vision for River District is starting to becoming a reality with more retailers now opening, contributing to a more active and vibrant community. This year we also anticipate a daycare, additional restaurants including Browns Socialhouse, and other services like Shoppers Drug Mart to be opening.”

He adds the neighbourhood is ideal for families, as well as first-time buyers seeking an affordable home ownership option with a Vancouver address.

“Situated in a quieter part of Vancouver, River District is a place for families to grow or to downsize and we see this occurring with new and existing residents in the area.”

Related stories

Aerial view from south of project
Aerial view from south of upcoming project. Credit: Wesgroup Properties
River District tower GBL Architects
Upcoming affordable rental apartment tower at River District. Credit: GBL Architects
Tower rendering MODE at the River District
MODE tower rendering at the River District. Credit: Wesgroup

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Peter Meiszner
Peter Meiszner
Peter Meiszner is an experienced journalist and media relations professional, based in Vancouver. As founder of urbanYVR.com, he has been reporting on urban development across the Lower Mainland since 2016, and has also served as vice-chair of the Gastown Historic Area Planning Committee. In October 2022, he was elected to Vancouver city council and is no longer actively reporting for urbanYVR.

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