Morningstar Homes SOMERTON neighborhood introduces Coquitlam’s first coach homes to the market

Oct 27, 2012 06:00 AM EDT

SOMERTON, the new community developed by Morningstar Homes, is offering buyers something completely new to Coquitlam – coach homes. There will be three distinct home designs for purchasers to choose from, with a detached garage with the option of a fully appointed coach home above, available with all three designs.

SOMERTON is a single family home neighborhood located in Coquitlam’s Burke Mountain community and is comprised of 34 homes. The homes incorporate contemporary designs and quality features usually only found in million dollar homes, something which Morningstar is able to offer at a much lower price, with homes in the development ranging from the upper $600,000s.

"We recognized the need for innovation in housing in Coquitlam," says Richard Stewart, Mayor of Coquitlam. "Coach homes are an excellent addition to our neighbourhoods and Somerton provided a great opportunity to introduce coach homes to the market in Coquitlam."

Laneway and coach homes are already a popular real estate option in Vancouver due to the additional space and rental opportunities that they provide, and the fact that these “mortgage helper” innovations are spreading into Vancouver’s bedroom communities is no surprise.

“We always strive to offer our purchasers the best,” says Robert Morse, president and CEO of Morningstar Homes. “By incorporating coach homes into our new SOMERTON project we are giving our buyers more options – whether that be additional space for their family, or as a way to help them pay down their mortgage as a rental property while retaining the basement for their own use.”

Robert Morse says that Morningstar made the coach homes as affordable as possible at Somerton. In Vancouver the cost of a laneway home is $210,000 to $260,000 and Morse expects the Somerton Coach homes can be added for an additional $60,000 on the cost of the home.”

Morningstar Homes is a respected builder in the Vancouver Lower Mainland.. Its recently launched project Kingston is now over 88% sold after only 4 months on the market.

The homes in SOMERTON will are approximately 3000 sq. ft. Homes are currently under construction with occupancies available beginning early 2013. Sales will begin in November 3, 2012.

Morningstar Homes Ltd.

Morningstar Homes Ltd. is one of British Columbia’s largest and most reputable builders of single-family homes. Founded in 1999, the company has quickly prospered with an experienced management team. Morningstar is committed to building high quality homes that are easy to maintain and offer long-term value. Morningstar is an associate of Polygon Homes Ltd., one of the leading homebuilders in British Columbia since 1980.

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