Image courtesy Pinnacle Living at Capstan Village
If you’ve all but given up hope of owning your own home in Richmond because prices are in the stratosphere, an act of charity could temporarily restore a sliver of that hope while helping to support an amazing cause.
VGH and UBC Hospital Foundation’s Millionaire Lottery this year offers a spacious 1,100-plus-square-foot Richmond condo at Pinnacle Living at Capstan Village as one of its grand prize options. The condo is worth nearly $1 million.
Angela Chapman, senior vice president of philanthropy for the foundation, said money raised from the lottery supports the purchase of “much-needed equipment” that costs under $100,000 like ceiling lifts for patients with mobility challenges to ventilators to exoskeletons that help people with spinal cord injuries walk again. The equipment and funding benefits Vancouver General Hospital, UBC Hospital, the GF Strong Rehabilitation Centre, Vancouver Coastal Health Research Institute, and Vancouver Community Health.
This year’s lottery is expected to net the foundation $2.5 million for equipment and research.
“It’s grown year upon year. In the 22 years we’ve done this, we’ve raised about $50 million,” Chapman said.
“I think one of the reasons people like these lotteries is they have an opportunity to win a prize themselves. They are doing something nice for themselves, having this chance to kind of aspire to this dream of this wonderful property and cash…and ultimately it does something very good for other people too.”
Grace Kwok, of Anson Realty, gave The Richmond Sentinel a tour of the high-ceiling display suites at the new Pinnacle Living at Capstan Village residential towers at Capstan and Sexsmith Road in north Richmond. The towers are expected to be completed by the summer of 2018.
The grand prize Richmond condo is a three-bedroom nearly 1,200-square-foot unit that overlooks the Pinnacle Club amenities area which boasts a gym with enough space for two badminton courts or one half-court basketball court, an indoor heated swimming pool and hot tub, two lounges, a fitness centre and separate dance room, a children’s play room, theatre and mahjong room.
Of the roughly 400 units that originally went up for sale at Pinnacle Living two years ago, only a couple dozen remain unsold, Kwok said.
Plans to build a new Canada Line station at Capstan Way are well ahead of schedule, with council recently having furnished TransLink with $3.5 million for the design of the station. The full $27.8 million required to pay for the station could be collected from developers by next year, which means a new Capstan Way station could be completed as soon as 2021.
The deadline for the Early Bird draws, which features two winners and a total of $250,000 in prizes, is midnight on Sunday, Dec. 24, with those prizes drawn on Jan. 10, 2018.
The final ticket deadline is midnight on Friday, Jan. 12, 2018.
The Grand Prize, which features a choice of seven grand prize homes in Vancouver, South Surrey, Squamish, Kelowna and Vancouver Island, and final draws will occur on Thursday, Feb. 1, 2018 at Global TV studios.