Riverwalk Ave & Kinross St, South Vancouver
Developer: Wesgroup
Status: Cancelled
Introduction
“Wesgroup has made the difficult decision to cancel our Ardea project at River District.”
“Ardea was envisioned as a landmark waterfront community, but higher-than-anticipated construction and delivery costs specific to this project mean that it is no longer viable for us to move forward.”
Wesgroup stressed that it remains “financially strong” and is working to complete more than 2,000 homes it currently has under construction in the River District and elsewhere.
However, the cancellation comes amid a significant downturn in the condo market, particularly in the Toronto and Vancouver markets.
Toronto has seen condo sales fall by 75 per cent since 2022, while Vancouver sales have dropped by 37 per cent in the same time frame.
The project was slated to feature five buildings located along the river, one of which was to be a standalone amenity building dubbed “Stil Haus.” An archived version of the Ardea website describes Stil Haus as “spa-inspired,” with “steam room, sauna, hot tub and cold plunge pool,” plus a fitness studio and a “relaxing zen garden.”
Cancelling the project was not a move Wesgroup took lightly, according to the company’s statement, which notes the impact cancellation will have on “purchasers, trades and other project partners.”
“Purchasers will have their deposits returned to them in full as per the terms of their agreements,” Wesgroup said.
The company added that it “remains fully committed to the long-term success” of the River District, which has seen 2,400 homes built across 11 mixed-use projects to date.
“We are now reassessing our plans for the Ardea site and will bring forward a new project that is more viable,”
PREVIOUS PLANS
ON THE WATERFRONT
Get ready for a waterfront lifestyle—an expansive new park in a modern home with unique amenities and stunning views. Ardea is a collection of one-, two-, and three-bedroom + den condos and townhomes in South Vancouver’s vibrant River District.
A SOUTH VANCOUVER COMMUNITY.
The River District has been in the making for over ten years. It is shaping into one of Vancouver’s most diverse waterfront neighbourhoods through a network of trails connecting to sprawling parks, a future community centre and daycare. Everyday conveniences, restaurants, and shops are within walking distance from home. With 25 acres of parkland and 1.5 kilometres of riverfront paths only steps away. Nature is a constant companion as you experience life at Ardea.
Ardea at River District is designed for a waterfront lifestyle.
Designed for a waterfront lifestyle, Ardea is located in the quiet side of River District, Vancouver, but still within minutes ‘ walk to the Town Centre, where you can shop and dine. Contact me to learn more about River District’s newest and most sophisticated collection of 1, 2 and 3-bedroom waterfront homes.
These are waterfront homes in Vancouver’s last waterfront neighbourhood. Ardea is Wesgroup’s newest and most upscale home in River District, a master-planned community. We are excited to offer early access to all our VIP clients. If you are interested in this project, send a message for more information.
TIMELESS LIVING
- Choice of two designer-curated schemes:
- Classic and Contemporary
- Warm laminate flooring flows throughout
- Over 9’ ceiling heights
- (with drops in some rooms)
- Solid core suite entry doors for added sound
- insulation
- Built-in shelving in the master bedroom closets for
- well-organized belongings
- Energy-efficient low-E glass windows
- Window coverings throughout, with blackout
- blinds in bedrooms
- WiFi-enabled heating and cooling system for
- year-round comfort
- Front-loading full-sized Whirlpool washer
- and dryer
REFINED KITCHEN
- Quartz countertops with complementary
- backsplash
- Modern shaker cabinets for a Classic scheme
- Square-edge, flat-panel cabinets for
- The contemporary scheme, with walnut-coloured
- panels on the kitchen island
- Integrated Bosch appliance package:
- 24” refrigerator in 1-bedroom homes
- 30” refrigerator in 2 and 3-bedroom homes
- 30” gas range cooktop
- 30” wall oven
- Dishwasher
- AEG slide-out range hood fan
- Panasonic built-in microwave with trim kit
- Drawer organizers keep cutlery and other
- accessories neatly arranged
- Stainless steel double-bowl sink in
- 2 & 3 bedroom homes
- Single-bowl stainless steel sink in
- 1-bedroom homes
RELAXING BATHROOM
- Matte-black Kohler fixtures, including a
- rain showerhead and handheld showerhead
- in ensuites
- Frameless glass shower with porcelain tile
- Surround in ensuites
- Quartz shower niche keeps toiletries handy
- in ensuites
- Framed vanity medicine cabinet with backlit
- mirrors in en-suites
- Heated large-tile flooring in en-suites
- Kohler bidet in en-suites
- Refined quartz countertops with tiled vanity walls
- Soaker tub with porcelain tile surround in
- main baths
Property Highlights
Units: 204
Storeys: 4 to 12
Completion: 2026
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