Now Selling
Quintet - Vancouver East
2240 East 40th Avenue, Vancouver BC
- Type:Townhouse
- Est. Completion:2026
- Priced from:
Price$1,250,000
- Last Updated:December 18, 2025
Key Details
City
Vancouver
Neighbourhood
Victoria Vancouver East
Construction Type
Wood Frame
Units/Floors
5 / 3
Bedrooms
3 - 4
Developer
THT Properties
Living at Quintet
Development Description
Quintet Vancouver East is a boutique collection of five modern townhomes thoughtfully designed for harmonious, multi-generational living in one of East Vancouver’s most connected residential pockets. Set along a quiet, tree-lined street just minutes from Kingsway and Nanaimo Street, Quintet places daily conveniences, transit, parks, and neighbourhood amenities within easy reach while maintaining a calm, residential feel. This balance of accessibility and privacy makes Quintet Vancouver East an appealing option for families, downsizers, and professionals seeking refined urban living without compromise.
Architecturally, Quintet showcases a modern West Coast aesthetic defined by pitched rooflines, durable exterior materials, and clean, timeless detailing. Homes are designed with generous layouts that support flexibility, whether for extended family living, home offices, or ground-level recreation spaces rarely found in comparable townhome offerings. Landscaped pathways and private outdoor areas enhance the sense of community while offering residents quiet moments to unwind.
Interiors blend Japanese-inspired minimalism with Scandinavian warmth, creating calm, functional spaces filled with natural light. Open-concept main floors are designed for everyday living and entertaining, while upper levels provide peaceful retreats with well-proportioned bedrooms and spa-inspired bathrooms. Thoughtful storage solutions and smart layouts reflect an emphasis on livability as much as design.
Home Features & Finishings
- Modern West Coast–inspired architecture with durable exterior materials
- Open-concept living and dining areas with large windows for natural light
- Gourmet kitchens with custom cabinetry and quartz countertops
- Integrated appliance packages including a gas cooktop and a wall oven
- Engineered hardwood flooring throughout the main living areas
- Spa-inspired bathrooms with premium fixtures and walk-in showers
- Flexible ground-level spaces ideal for home offices, gyms, or guest rooms
- Private patios, balconies, or rooftop decks, depending on plan
Amenities & Community Highlights
- Boutique, low-density community of just five townhomes
- Landscaped common pathways and outdoor seating areas
- Proximity to local parks, schools, and community centres
- Easy access to Nanaimo SkyTrain Station and major bus routes
- Quick connections to Kingsway dining, shopping, and services
About the Developer - THT Properties
THT Properties is a Vancouver-based developer focused on creating thoughtfully designed homes that balance functionality, durability, and timeless style. With an emphasis on livability and long-term value, THT Properties brings careful attention to detail across architecture, interiors, and community planning. Their approach prioritizes well-crafted spaces that support real life, making Quintet Vancouver East a natural extension of their commitment to quality urban housing.
Quintet Digital Brochure
Quintet Floor Plans
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- Discounts on purchase price
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- Premium finishes or upgrades
- Strata fee credits
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Frequently asked questions
Have a question about Quintet or the Vancouver presale market? Feel free to reach out anytime – we’re here to help!
No, but sales staff work for the developer. Having your own agent means you have someone to protect your interests.
Yes. It’s called an assignment, but always check your contract because some projects have restrictions.
Your main option is to assign it to another buyer before completion, but check your contract for any limits or fees.
A presale occurs when a Developer sells a property, typically a condo or townhouse, to a buyer before it’s built or completed. Buyers secure a unit in a new development during the early stages, often based on floor plans, renderings, and show suites. The property is delivered once construction is complete.
Completed developments with remaining unsold units are still considered presales until those homes are officially purchased.
Risks:
- Delays: Construction timelines can be unpredictable – delays of 1–2 years are not uncommon.
- Commitment: Once you’ve signed, you’re locked in. If your finances or plans change, backing out isn’t easy. However, depending on your contract, resale through assignment might be an option.
- Uncertainty: Fluctuating interest rates and market downturns can impact the property’s value and resale potential
Benefits:
- Brand new home: You’ll be the first to live in it, with no immediate renovations needed.
- Warranty protection: Most presales come with a 2-5-10-year warranty, helping you save on repairs.
- Time to save: With completion typically 2–3 years away, you have more time to prepare financially.
Yes – 2025 and 2026 may be one of the best times in years to buy a presale condo.
Construction across B.C. has slowed sharply, with many developers pausing or cancelling projects. Because new homes take years to complete, today’s slowdown means fewer condos will be available by 2027 – 2030 – setting the stage for future price growth.
Today’s near-completion presales are selling at discounted prices with flexible deposits – often matching or beating resale values. Under the new government rules, most qualifying presales are also fully exempt from Property Transfer Tax and eligible for a 100% GST rebate, adding thousands in savings.
That said, we recommend focusing on projects nearing completion or those by reputable, well-established developers to ensure delivery confidence and long-term value protection.
Yes, presale purchases require an upfront deposit. While every developer may have slightly different terms, here’s what’s typical:
- Upon signing the purchase agreement, you’ll pay an initial deposit.
- You’ll then have a 7-day rescission period to reconsider your decision.
- If you move forward, you’ll usually pay 5-10% upfront, with additional payments of 5% spread out over the following 12-18 months.
- Deposits typically amount to 15-25% of the purchase price, which is applied toward the down payment upon completion of the home.
In British Columbia, buyers of pre-construction homes have a seven-day rescission period. This allows them to cancel the purchase agreement within seven days of signing the contract or receiving the Disclosure Statement, whichever is later. To rescind, buyers must provide the developer or brokerage with written notice.
However, this right only applies to new purchasers who have not previously received a Disclosure Statement for the development. If a buyer has already received a Disclosure Statement for the same property, they do not have a second rescission right. Deposits must be held in trust, and if the contract is rescinded properly, the deposit must be promptly refunded.
No. You don’t need a mortgage when you sign the presale contract. Your mortgage only kicks in when the home is finished and the transaction is complete.
You won’t start making mortgage payments until the development is complete and the home is ready for possession. However, it’s a good idea to begin arranging your mortgage early, ideally when you purchase the presale. This helps you better understand ownership costs, gives you time to prepare financially, and may help you secure a more favourable mortgage rate closer to completion.
As of May 27, 2025, if you’re buying or building a new primary residence and haven’t owned a home in the past 4 years, you may qualify for:
- 100% GST rebate on homes priced up to $1M
- Partial rebate on homes priced $1M–$1.5M
This applies to new homes from builders, owner-built homes, and co-ops. The rebate is valid for contracts signed between May 27, 2025, and May 26, 2031.
Presale (new) homes in BC may be exempt from Property Transfer Tax if their fair market value is $1,100,000 or less. This exemption applies to various newly built properties, including those constructed on vacant land.
- A new condo unit in a newly built building
- A newly placed manufactured home on vacant land
- Other qualifying newly built residences