Boardwalk 6.

Overview

Boardwalk 6 is a 22-home townhome development at 4230 Cormorant Way, Tsawwassen First Nation, BC V4M 0G7, in Tsawwassen. Homes run 923 to 1,845 sq. ft. Blended pricing is around $663 per sq. ft. Estimated completion is 2026.

At up to 1,845 sq. ft. these are detached-house alternatives rather than starter homes. The buyer is usually a family trading up out of an apartment, or down out of a single-family house.

22 homes is a mid-sized release. Sites this size typically sell through in one or two release rounds, and the best-oriented plans go in the first.

Location

Tsawwassen sits at the southwest corner of Metro Vancouver, Tsawwassen Mills and Tsawwassen Commons for shopping, the BC Ferries terminal for the islands, and Centennial Beach and Boundary Bay Regional Park for the shoreline. Highway 17 connects to the tunnel and Richmond. It is a genuinely quiet coastal setting and an unavoidably car-dependent one.

Tenure: read this part

Homes in the Tsawwassen Shores area are sold on a 99-year leasehold, not freehold. Tsawwassen First Nation holds the underlying land, the developer leases it, and buyers take a long-term sublease. You own the home and can sell or transfer it much as you would a freehold property, but for a defined term rather than in perpetuity.

Practically: property assessment and taxation work through BC Assessment much as in any municipality, and the major banks do lend on leasehold, with CMHC insurance available where its requirements are met. What differs is that your lender pool is narrower than on freehold, and the remaining lease term becomes a factor for future buyers. Get a lender view specific to this property early, not a general pre-approval, and have your lawyer read the sublease before your deposit becomes non-refundable.

None of that makes it a poor purchase. Leasehold is precisely why the per-foot pricing below sits where it does, and for plenty of buyers that trade is worth making knowingly.

The homes

• 22 townhomes
• 923 – 1,845 sq. ft.
• Blended pricing around $663 per sq. ft.
• At that blended rate, roughly $612,000 for the smallest plan and $1,223,000 for the largest
• 15% deposit
• Estimated completion 2026
• Status: Now Selling

How the pricing compares

Measured against 5 other Delta townhome projects in my database, the median blended price is $764 per sq. ft. Boardwalk 6 at $663 sits about 13% below that. A discount that size is usually paying you to accept something, a longer commute, a smaller lender pool, an earlier phase, or a less established neighbourhood. It is worth naming which one before treating it as a bargain.

Direct comparables

Priced under it: Boardwalk 7 at $572 per sq. ft. Priced over it: Southlands – Bayside Mews at $752, Southlands – Centennial Green at $778, Ocean Row at $820 per sq. ft. Those are the projects worth putting side by side with this one.

Narrowed to Tsawwassen specifically (4 comparable projects), the local median is $765, putting Boardwalk 6 roughly 13% below its immediate neighbours.

What I would check before you sign

1. Whether the date holds. A near-term completion on a project still pre-launch or mid-construction is tight. Ask what the outside completion date in the disclosure statement says. That is the date that binds you, not the one in the marketing.
2. The deposit milestones, and whether your funds are committed elsewhere at those dates.
3. The assignment clause. Some developers restrict it outright; know before you sign.
4. GST and the first-time buyer rebate. In this price band the rebate changes the arithmetic materially. Worth running the numbers before you commit.
5. Stacked versus traditional townhome, plus orientation and whether it is an end unit, these drive both livability and resale more than finishes do.
6. What is actually left, and why. Remaining inventory is rarely the pick of the release.
7. Strata fees against the projected budget, not the launch estimate.

I will read the disclosure statement with you before your deposit deadline if that is useful. It is the step most buyers skip and the one that costs money. Reach out for floor plans and current availability at Boardwalk 6.

Find it on the map.

4230 Cormorant Way, Tsawwassen First Nation, BC V4M 0G7