Vancouver's Downtown has a new pre-sale on Richards
I drove by a couple of days ago and the sign is up! 1000 block Richards, where the Richards on Richards nightclub was for decades and the infamous Madam Cleo's massage parlour is going to be a condo project with suites priced from $399,000. Does that transalate to one bedrooms 500 sq.ft., if the cost is $800 pr sq ft or higher?
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Vancouver's West End is well supplied with listings. The market under $500,00 is by far the most active.
Listings 232 - a whopping 60 have had their list price reduced. 135 are listed under $500,000 and 57 are listed between $500,000 and $1 million and 28 are listed between $1 and $2 million, leaving 7 over $2 million. The most expensive is $5,775,000
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Hollyburn Group who own about 20 West End rental buildings gave eviction notices to the tenants of the Glenmore building at the corner of Gilford & Barclay.
82% of all the suites in Vancouver's West End are rental and because the buildings were built in the 1960s and 1970s the rents are lower and attract a lower to middle income tenant. The vacancy rate in the neighbourhood is now 0.2%, in line with the downtown peninsula and not expected to change in the near future.
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Listings 176 - 38 with price reductions and 1 with a price increase. Only 30 listed under $500,000 and 53 between $500,000 and $1 million. 61 listed between $1 and $2 million and 29 listed over $2 million, of those 5 are over $5 million.
The least expensive Coal Harbour suite is $ 329,000 for a studio and the least expensive 2 bedroom is $ 549,000. The most expensive remains the Shaw Tower at $19,000,000.
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notices to the tenants of the Glenmore building at the corner of Gilford & Barclay.
82% of all the suites in Vancouver's West End are rental and because the buildings were built in the 1960s and 1970s the rents are lower and attract a lower to middle income tenant. The vacancy rate in the neighbourhood is now 0.2%, in line with the downtown peninsula and not expected to change in the near future.
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Vancouver condominium specialist. Waterfront neighbourhoods of Coal Harbour, Kitsilano, Downtown, False Creek North, Coopers Landing, West End & Olympic Village. Marketing Vancouver since 1981. A bou
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