East Vancouver is becoming a more and more popular place for people of all demographics to purchase Real Estate, both a place to live and an investment property. Here are my top 5 reasons you should consider East Vancouver for your next Real Estate purchase:
- Room for growth. Unlike areas like Yaletown which has reached the proverbial ceiling as far as potential to increase in price East Vancouver is still in the early stages. Gentrification is what the experts and city planners call it but what it is in reality is great people choosing to live in areas like Mount Pleasant, Commercial Drive and the Railway district instead of being told they should live in Yaletown or Coal Harbour.
- Sense of community. If you take a walk down Main Street, Commercial Drive or Wall Street (especially if you have a dog) people will actually talk to you-crazy I know. People are proud to live in these areas and they take pride in knowing their neighbours and in the community feeling there is in the middle of a big city.
- There is great Real Estate in East Vancouver! If you can’t live in a 500 square foot box in the sky and are looking for something with a bit more character East Vancouver is the place for you. How does a two-level concrete loft sound for under $400,000? (Cannery Row). Maybe a 1200 square foot West Coast inspired townhouse for under $550,000? (The Woodshire). Maybe you are more into heritage homes? Have you been to Strathcona? I promise you won’t be disappointed!
- Bang for your buck. I recently sold a condo on Cambridge Street for $219,000. A few months ago I sold the exact same condo in South Granville for $345,000.
- Culture and diversity. Nowhere else in Vancouver will you find such a mix of people living together as neighbours. East Vancouver has become the art and culture capital of Vancouver and a place that accepts all kinds, even you.
Every nook and neighbourhood of East Vancouver is different and appeals to a different type of person. The great thing about the three neighbourhood’s mentions above is that they were not contrived by suit sitting in a board room in the financial district. These neighbourhoods happed organically. As new residents come to the areas they will continue to thrive as streets full of homes not just towers where you hang your hat.