If you are looking for investment properties for sale in West Vancouver, you are in the right place. You can find luxury penthouses, multi-family properties, and other properties with great views and great value.
The first half of 2021 saw a record $1.9 billion in sales of multi-family assets in British Columbia. According to CBRE Ltd., institutional investors accounted for 61 percent of total sales value, while smaller buyers accounted for 29 percent of the value. However, the Goodman Report’s figures suggest a 23 percent drop in the market’s total value by the end of the year.
A recent report by Colliers International suggests that the market is experiencing “a resurgence” in demand, which could contribute to a surge in rental listings. Although demand appears to be calming investors’ fears, inflationary pressures may continue to cause rents to increase in both the primary and secondary markets.
As a result, investors are seeking newer construction in less-expensive areas. This has led to a development boom in more accessible, yet less-expensive, neighborhoods.
With demand soaring, two of Vancouver’s largest landlords have put substantial portfolios on the market. In addition, local private investors have been the driving force for activity in markets outside of Metro Vancouver.
In the Vancouver Island communities of Victoria and Esquimalt, apartment sales slowed. But this was not the case in the Fraser Valley, where apartment sales increased.
The Starlight Victoria Portfolio of nine multi-family buildings in Victoria and Esquimalt is estimated to be the largest dollar-wise multi-family transaction in Vancouver Island history. Another large sale was the Quilchena Gardens site in Arbutus Street, which sold for $76 million.
In Vancouver, the real estate market is becoming more and more attractive for investors. Many people prefer the convenience and community of mixed-use properties. Investing in a single-family home can be more expensive than a multi-family property. However, there are also many advantages.
One of the biggest trends is the reengineering of outdated retail centres. This allows developers to provide for future growth by mixing multiple uses.
The reengineering process provides leverage to financial institutions and property owners. There are several projects in the works in Vancouver. Some of them are a tenfold increase in FSR.
Another interesting development is the redevelopment of an Oakridge mall site into a 5.5 million square foot mixed-use community. The goal is to transform the existing mall into a major cultural hub.
Colliers is currently selling 6417 Bruce Street, a property with 100 feet of frontage on Howes Sound. It’s one of the few development sites in Horseshoe Bay’s village area.
Allied Properties Real Estate Investment Trust, a Toronto-based firm, is buying 375 Water St., a building that is considered the best class I building in the city. The project has 148,355 square feet of office GLA.
Allied REIT plans to use proceeds from the sale of its non-managing 50% interest in two fully stabilized properties from its Montreal portfolio as the funding for the acquisition. They expect to close the deal in the second quarter of the year.
While some investors have been skeptical about investing in properties in Vancouver, the fact is that the area has a lot to offer. A large number of big money investors are making huge profits in the Lower Mainland. These investors are looking to capitalize on momentum by partnering with local developers.
A luxury penthouse is a great way to get a piece of the West Vancouver real estate action. This type of property features high-end amenities and a spectacular view. Whether you want to enjoy a swim or a sauna, this is the place to go.
There are many other features to consider, including the aforementioned swimming pool and sauna, spas, and the best of all, breathtaking views of the ocean and downtown. For the most part, you’re going to be on your own for utility bills, but that’s okay.
If you are looking for the newest and most lavish condos in West Vancouver, there are plenty of options. You’ll find plenty of luxurious amenities in these properties, including indoor and outdoor pools, spas, and fitness centers. The condos are also a short walk away from some of the city’s best restaurants.
On the other hand, if you are searching for a more affordable choice, there are a number of apartments available. These can range from $409,000 to $12,880,000. With all these options, you are sure to find something that fits your budget.
Considering the number of condos in the area, you’ll probably need a realtor to help you with your search. Here are some of the top condos in the area.
It’s not often that you find a home with a three-level pool in the middle of a condominium complex. Even better, you’ll be able to enjoy the view of the Vancouver skyline and the Science World while you swim. Those who opt for a condo will also have access to a 24-hour concierge, an indoor pool, and German appliances.
To make the most of your time in the area, check out the Blue Bus, which can take you directly to downtown.
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If you’re looking for an investment property in the West Vancouver area, you’ll find there are plenty of choices. As a matter of fact, the city has a surprisingly robust housing market, with the median price of homes for sale hovering around the $2 million mark.
The best place to start is your local real estate agent. They can point you in the right direction, or they can help you narrow down your search with a little bit of research.
A good Realtor will likely be able to show you the West Vancouver homes that meet your criteria. They are also the people to contact if you’re looking for a rental. The Mander Group, for example, has an impressive portfolio of homes, condominiums, and rentals. It’s a small company, but they know their stuff.
If you’re in the market for a new home, you can count on the Mander Group to have your back. Not only are they a solid real estate team, they also have a robust portfolio of rentals and a knack for matching qualified tenants with suitable homes. Their motto is to get you where you want to go.
The best part is that you don’t have to be a richie richie to own a piece of West Vancouver real estate. Compared to other popular Canadian cities, the housing costs are reasonable, and the location is highly desirable. Plus, you can enjoy some of the world’s most beautiful scenery at your fingertips.
Of course, no West Vancouver home is complete without a little bit of luxury. One of the most sought after locations in town is the lower Lonsdale neighbourhood, which offers a relatively quiet lifestyle while still having easy access to the ocean through Cates Park.
Most expensive neighbourhoods to buy a home in West Vancouver
There are many reasons why West Vancouver, BC is one of the most expensive places to live in Canada. It’s located along the coastline of Burrard Inlet and is connected to Downtown Vancouver via the Lions Gate Bridge. The area has a wealth of natural scenery, including beaches, coves and cliffs.
Many of the upscale neighbourhoods in West Vancouver are located on the waterfront, offering beautiful views of English Bay, Howe Sound and downtown Vancouver. Homes here are also surrounded by lush green coastal vegetation.
For the discerning home buyer, West Vancouver is a good choice. Although the real estate market here can be competitive, it’s a great place to set down roots. Besides its gorgeous surroundings, this area is family-friendly and safe.
If you’re looking for a new place to live, consider the most expensive neighbourhoods in West Vancouver. Several are ranked among the best neighborhoods in Vancouver. You can find luxury homes here with a variety of amenities, including multiple entertainment bars, outdoor pools and more.
One of the most popular neighbourhoods is the First Shaughnessy neighbourhood, known for its charming homes, manicured gardens and rich Vancouver heritage. Located off Crescent, this quaint community is the perfect backdrop for a peaceful lifestyle.
Another highly-desired area in West Vancouver is the Horseshoe Bay neighborhood. This secluded community is just a short drive from downtown Vancouver and has its own private beach. With access to the beach and two ski areas nearby, it’s easy to imagine why it’s such an enticing destination.
As with any other Canadian city, you can expect to experience a bidding war when purchasing a luxury home. But it’s important to remember that the real estate market in West Vancouver is competitive.
Among many other things, David A. Grantham is a contributing author to UmassExtension West Vancouver Blo. He is a renowned expert on real estate in BC.
Born in North Vancouver, Louisiana, Dr. Grantham grew up in Lower Lonsdale. He then went on to complete his business degree at the University British Columbia. As of this writing, Grantham has completed over 100 projects, including the development of a high rise building in Vancouver.
He is a husband, father, son, brother, and friend. He was a dedicated outdoorsman and enjoyed sports such as hunting, fishing, scuba diving, and snow skiing. His wife, Alison Grantham, and their two daughters survived him. He is survived by his wife Alison Martin Grantham and two daughters.