Downtown Vancouver - Waterfront, water view condo market. $1.3M - $2.3M

Criteria:

• Neighbourhoods: Yaletown, Downtown, West End, Coal Harbour
• View: Ocean, water. Waterfront Property.
• Price $1.3-$2.3M
• Active, In last 90 days; Sold, expired, Cancelled 
• Asset type: Condo

Currently 27 for sale

Median; Asking Price: $1.805M. Price/sq ft: $1,416. Size $1,652sq ft. Age 26yrs. BR 2. Strata Fee $914.

Sold last 90 days (4)

Median; Sold Price: $1.574M. Price/sq ft: $1,122. Size 1,444sq ft. Age 26yrs. BR 2. Strata Fee $1,049.

Expired/Withdrawn (15)

Median; Asking Price: $1.8M. Price/sq ft: $1,463. Size 1,120sq ft. Age 21yrs. BR 2.

The downtown Vancouver water view/waterfront market is an exclusive marketplace. Surrounded by water, this option would seem to be not exclusive at all. However, due to the density of the DT peninsula, it’s a smaller % of the marketplace that offers this extremely valuable element (188 units for sale within criteria above, 27 with water views/waterfront 14%). Water views can stretch from peek-a-boo views (sliver of a view between building) to panoramic opulence. Access to water is also a differentiator, as 6 blocks from water certainly changes the outlook of time/distance of ‘going to’ the water and experiencing it versus simply seeing it.

Unit 1702 in Governor’s Tower offers the best of all worlds with some extras. Not only is the water view unobstructed, there is also greenery within that view (David Lam Park). This complex is located across the street from False Creek waterfront. Final great real estate assets is that the building is not new, allowing for space conveniences not seen in modern developments; over-sized private park/courtyard, all amenities including pool, sauna, gym, meeting rooms. The age can be a concern regarding updating of common areas, but as we have seen in Governor’s Tower, all common area hallways are being renovated at this time.