Downtown Vancouver Lofts for sale! MLS® [02/06/2018]

Downtown Vancouver West Lofts For Sale invest or buy

On today’s entry, we shall continue to review the opportunities the neighbourhood of Downtown, VW offers in the residential field. Downtown’s Real Estate market is a fast-paced, always changing scenario. Listings are usually luxurious, and they sell very quickly in this part of town, which may as well be labelled as the MOST exclusive one.

If you missed our previous entries, we talked about what makes this area of Vancouver so special. Now, we will explore one of the unique residential opportunities that the market in this area offers: Lofts.

Living in Vancouver has many advantages – One of the charming ones is the busy city life that surrounds you. Living in a Loft will let you spectate this incredible city from the heights. Lofts are usually at an elevated part of most constructions, which grant residents of incredible and contemplating views. Without further ado – Let’s look at what Lofts are available in Downtown Vancouver right now.

 

Lofts for Sale in Downtown, Vancouver

According to the MLS® [02/06/2018], there are currently seven excellent Lofts for sale in Downtown, listed from $599,000 to $2,280,000. An exclusive opportunity to live in an exceptional place- right at the core of the energetic and wonderful Vancouver. Let’s take a look at some of these available wonders:

412 – 933 SEYMOUR STREET
933-seymour-street-downtown-vw-vancouver-west-loft for sale Downtown Vancouver
$599,000

Beautiful and spacious Two-level Loft. Some of its most incredible features are its floor to ceiling windows and incredibly high ceilings. The lucky buyer of this unit will get an excellent residence with a Balcony, Stainless Steel Appliances and a parking spot. The building it is situated in counts with various amenities and everything for everyday life is close by!

Listed by Coldwell Banker Prestige Rlty.


 

 

309 – 546 BEATTY STREET
546-beatty-street-downtown-vw-vancouver-west-loft for sale Downtown Vancouver
$725,000

This beautiful vintage Loft is located in the excellent “Crane Lofts.” Brick and Concrete finishings and floors give this residence a unique aesthetic. Luxurious bathroom and European style kitchen are some of the luxuries in this excellent Loft. Pet-friendly, underground parking, dog-wash station. Rentals allowed. This Loft has everything for a beautiful life in Downtown!

Listed by RE/MAX Crest Realty.


 

212 – 1238 SEYMOUR STREET
1238-seymour-street-downtown-vw-vancouver-west-lofts for sale in Vancouver Downtown
$1,098,000

A beautiful and spacious (over 1000 Sq.ft. of open concept space) Loft. This Loft has just been renovated and counts with 16ft ceilings, storage, King size bedroom, bathrooms, and blackout blinds. The building it is situated in counts with Rooftop Terrace, Gym, and Parking.

Listed by Macdonald Realty Westmar.


 

Heritage Lofts in Gastown, Crosstown & Yaletown

Heritage Loft Conversion in Yaletown

Gastown is a well-loved centre of activity in the downtown core with over a century of history that goes back to the early days of settlement in Vancouver. The city’s oldest neighbourhood shows remarkably preserved evidence of the essence and inception of Vancouver’s prolific urban revolution.

Bordering the train tracks that established this area and beyond, the magnificent Burrard Inlet and mountain-scape, Gastown is a unique residential and retail area spanning a handful of blocks East to Main and West to magnificent Canada Place into the new eye-catching architecture that pulls you into the modern world. Find a hub of unique eateries and dining experiences from pubs to elite lounges as well as street side food trucks and seaside restaurants with expansive mountain and ocean views.

Water Street in Gastown
Water Street in Gastown

Close to everything and within walking distance of most of downtown, feel the pulse of the city right outside your door. Partake in the bustling evening energy as Gastown fills up for fun, lively entertainment and stylish dance clubs.

Gastown at dusk
Gastown at dusk

Inhale the fresh sea air and hear the melodic sounds of seagulls from your windows, while all your needs are met in a fashionable way just by walking down the street. Cozy but elegant floor plans allow for breathtaking views reverberating the heightened energy of the city.

Here, heritage loft conversions feature some of the most unique architectural elements of downtown living.  Clustered primarily along Water Street, Powell Street and Alexander Street in Gastown, Beatty Street in Crosstown, and Mainland and Hamilton Streets in Yaletown.

Lofts often include refurbished detailed brick facades, wood casement windows, carved sandstone capitols, original maple hardwood floors, exposed brick and concrete, high 8’9″ and 11′ ceiling heights, honed granite and stone counters,  all these items make up one of my personal favourite real estate products.  But you don’t have to occupy to benefit from these fabulous living spaces & neighbourhoods.

Beatty Street in Crosstown
Beatty Street in Crosstown

Lofts provide a sound investment for discerning investors with the potential to readily achieve positive cash flow with superior rental income and asset appreciation.  Buyers have to be very sharp to capture the most attractive listings as many of the desirable units sell in a matter of days and more often than not – over the asking price.

Yaletown
Yaletown Heritage lofts

Typical rental rates are < $3 per square foot with a slight premium for furnished suites, parking, communal amenities or some utilities. Buying costs can run anywhere in the region of $625 per sf to around $800 per sf.  After factoring in your purchase price, strata fees, insurance, property taxes & a few minor maintenance repairs – there are still opportunities to generate positive cash flow – especially with a larger down payment to reduce mortgage costs. Many of the heritage conversions were completed in the last 10-12 years and are managed well by progressive strata companies.

Recent Sales:

1) Loft on Powell Street sold in October for $26,000 over asking after just 8 days on the market.

Powell Street loft just sold
Powell Street loft just sold

2) Beatty Street loft sold in September after one day on the market $7,100 over asking.

Beatty Street loft just sold
Beatty Street loft just sold

Recent Leases;

1) Beatty Loft leased in October at approximately $3.25 per square foot includes furniture with no parking and no utilities.

Beaaty Loft just Leased
Beatty Loft just Leased

2) Gastown loft leased this week at just below $3.00 per square foot – no parking or utilities.

Water street loft leased this week
Water street loft leased this week

 

 

 

 

 

 

 

 

 

 

 

If you are interested in learning more about current loft listings in Gastown, Crosstown or Yaletown – either for living or investment – give me call at 604 612 6392