July 16, 2008

Mount Pleasant Real Estate, Vancouver - Main Street Real Estate

Filed under: Vancouver Real Estate — Richard Morrison @ 6:51 pm

Mount Pleasant Real Estate - Main Street Real Estate in Vancouver Mount Pleasant pulses with an urban vibe absent from many other Vancouver locales

Modified from original article from KERRY GOLD from The Globe and Mail. July 11, 2008.

At one time, Main Street in Vancouver Mount Pleasant Real Estate was a neglected and rundown east-side Vancouver neighbourhood. Today, Mount Pleasant Real Estate has become the place to buy – both Mount Pleasant condos and Mount Pleasant homes.“The rate of appreciation in the Mount Pleasant Real Estate neighbourhood is faster than any other neighbourhood. It’s unbelievable,” says real estate agent Jennifer Hill, who has been selling houses in the Mount Pleasant area for 15 years.“You could say Mount Pleasant Real Estate was undervalued, considering its proximity to downtown. And then, it just took off.”

Mount Pleasant West Vancouver - Click here to see Hot Listings!
Mount Pleasant East Vancouver - Click here to see Hot Listings!
Main Street Real Estate, Vancouver East - Click here to see Hot Listings!

Depending on condition and lot size, the average cost for a family home is in the $700,000 range, says Ms. Hill. “And we’re now seeing prices over $1-million. I remember when we were floored, not so long ago, when a Mount Pleasant home sold for $500,000.”

In the past five years, the area known as Main Street Real Estate, which extends roughly from Main and East 6th Avenue to East 30th Avenue, has become one of the most desirable neighbourhoods in Vancouver. The success factor for Main Street Real Estate and Mount Pleasant Real Estate is, quite simply, that it is not Kitsilano. Mount Pleasant Real Estate Main Street is central and diverse, and a slice of urban living in a city better known for its yoga-loving citizens.In the same corridor, mixed among small clothing stores that sell local designers, independent coffee shops and trendy restaurants such as Habit, Aurora Bistro and Cascade, you’ll find long-time antique shops and Chinese and Korean restaurants.“Mount Pleasant Real Estate Main Street definitely the darling of the indie set,” says Frances Bula, a well-known Vancouver city writer and blogger who lives in the area. “Whenever I mention Mount Pleasant Real Estate and Main Street Real Estate to suburban parents, they always say, ‘Oh, my kids love going there.’”Not surprisingly, the Mount Pleasant Real Estate Main Street condo market is flourishing.

Mount Pleasant West Vancouver - Click here to see Hot Listings!

 

Mount Pleasant East Vancouver - Click here to see Hot Listings!

 

Main Street Real Estate, Vancouver East - Click here to see Hot Listings!

For a one-bedroom in the less-expensive end of Main, north of Broadway, prices range from $250,000 to $320,000. Heading south on Main toward East 15th, a buyer is looking at $300,000 to $450,000 for a one- or two-bedroom. Mount Pleasant Real Estate wasn’t always this way and part of Main Street’s appeal is the fact that it’s more diverse than expensive west-side neighbourhoods, such as Kitsilano or Kerrisdale.

On Mount Pleasant Real Estate 800px-mainstreetvan.jpg800px-mainstreetvan.jpgMain Street area you can just as easily find a cheap diner meal as you can dine at a hot new bistro, such as newcomer Burgoo, which already has a location in tony Point Grey.As well, Mount Pleasant Real Estate and Main Street real estate area has become a pedestrian-friendly street, a key factor for a desirable neighbourhood. “When I first started there was no character in the neighbourhood,” says Ms. Hill. “There wasn’t the little cafés, the restaurants, the independent stores, the clothing stores, anything like that — nothing to support pedestrian traffic. Now it’s really pedestrian-oriented.“The Mount Pleasant real estate neighbourhood is more organic than, say, Kitsilano,” she adds. “That’s the best word I can use. The stores are independent, they’re really creative, it’s got way more texture, it’s way earthier.”

Other inner city neighbourhoods — such as Strathcona, Fraser Street, Grandview-Woodlands Community action is quite high. People in those neighbourhoods are very savvy and have been able to get the things they need over the years.”

Here is a quick search for Mount Pleasant Real Estate:

Mount Pleasant West Vancouver - Click here to see Hot Listings!

 

Mount Pleasant East Vancouver - Click here to see Hot Listings!

 

Main Street Real Estate, Vancouver East - Click here to see Hot Listings!


- Special thanks to The Globe and Mail

3 Responses to “Mount Pleasant Real Estate, Vancouver - Main Street Real Estate”

  1. Francie Says:

    This is such a good news for me, knowing that I am just around the area makes me feel better

  2. Emma Says:

    I have to agree with the article, Main St is really a great place to live! It is centralized and has everything. You can really see the potential with young professionals moving into the area

  3. Richard Morrison Says:

    Hi Francie and Emma,

    We have actually known that Mt. Pleasant was set to boom for about 5 years now. The amount of change in the area is unprecedented in the East Side of Vancouver.

    As such, we actually placed many of our investors in that area for the past 5 years. Some of their homes not only pay for their mortgage but have also appreciated immensely in value.

    Great to see your comments here.
    Regards,
    Richard.

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