- Residential Attached
- MLS® #:
- 1486 W 5th Avenue
- Vancouver West
- False Creek
Everyone is concerned about the environment these days. No one wants to live in a polluted environment, no matter how affluent it is. Well, False Creek now offers investors and first time home buyers a rare opportunity to invest in it. The city is currently one of the most environmentally friendly cities in the world. One would expect this factor alone to skyrocket townhouses prices but it hasn’t. False Creek Townhouses are a perfect price tag for an first time home buyer in Vancouver.
|All Listings||$900,000 - $1,000,000||Over $1,000,000|
False Creek, unlike so many other communities in BC, has a rich history behind it. The community has grown by leaps and bounds particularly in the real estate market. It is in fact the only community to have had a major overhaul form an industrious community to a popular commercial community. This dates back to the 50s when the community was Canada’s center of heavy industry. By early 70s, the shoreline and other parts of the False Creek had been transformed into a vibrant community edged by a seawall. Thousands of condos, floating homes and False Creek Townhouses then sprang up to cater for the city’s’ growing housing demand for middle level income earners.
Today, False Creek boasts significant growth in both commercial and residential properties. There are already enough False Creek Townhomes to cater for both first time home buyers as well as investors. Analysts predict a healthy real estate market should major stumbling blocks to the market’s growth be cleared. One such stumbling block is the fact that the original building flurry enjoyed by the city is on a land that was leased to the city until 2036. What will therefore happen after 2036 is still uncertain, something that has had a negative impact on the appreciation of False Creek’s properties.
Apart from the approaching deadline on the land leased to the city, everything else here is on the right track. . Access to basic, recreational and social amenities is guaranteed, courtesy of several eateries, health centers, gyms, parks and services within Old and New False Creek. Sanitation and even the weather are perfect, as the city goes down the records as one of the most eco friendly cities in the world today. Contact our award winning team at Real Estate Valley today to schedule viewings for your favourite False Creek Townhouses For Sale.
Due to MLS rules, this tool depends on active listings to give you an idea on what your home might be worth. Agents have access to sold listings data, market statistics and additional information that can contribute to a much more accurate estimate—access to this information is as easy as signing up!
The data relating to real estate on this web site comes in part from the MLS Reciprocity program of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLSR logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board.
Listing information last updated on October 19th, 2018 at 7:30am PDT.
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