CANADIAN REAL ESTATE MAGAZINE’S TOP 100 NEIGHBOURHOODS TO INVEST
Canadian Magazine released this year’s list of best neighbourhoods to invest in in Canada. Grandview-Woodland (aka Commercial Drive) took one of the only spots in Vancouver. The area has always been home to a great mix of people – from young people to old, professionals to families, and more. The area has a mix of houses, multi-family complexes and condos (both new and old) giving Buyers lots of choice for housing, while still remaining relatively affordable compared to most other areas in Vancouver.
A typical detached house in the neighbourhood can be anywhere from $800,00 (for a small lot, or an older home) to a number over $1.5-million for a larger home (potentially with multiple suites) that has been updated over the years. Don’t judge a book by it’s cover in this neighbourhood -many might have older exteriors with renovated interiors. A good inspection and knowledge of construction is really helpful here.
The neighbourhood is home to a major transit hub in the Commercial Drive Station (that accesses two different Skytrain lines) and is only a quick bus ride or bike to downtown. The main artery in the neighbourhood is Commercial Drive, known as one of Vancouver’s funkiest and most interesting places, with great patios, unique (local) shops, big parks, and great options for entertainment and dining.
The area is in a small state of flux right now, with the City of Vancouver focusing their attention on the Grandview-Woodland Community Plan – encompassing some potential re-zoning of land (that can really affect the feel of the neighbourhood) plans for parks and other city amenities. There has been a lot of controversy over the Community Plans for those familiar with the neighbourhood don’t want to enforce change, and specifically, allow tall condo towers to overwhelm the small community feel of the neighbourhood. The city has limited the amount of input it will be gathering from residents, thus sparking a movement from some of the residents associations. This issue is still ongoing at this time..