Consider East Vancouver when buying a home if you are in it for the 5 - 10 year home plan. There is a lot of room for return on investments in these up and coming neighbourhoods.
East Vancouver is not what it once was 15 years ago. I moved over to Mount Pleasant from Kitsilano several years ago and it was not a choice I took lightly. I, like many people, could not afford a west side home so I wiped off the sand from the beaches and headed east to urban Mount Pleasant to find myself a home. The value of my home has gone up significantly over the years as I watched the neighbourhood change into coffee shops, new condo developments, new duplexes etc.
My currently property at 1130 east 16th avenue offers a long term investment opportunity. If, of course, you are interested in making money long term......
The neighbourhood I am referring to is on the cusp of Mount Pleasant and Cedar Cottage. It is located west of Knight, south of 12th avenue, east of Fraser and north of Kingsway. It is 10 minutes to downtown, walking distance to Commercial Drive and Main Street.
This neighbourhood is just on the brink of gentrification. New coffee shops such as Room for Cream and Cedar Cottage Coffee House have opened near by. Not to mention new duplexes and tastefully thought out new character homes. My favourite nearby restaurants are Lex Faux Bourgeois and Pizza Barbarella are trendy and tasty spots. Yoga studios are also popping up.
The streets are quiet in this community oriented neighbourhood. Sunnyside Park and Charles Dickens school are a dog and childrens paradise and common ground for the community. The streets are so quiet, you can still find children playing street hockey nearby.
This is a neighbourhood I would recommend buying into before the Starbucks arrives. At that time, if you are not a home owner already, you may have to keep looking further east.......
Open House: 1130 east 16th avenue (quiet street)
Saturday, Sunday November 3, 4, 2-4pm.
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