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Vancouver's Unique Real Estate: Mount Pleasant

By Rodney Morrissey

One of Vancouver's best secrets is the up and coming neighborhood of Mount Pleasant. Located between Cambie Street and Clark Drive in one direction and between Great Northern Way and 2nd and Kingsway and 16th in the other, the neighborhood is a unique blend of new and old traditions, and is an excellent real estate zone for people interested in moving into Vancouver or settling down in a vibrant neighborhood. This article will discuss some of the features of Mount Pleasant that make it a unique zone of real estate tucked in the heart of Vancouver.

As a result of Mount Pleasant's blend of culture, history, community, and activity, it is no surprise that the region is hotly contested by people looking for homes and places to live. You can find numerous examples of east Mount Pleasant real estate at competitive prices, as well as several properties marked as west Mount Pleasant real estate. As a result, you might have a better chance of finding the right home or property for you if you enlist the help of a trained Vancouver real estate agent. In particular, you should look for one with considerable experience in renting, selling, and buying real estate in Mount Pleasant. A qualified real estate agent from the area will be very helpful in locating east Mount Pleasant homes for sale, as well as homes and properties in the western edge of the neighborhood. Whether you end up finding east or west Mount Pleasant homes for sale, you will be more likely to find fairer prices when you have someone who knows the neighborhood on your side.

Part of what makes Mount Pleasant a unique zone of real estate in Vancouver is the diversity in the population. Slightly fewer than 24,000 people call Mount Pleasant home. Of those people, about 62 percent speak English as their first language, but at least 10 percent speak one of the several Chinese languages, while slightly more than 5 percent of the populations peaks Tagalog. As a result, residents are likely to experience a significant amount of interaction with people from different backgrounds. Additionally, as the unemployment rate is below 6 percent, there are a lot of jobs and a lot of people working in Mount Pleasant, which drives up income levels, which drives up property values. However, it is important to note that more than 30 percent of people living in the neighborhood are in what the city of Vancouver describes as low income households.

Another aspect that makes real estate in Mount Pleasant hotly contested and unique is the sheer number of restaurants and eating facilities present in the neighborhood. While the selection within the neighborhood is not quite on the level of what one could find in large cities such as Montreal or Ottowa, there are still a lot of good places to find food without leaving the neighborhood limits. Places such as the Three Lions Cafe, the Congee Noodle House, and Toshi Sushi are favored by local residents, while people looking for cheap food on the go would do well to check out the Foundation, the Cascade Room, Budgie's Burritos, and Sushiyama. For a neighborhood of 24,000 people, the variety in dining options is particularly impressive, which means people interested in purchasing or selling real estate are likely to find higher prices for properties than they would otherwise expect in such a region.

It is worth remembering that the prices of real estate in Mount Pleasant will be in Canadian dollars, which currently are about as valuable as American dollars. As a result, you will not save much money if you come from the United States and hope to find significantly cheaper property in Canada. The average price of homes in the region will vary substantially from street to street, but on average, you can expect a home of about 1200 square feet to sell for around $540,000 Canadian, which is around $450 per square foot. This is most likely to be the case if it is located close to the downtown district in Mount Pleasant, such as around the 900 block of East 11th Avenue. Commercial space can also be rented for high rates. For example, an 1100 square foot property in the 600 block of Kingsway could be expected to rent for about $40,000 Canadian a year. Condos are also properties likely to be sold in Mount Pleasant; however, depending on their furnishings, they may be even more expensive than houses per square foot, particularly if they are located close to the downtown area. For example, it is not uncommon to find condos on the 1600 block of Ontario going for around $1000 per square foot or more. As you can see, Mount Pleasant presents unique opportunities for real estate that you can take advantage of as a resident, a seller, a renter, or a buyer.

Thank you for sharing this valuable information on Mount Pleasant real estate, Rodney. You should be the agent, Great Review!
Keep up the good work.
Best wishes.
Frederick
PS: Nice external link!!

Cheers Fred! I once debated getting into real estate but something else swooped me up and hasn't let go yet. Robert's a good friend of mine and honestly, the only real estate agent that doesn't fit into the hilarious stereotype that they have made out of them.

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