https://www.zealty.ca/mls-R2756287/5...-Vancouver-BC/

2 both sold last month

X

I am guessing people really buying this for the "new factor" cuz once you tack GST + PTT = it's literally $2M cost to buy this. At that point with $2M might as well buy a older detached? Maybe just me, but if I had $2M I would never buy a duplex. Spending $2M and have to share with someone beside me, umm no thanks.

Rev's is closing thanks to high property taxes and sold to a developer (as is always the case, who else would buy such conveniently placed land where its current tenants are priced out of?)

I guess there's always more breweries to take your kids to.

https://www.burnabynow.com/local-new...lanned-6880389

I mean you don't take your kids to Rev's unless you want to take them to participate in a gang fight, but I do agree with your sentiments that they just keep getting rid of things to do and places to go with more overpriced condos.

Feel like with Rev’s as with Excalibur and other bowling alleys before it, they knew they were sitting on a golf mine and did very little to keep it going or even promote it

Well it literally boils down to having a property in Vancouver proper that’s new. A lot of people don’t want old. Not defending the decision, just explaining the reasoning behind it.

Can’t blame them for seeing the massive payday and selling the property to a developer. Continue to operate a bowling alley or accept an offer with a lot of zeros on it.

I have a a feeling Keltic development will be another Coromandel Properties in the next 4-5 years...

Their management team is questionable and they hire old white guys every 1-2 years to make themselves look legit.

Finding more real estate - reduce all golf courses to 9 holes and develop 1/2 of it to houses/duplex, TH's, etc. Who the hell has time to play 18 .. if you want to play 18, do the 9 hole course 2x. And the course is quite empty during the rainy season ... so that's like 4-5 months of the year.

Dunno if you’re a golfer or not but almost every lowermainland course has been booked fully both during the week and weekend since Covid.

City courses probably rake in the dough with all their tax benefits etc. not to say that much land couldn’t be used for better purposes but to Westopher point, gets pretty bleak when you start tearing down every leisure activity for the sake of investor backed condos and townhomes

Houses that were sitting on market for 6-10 months are finally selling near their original asking price and it's only April. Can't imagine what's going to happen to the market when the interest rates inevitably drop.

Hard to find a decent detached in Vancouver for $2m that doesn't also require work though - I was just at a birthday party at a renovated Van special. Bought for $2m two years ago and $500k spent on renovations. About 2400sf, no rental suite. Two years ago a 2000sf duplex with a decent yard was $1.5-1.8m.

Having lived in a duplex at my last house I mostly didn't notice my neighbour - I saw the neighbour in the detached house more than I saw my duplex neighbour and I hardly heard them except when their son clomped his way up the stairs. Side by

So 2.5 into a van special without a mortgage helper? Lol

Hopefully was one hell of a reno

Vancouver Special without a mortgage helper? How is that even a Vancouver Special if that's the case?

Even way back in the mid 80's (when I first came to Canada), Vancouver Specials were practically mortgage helper-ready, with the ground and top floor being separated by simply closing a door.

The renovation ended up taking out the suite downstairs as they reversed the layout of the house - bedrooms are downstairs and upstairs is the living space with an office and spare room. It was a big renovation - several walls taken out or moved, all plumbing & electrical redone and pretty nice stuff used throughout.

We could use a modern day Van Special - the new 4plex zoning could result in stacked houses where each floor is an entire unit (more or less).

Speaking of new Vancouver special, I thought this was pretty interesting

If they do a blanket rezoning to allow four/six units per lot that would definitely add a lot of housing quickly... Parking would be a nightmare though.

https://www.redfin.ca/bc/burnaby/Und...home/184809707

Is this common, they list a house without an address?

Also, why do people build houses without a proper foyer for guests? I get that the family probably enters through the garage, but if you have friends over, their shoes and mud/dirt are going to be everywhere.. Seems odd to me.

The blanket rezoning is pretty much a done deal and should be in effect by Jan 1 from what I'm told. There's some debate on the details - I heard some developers were pushing back on parking and wanted the ability to build parking underground - but the big stuff won't change.

In any case, if the city doesn't do it by Jan 1 the provincial government's is gonna do it for them.

I'm a big fan of fourplexes but I can't imagine what will happen re: insurance when the upstairs unit leaks onto the bottom unit.

They should allow for parking underneath a new type of studio style laneway. You can still fit a 3 car carport on 33' wide lots.

underground parking is not viable for a fourplex from a cost and design perspective.

Yeah, I don't see how that'd work either but apparently it's a thing with some developers who want the option to build more parking. An underground parking lot would add a shitload of cost to each unit - can't see anyone paying extra for that.

or just scrap the extremely restrictive 2nd floor/roof pitch red tapes on laneways and the carport requirement

it's a backalley, no one's actually planting bushes next to the garage door and just because it's more space efficient doesnt mean it cant look like kyoto

That's happening too - full 2nd floors are coming for laneways so the max size on a standard lot will become about 800sf. It should look a lot like the new Burnaby ones that are coming online late this year - https://burnaby.civilspace.io/en/pro...hoices-program

One day I hope alleys become streets themselves - kinda like Kyoto as you mention.