South Granville is a well-known real estate subdivision in Vancouver Westside. The whole area ranges from West 41st Avenue on the north, West 64th Avenue and Park Drive on the south. The east boundary is Oak Street and the west is Cypress Street and East Builders North Wales Boulevard. There are lots of luxury single houses in this subdivision, especially on the west side of Granville Street and the north side of West 57th Avenue.
Most of the streets in South Granville are lined with tall trees. It seems that those elaborately designed villas are right sitting in a private garden. A regular lot in this area is about 10,000 square feet and the floor area may be 5,000 – 7,000 square feet. The pricing for those grand single houses depends on size, location and building materials. Generally, a new home is sold for $800 – $900 per square foot in floor area, with a total price in 3.5-5 million Canadian dollars.
The age of building is the other factor for pricing used houses. The age of house and the price are in reverse proportion. For instance, if a building is about 20 years, its unit price per square foot is about $500-$600. Those 70s or 80s are mostly a value of land only, if they were not renovated recently. But do not forget that the old ones often have a very good location is the subdivision. This kind of lot is usually about $230 per square foot.
A buyer may purchase a lot with an old house on it and then hire first-class architect and builder to tailor a glory home for your family. I do cooperate with some reputable partners in providing this kind of handover-key service to my clients. In this way, not only it saves the total cost for your new home, but also it can be an investment with great appreciation potential. The only shortcoming is that the local construction time for a high quality villa is pretty long. It could be about 20 months. Therefore, you may need to plan your schedule accordingly.
The four boundaries are West King Edward Avenue on the north, West 37th Avenue on the south, Cypress Street on the east and Larch street and Trafalgar on the west. Both single houses and apartment buildings are found in this area. One massive condo project in Quilchena may raise you special attention.
In Vancouver Westside, Quilchena is not a big subdivision but it does not reduce her attraction to the public. Since the topography of Quichena’s northwest corner is a bit higher than the north neighbors, some of the single houses on this corner have pretty pleasant view of the north-shore mountain. The size of most of the lots in this subdivision is between 6,000-9,000 square feet and the floor area is about 3,500-5,500. The unit price for a new home is somewhere around $700-850 per square foot, while the total purchasing price for a new house can easily reach $3-4.5 million Canadian dollars. Used house may be priced lower according to its age. In recent months, old timers are hot sellers in Quilchena, which means developers put their interest in this lovely area.
There is a well-known condo village at the cross of West 33rd Avenue and Arbutus Street. 2002-2005, four years in a row, the famous local developer POLYGON built 6 wood-frame and 2 concrete condo buildings covering a huge block. It made this area the most intensive condo region after downtown Vancouver and UBC, in Vancouver Westside.
Since this block is right next to the beautiful Quilchena Park on the north and is also in the top school catchment, Shaughnessy Elementary and Prince of Wales Secondary, the whole project of 8 buildings has received a continuous welcome from both investors and immigrants after it was completed. The average price per square foot for those concrete units is $850-$900, when some of the park-view units’ are over $1,000. The wood-frame buildings offer a bit lower to $750-$800 per square foot.