Best revitalizing neighbourhoods to invest in right now?

[AudiA3]

If you have extra cash to invest in real estate today for a rental condo unit, in which neighbourhood would you be most confident investing your money? Or if you're like me looking into purchasing my first condo to live in and start building equity with the goal of moving to a townhouse or SFH in the future. As I prefer not having a car to save money, I much prefer living near a skytrain station. Choose between these massive transit-oriented development areas:

1. Marine Gateway
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2. Oakridge Centre
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3. Southeast False Creek
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4. Brentwood Town Centre
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5. Surrey City Centre
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6. Lower Lonsdale
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[Pinion]

Definitely not Brentwood, the salespeople there are always engaging in shady tactics.

And lol at that Surrey pic. I think that was from pre-2008 crash.

Maybe not the top answer but Lonsdale and New West should be part of the discussion too. Actual nice urban environments on an upswing rather than just a cluster of highrises that will lose most of its value once the newness wears off.

[AudiA3]

Originally Posted by Pinion

Definitely not Brentwood, the salespeople there are always engaging in shady tactics.

And lol at that Surrey pic. I think that was from pre-2008 crash.

Maybe not the top answer but Lonsdale and New West should be part of the discussion too. Actual nice urban environments on an upswing rather than just a cluster of highrises that will lose most of its value once the newness wears off.

I didn't want to include Londsdale because it is such a small-scale project, like there is nothing new other than several new residential buildings

[Pinion]

Originally Posted by AudiA3

I didn't want to include Londsdale because it is such a small-scale project

It's not a singular project. Still lots of new condos in a small area.

Originally Posted by AudiA3

like there is nothing new other than several new residential buildings

As opposed to your other choices? Seems like they need to catch up to real urban environments rather than the other way around. SEFC excepted.

Also where are their ferris wheels and ice rinks, huh?

[trofirhen]

They' are good. I think Oakridge may have top honours: West Side, greenspace, sculpted towers, but I think Brentwood's really going to buzz the most (if that's what you're looking for.) Surrey will gave to go through a lot of socio-economic and cultural change before it becomes another Bellevue. Big Time.

[AudiA3]

Originally Posted by Pinion

It's not a singular project. Still lots of new condos in a small area.



As opposed to your other choices? Seems like they need to catch up to real urban environments rather than the other way around. SEFC excepted.

Also where are their ferris wheels and ice rinks, huh?

A mere $25-million project? Come on man!!!

[Pinion]

Originally Posted by AudiA3

A mere $25-million project? Come on man!!!

$25 million for the public space alone. Pinnacle's building nine mid-to-high rises around it and units are only $900,000 each, surely can only go up from there!



And of course that's just one development in a true revitalization. This area was shitsville 15 years ago.

[a very long weekend]

i'd choose chinatown, over any of those. then dtes, hastings until clark, the strathcona/oppenheimer park axis if gore really gets moving, and obviously main street around terminal if you can find a good price on something.

but of the ones you list, i have to say that though i'd never want to live in surrey, it'd probably going to be the best value, like return on investment over time. probably oakridge would be next, in my opinion, because i'm convinced that the surrounding areas will continue to be rezoned over the next decade or two, making units in those (right on top of the metro station) pretty solid investments. the south east false creek ones seem like "can't miss" opportunities, but they're so expensive.

[logan5]

All those areas you brought up, those condos are likely to depreciaye in value. As mentioned, the dtes has the best chance of appreciating in value.

[Alex Mackinnon]

I don't think any of those neighbourhoods you mentioned except for Whalley are being revitalized. They're mostly new build, so by defintion it they can't be revitalized. Brownfield industrial sites don't really qualify as an existing neighbourhood in my mind.

As for neighbourhoods being revitalized, I would agree, the DTES is seeing a lot of movement right now. We even got a real grocery store last month. New West continues to get better, and Lonsdale has changed hugely in the last decade.

[spm2013]

Metrotown

[hollywoodnorth]

I would say Downtown Eastside

[AudiA3]

Originally Posted by hollywoodnorth

I would say Downtown Eastside

Where are these druggies going to be relocated then? Surrey?

[logan5]

Originally Posted by AudiA3

Where are these druggies going to be relocated then? Surrey?

Hilarious. Anyways, along with new development in the dtes, the privately owned sro hotels are being upgraded and rented out to students, artists, etc. The drug element is being decentralized. With such a large concentration of historic buildings, the dtes will be Vancouver's hippest neighbourhood, despite your scare tactics. You mentioned you were looking to buy in Brentwood, but if you're smart you'll reconsider.

[AudiA3]

Originally Posted by logan5

Hilarious. Anyways, along with new development in the dtes, the privately owned sro hotels are being upgraded and rented out to students, artists, etc. The drug element is being decentralized. With such a large concentration of historic buildings, the dtes will be Vancouver's hippest neighbourhood, despite your scare tactics. You mentioned you were looking to buy in Brentwood, but if you're smart you'll reconsider.

I would absolutely be grateful if DT eastside gets cleaned up, because that is going to make Vancouver even more beautiful. But in the meantime, I do not want to live or even be near that area. That's just me tough, feel free to move there if you wish.

Originally Posted by Tetsuo

I think Hastings if thinking long term is going to be a solid investment, either SFH or commercial lots fronting the street.

Its cheap right now and would skyrocket if it ever gets a transit line.

I'm personally looking at Gastown/DTES/Chinatown for a studio/living/work space since I appreciate higher ceilings, and I do appreciate the nightlife in the area for someone in their 20's.
Looking at SFH I still havn't decided but am looking towards New West/Surrey/North Delta/Coquitlam/Langley. Lesser extents Burnaby/Vancouver

The problem with the big non pedestrian friendly condos at BrentWood, Surrey Central, Marine, Metro is that the condo supply will keep on growing since there are plenty large lots to redevelop into towers. Oakridge manages to avoid this since the area is surrounded by NIMBYS and small lots.

Just my 0.05 cents

I would agree with you to some extent that there are plenty of land to build new condos going forward, but it makes a difference living 2mins away from a skytrain station vs 8-10mins walk from the skytrain. The value for the building closer to the skytrain will always be higher given that they are the same quality. Not having a car means that young people will be able to afford higher priced properties' monthly mortgage payments. At some point, land will become scarce for these areas as well.

[Alex Mackinnon]

Originally Posted by logan5

Hilarious. Anyways, along with new development in the dtes, the privately owned sro hotels are being upgraded and rented out to students, artists, etc. The drug element is being decentralized. With such a large concentration of historic buildings, the dtes will be Vancouver's hippest neighbourhood, despite your scare tactics. You mentioned you were looking to buy in Brentwood, but if you're smart you'll reconsider.

Shhh... Already enough RE agents hawking the DTES. We don't want any more to come screw up the vibe.

[whatnext]

Oakridge isn't being revitalized as much as redeveloped. Still it's the best bet: West Side location, shopping, QE Park, easy access to downtown, airport and UBC.

Marine Gateway will never feel like a real neighbourhood, its some buildings thrown up against an industrial site.

[csbvan]

Originally Posted by logan5

Hilarious. Anyways, along with new development in the dtes, the privately owned sro hotels are being upgraded and rented out to students, artists, etc. The drug element is being decentralized. With such a large concentration of historic buildings, the dtes will be Vancouver's hippest neighbourhood, despite your scare tactics. You mentioned you were looking to buy in Brentwood, but if you're smart you'll reconsider.

I agree with this. I think that the entire Eastside, not just the DTES, will be home to one of the greatest transformations in Vancouver. Heritage is not something that can be recreated and it is in high demand, suburban condo-based neighbourhoods will be a dime a dozen.

[MetroYVR]

The City of Burnaby has the highest surplus compared to any other BC municipalities.
https://infogram.com/net-financial-a...hkv2nqrg1jp2x3

[Jebby]

Definitely not surrey.