When it comes to the community of Greater Vancouver with both "heritage and luxury", Vancouver Shaughnessy is the best choice. It is home to many mansions, including aristocratic mansions with a century-old history. Many people see Shaughnessy as the ultimate dream of living in Metro Vancouver, but they are overwhelmed by the price.
In the Shaughnessy community, there are so many mansions for $1,000, $2,000, $30 million that it feels like you can't afford to buy a "decent house" in Shaughnessy on a budget of less than $10 million.
What, a budget of more than 5 million? Nowadays, this price cannot buy a luxury house in any community in Windsey, and the price of a new detached house combination of 4,000 square feet of standard land and 2,600 square feet in some expensive communities can easily cost more than 4 million, let alone in Shaughnessy.
Not only does the budget "only" more than 5 million, but also the house you need to buy is large enough land, on the inner street, close to the top school district, has a historical background, can move in directly, and even has a good return on investment and clamshell potential?
1564 W 26th Ave
Built in 1925, the second Shaughnessy house has a land area of 8,750 square feet, a width of 70 feet, a house area of 4,127 square feet, 5 bedrooms, 4 bathrooms, and is located on Quiet Inner Street, renovated in the 1980s, and roof changed ten years ago. With just a few minor repairs, you're ready to go.
The most surprising thing is its price: the owner of the house offered 5.28 million. According to the BC Assessment, the land value of 1564 W 26th Ave alone has reached 4.452 million.
If you want to buy a new detached house on eight or nine thousand square feet of land in Shaughnessy, the price will generally be around 9 million.
The advantages of the 1564 W 26th Ave are not limited to "good value for money", but can attract potential buyers in all aspects, especially the following highlights:
It can be rebuilt and renovated, and it is highly flexible
Shaughnessy, built in 1925, seeing these two keywords, many people may think that "this is a historical old house, it can only be renovated inside, not demolished and rebuilt", but the area where it is located is the second Shaughnessy, which ranges from King Edward to 33rd Street, and is not within the scope of the listed old house.
If you want to respond to the government's new regulations, according to Vancouver's latest "one change many" policy, nearly 9,000 square feet of land at 1564 W 26th Ave can easily apply for 6 homes, such as a combination of urban houses and duplex and multi-family houses, which can bring considerable income.
According to the owner, there have been many cases around 1564 W 26th Ave, and the average transaction price of each of the 6 residences is between 2 million ~ 2.7 million, and the total income after deducting various costs is very considerable.
To tear down and rebuild a new detached house, 5,250 square feet of new homes and 900 square feet of back lanes are allowed on land at 1564 W 26th Ave, and 6,125 square feet of new homes can be built for an expansion, which equates to a 50% increase in the size of the home, and 900 square feet of back lanes.
It is worth mentioning that in order to facilitate the construction of the house, the owner applied to cut down three big trees in the backyard in 2015, so as to provide convenience for the expansion of the house, the construction of the back alley house, and the renovation of many changes. It's no secret how difficult it is to apply to cut down a big tree in Vancouver, and it often takes years to cut down three trees.
The core area and the top school district
Before getting into the details of the property, it is worth mentioning the prime location of 1564 W 26th Ave: located on the west side of the second Shaughnessy, close to King Edward Street to the north and Granviile Street to the east.
Downtown Vancouver is less than 10 kilometres away, a walk to the future second city centre and just a few days from Richmond. Although it is close to the main street, thanks to the high vegetation coverage, it effectively blocks the noise from the main street, making life peaceful and comfortable.
In Vancouver, the so-called "school district house" often refers to the house close to a high-ranking primary and secondary school, and 1564 W 26th Ave is "the ultimate in school district housing", and there are 3 famous primary and secondary schools within walking distance:
Shaughnessy Elementary, Vancouver's top public primary school, and Little Flower and York House School, the two top girls' private schools in British Columbia, are tied for the first place. If you have a girl in your family, you can enjoy top-notch educational resources from primary to secondary school and be just a few steps away from school.
If it's too close to the school, will the school and dismissal point be "overcrowded" and make the front too noisy? Don't worry at all, because only residents are allowed to park on 26th Street, and the three schools have dedicated parking areas, so no matter how busy the time is, the front door can be quiet.
Speaking of noble neighborhoods, we have to mention the Arbutus Club, a high-end clubhouse in the Shaughnessy community, which is not open to the public, and gathers celebrities from all walks of life, which is a leisure experience and social value that no other community in Vanwest has. In addition, the Shaughnessy detached house community actually has its own owners' committee.
The main body of the house is stable and oriented
As mentioned above, 1564 W 26th Ave can be rebuilt and renovated and expanded extensively, but this means millions or even millions of expenses, and if you want to pursue the ultimate value for money, it is more reasonable to keep the main body of the house and only do minor repairs.
But the 1564 W 26th Ave is 99 years old, is it still safe to live in? First of all, the main body of the house is still very stable, and it is located at a high point with a good view. In 99 years, the house has only been sold once before, and this is only the second time it has been sold.
The original owners belonged to an English aristocratic family and had a taste for house design. The interior decoration style is noble and elegant, and there is a palace-style colored window design. In the bedrooms, a wood-burning fireplace is still preserved, further enhancing the warmth.
While most of the houses in the Shaughnessy neighborhood are east-west-facing, 1564 W 26th Ave is relatively sparsely south-facing: all bedrooms are south-facing, and backyards are south-facing, allowing for good lighting and plant growth. When the house was bought in 2014, the owner also removed the oil tanks.
In addition, the 1564 W 26th Ave is equipped with a rare outdoor heated pool in a detached house of this price range in Windsey, and the owner continues to invest in maintenance every year, and the pool is in good condition and can be used in both winter and summer, and is not affected by fallen leaves because there are no large trees in the backyard.
Maybe the Chinese will have an opinion on the house number "1564", and feel that the number is not auspicious enough, and there are just two beautiful numbers that can be replaced: 1556 and 1558.
With a lease, the rental yield is high and the tenant is easy to communicate
The self-occupied properties of 1564 W 26th Ave have been fully understood, and the investment value of 1564 W 26th Ave can also be considered for rent in addition to the aforementioned "one change to more" and the rental of alley houses after construction.
The monthly rental price of the same type of house in the same community is generally between 8000~9000, which means that there can be about 100,000 yuan per year. At present, 1564 W 26th Ave is a tenant, and the tenant has signed a contract since the epidemic.
Potential buyers may consider "whether it's complicated to get a tenant to move out", after all, B.C.'s rental policy is completely tenant-oriented. To this end, the current owner also gave the answer:
The tenant belongs to a local executive family who has lived in 1564 W 26th Ave for 4 years and the landlord has informed the tenant that "the house is being sold and there is a possibility that the lease will be terminated." "If you want a tenant to move out, you only need to give advance notice as required by law, and the tenant will not object.
1564 W 26th Ave, this set of top community, top school district, cost-effective, high operability, and suitable for self-occupation and investment luxury homes are waiting for you with taste......