Pre-Construction Condos For Sale in Chinatown
About Chinatown's Pre-Construction Condos For Sale
Welcome to Chinatown, a neighbourhood in the city of Vancouver with 2 Pre-Construction buildings with condos for sale.
A very special portion of the real estate market exists in the area of development, or Pre-Construction, condos. These are units that are purchased based on the projected plans for a building that is not yet built. A buyer may visit a temporary showroom, located near to the proposed location of the building to see models and floor plans of the various units the seller hopes to construct, or simply receive a package with this information electronically. Purchasing at this stage allows the buyer to have greater control in the outcome of their unit. They can make a different type of investment and purchase at a lower price per square foot than what is typically available post-construction. If you want to be able to choose your floors, finishes and appliances, at less than the cost to purchase someone else's choices from the past, Pre-Construction condos for sale might appeal to you. It's not often that you have so many design choices when looking to purchase a home. There will be a number of layouts, options for total square footage, number of bedrooms and location within the building to choose from. Usually, this type of customization will require a second investment in renovations, as well as the purchase price of your home.
When taking the leap on a Pre-Construction condo for sale, you'll be given a list of options that you'll be able to customize. Everything in the home will be brand new and they will likely be under warranty. Keep in mind that the developer is speculating on what they believe the final outcomes will be for the unit and building, they require some flexibility, not everything can be fixed into even the best agreements. This can make a good case for looking at the past projects of the developer. How close to their projected dates did they come? Do they have a history of big surprise closing costs or a history of great relationships with their buyers? How have their projects held up over time as places people want to live and as investments. This type of home purchase, more than others, requires a long term deal with your developer. You'll want a long term relationship that is mutually beneficial. Purchasing a unit in a building prior to the work beginning can have some tremendous benefits. It also requires deeper knowledge to arrange this type of purchase. A Real Estate Professional who specializes in development or Pre-Construction condos for sale may be helpful for protecting your investment. The money spent on a qualified agent may be easily recuperated with the thorough shaping of your agreement. You'll want to understand how the Pre-Construction payments are going to be structured and where you'll be spending versus saving. In an already finished home, it's easy to see how your money is being spent. With a Pre-Construction condo, being well informed will be a must.
You can find the neighbourhoods of Gastown and Downtown Vancouver nearby which have Pre-Construction condo buildings. This neighbourhood is a Biker's Paradise with a bike score of 99. a Rider's Paradise is available in Chinatown. Chinatown is a Walker's Paradise with a walk score of 96.
Chinatown Condos For Sale
Viewed as one of Vancouver's condo hot spots, Chinatown, has a total of 14 condo buildings. These include 2 High-Rise, 2 Pre-Construction, 6 Low-Rise, 5 Loft, 1 Luxury and 6 Mid-Rise. The condos for sale in Chinatown include great amenities. Condos for sale in Chinatown are on the market for an average of 50 days. Chinatown had 150 condos sold within it in 2020, an increase of 183% compared to the year before. Last year condos for sale in Chinatown had an average sale price of $$720,831, an decrease of -6% from the year before. Chinatown is a Walker's Paradise with a walk score of 96. This neighbourhood is a Biker's Paradise with a bike score of 99. a Rider's Paradise is available in Chinatown. The neighbourhoods Gastown and Historic Japantown are nearby.
Buttermere Patisserie Cafe and Zhao Mah Bakery Ltd are great bakeries in Chinatown. A fresh cup of java or tea is never hard to find with Propaganda coffee and Matchstick Chinatown in the hood. There is cuisine from all over the world available at Tin Lee Market and Van Groceries. Foodies won't be disappointed by the presence of Bao Bei. Chinatown offers a lifestyle full of green space for outdoor lovers, parks include Dr. Sun Yat-Sen Classical Chinese Garden and Chinatown Memorial Plaza. Yuen Tai Hong Herbal Centre is a conveniently located pharmacy in Chinatown. There is great shopping at Chinatown Vancouver. There are always new exhibits and events happening at Chinatown Storytelling Centre. Be sure to check out DCS - Diaz Combat Sports and Informed Fitness if your condo building does not have a gym- some great local fitness centers! Movie geeks can catch a movie at Rickshaw Theatre. Schools in Chinatown include Brandywine Bartending School and The Working Actors Gym.
