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2040 PANDORA Street in Vancouver: Hastings House for sale in “HASTING” (Vancouver East) : MLS(r) # R2168103

Posted by Aedis Realty on June 26, 2017
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Hastings-East/Sunrise, not East Village

The Neighbourhood Generally

Hastings East SunriseHastings–East/Sunrise is a neighbourhood on the Burrard Inlet in the northeastern corner of the Canadian City of Vancouver, British Columbia. The name “Hastings” commemorates the visit of Royal Navy Rear Admiral George Fowler Hastings in 1869. Hastings-East/Sunrise, three miles east of Downtown Vancouver, is one of the oldest city neighbourhoods. Its residents are mostly working class; people of Chinese descent form an increasingly substantial and significant part of its ethnically diverse population.

Hastings–East/Sunrise is primarily residential with a dense strip of shops and services along East Hastings Street and in spots along Boundary Road, East Broadway, and Nanaimo Street, the neighborhood borders south of the inlet, and Renfrew Street. Residences are mostly detached single-family dwellings. There is ample parkland, and the land zoning between Hastings Street and the inlet is partially for light industrial use. Historically mostly working-class with many foreign-born residents, mostly Italian, lately the area has attracted young professionals and immigrants from Southeast Asia.

Historical Background

In 1863, the provincial government designated New Brighton, the name for Hastings–Sunrise at the time, as a future harbour city to complement New Westminster, then the provincial capital and the rail terminus city for Western Canada. Residents re-christened th area Hastings Townsite in 1869 in honour of Admiral Hastings. The first ferry service between Burrard Inlet and Victoria on Vancouver Island operated from Hastings, which became part of the City of Vancouver in 1911. By the 1920s, railroad yards and Port of Vancouver facilities occupied much of the waterfront with public access at New Brighton Park north of Hastings Park and the Pacific National Exhibition.

Economic Recovery

Hastings East Sunrise“Hastings-Sunrise basks in the area’s rebirth,” Straight.com, “Vancouver’s online source,” a free weekly news and entertainment newspaper, reported recently. “Slowly but surely, it seems, the sun is rising on Hastings-Sunrise, and “the surge of interest along and around East Hastings Street is remarkable.”

In fact, Hastings-Sunrise is in an economic recovery if not rebirth. Heritage homes along Trinity and Triumph streets draw homebuyers. The convenient location is within walking distance to Downtown, Chinatown, Gastown, Commercial Drive, and Trout Lake. The Trans-Canada Highway passes through from North Vancouver southward to Rupert Park and East Broadway at Boundary Road, eastward through Burnaby and Surrey, and onward across the continent. The neighborhood has two SkyTrain stations, seaplane terminals, bus routes, and bicycle trails.

Mindful of the neighbourhood’s remaining rough edges, however, some developers proceed cautiously. Hastings Sunrise Development Ltd pulled condos from the market to see whether conditions continue to improve. Millennium Group now sells small one-bedroom units in the 1500 block of East Hastings Street starting at $229,900. Past housing prices in Hastings-East/Sunrise have been lower than those in other areas around Vancouver, but, now that affordable homes are harder to find and new housing replaces aging stock, this neighbourhood is becoming fashionable and, of course, also more expensive.

An Unpopular Surprise Rebrand

In early 2012, the Hastings North Business Improvement Association decided to rename the neighbourhood’s 12 blocks of East Hastings Street as “The East Village.” The decision was arbitrary and autocratic with no notice or consultation with residents or other businesses, but the city permitted banners from lamp posts proclaiming the renaming. Most commentary considered the association’s action foolish, and the new name is not popular. “Hastings-East/Sunrise” evidently will remain the name of choice for the foreseeable future.

Information Links:

eastvillagevancouver.ca
http://vancouver.ca/green-vancouver/sunrise.aspx
http://former.vancouver.ca/parks/cc/thunderbird/website/index.htm
http://vancouver.ca/docs/planning/sunset-community-vision-full-report.pdf

The Neighbourhood Generally

Hastings–East/Sunrise is a neighbourhood on the Burrard Inlet in the northeastern corner of the Canadian City of Vancouver, British Columbia. The name “Hastings” commemorates the visit of Royal Navy Rear Admiral George Fowler Hastings in 1869. Hastings-East/Sunrise, three miles east of Downtown Vancouver, is one of the oldest city neighbourhoods. Its residents are mostly working class; people of Chinese descent form an increasingly substantial and significant part of its ethnically diverse population.

Hastings–East/Sunrise is primarily residential with a dense strip of shops and services along East Hastings Street and in spots along Boundary Road, East Broadway, and Nanaimo Street, the neighborhood borders south of the inlet, and Renfrew Street. Residences are mostly detached single-family dwellings. There is ample parkland, and the land zoning between Hastings Street and the inlet is partially for light industrial use. Historically mostly working-class with many foreign-born residents, mostly Italian, lately the area has attracted young professionals and immigrants from Southeast Asia.

Historical Background

In 1863, the provincial government designated New Brighton, the name for Hastings–Sunrise at the time, as a future harbour city to complement New Westminster, then the provincial capital and the rail terminus city for Western Canada. Residents re-christened th area Hastings Townsite in 1869 in honour of Admiral Hastings. The first ferry service between Burrard Inlet and Victoria on Vancouver Island operated from Hastings, which became part of the City of Vancouver in 1911. By the 1920s, railroad yards and Port of Vancouver facilities occupied much of the waterfront with public access at New Brighton Park north of Hastings Park and the Pacific National Exhibition.

Economic Recovery

“Hastings-Sunrise basks in the area’s rebirth,” Straight.com, “Vancouver’s online source,” a free weekly news and entertainment newspaper, reported recently. “Slowly but surely, it seems, the sun is rising on Hastings-Sunrise, and “the surge of interest along and around East Hastings Street is remarkable.”

In fact, Hastings-Sunrise is in an economic recovery if not rebirth. Heritage homes along Trinity and Triumph streets draw homebuyers. The convenient location is within walking distance to Downtown, Chinatown, Gastown, Commercial Drive, and Trout Lake. The Trans-Canada Highway passes through from North Vancouver southward to Rupert Park and East Broadway at Boundary Road, eastward through Burnaby and Surrey, and onward across the continent. The neighborhood has two SkyTrain stations, seaplane terminals, bus routes, and bicycle trails.

Mindful of the neighbourhood’s remaining rough edges, however, some developers proceed cautiously. Hastings Sunrise Development Ltd pulled condos from the market to see whether conditions continue to improve. Millennium Group now sells small one-bedroom units in the 1500 block of East Hastings Street starting at $229,900. Past housing prices in Hastings-East/Sunrise have been lower than those in other areas around Vancouver, but, now that affordable homes are harder to find and new housing replaces aging stock, this neighbourhood is becoming fashionable and, of course, also more expensive.

An Unpopular Surprise Rebrand

In early 2012, the Hastings North Business Improvement Association decided to rename the neighbourhood’s 12 blocks of East Hastings Street as “The East Village.” The decision was arbitrary and autocratic with no notice or consultation with residents or other businesses, but the city permitted banners from lamp posts proclaiming the renaming. Most commentary considered the association’s action foolish, and the new name is not popular. “Hastings-East/Sunrise” evidently will remain the name of choice for the foreseeable future.

New Hastings East/Sunrise Live MLS Listings

2040 PANDORA Street
Hastings Vancouver V5L 1N2

$2,800,000
Residential Detached beds: 6 baths: 3.0 3,632 sq. ft. built: 1913

Main Photo: 2040 PANDORA Street in Vancouver: Hastings House for sale in "HASTING" (Vancouver East)  : MLS(r) # R2168103
Prop. Type:
Residential Detached
MLS® Num:
R2168103
Status:
Active
Bedrooms:
6
Bathrooms:
3
Year Built:
1913
Central location in a thriving neighborhood. Steps away from the Drive and Hasting Village. This property is to be sold in combination with 2054 Pandora Street, also listed. Potential to build up to 12 units. Please verify with City of Vancouver. Excellent development opportunity. Currently tenanted. Please do not go on property and do not disturb tenant.
Property Type:
Residential Detached
Dwelling Type:
Other
Home Style:
Year built:
1913 (Age: 104)
Total area:
3,632 sq. ft.
Total Floor Area:
3,632 sq. ft.
Price Per SqFt:
$770.93
Total unfinished area:
0 sq. ft.
Main Floor Area:
1,378 sq. ft.
Floor Area Above Main:
889 sq. ft.
Floor Area Below Main:
0 sq. ft.
Basement Area:
1,365 sq. ft.
Finished Levels:
3.0
Rainscreen:
Bedrooms:
6 (Above Grd: 4)
Bathrooms:
3.0 (Full:3/Half:0)
Kitchens:
3
Rooms:
17
Taxes:
$5,243.76 / 2016
Lot Area:
7,198 sq. ft.
Lot Frontage:
59'
Lot Depth:
122'
Rear Yard Exposure:
Outdoor Area:
Fenced Yard
Water Supply:
Plan:
VAP178
Heating:
Construction:
Foundation:
Basement:
Full
Roof:
Floor Finish:
Fireplaces:
2
Fireplace Details:
Gas - Natural, Wood
Parking:
Parking Access:
Exterior Finish:
Title to Land:
Freehold NonStrata
Suite:
Floor
Ensuite
Pieces
Other
Main
Above
Bsmt
Central Location, Lane Access, Recreation Nearby, Shopping Nearby
PL VAP178 LT 6 BLK 36 DL 184 LD 36
Dist to Public Trans:
Property Disclosure:
Fixtures Leased:
Fixtures Removed:
Reno / Year:
Other / 1950
Services Connected:
Electricity, Natural Gas, Sanitary Sewer, Water
Listed Date:
Previous Price:
Original Price:
  • Photo 1: 2040 PANDORA Street in Vancouver: Hastings House for sale in "HASTING" (Vancouver East)  : MLS(r) # R2168103
    Photo 1 of 1
RE/MAX City Realty
Listing information last updated on Jun 12, 2017 8:14 PM
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