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209 626 ALEXANDER Street in Vancouver: Hastings Condo for sale in “626 Alexander” (Vancouver East) : MLS® # R2229678

Posted by Aedis Realty on January 19, 2018
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Growing Pains in Railtown

The Nascent Neighbourhood

Railtown 1The Vancouver Observer, an online independent newspaper, in an October 2013 article describes Railtown as “A taste of Brooklyn in Vancouver” and as “Vancouver’s final frontier.” The article defines this small area as within Alexander Street on the south and the railyards on the Burrard Inlet waterfront on the north between Columbia Street and Heatley Avenue. A May 2014 Canadian Broadcasting Corporation (CBC) online article defines the area as somewhat larger extending from the waterfront as far south as Hastings Street between Main Street and Hawkes Avenue, a slight shift eastward, but both articles include a core area from Alexander Street north between Main Street and Heatley Avenue, and both express concern over gentrification.

The Gentrification Controversy

In a sidebar, “A brief history of gentrification in Vancouver,” The Observer defines gentrification as “people being pushed out of their neighbourhood by people with more money,” noting that the gentrification boom follows a long period of deterioration in which property values fell to very low levels. During this period, nobody paid property taxes, the city seized land for delinquent taxes, then sold it for bottom-level prices to buyers eager to profit from the 1966 Strata Titles Act, which for the first time made mere apartments real estate. Before that law there were no condos, just single-owner or cooperative properties. Condominium construction and conversion accelerated gentrification of neighbourhoods and displacement of their residents unable to buy into the change.

Railtown 3The Observer concludes that the city should explore “more creative modes” of property ownership by cooperative, shared ownership of whole buildings, cohousing, and laneway housing, small structures typically built in the rear of pre-existing. The CBC laments the facts that rapid growth in Railtown may be good news for business but that 13,000 Downtown East Side low-income residents living on pensions or welfare benefits face the threat of eviction.

New Attractions

Once a rough industrial district of dives and brothels, Railtown today is home to the avant-garde Railtown Design District, six affiliated businesses aiming to make the neighborhood a centre of architectural advancement. In addition to the Design District, Railtown has seen several new businesses and cafes arrive as old warehouse and factory buildings convert to new uses. The Vancouver Urban Winery has an historic building in which it manufactures, packages, imports, and distributes wine for multiple brands and hold functions and parties around wine themes. So popular has this new venture proven to be with patrons that it started in 2012 with two employees and now has thirty.

Information Links:

http://strathconabia.com/
http://vancouver.ca/home-property-development/dtes-local-area-plan.aspx

Downtown Eastside Development Plan

Railtown, Gastown, and the rest of the Downtown Eastside may see major changes from the city council approval in March 2014 after two days of public hearings of a plan to guide future development. The mayor says the plan reflects “aspirations for safer and more stable Railtown 2housing, protections for low-income residents, stronger support for mental health and addictions, and a more vibrant local economy.”

The plan is ambitious in its aims to accommodate developers who have driven up land values by purchasing, redeveloping, or speculating on neighbourhood properties and to protect low-income residents increasingly struggling to afford rent and food as neighbourhood costs increase. Plan critics say provisions for new or replacement “social housing”* units, upgrades to single-room occupancies, and rent-subsidized units may help some area residents but will leave others in squalor or on the streets. Whether the plan does enough for all 6,300 residents on social assistance and 6,000 others on low incomes is uncertain, but in a no-condos zone along Hastings Street new structures must be at least 60 percent social housing, and one third of those new units must rent at shelter rates. The plan protects heritage buildings and designates Railtown as a potential location for office use.

* The British/Canadian term “social housing” is synonymous with “public housing” in the USA.

New Railtown Live MLS Listings

209 626 ALEXANDER Street
Hastings Vancouver V6A 1C9

$529,900
Residential Attached beds: 1 baths: 1.0 565 sq. ft. built: 2015

Main Photo: 209 626 ALEXANDER Street in Vancouver: Hastings Condo for sale in "626 Alexander" (Vancouver East)  : MLS® # R2229678
Prop. Type:
Residential Attached
MLS® Num:
R2229678
Status:
Active
Bedrooms:
1
Bathrooms:
1
Year Built:
2015
STUNNING 1 bed + 1 bath in historic Railtown! Inside you will find beautiful hardwood floors, 9'6 ceilings and front to back windows allowing for a bright and spacious 565sf of open living space where no detail has been spared. Gourmet kitchen features solid quarts counters, integrated appliances, Fulgor Milano gas range/oven, large island for dining and entertaining and an abundance of storage space! The spa-like bathroom is fitted with custom vanity and storage, rain-shower system and gorgeously tiled shower and floors. Rapidly developing area with lots of boutique restaurants, breweries and shops! One storage locker included.
Property Type:
Residential Attached
Dwelling Type:
Apartment/Condo
Home Style:
Year built:
2015 (Age: 3)
Total area:
565 sq. ft.
Total Floor Area:
565 sq. ft.
Total unfinished area:
0 sq. ft.
Main Floor Area:
565 sq. ft.
Floor Area Above Main:
0 sq. ft.
Floor Area Below Main:
0 sq. ft.
Basement Area:
0 sq. ft.
Finished Levels:
1.0
Rainscreen:
Bedrooms:
1 (Above Grd: 1)
Bathrooms:
1.0 (Full:1/Half:0)
Kitchens:
1
Rooms:
3
Num Storeys:
4
Taxes:
$937.14 / 2016
Lot Area:
0 sq. ft.
Rear Yard Exposure:
Outdoor Area:
None
Water Supply:
Plan:
EPS3082
Total Units in Strata:
24
Heating:
Construction:
Foundation:
Basement:
None
Roof:
Floor Finish:
Fireplaces:
0
Fireplace Details:
None
Parking:
Parking Total/Covered:
0 / 0
Parking Access:
Exterior Finish:
Title to Land:
Freehold Strata
Suite:
Floor
Type
Size
Other
Main
Main
Main
Floor
Ensuite
Pieces
Other
Main
Pets Allowed w/Rest., Rentals Allowed w/Restrictions
$143.58
Clothes Washer/Dryer/Fridge/Stove/DW
Central Location
In Suite Laundry
PL EPS 3082 LT 10 DL 196 LD 36
Dist to Public Trans:
Property Disclosure:
Fixtures Leased:
Fixtures Removed:
Units in Development:
24
Services Connected:
Electricity
Listed Date:
Previous Price:
Original Price:
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Listing information last updated on 10-Jan-2018 7:31 PM
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