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5005 PAYNE Street in Vancouver: Collingwood VE House for sale (Vancouver East) : MLS®# R2252087

Posted by Aedis Realty on September 21, 2018
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Renfrew-Collingwood Up and Coming

People and Boundaries

Renfrew-Collingwood 3Renfrew–Collingwood, the second most populous Vancouver neighbourhood after Downtown, had over 50,000 residents in the 2011 Census. A large, diverse eastside neighbourhood on the Vancouver-Burnaby boundary with substantial business centers and some fast-growing residential sectors, this neighbourhood had a population of 44,950 in 2001, 43.6 percent of whom then spoke Chinese as their first language. Canada’s 2011 census reported only 28 per cent of Renfrew-Collingwood residents as native English speakers. Chinese, Filipino, and Vietnamese are the languages heard most often on the streets.

Renfrew–Collingwood’s northern border is Broadway, East 41st Avenue is on the south, Nanaimo Street on the west, and Boundary Road on the east. Kingsway runs through the southern part of the neighbourhood, Grandview Highway through the middle, and the Trans-Canada Highway through the northeast corner.

History

In 1861, Colonel Richard Moody built a military trail through the area from New Westminster to English Bay. By 1891, Canada’s first electric interurban railway along Vanness Avenue connected Vancouver’s Downtown to New Westminster and opened the area to what became the thriving community of Collingwood near the present intersection with Joyce Street, and to the north the Renfrew district began to grow in the 1920s.

Over the years, the two areas grew together with commercial developments along Kingsway, Grandview Highway, and Boundary Road and growing numbers of condominiums and multi-family residential developments joining traditional single-family Renfrew-Collingwood 2homes throughout. Two SkyTrain lines, five stations, and interconnecting bus routes now serve neighbourhood transit needs well. Many immigrants find Renfrew-Collingwood attractive for that reason.

Information Links:

http://shopcollingwood.ca/
http://vancouver.ca/green-vancouver/renfrew.aspx
http://www.renfrewcc.com
http://vancouver.ca/docs/planning/renfrew-collingwood-community-vision-full-report.pdf

Future Development/Collingwood Village

In 2007, the City of Vancouver announced several neighbourhood centre programs as parts of an Eco-Density initiative to rezone Renfrew–Collingwood from single-family to duplex with rowhouses along busy streets to increase density and encourage commercial development along Earles and Rupert streets. The plan is controversial; many residents want their neighbourhood to retain its traditional single-family home character.

Renfrew-Collingwood 1The Collingwood Village community around the Joyce-Collingwood SkyTrain station is a story of successful redevelopment that might be instructive in the ongoing unrest over plans to redevelop neighbourhoods across the city. Renfrew-Collingwood once faced the unpleasant prospect of too many people packed into multifamily homes, but residents worked with the city government and a sympathetic developer to reach a satisfactory result. A new daycare facility was a welcome amenity.

Completed in 2006, Collingwood Village was the largest master-planned community in British Columbia at that time. The developer constructed 16 condominium and rental buildings of four-storey town homes and mid- and high-rise apartments. Since the 1990s, 2,700 new homes have gone up on what had been industrial land south of Vanness Avenue and east of Joyce Street. Kingsway shops and services are a few blocks south. More than a quarter of the community is parkland.

In 2011, the city council approved a rezoning proposal for 33 parcels of land east of Collingwood Village within Boundary Road, Vanness Avenue, and Ormidale Street to be developed as Wall Centre Central Park, three residential towers of 28, 29, and 30 storeys, all higher than any present Collingwood Village structure. In April 2013 the first 623 units went on sale, almost half priced under $300,000.

New Renfrew-Collingwood Live MLS Listings

5005 PAYNE Street
Collingwood VE Vancouver V5R 4J5

$5,790,000
Residential Detached beds: 3 baths: 1.0 1,600 sq. ft. built: 1937

Main Photo: 5005 PAYNE Street in Vancouver: Collingwood VE House for sale (Vancouver East)  : MLS®# R2252087
Prop. Type:
Residential Detached
MLS® Num:
R2252087
Status:
Active
Bedrooms:
3
Bathrooms:
1
Year Built:
1937
Land assembly, 5075,5045,5039,5033,5029,5023,5009 Also for sale. City has zoned this and the neighbouring lots as MID RISE BUILDING 140ft 4.5 FSR. Most of the area is zoned townhouse or low rise condo but this little area is potentially zoned MID RISE 140ft 4.5 FSR. Great opportunity to buy now. Perfect for investors or developers. Directly behind Westbanks's approved 30-storey tower. Steps from the Joyce-Collingwood SkyTrain Station. Call for more info
Property Type:
Residential Detached
Dwelling Type:
House/Single Family
Home Style:
Year built:
1937 (Age: 81)
Total area:
1,600 sq. ft.
Total Floor Area:
1,600 sq. ft.
Price Per SqFt:
$3,618.75
Total unfinished area:
0 sq. ft.
Main Floor Area:
800 sq. ft.
Floor Area Above Main:
0 sq. ft.
Floor Area Below Main:
0 sq. ft.
Basement Area:
800 sq. ft.
Finished Levels:
1.0
Rainscreen:
Bedrooms:
3 (Above Grd: 3)
Bathrooms:
1.0 (Full:1/Half:0)
Kitchens:
0
Rooms:
3
Taxes:
$5,167.43 / 2017
Lot Area:
4,851 sq. ft.
Lot Frontage:
49'
Lot Depth:
99
Rear Yard Exposure:
Outdoor Area:
Fenced Yard
Water Supply:
Plan:
VAP4128
Heating:
Construction:
Foundation:
Basement:
Full
Roof:
Floor Finish:
Fireplaces:
0
Parking:
Parking Access:
Exterior Finish:
Title to Land:
Freehold NonStrata
Suite:
Floor
Type
Size
Other
Main
Main
Below
Floor
Ensuite
Pieces
Other
Main
PL VAP4128 LT 6 BLK 50 DL 36&51 LD 36. GROUP 1
Dist to Public Trans:
Property Disclosure:
Fixtures Leased:
Fixtures Removed:
Services Connected:
Electricity, Natural Gas, Water
Previous Price:
Original Price:
  • Photo 1: 5005 PAYNE Street in Vancouver: Collingwood VE House for sale (Vancouver East)  : MLS®# R2252087
    Photo 1 of 1
Larger map options:
Listed by RE/MAX City Realty
Listing information last updated on May 12, 2018 at 07:41 AM (UTC)
Area Statistics
Listings on market:
123
Avg list price:
$2,100,000
Min list price:
$1,138,000
Max list price:
$5,790,000
Avg days on market:
109
Min days on market:
2
Max days on market:
528
Avg price per sq.ft.:
$1,010.11
These statistics are generated based on the current listing's property type and located in Collingwood VE. Average values are derived using median calculations.
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