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115 W 46TH Avenue in Vancouver: Oakridge VW House for sale (Vancouver West) : MLS®# R2279007

Posted by Aedis Realty on August 18, 2018
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Sunset on the Fraser River

The Neighbourhood

Sunset 1An ethnically diverse neighbourhood within Ontario Street on the west and Knight Street on the east, Sunset extends from 41st Avenue south to the Fraser River in southeastern Vancouver, British Columbia. Like most of southeast Vancouver, the area was once mostly working class, but rising prices everywhere have made the area increasingly popular with young professionals and families no longer able to afford houses on the west side.

Background

Formerly part of the incorporated District of South Vancouver, the neighbourhood became part of Vancouver in 1929. As farmland sloping southward to the river with clusters of homes and villages by the 1860s, when the Fraser River was a full day’s journey to the Granville Townsite on the Burrard Inlet by boat or overland through forest and swamp, Sunset welcomed the advance of Westminster Avenue, now Main Street, south from Mount Pleasant in 1910.

The first immigrants from Punjab arrived in Vancouver in the 1890s. Most of them settled in the area around Main Street and 49th Avenue, and many established restaurants and businesses there. Over the years the Sunset neighbourhood has become for Vancouver’s estimated 160,000 South Asian residents a central assembly point of culture and commerce.

The number of Punjabi speakers increased steadily for decades. It is now the most common language in Sunset. More than one in four, 26 per cent of the Sunset population, in 2006 spoke Punjabi as their first language compared to less than three per cent of the general city population, 21 percent spoke Chinese, and 24 percent English. Businesses, restaurants, and services catering to these communities proliferated along Fraser and Main streets; prominent among them was the Punjabi Market.

Sunset 2Information Links:

http://southhillbia.ca
http://vancouver.ca/green-vancouver/sunset.aspx
http://www.mysunset.net

The Punjabi Market

The Punjabi Market is a commercial district and ethnic enclave in a roughly six-block section around Main Street and 49th Avenue. Vancouver is home to more than 200,000 people of Indian and Pakistani descent, nowhere more vibrant than at the Punjabi Market, a world of glittering bangles, flowing saris, and rich curry aromas. The neighbourhood gives visitors a glimpse of South Asian culture on Canada’s Pacific Coast. Shops sell fine silk saris in a rainbow of bright colors and elaborate gowns with thousands of tiny inlaid gems. Bhangra music from Bollywood films pumps out of storefronts. Fine jewelers offer exquisite gold rings, bracelets, and necklaces. In April, the Punjabi Market celebrates Vaisakhi Day, the Sikh New Year, with a colorful parade through the streets attracting thousands of spectators.

Vancouver’s Punjabi Market has been a city fixture for decades, but the 2013 municipal Assessment Roll Report finds the area in financial trouble: “Values here are down about 15 percent as the regional [Indo-Canadian] retail hub continues to shift towards Surrey.” Even Tourism Vancouver says the Punjabi Market is struggling. Once famous for many jewelry stores, the Punjabi Market now displays lots of empty space for lease. Elsewhere across the city, retail property value assessments rise but decline here as businesses relocate to Surrey.

The Punjabi Market Association says the district needs some help from the city, province, and federal governments if it’s going to survive. The Surrey Board of Trade says its city offers lower rents and taxes than does Vancouver.

New Sunset Live MLS Listings

115 W 46TH Avenue
Oakridge VW Vancouver V5Y 2X1

$4,598,000
Residential Detached beds: 7 baths: 8.0 5,296 sq. ft. built: 2012

Main Photo: 115 W 46TH Avenue in Vancouver: Oakridge VW House for sale (Vancouver West)  : MLS®# R2279007
Prop. Type:
Residential Detached
MLS® Num:
R2279007
Status:
Active
Bedrooms:
7
Bathrooms:
8
Year Built:
2012
Fabulous 6 years total 5296 sf (4194 sf+ 1102 sf laneway house) ideal family home in a lovely quiet safe location steps to BC's top schools, Oakridge mall and the Canada line, 10 mins to YVR Air port and Downtown, 15 mins to UBC. Some features include all bedrooms with ensuites, with air conditioner, and radiant heat. All exterior door with steel frame. Two bedrooms legal suite in the basement. Bright, quiet, functional and spacious floor plan with no space wasted. 9' ceiling on main. Excellent built with Gorgeous materials. Using same good material built the 1102 sf two bedroom LANEWAY HOUSE. Open House July 28 Sat 2-4pm.
Property Type:
Residential Detached
Dwelling Type:
House/Single Family
Home Style:
Year built:
2012 (Age: 6)
Total area:
5,296 sq. ft.
Total Floor Area:
5,296 sq. ft.
Price Per SqFt:
$868.2
Total unfinished area:
0 sq. ft.
Main Floor Area:
1,413 sq. ft.
Floor Area Above Main:
1,246 sq. ft.
Floor Area Below Main:
1,102 sq. ft.
Basement Area:
1,535 sq. ft.
Finished Levels:
3.0
Rainscreen:
Bedrooms:
7 (Above Grd: 4)
Bathrooms:
8.0 (Full:8/Half:0)
Kitchens:
3
Rooms:
15
Taxes:
$13,203.88 / 2017
Lot Area:
6,033 sq. ft.
Lot Frontage:
49'5"
Lot Depth:
122.0
Rear Yard Exposure:
Outdoor Area:
Fenced Yard, Patio(s)
Water Supply:
Plan:
VAP4757
Heating:
Construction:
Foundation:
Basement:
Fully Finished
Roof:
Floor Finish:
Fireplaces:
2
Fireplace Details:
Other
Parking:
Parking Access:
Exterior Finish:
Title to Land:
Freehold NonStrata
Suite:
Floor
Ensuite
Pieces
Other
Main
Bsmt
Bsmt
Bsmt
Above
Above
Above
Above
PL VAP4757 LT 14 BLK 1103 DL 526 LD 36. AMD (SEE 368336L).
Dist to Public Trans:
Property Disclosure:
Fixtures Leased:
Fixtures Removed:
Services Connected:
Electricity, Natural Gas, Storm Sewer, Water
Previous Price:
Original Price:
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Larger map options:
Listed by RE/MAX Crest Realty
Listing information last updated on July 30, 2018 at 08:11 PM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$3,643,000
Min list price:
$2,700,000
Max list price:
$11,000,000
Avg days on market:
92
Min days on market:
9
Max days on market:
571
Avg price per sq.ft.:
$1,129.75
These statistics are generated based on the current listing's property type and located in Oakridge VW. Average values are derived using median calculations.
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