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Chinatown Overview

Vancouver ChinatownCanada’s largest Chinatown, among the largest in North America, is in the City of Vancouver, British Columbia, in the blocks around Main, Pender, and Keefer Streets with the Gastown and Downtown districts to the west, Downtown Eastside to the north, the residential district of Strathcona to the east, and False Creek to the south. Chinatown remains a popular tourist attraction despite the growth of the newer Chinese immigrant business district in the suburb of Richmond south of Vancouver on Lulu Island in the Fraser River. Many affluent Hong Kong and Taiwan immigrants in Richmond have developed successful Chinese businesses in the area now named Golden Village by the City of Richmond, which once proposed the name “Chinatown” only to encounter strong resistance from the original Chinatown in Vancouver and from non-Chinese Richmond residents and merchants.

Asian Influx

The Greater Vancouver Regional District received large numbers of Asian immigrants during the late 20th Century, primarily Chinese, whose population reached 300,000 by the mid-’90s. More immigrants settled in Richmond than in Vancouver Chinatown for its lower costs of living and closer distance to the Vancouver International Airport. The development of suburban Asian shopping districts with plenty of parking space like Richmond’s Aberdeen Centre, visibly impaired the business heart of historic Chinatown.

Decline

Chinatown businesses today consist mostly of working-class retailers, small groceries, tea shops, and souvenir stores. Some restaurants stand out, but there are no longer so many, and their declining numbers brought less foot traffic and nighttime activity than in former times. The 10-percent Chinatown vacancy rate shows the need for a fresh approach to development to replace businesses that have moved to suburban locations, retired, or simply closed. Redevelopment opportunities are clearly present. Chinatown lease rates from $15–30/square foot are the cheapest in the city, much lower than those in Vancouver’s Downtown shopping district.

The Vancouver Chinatown Business Improvement Area

In the 1990s, the Vancouver Chinatown Merchants Association searched for an effective vehicle for projects to revitalize the area. Gastown and Downtown Vancouver had formed business improvement areas (BIAs) with evident success. With the consent and support of merchants and property owners, the association planned to establish a Chinatown BIA.

After several attempts, the association succeeded in winning the community support necessary establish a Chinatown BIA. The Vancouver Chinatown Business Improvement Area (VCBIA) incorporated in 2000 on a model of BIAs successful in other areas of the city to improve Chinatown’s cleanliness and safety, expand and promote its events, and work with media and external partners to make Chinatown popular and prosperous again. A voluntary board of property owners and tenants manages the VCBIA. The city assists with annual funding through a special property tax like a local improvement levy. Each property’s contribution to the annual BIA budget is according to its proportionate share of the total BIA taxable value.

Information Links:

http://vancouver-chinatown.com
http://vancouver.ca/home-property-development/chinatown-revitalization.aspx

Redevelopment Prospects

A new Chinatown business plan now encourages entrepreneurs to move in to rehabilitate storefronts, attract a young crowd, and make visitors more comfortable. Attracted by low rents and heritage buildings, new businesses have moved in with owners in apartments above the shops. Chinatown’s priority now is to attract people of all backgrounds in the belief that non-traditional stores will bring a new flow of energy and income. Commercial activity is increasingly diverse with vintage stores, two art galleries, bars, and now a nightclub at the location of the former Ming’s restaurant, an attempt to bring back some of the nightlife atmosphere of the 1950s and ’60s. The diversity of new shops and businesses has created a new Chinatown image of vibrancy to compete with suburban districts and complement nearby Gastown and Downtown Vancouver.

New Chinatown Live MLS Listings

Chinatown, Vancouver, BC, Real Estate

1-10/12
  • 20 135 KEEFER Street in Vancouver: Downtown VE Condo for sale in "THE KEEFER" (Vancouver East) : MLS® # R2190601

    Main Photo: 20 135 KEEFER Street in Vancouver: Downtown VE Condo for sale in "THE KEEFER" (Vancouver East)  : MLS® # R2190601
    • Unit #20
    • Unit #50
    $9,500,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2190601
    Bedrooms:
    4
    Bathrooms:
    7
    Floor Area:
    5,757 sq. ft.
    20&50 133&135 KEEFER ST, VANCOUVER. Rare opportunity to live in a fantastic space, but also enjoy huge revenue opportunities. Offered for sale are 3 individual strata units at the renowned Keefer building, each consisting of 1 full floor. The main floor consists of a 1156 sq ft commercial storefront currently rented at $50,000 + GST per year plus a share of the profits. The second floor unit #20 is an expansive 2 bed/2.5 bath loft space. Alternatively, a great space for friends or family. Unit #50 is the PH & consists of an immaculately renovated over 2,200 sq ft loft space with soaring ceilings & a 3,000 sf rooftop & priv glass bottom pool. Bonus: 8 year tax abatement. More details
    Four Sails Realty Inc.
  • 50 133 KEEFER Street in Vancouver: Downtown VE Condo for sale in "THE KEEFER" (Vancouver East) : MLS® # R2190612

    Main Photo: 50 133 KEEFER Street in Vancouver: Downtown VE Condo for sale in "THE KEEFER" (Vancouver East)  : MLS® # R2190612
    $4,688,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2190612
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    2,181 sq. ft.
    Penthouse loft with your very own rooftop glass bottom pool. Welcome to the storied Keefer building. Imagine having an immaculately renovated over 2,200 sq ft loft space with soaring ceilings & a 3,000 sq ft rooftop patio with your very own private pool. The uniqueness of this property blows away the competition. This penthouse is in like-new condition with a brand new kitchen featuring Gaggenau appliances as well as new Irish white oak hardwood. Amazing finishings include silent electric blinds, air conditioning, custom built-in closet systems & a show stopping glass bottom rooftop pool/spa! Sale includes car lift for 2 cars. No property taxes for 8 years. This is the one! More details
    Four Sails Realty Inc.
  • 782 E GEORGIA Street in Vancouver: Mount Pleasant VE House Triplex for sale (Vancouver East) : MLS® # R2215784

    Main Photo: 782 E GEORGIA Street in Vancouver: Mount Pleasant VE House Triplex for sale (Vancouver East)  : MLS® # R2215784
    $1,998,000
    Multifamily
    Status:
    Active
    MLS® Num:
    R2215784
    Bedrooms:
    6
    Bathrooms:
    3
    Floor Area:
    3,570 sq. ft.
    Value add investment opportunity in desirable Strathcona. Large, 3 level, 3,570 SF multi-family building overlooking MacLean Park with south facing backyard. The building offers 3 self contained units including lower floor 1 bdrm (potential for 2 bdrm conversion), main floor 2 bdrm & upper floor 3 bdrm. Currently generating $46,800 in gross income with substantial revenue upside. The property measures 25' wide x 122' deep for 3,050 SF & offers ample outdoor space situated on a quiet tree-lined cul-de-sac. This location benefits from convenient accessibility to Downtown Vancouver, Chinatown & many nearby amenities. Rare opportunity, ideal for investors & owner-occupiers looking to be part of a growing community. More details
    Avison Young Comm. R.E. Inc.
  • PH8 188 KEEFER Street in Vancouver: Downtown VE Condo for sale in "188 Keefer" (Vancouver East) : MLS® # R2220168

    Main Photo: PH8 188 KEEFER Street in Vancouver: Downtown VE Condo for sale in "188 Keefer" (Vancouver East)  : MLS® # R2220168
    $1,490,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2220168
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,004 sq. ft.
    Incredible 2 level PH in Vancouver’s trendy & historic Chinatown. Floor to ceiling windows allow an abundance of natural light throughout this corner, SE facing home. Main floor features a powder room, boasts an open concept gourmet kitchen with new upgraded stone counter tops, Miele appliances, gas cook-top, 2 built in side by side fridge/freezers, brand new full size LG Steam washer/dryer and hardwood floors throughout. A $45,000 custom glass built-in 1,000 bottle wine cellar situated in the living room makes this home an entertainers dream! Step right out onto your 380 sqft patio, BBQ and enjoy breathtaking False creek & City views. Top floor features a large master with ensuite, 2nd bedroom, a 3-piece bath and 2nd balcony. More details
    Oakwyn Realty Ltd.
  • 606 168 POWELL Street in Vancouver: Downtown VE Condo for sale in "SMART" (Vancouver East) : MLS® # R2224178

    Main Photo: 606 168 POWELL Street in Vancouver: Downtown VE Condo for sale in "SMART" (Vancouver East)  : MLS® # R2224178
    $699,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2224178
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    996 sq. ft.
    SWIPE RIGHT on this sexy, open concept condo in The Smart building. Located steps away from the heart of Historic Gastown, this area offers the cultural heritage and gastronomy truly appreciated by someone as sophisticated as you. From an investment perspective, this building ALLOWS RENTALS & PETS plus its currently rented at $2200/month to a fantastic tenant that pays on time and keeps the home smelling delicious. PUBLIC OPEN HOUSE, Thurs, Nov 23, 7-8pm; WEEKEND Open House, Nov 25/26, 2-4pm. Offers to be presented Wednesday, Nov 29 at 4pm. See REALTORS REMARKS for further instructions. More details
    Sutton Grp-West Coast Realty
  • 802 150 E CORDOVA Street in Vancouver: Downtown VE Condo for sale in "InGastown" (Vancouver East) : MLS® # R2213973

    Main Photo: 802 150 E CORDOVA Street in Vancouver: Downtown VE Condo for sale in "InGastown" (Vancouver East)  : MLS® # R2213973
    $685,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2213973
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    755 sq. ft.
    InGastown is a boutique building situated in one of Vancouver's most exciting, vibrant, and growing neighbourhoods, offering an abundance of amenities to natural waterfront parks, all within walking distance to the downtown core, Railtown, Chinatown, Yaletown, and Skytrain stations. This 9-storey concrete building boasts a common rooftop deck with outdoor kitchen and BBQ area. The interior is designed by award winning Evoke International Design and offers a modern kitchen with European integrated appliances, polished concrete floors, and quartz countertops. More details
    Oakwyn Realty Ltd.
  • 506 718 MAIN Street in Vancouver: Mount Pleasant VE Condo for sale in "Ginger" (Vancouver East) : MLS® # R2219470

    Main Photo: 506 718 MAIN Street in Vancouver: Mount Pleasant VE Condo for sale in "Ginger" (Vancouver East)  : MLS® # R2219470
    $649,900
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2219470
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    680 sq. ft.
    What makes this one-of-a-kind unit the best 1 bedroom floorplan in Ginger? 2 PATIOS WITH 2 VIEWS AND A GARDEN. Large, private NW garden space + E facing balcony. BONUS WINDOWS. Only select NE corner units get an extra wall of windows for added light. LARGE CUSTOM BUILT ISLAND. Original materials sourced for a seamless design. CUSTOM SOUND SYSTEM. Hidden speakers housed in wall beside a floating TV mount. CUSTOM STORAGE CONTAINER. Full size, strata approved lockable storage system built on patio. PETS, RENTALS, BBQS ALLOWED. Easily rentable at $2200+ month. LOCATION. Eat, shop & party in the funkiest neighbourhood in town. LOW STRATA FEES & HUGE CRF. Only $280/month and over $200k in CRF. 1 x PARKING & BIKE ROOM ACCESS. OPEN HOUSE Sunday Dec 3. 2-4PM. More details
    Macdonald Realty
  • 212 168 POWELL Street in Vancouver: Downtown VE Condo for sale (Vancouver East) : MLS® # R2216763

    Main Photo: 212 168 POWELL Street in Vancouver: Downtown VE Condo for sale (Vancouver East)  : MLS® # R2216763
    $625,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2216763
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    755 sq. ft.
    This is HOT! Step inside this stunningly cool, best unit in the boutique concrete "Smart" building located in booming hip Gastown. 8 years new, this spacious 755 SF 1 bedroom N/E corner/end unit is on the sought after inner courtyard. Floor to ceiling glass sliders to your private 100 SF outdoor lush garden deck extend the living area. Great for BBQ's, entertaining, growing food or just relaxing. Awesome functional layout, designer built-ins, beautiful engineered wood floors, sleek Euro kitchen, awesome gym, 1 parking stall right across from elevator, caretaker, rentals & dogs allowed! Steps to Crap Park Beach, close to SFU, seawall, shopping, transit, Gastown/Chinatown the next "Yaletown". Welcome Home! More details
    Sutton Grp-West Coast (Van49)
  • 604 718 MAIN Street in Vancouver: Mount Pleasant VE Condo for sale in "GINGER" (Vancouver East) : MLS® # R2226198

    Main Photo: 604 718 MAIN Street in Vancouver: Mount Pleasant VE Condo for sale in "GINGER" (Vancouver East)  : MLS® # R2226198
    $619,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2226198
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    665 sq. ft.
    Prime Mount Pleasant location !! Spacious sub penthouse 677 sq ft 1 bedroom, 1 bathroom condo w/rare FULL LENGTH BALCONY at boutique GINGER building. The sixth floor clears the building across showcasing views of the entire Downtown skyline. Very functional floorplan w/open kitchen leading to living room & bedroom w/expandable glass doors. Large, modern finish bathroom with access directly from your bedroom and bonus storage room perfect for all your extra gear or a dream closet. The living space features a wall of windows that open up onto your 16 ft by 7 ft private covered patio! Walk everywhere, Main St. location minutes to Downtown, Science World, Olympic Village, Seawall, Gastown & Terminal Skytrain station. 1 regular size parking stall included! OPEN Dec 9/10 SAT/SUN 12-2pm. More details
    Prompton Real Estate Serv.Inc.
  • 611 138 E HASTINGS Street in Vancouver: Downtown VE Condo for sale in "SEQUEL 138" (Vancouver East) : MLS® # R2211624

    Main Photo: 611 138 E HASTINGS Street in Vancouver: Downtown VE Condo for sale in "SEQUEL 138" (Vancouver East)  : MLS® # R2211624
    $588,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2211624
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    737 sq. ft.
    Large one bedroom and den at Sequel 138. Top level end unit with fantastic views of the North Shore Mountains. One of the largest floor plans in the complex with 9' ceilings throughout. Huge open concept master bedroom with more than enough space for a home office. Efficient layout with a great flex space off the entrance that makes this unit a great home or rental property. Modern appliances throughout with one secured parking stall included. Just steps to Downtown, Gastown and Chinatown. Enjoy the communal urban agricultural garden and common outdoor courtyard. More details
    RE/MAX Crest Realty
1-10/12
Listing information last updated on December 11, 2017
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