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495 LAKEWOOD Drive in Vancouver: Hastings House for sale (Vancouver East) : MLS®# R2719954

Posted by Aedis Realty on November 28, 2022
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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

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495 LAKEWOOD Drive
Hastings Vancouver V5L 4L8

$2,999,900
Residential Detached beds: 6 baths: 2.0 1,800 sq. ft. built: 1951

Main Photo: 495 LAKEWOOD Drive in Vancouver: Hastings House for sale (Vancouver East)  : MLS®# R2719954
Photo 1: 495 LAKEWOOD Drive in Vancouver: Hastings House for sale (Vancouver East)  : MLS®# R2719954
Photo 2: 495 LAKEWOOD Drive in Vancouver: Hastings House for sale (Vancouver East)  : MLS®# R2719954
Photo 3: 495 LAKEWOOD Drive in Vancouver: Hastings House for sale (Vancouver East)  : MLS®# R2719954
Photo 4: 495 LAKEWOOD Drive in Vancouver: Hastings House for sale (Vancouver East)  : MLS®# R2719954
Photo 5: 495 LAKEWOOD Drive in Vancouver: Hastings House for sale (Vancouver East)  : MLS®# R2719954
Photo 6: 495 LAKEWOOD Drive in Vancouver: Hastings House for sale (Vancouver East)  : MLS®# R2719954
Photo 7: 495 LAKEWOOD Drive in Vancouver: Hastings House for sale (Vancouver East)  : MLS®# R2719954
Photo 8: 495 LAKEWOOD Drive in Vancouver: Hastings House for sale (Vancouver East)  : MLS®# R2719954
Photo 9: 495 LAKEWOOD Drive in Vancouver: Hastings House for sale (Vancouver East)  : MLS®# R2719954
Status:
Active
Prop. Type:
Residential Detached
MLS® Num:
R2719954
Bedrooms:
6
Bathrooms:
2
Year Built:
1951
PRIME LOCATION! Centrally located in Grandview Hastings neighborhood and steps away from Hastings Village. 2 bed + den up, 4 bed down 2 bathrooms, new roof 2020, hot water tank & furnace done in 2019.Walking distance to elementary school, shops and buses. Short drive to downtown, Chinatown and amenities. Huge corner level lot (over 6000 sqft) Rm-8A zoning for rowhouses or stacked townhouses. 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:
House/Single Family
Home Style:
Year built:
1951 (Age: 71)
Total area:
1,800 sq. ft.
Total Floor Area:
1,800 sq. ft.
Price Per SqFt:
Total unfinished area:
Main Floor Area:
900 sq. ft.
Floor Area Above Main:
Floor Area Above Main 2:
Floor Area Detached 2nd Residence:
Floor Area Below Main:
Basement Area:
No. Floor Levels:
2.0
Rainscreen:
Bedrooms:
6 (Above Grd: 2)
Bathrooms:
2.0 (Full:2/Half:0)
Kitchens:
Rooms:
Taxes:
$7,548.09 / 2022
Lot Area:
6,039 sq. ft.
Lot Frontage:
49'6"
Lot Depth:
122
Exposure / Faces:
Rear Yard Exposure:
Outdoor Area:
Pad Rental:
# or % of Rentals Allowed:
# or %:
Water Supply:
Plan:
VAP178
Total Units in Strata:
Heating:
Construction:
Foundation:
Basement:
Fully Finished
Full Height:
Crawl Height:
Roof:
Floor Finish:
Fireplace Details:
Parking:
Parking Total/Covered:
12 / 2
Parking Access:
Driveway:
Exterior Finish:
Title to Land:
Freehold NonStrata
Flood Plain:
Suite:
Floor
Type
Size
Other
Main
Main
Main
Main
Main
Bsmt
Bsmt
Bsmt
Bsmt
Bsmt
Floor
Ensuite
Pieces
Other
Main
Bsmt
Clothes Washer/Dryer/Fridge/Stove/DW, Drapes/Window Coverings, Microwave
Central Location, Shopping Nearby
Dist to Public Trans:
Dist to School Bus:
Property Disclosure:
Fixtures Leased:
Fixtures Removed:
Cats:
Dogs:
Units in Development:
Plumbing Details:
Services Connected:
Previous Price:
Original Price:
  • Photo 1: 495 LAKEWOOD Drive in Vancouver: Hastings House for sale (Vancouver East)  : MLS®# R2719954
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  • Photo 9: 495 LAKEWOOD Drive in Vancouver: Hastings House for sale (Vancouver East)  : MLS®# R2719954
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Listed by Sutton Group-West Coast Realty
Data was last updated November 29, 2022 at 03:05 AM (UTC)
Area Statistics
Listings on market:
410
Avg list price:
$2,226,500
Min list price:
$929,000
Max list price:
$7,100,000
Avg days on market:
121
Min days on market:
5
Max days on market:
1,629
Avg price per sq.ft.:
$972.76
These statistics are generated based on the current listing's property type and located in Vancouver East. Average values are derived using median calculations.
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