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Vancouver Chinatown [p.3]

Posted by Aedis Realty on November 28, 2022
| Uncategorized
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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

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11-15/25
  • 908 188 KEEFER Street in Vancouver: Downtown VE Condo for sale in "188 KEEFER" (Vancouver East) : MLS®# R2724688

    908 188 KEEFER Street Downtown VE Vancouver V6A 0E3
    Main Photo: 908 188 KEEFER Street in Vancouver: Downtown VE Condo for sale in "188 KEEFER" (Vancouver East)  : MLS®# R2724688
    • Photo 1: 908 188 KEEFER Street in Vancouver: Downtown VE Condo for sale in "188 KEEFER" (Vancouver East)  : MLS®# R2724688
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    • Photo 21: 908 188 KEEFER Street in Vancouver: Downtown VE Condo for sale in "188 KEEFER" (Vancouver East)  : MLS®# R2724688
    • Photo 22: 908 188 KEEFER Street in Vancouver: Downtown VE Condo for sale in "188 KEEFER" (Vancouver East)  : MLS®# R2724688
    • Photo 23: 908 188 KEEFER Street in Vancouver: Downtown VE Condo for sale in "188 KEEFER" (Vancouver East)  : MLS®# R2724688
    • Photo 24: 908 188 KEEFER Street in Vancouver: Downtown VE Condo for sale in "188 KEEFER" (Vancouver East)  : MLS®# R2724688
    • Photo 25: 908 188 KEEFER Street in Vancouver: Downtown VE Condo for sale in "188 KEEFER" (Vancouver East)  : MLS®# R2724688
    • Photo 26: 908 188 KEEFER Street in Vancouver: Downtown VE Condo for sale in "188 KEEFER" (Vancouver East)  : MLS®# R2724688
    $845,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2724688
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    851 sq. ft.
    Built by Westbank and located in trendy Chinatown, close to many cool eateries, you may rarely cook in your high end kitchen featuring integrated Miele and Blomberg appliances. Pet and rental friendly, comes with 1 parking and 1 storage lockers, plus bike storage. Gym, common roof deck with BBQ and nice lounge/party room. Showings by appointments. More details
    Listed by RE/MAX Crest Realty
  • 201 168 POWELL Street in Vancouver: Downtown VE Condo for sale in "SMART" (Vancouver East) : MLS®# R2732092

    201 168 POWELL Street Downtown VE Vancouver V6A 0B2
    Main Photo: 201 168 POWELL Street in Vancouver: Downtown VE Condo for sale in "SMART" (Vancouver East)  : MLS®# R2732092
    • Photo 1: 201 168 POWELL Street in Vancouver: Downtown VE Condo for sale in "SMART" (Vancouver East)  : MLS®# R2732092
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    • Photo 31: 201 168 POWELL Street in Vancouver: Downtown VE Condo for sale in "SMART" (Vancouver East)  : MLS®# R2732092
    $789,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2732092
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    981 sq. ft.
    You'll love this modern and spacious 2 bed + den condo in historic Gastown. Located on the secured podium level, enjoy your 216sqft private terrace with tons of greenery. Windows surround the eat-in kitchen and living room allowing lovely natural light into the space. Sleek finishes throughout, including stainless steel appliances, lots of cupboard and counter space as well as a large kitchen island. No details overlooked in this excellent layout. Spacious bedrooms and a den large enough to house an office space and baby grand piano if the vibe is right!! Great, proactive building. Pets and Rentals allowed. Unit comes with secured parking and storage. Call today! More details
    Listed by Keller Williams Realty VanCentral
  • 201 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "FRAMEWORK" (Vancouver East) : MLS®# R2731715

    201 231 E PENDER Street Strathcona Vancouver V6A 0G3
    Main Photo: 201 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "FRAMEWORK" (Vancouver East)  : MLS®# R2731715
    • Photo 1: 201 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "FRAMEWORK" (Vancouver East)  : MLS®# R2731715
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    • Photo 20: 201 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "FRAMEWORK" (Vancouver East)  : MLS®# R2731715
    • Photo 21: 201 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "FRAMEWORK" (Vancouver East)  : MLS®# R2731715
    • Photo 22: 201 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "FRAMEWORK" (Vancouver East)  : MLS®# R2731715
    • Photo 23: 201 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "FRAMEWORK" (Vancouver East)  : MLS®# R2731715
    • Photo 24: 201 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "FRAMEWORK" (Vancouver East)  : MLS®# R2731715
    • Photo 25: 201 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "FRAMEWORK" (Vancouver East)  : MLS®# R2731715
    $769,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2731715
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    750 sq. ft.
    Live in the heart of Vancouver's super trendy Chinatown at Framework! A boutique concrete building (2016) on sought after Pender St is perfect for investors & young professionals alike. This gorgeous open plan one bedroom & flex (10'8 x 9'1 is converted into a second bed) & features the best of indoor outdoor living w BONUS 440sqft private terrace inc landscaped gardens & gas bib. This well appointed property is complete w chef's kitchen featuring gas range, marble accents & moveable island the home boasts polished concrete floors, high end finishings, a spa inspired bathroom with large tub & separate shower. Thoughtfully built with storage galore and has a separate storage locker on the same floor. Pet & rental friendly inc 1parking & Balance of 2-5-10 Warranty..Open House Sat/Sun More details
    Listed by Macdonald Realty Westmar
  • 707 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East) : MLS®# R2739384

    707 239 KEEFER Street Strathcona Vancouver V6A 1X6
    Main Photo: 707 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2739384
    • Photo 1: 707 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2739384
    $758,800
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2739384
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    604 sq. ft.
    This is an awesome 1 bedroom at SPARROW, this amazing home offers 9' ceilings, full-height windows, and generous walk out patios. The living space features rift-cut white oak floors. The kitchens are a chefs paradise, stunning white oak and white lacquer cabinets, quartz countertops, under-mounted sinks, no-touch faucet, seamless Liebherr fridge, AEG European wall over & induction cooktop and Fisher & Paykel dishwasher. The bathrooms feature wall-mounted vanity and storage, Silestone Calacatta quartz countertops, Italian stone vanity, LED-lighting, rain & hand shower. Beautifully appointed bedroom with well-appointed closet. The building features common outdoor courtyard garden for all to enjoy. Storage included in suite or underground, MOVE IN EARLY 2023! More details
    Listed by Sutton Group-West Coast Realty
  • 501 168 POWELL Street in Vancouver: Downtown VE Condo for sale (Vancouver East) : MLS®# R2731645

    501 168 POWELL Street Downtown VE Vancouver V6A 0B2
    Main Photo: 501 168 POWELL Street in Vancouver: Downtown VE Condo for sale (Vancouver East)  : MLS®# R2731645
    • Photo 1: 501 168 POWELL Street in Vancouver: Downtown VE Condo for sale (Vancouver East)  : MLS®# R2731645
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    • Photo 15: 501 168 POWELL Street in Vancouver: Downtown VE Condo for sale (Vancouver East)  : MLS®# R2731645
    $739,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2731645
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    992 sq. ft.
    Bright open-concept 2 Bedroom Plus Den corner unit at the Smart Building by Concord Pacific, within the trendy Gastown Neighbourhood. On the building's quieter side, facing inner courtyard. Fully-equipped sleek Euro-style kitchen opens into expansive living and entertaining areas, w/ an open-air balcony that overlooks the private courtyard. Additional spacious flex space can serve as a private home office or nook. Easily walk to Gastown's renowned patios, Waterfront skytrain station, and corporate tech offices including Apple, Amazon, Telus, & Microsoft. Tenanted at $2500/month on a fixed term ending January 2023. Make this your home or keep as an investment. Pet & Rental Friendly building w/ a Proactive caretaker and fitness centre. In-suite laundry, 1 parking & 1 storage locker included. More details
    Listed by Bolld Real Estate Management
11-15/25
Data was last updated November 29, 2022 at 03:10 AM (UTC)
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