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Vancouver Chinatown [p.4]

Posted by Aedis Realty on November 28, 2022
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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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16-20/25
  • 607 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East) : MLS®# R2727288

    607 239 KEEFER Street Strathcona Vancouver V6A 1X6
    Main Photo: 607 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2727288
    • Photo 1: 607 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2727288
    • Photo 2: 607 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2727288
    • Photo 3: 607 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2727288
    $688,800
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2727288
    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 chef's 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. Hottest new condo purchase in Downtown Vancouver! LIMITED TIME OFFER BUY NOW WITH ONLY 5% DOWN AND MOVE IN early 2023! Please note HA-1A District Schedule (Chinatown Historic Area) “Short Term Rental Accommodation”. DISPLAY CENTRE NOW OPEN! More details
    Listed by Sutton Group-West Coast Realty
  • 703 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East) : MLS®# R2727308

    703 239 KEEFER Street Strathcona Vancouver V6A 1X6
    Main Photo: 703 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2727308
    • Photo 1: 703 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2727308
    • Photo 2: 703 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2727308
    • Photo 3: 703 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2727308
    • Photo 4: 703 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2727308
    • Photo 5: 703 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2727308
    • Photo 6: 703 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2727308
    $648,800
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2727308
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    539 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 chef's 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. Hottest new condo purchase in Downtown Vancouver! LIMITED TIME OFFER BUY NOW WITH ONLY 5% DOWN AND MOVE IN early 2023! Please note HA-1A District Schedule (Chinatown Historic Area) “Short Term Rental Accommodation”. DISPLAY CENTRE NOW OPEN! More details
    Listed by Sutton Group-West Coast Realty
  • 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East) : MLS®# R2734915

    506 231 E PENDER Street Strathcona Vancouver V6A 0G3
    Main Photo: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 1: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 2: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 3: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 4: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 5: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 6: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 7: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 8: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 9: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 10: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 11: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 12: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 13: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 14: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 15: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 16: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 17: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 18: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 19: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 20: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 21: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    • Photo 22: 506 231 E PENDER Street in Vancouver: Strathcona Condo for sale in "Framework" (Vancouver East)  : MLS®# R2734915
    $614,900
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2734915
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    596 sq. ft.
    Welcome to Framework by Porte! This one-bed, one-bath + flex is situated in the heart of trendy Chinatown. This unit features polished concrete floors, quartz countertops, a gas stove, In-suite laundry, ample pantry space and a separate standing shower and soaker bathtub. Enjoy city views from your south-facing balcony. Includes one parking stall and storage locker on the same floor! Steps away from transit, coffee shops, bars and michelin-starred restaurants. More details
    Listed by Blue West Realty
  • 704 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East) : MLS®# R2739374

    704 239 KEEFER Street Strathcona Vancouver V6A 1X6
    Main Photo: 704 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2739374
    • Photo 1: 704 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2739374
    $599,800
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2739374
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    437 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
  • 506 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East) : MLS®# R2740297

    506 239 KEEFER Street Strathcona Vancouver V6A 1X6
    Main Photo: 506 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2740297
    • Photo 1: 506 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2740297
    $598,800
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2740297
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    479 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 chef's 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. Hottest new condo purchase in Downtown Vancouver! LIMITED TIME OFFER BUY NOW WITH ONLY 5% DOWN AND MOVE IN early 2023! Please note HA-1A District Schedule (Chinatown Historic Area) “Short Term Rental Accommodation”. DISPLAY CENTRE NOW OPEN! More details
    Listed by Sutton Group-West Coast Realty
16-20/25
Data was last updated November 29, 2022 at 03:10 AM (UTC)
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