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Vancouver Chinatown [p.4]

Posted by Aedis Realty on March 3, 2024
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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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16-20/37
  • 905 188 KEEFER Street in Vancouver: Downtown VE Condo for sale in "188 Keefer" (Vancouver East) : MLS®# R2841994

    905 188 KEEFER Street Downtown VE Vancouver V6A 0E3
    Main Photo: 905 188 KEEFER Street in Vancouver: Downtown VE Condo for sale in "188 Keefer" (Vancouver East)  : MLS®# R2841994
    $848,888
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2841994
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    807 sq. ft.
    Ready to live or invest in the heart of Vancouver's historic Chinatown at Westbank's 188 KEEFER. Thoughtfully designed by architect W.T. Leung, steps away from the new Saint Paul's Hospital project, Skytrain, T&T, cinema, shops & dining. Walk Score 97. This 2 bed+2 bath unit offers open living, big windows with North Shore mountain views, and DT panoramas. Natural light, cross ventilation, and a functional layout with a north-facing balcony. Modern kitchen, granite countertops, GE appliances, in-suite Blomberg laundry and wooden flooring. 2,500 SF amenities include gym, BBQ terrace, fireplace, lounge, garden, play area & common room. 1 Underground Parking, 1 Locker storage, and 1 bike locker included. School catchment: šx?w?q?????t Crosstown Elementary, Britannia Secondary, Laura Secord Elementary and Vancouver Technical Secondary. Pet & Rent friendly. OPEN HOUSE: Saturday 10th 2-4pm & Sunday 11th, 12:30-2pm. More details
    Listed by Oakwyn Realty Ltd.
  • 305 557 E CORDOVA Street in Vancouver: Strathcona Townhouse for sale in "Cordovan" (Vancouver East) : MLS®# R2848883

    305 557 E CORDOVA Street Strathcona Vancouver V6A 1L8
    Main Photo: 305 557 E CORDOVA Street in Vancouver: Strathcona Townhouse for sale in "Cordovan" (Vancouver East)  : MLS®# R2848883
    $819,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2848883
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,077 sq. ft.
    Cordovan by Boffo Properties – Industrial style modern 2 level + roof top townhome includes 2 bed 2.5 bath + den and offers a sleek European kitchen. The unit comes with stainless steel appliances, Philips Hue lighting, Hunter Douglas Roller Shades, custom built-in California Closets, Bosch Front Load Laundry, engineered laminate throughout, 9’ ceilings, massive windows & bonus 340 sqft private rooftop deck. Within walking distance to Railtown, Gastown & Strathcona, trendy spots including Postmark Brewing, Rail Town Café, Belgard Kitchen, Mackenzie Room, Ask for Luigi and JJ Bean! Includes 1 secure parking & large storage. Airbnb allowed (3 day min). More details
    Listed by The Agency Vancouver
  • 601 168 POWELL Street in Vancouver: Downtown VE Condo for sale (Vancouver East) : MLS®# R2853756

    601 168 POWELL Street Downtown VE Vancouver V6A 0B2
    Main Photo: 601 168 POWELL Street in Vancouver: Downtown VE Condo for sale (Vancouver East)  : MLS®# R2853756
    $799,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2853756
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    985 sq. ft.
    Super functional 2 bedroom + large den in the SMART building in Gastown. Designed by architects Busby Perkins 6 Will, SMART brings a modern, bright, European feel to Gastown. This almost 1,000 Sq Ft corner home offers spacious living that suites multiple preferences. Huge open concept den can function as a separate living space, office, play room, or can be sectioned off for a more private space. Large primary bedroom with unique gastown corridor views, and a bright, open dining and living. Kitchen features clean lines and sleek white cabinets, built in oven and ceramic cooktop. Perfect for living or investing, and great Downtown Vancouver Value, Steps to shops, restaurants, cafes in Gastown and easy access to all that Downtown has to offer. OPEN House Sunday March 3, 2-3:30 More details
    Listed by Rennie & Associates Realty Ltd.
  • 707 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East) : MLS®# R2763217

    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®# R2763217
    $758,800
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2763217
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    604 sq. ft.
    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. The building features common outdoor courtyard garden for all to enjoy. This is not an offering for sale. Any such offerings may only be made with a Disclosure Statement. E.&O.E. More details
    Listed by Sutton Group-West Coast Realty
  • 701 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East) : MLS®# R2763487

    701 239 KEEFER Street Strathcona Vancouver V6A 1X6
    Main Photo: 701 239 KEEFER Street in Vancouver: Strathcona Condo for sale in "SPARROW" (Vancouver East)  : MLS®# R2763487
    $699,800
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2763487
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    577 sq. ft.
    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. The building features common outdoor courtyard garden for all to enjoy. This is not an offering for sale. Any such offerings may only be made with a Disclosure Statement. E.&O.E. More details
    Listed by Sutton Group-West Coast Realty
16-20/37
Data was last updated March 3, 2024 at 12:10 PM (UTC)
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