Just SOLD loft listing at 1238 Seymour St

Sold in Five Days.  Bright two level loft at "The Space Lofts". This loft features plenty of light and an open concept modern designed floor plan. Enjoy sunny views of Downtown. This 680 sq.ft.+ (approx) loft features plenty of room for your "lofts" ideas. This suite includes an underground parking stall. Live in the heart of Downtown and next door to Yaletown. This building includes a gym, rooftop decks, and a caretaker.684 sq.ft. 2 level loft with parking. 

Listed By Paul Albrighton Personal Real Estate Corp - Maconald Realt Ltd.   Click here for more details about the Space at 1238 Seymour and for the current lofts for sale.

Just SOLD L'Hermitage Luxury Downtown Condo Building, 2 bedroom condo

Welcome to this high quality building - L'hermitage, just at the corner of Robson shopping corridor. Fantastic amenities features up-town style lounge, business centre w with library, fully equipped gym, outdoor pool with a hot tub, roof garden and much more. Geothermal air conditioning and heating system, imported high end wide hardwood floor, stone countertops in the minimalist modern kitchen and both bathrooms. Rainfall shower head, sub-zero fridge, Bosch cook top and Miele dishwasher. Soft close cabinets. Stainless steel backsplash. A definite rarely found quality and prestigious property. All meas are approx. .# 809 788 RICHARDS ST, Vancouver. Listed by Royal Pacific Realty Corp.

Click here for more detials on L'Hemritage and for an up-to-date list of condos for sale. 

Downtown Vancouver Loft recommendations

Here is a recent article about some great Lofts and Architectural spaces in and close to Downtown Vancouver.

Each of these units and building offer something unique and great open concept style design.

YALETOWN
#402 1180 Homer St - McMasters - This is one of the best heritage conversion buildings in Vancouver, with high-end finishing's and design.  It is a perfect blend of old and new.  It is also in a great Yaletown location. The floor plans are on one level and flow really well. Here is a recent video of a listing at McMasters: http://video.pixilink.com/video/402-1180-homer-t/

#413 - 1275 Hamilton St - Alda - This is another Yaletown conversion loft building designed by and named after Alda Pereira, with nice modern and classical elements.  This unit is smaller with only 818 sq.ft. but still has two beds/two baths.  

#306 - 988 Richards St - Tribeca Lofts - This is a newer loft building in Yaletown/Downtown, it is supposed to mimic the style of some loft buildings in the "Tribeca" area of New York.  This unit is on one level, it features newer modern styled finishing, and a homely feel with separated rooms.

GASTOWN
#309 36 Water St - Terminus - These are beautiful contemporary newly built lofts in Gastown along Water St.  This is a two level loft, these minimalist architectural gems are worth a look as the design is very unique, and very open.  This may be too modern for the average eye.

CROSSTOWN (North West of Gastown)
#502 528 Beatty St - Bowman Lofts -  This is a rare heritage two level loft, these have a very warm feel and in a very well-done high quality conversion loft building.  Not to be missed.

#806 33 W Pender - 33 - This is a modernized loft building across the street from Tinseltown.  The design and architecture is very nice, but it is one the edge of town close to some developing areas.

#407 546 Beatty St - Crane - This is a very nice loft building with exposed brick and concrete floors.  These units are a bit cold, but offer great value and plenty of potential.  Once you put in a high quality kitchen and some proper lighting these units truly shine.

DOWNTOWN
#803 1252 Hornby St - Pure - This is a Downtown modern condo building.  These units are quite contemporary and modern.  Its a 2008 built boutique tower.  The condos are finished very nicely.  The spaces are also very bright. 

FALSE CREEK NORTH
#1501 1455 Howe St - Pomaria - This is a very nice Architectural condo tower with modern design.  It is located one block from the Yaletown seawall.  And features high-end kitchens and bathrooms.  The fit and finish are very nice, and feature high-end appliances.

COAL HARBOUR
#1414 1333 W Georiga St - Qube - This is a Coal Harbour loft/condo building.  This tower was originally commercial and was converted to modernist condos in 2006.   The location and uniqueness of the building put the Qube in a league of its own.

Disclaimer The data relating to real estate on this web site comes in part from the MLS Reciprocity program of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS Reciprocity logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board.

Gastown Loft Building Updates added to albrighton.ca

I have just updated our website with some new information pages on Gastown loft buildings.  Check out our new building pages, within these pages you will find up to date listings, photos, and local information.

The Alexis at 27 Alexander St

Powell Lane at 34 Powell St

Garage at 12 Water St

Mission House 150 Alexander St

,Captain French Lofts at 41 Alexander St

Taylor Building at 310 Water St

Bodega Studios 229 Carrall St

Malkin Warehouse at 141 Water St

Watch what Paul Albrighton is doing, what lofts he is showings, what the market trends are, and what new listings are coming out on twitter.  Follow @PaulAlbrighton at http://twitter.com/PaulAlbrighton

I have just added another unique building into the Albrighton spectrum, L'Hermitage at 788 Richards St.

This luxury residence is shared with the boutique hotel "L'Hermitage".  The floor plans are very well thought out and well designed.  Additionally these units are equipped with high-end finishings including modernist sleek white kitchens.  Within the kitchens you will find amongst the best, Sub-Zero and Miele appliances.  In the bathrooms minimalist stone and "deep grain" cabinetry has been used.  Prices starting in the mid $400k's.  See the newly added page with up to date listings: http://www.albrighton.ca/l-hermitage-788-richards-st.html

March 20th and March 21st Open Houses

Designer Gastown Heritage Loft - #403 345 Water St - This unique Gastown-West building was redeveloped and completed in 2004, designed by Alda Pereira, the quality and attention to details are beauitful.  782 sq.ft. priced at $445,000 Come check out this Open House Saturday March 20th from 1:30pm - 3:00pm.

Property Details: http://www.albrighton.ca/property_detail-1-135-10751.htmlv

Large live/work industrial style loft in Strathcona/Mount Pleasant - #314 1220 E Pender St.  This extra large 1159 sq.ft. loft features 19' ceilings, and all space you've ever wanted from a true two level loft.  This unit at "The Workshop" is priced well at $449,000.  Open House Sunday March 21, from 2-4pm.

Property Details: http://www.albrighton.ca/property_detail-1-135-10514.html

#403 345 Water St - Gastown conversion loft 782 sq.ft.

Character loft in Gastown - immaculate condition.  Welcome to the Greenshields, Designed by Alda Pierra and restored in 2004, this 100+ year old architectural gem offers you a unique living opportunity. The attention to detail and design will impress. Offering (approx) 782 sq.ft. open plan with high ceilings and brick walls. Includes storage room, separated bedroom, high end touches, stainless steel appliances and stone countertops.  $445,000.  More details:

http://www.albrighton.ca/property_detail-1-135-10751.html

ALBRIGHTON OPEN HOUSES FOR MARCH 13th

#302 1189 Howe St - Awesome priced studio, 408 sq.ft. with parking for $274,900, Today 1-3pm http://www.albrighton.ca/property_detail-1-135-9031.html

#314 1220 E Pender St - BIG live/work loft at The Workshop for $449,000. Today 1:30 - 3:00pm http://www.albrighton.ca/property_detail-1-135-10514.html

#612 1238 Seymour St - Downtown two level bright loft for $369,000, Today 2:00-4:00pm http://www.albrighton.ca/property_detail-1-135-10516.html

New live/work loft for sale at # 314 1220 E PENDER ST, Vancouver and currently listed at $449,000.

True two level live/work loft. Bright, dramatic, modern and minimalist - all in one. This extremely open plan leaves endless room for your "lofty" dreams. This top floor loft features over 1100 sq.ft., over 19 foot ceilings, double height windows and a bright skylight. "The Workshop" is a ultra-solid concrete built, unique, high-quality, one-of-a-kind warehouse styled loft building located near Commercial Drive in Mount Pleasant. Enjoy the custom upgraded large kitchen, stainless steel appliances, plenty of built-in storage, and concrete floors. Live the loft lifestyle at The Workshop. Building information page: http://www.albrighton.ca/1220-e-pender-st-the-workshop.html

Video tour: http://video.pixilink.com/video/314-1220-e-pender-t/

Current list of great Vancouver lofts priced under $700,000

Property Link with details on each place:

link removed....as it expired

GASTOWN
Koret Lofts in Gastown
#413 55 E Cordova -  It is next door to both a stairway, and a structural concrete wall making for extra sound insulation.  The suite shows beautifully, and it has plumbing in the entry storage area if you wanted to build a powder room.  This building has beautiful design and finish.  As I mentioned there will be less late evening noise.  This unit also has an owned parking stall which is rare in this building, adding great value.  This unit is very well priced.

#316 55 E Cordova - This is a similar unit to #413, with about 140 sq.ft. less space, and the parking stall that is leased in another local building.  Making the price less at $474,900.

#302 150 Alexander St - Gastown - This is away from some the Gastown action, but still down the street from a smaller bar.  This unit is really beautiful as it is in a heritage conversion building, and has beautiful Northern views.  The only Downside with Gastown water view units is you can hear the trains, which don't run too frequently, although there is an early morning commuter train that comes in around 5:30am - 6:00am.

#604 53 W Hastings - Paris Block - I've added this suite because it is beautiful inside.  It is located near Carrall so there are quite a few street people around, but you can see this is reflected in the price.  It has over 1000 sq.ft. and plenty of outdoor space.

CROSSTOWN
#5 - 2 550 Beatty St - Beatty Street will have much less noise than Richards Street.  There is one bar on this street named Chambar which may have some noise, I cannot tell, but if this is a unit that faces the back lane (which is a dead -end) then it should be much quieter.  The listing doesn't have any photos, so I've included this link which has some photos from the past when it was for sale in 2007: (email Paul Albrighton for link).  This was the first heritage-conversion loft building in Vancouver done around 1985 - so the hallways and lobby are dated.  There are some incredible units within this building.  

#307 546 Beatty St -  This is a large 900+ sq.ft. unit.  This unit also faces the back lane so it will be quiet.  The open concept design is very nice, and the kitchens and bathrooms are new.  The building was completed in 2008.  This unit is worth closer to $555,000 - $560,000.  Mind the photos, the loft is in desperate need of some good lighting.  

COAL HARBOUR QUBE
#1115 1333 W Georgia St - This is the architectural building I mentioned in Coal Harbour.  It was first built in 1969 as a modernist styled earth-quake proof building, as it is suspended from the top.  Here's my information page: http://www.albrighton.ca/the-qube-1333-w-georgia-st.html  This unit has 771 sq.ft. and nice North West views.  The high ceilings and open design make it very functional.  This unit is worth in the high $480's.  This is my favourite mid-range building in the city.  

#1414 1333 W Georgia St - This is the two bedroom, two bathroom plan.  It is also one level from the PH so it does command great value.  These units sell in the $650,000 range.

POINT GREY
#201 4387 W 10th Ave - Roar One - This is the beautiful Point Grey loft building I mentioned.  It features very unique flexibility with the open loft style plan.  Larger units are priced closer to $750,000 which rarely come up.  The listing here has bad photos, here is a recent sale which had almost 1100 sq.ft, the photos show great: http://www.albrighton.ca/property_detail-1-135-8962.html.  This unit (#201) has a similar plan, only smaller, and on the W 10th side, so there is some traffic and bus noise during the day.  

MOUNT PLEASANT
#404 138 W 6th Ave - This is another unique building in Mount Pleasant near some light-industrail buildings, so it should be very quiet at night.  This space is great with a large open two level layout, a city-view patio, and over 1000 sq.ft.  It probably needs some renovations.  It is worth closer to $610,000 - $620,000.

#308 256 E 2nd Ave - Jacobsen - Here is a two bedroom, two bathroom plan at Jacobsen, the new building we spoke of.  The finish and design are very nice, I'm sure you will like it.  This unit also has Northern views over E 2nd Ave.  E 2nd Ave is a busy street, so there will be some traffic noise, but not much pedestrian noise as the area is mainly residential and light-industrial.  This unit is worth closer to $550,000 - $565,000.

#301 2635 Prince Edward St - Soma Lofts - This is a very nice newer building, they are not real lofts, but condos with good layouts, and 10' ceilings.  Generally the floor plans at Soma Lofts are very good, and always feel bigger than they really are. This is just off Kingsway and 11th Ave, but in a quiet little tucked away area.  The build design and finish in this building are very good.

#1007 328 E 11th Ave - Uno - This is across the street from Soma Lofts.  This building just has a bit of a modern feel, but not lofts.  This unit is slightly pricy at $599,000 but offers plenty of space with over 1100 sq.ft. nice interior design, and in with some views.

Vancouver Condo and Loft Market Update

The end of 2009 finished with plenty of activity and recovered prices from early 2009.  This high-level of activity and price gains have continued into the early portion of 2010.  In January 2010 there were 152% more sales than in January 2009 in all of Greater Vancouver.  The first half of 2009 was primarily dominated by first-time buyers who were attracted to low interest rates and prices down from the peak in late 2007.  The second half of 2009 proved more sales in the $500,000 - $1,000,000 range compared to the year before. 

From February 2009 Vancouver condo and loft sale prices have increased 19.7% on the Vancouver Westside and 15.3% on the Vancouver Eastside.  Certain segments of the Vancouver condominium market have now surpassed peak prices as seen in 2007. 

Demand remains strong in all price levels, as activity has been high with limited inventory.  The Olympics have just passed, and there are already signs of above-average inventory coming onto the market.  The Vancouver Westside market has become very challenging for purchasers as we have been in a sellers market since Summer 2009, so increased inventory could become beneficial by finally offering people good options to choose from, and to level off the aggressive price gains seen over the past year. 

Mortgage qualifications have been slightly tightened, as buyers will now have to qualify on five-year fixed rate instead of the previous three-year fixed rate (five-year fixed rates are slightly higher), this has a small effect on most buyers purchasing power, but is a positive sign to keep our market stable.  This will also ensure first-time buyers are staying within their limits and further avoid risk seen with interest rate increases.  

Pricing Chart for Great Vancouver - 10 Year Trend

Graph from Real Estate Board of Great Vancouver Feb 2010 Market Update.  Email [email protected] for full pdf copy.

Written by Paul Albrighton March 2010