The Merit of Older Kitsilano Condo Buildings

16.01.2014

Share This!

The Differences between New and Old Condo Buildings in Kits:

So you consider yourself a modern person, and only modern homes will do. We have lots of clients who specify that they are only looking for a condo built in the last 5 years, or post-2000.. nothing “old”. Kitsilano is an older neighbourhood in Vancouver and has it’s fair share of older condo buildings. If you’re going to live in Kits, there’s a good chance you’ll be living in a building more than 20 years old. Don’t despair – I’m here to help dispel some myths about older Kitsilano condo buildings.

An Oldie but a Goodie

Older Kitsilano condo buildings have a lot to offer: they generally have bigger floor plans with more character, bedrooms that can fit more than just a bed, lots of built in storage, good sized balcony’s, normal sized parking spots and larger storage lockers. When land wasn’t at such a premium, architects had a little more freedom when it came to sight lines towards the mountains and other buildings, so there’s a good chance you won’t be staring at your neighbour from your living room. Older condos may also be needing a renovation, allowing you to inject some of your own creativity and design into the space. Also, older buildings typically have long term residents and fewer renters.

An older condo building in Kits may not have the fancy amenities like some newer buildings (think pool, gym, party rooms, etc) but you also don’t have to pay for the extra amenities that you may not use. Aesthetically, you can’t compare and older and newer building since building materials and popular styles have changed in 10, 20 or 30 years. When comparing building, think of the performance, and building management (such as how much is in the contingency and how pro-active they are)

How Condo Prices can Vary with Older Condo Buildings

Mechanically, if the building has updated it’s major systems – boilers, roof, rainscreen, windows, elevators, lobbies, etc. then it’s can be just as good as new, perhaps even better as some of these systems will come with a warranty. Otherwise, the building may need some maintenance in the next few years (we’ll uncover this is information during the buying process), so you may need to be prepared for a special assessment. Keep in mind that any maintenance and updates to your building helps maintain it’s performance and your investment.

Typically, the price can vary significantly between older condos and newer condos, specifically when thinking of price per square foot of space. For $450,000: the unit in the older building will be bigger and possibly in a better (or more established) area of town, Consider how many post-2000 built buildings are near Kits Beach…. a handful, if that!

Location, Location, Location

Some of the newer buildings are often off the major thoroughfares, including West 4th and Broadway, these include: Pulse, Kits360, the Vermeer, and more. For a list of some of the older Kitsilano condo buildings we like, see our list of Best Kitsilano Condo Buildings.

In terms of investment, a newer condo building *might* be better for someone who is only looking to live there for a few years, since the chance of a special assessment is lower and the possibility of renting the unit out is probably higher.

At the end of the day, preference is king – if you’re open to the idea of living in a new or old building, tour both of them to see how far your dollars will stretch.

[x] close

Login for Full MLS Acess

Name* (first and last):

Email Address*:

Price Range: -

Property Type:

How many bedrooms?

How many bathrooms?

What area? (Near xxx)

I'm looking for a home that: (Allows pets, has ocean view)

Are you working with a Realtor?

Terms of Use

The term Virtual Office Website ("VOW") refers to a Participant's (REALTORS®) Internet website, or a feature of a Participant's Internet website, through which the Participant provides real estate brokerage services to Registrants (clients and prospects) with whom the Participant has first established a relationship where the Registrant has the opportunity to search for MLS® data, subject to the Participant's oversight, supervision and accountability. By agreeing to these "Terms of Use" you:

  1. acknowledge and understand that the Terms of Use do not create an agency relationship and do not impose a financial obligation on the Registrant or create any representation agreement between the Registrant and the Participant;
  2. understand that all data obtained from the VOW is intended only for your personal, non-commercial use;
  3. do have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered through the VOW
  4. agree not to copy, redistribute or retransmit any of the data or information provided;
  5. acknowledge the Board/Association ownership of and the validity of the copyright in the MLS® database.
  6. agree that all information provided may be provided to the relevant Board and may be used to administer and operate the VOW and to investigate any breach of security of the data or the MLS® rules
  7. that a "mouse click" is sufficient acknowledgement and agreement to the terms
  8. must supply a user name and a password, the combination of which must be different from those of all other Registrants on the VOW, before being permitted to search and view information from the MLS® database via the VOW.
  9. must provide a valid email address. The Registrant may be permitted to access the VOW only after the Participant has verified that the email address provided is valid the Registrant's agreement to the VOW's Terms of Use is confirmed.
  10. understand the Participant must at all times maintain a record of the name, telephone number and email address supplied by the Registrant, and the username and current password of each Registrant, such records to be kept for not less than 180 days after the expiration of the validity of the Registrant's password. If the Board/Association has reason to believe that a Participant's VOW has caused or permitted a breach in the security of the data or a violation of MLS® rules related to use by one or more Registrants, the Participant shall, upon request, provide to the Board/Association a copy of the record of the name, email address, telephone number, username, current password, and audit trail, if required, of any Registrant identified by the Board/Association to be suspected of involvement in the violation.
  11. Understand that information on this site is deemed to be valid but is not guaranteed. It is the responsibility of the registrants to confirm all information on their own. Broker may not have reviewed or approved listing enhancements. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  12. Understand any agreement entered into at any time between the Participant and Registrant imposing a financial obligation on the Registrant or creating agency representation of the Registrant by the Participant must be established separately from the Terms of Use, must be prominently labelled and may not be accepted solely by mouse click
  13. have received, read and understand the brochure published by the British Columbia Real Estate Association entitled Working With a REALTOR®

Having agreed to the terms and conditions of use, I would like to have access to this VOW information.

 Terms and Conditions I agree to the Terms and Conditions

[x] close

Login for VOW Access

Remember me

Don't have an account? Register now!