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Yaletown, Downtown Vancouver | Neighbourhood Profile

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Contains information licensed under the Open Government Licence – Vancouver. The maps and map data are provided "as-is" and are not legal surveys or legal descriptions. Faith Wilson Realty Group Inc. explicitly disclaims any representations and warranties as to the accuracy, timeliness, or completeness of maps and data. These maps and data are created from multiple city, provincial, federal and private sources, including Google Maps and the BCNREB, CADREB, FVREB, REBGV. The source data may contain errors. Vancouver zoning details can be found here: Zoning & Development Bylaws Information regarding school boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school or school system.

Yaletown Video

Revitalized, retro, scenic, sonic, trendy, tranquil – Urban living: playing and working at its downtown Vancouver best

The historic Roundhouse that sits at the edge of Yaletown was the real beginning of this neighbourhood. The original railway roundhouse was situated in the Fraser Canyon town of Yale. When the railway decided to move it down to Vancouver, the railroad workers followed. Some even moved their homes on rail flatcars down to Vancouver, and the area where they set up their new homes became known as Yaletown. By the early 1900s the district had emerged with warehouses, truck and transfer companies and small manufacturers as primary tenants. Although the city planners had hoped to expand this warehousing district, the lure of cheaper suburban land and its proximity to major highways combined with the increased use of transport trucks drew most of the industrial tenants away from this downtown area.


Schools

While the lure of the downtown vibe coupled with a plethora of green space, eclectic shopping and superior restaurants combine to be some of the main draws for the urban dweller, the demographic needs of the area have also been recognized. For the young up-and-coming urban professional family, there is the convenience of having the Elsie Roy Elementary School in the heart of the Yaletown district. Also within an easy walking distance, the nearby district of the West End offers another superior elementary school – Lord Roberts Elementary.

The neighbouring West End also is the site of King George Secondary School which caters to the needs of the older children in the family. Also available to the residents of Yaletown are the private institutions of Pattison High School and the Westside Preparatory School.

If access to higher education is a goal, then the Yaletown has opportunities at your doorstep. In the nearby downtown core there are three institutes of higher learning that have established downtown campuses.

At Robson Square the University of British Columbia has its Downtown campus featuring: Continuing Studies, Faculty of Law, Faculty of Medicine (including a full-time Masters in the Health Administration program); part-time MBA Studies in the respected Sauder School of Business. Other amenities include the UBC Bookstore, UBC Library branch and over 70,000 square feet of convention and event facilities.

Just down the street at 555 Seymour there is the downtown campus for BCIT (British Columbia Institute of Technology) with a full spectrum of courses available.

Over at Harbour Centre on West Hastings, Simon Fraser University offers a full selection of continuing studies. Another downtown location, in the iconic Woodwards Building, offers the facilities of their renowned School for Contemporary Arts. Coupled with their Segal Grad School of Business and the Morris J. Wosk Dialogue Centre, SFU has established a firm and extensive presence in the downtown core.


…an urban residential oasis that combines the best of the waterfront with the vibrancy of the urban atmosphere

Location

The waters of False Creek are the natural southern boundary to Yaletown. The Burrard Street Bridge is the visual western border of the area. Yaletown encompasses all the land that falls south of Pacific Boulevard until Pacific Boulevard reaches Richards Street. At this point the northern boundary of the area north up Richards Street to Smithe Street. This northern boundary continues along Smithe to the Cambie Street Bridge where Pacific Boulevard once more becomes the northern boundary. The eastern edge of Yaletown is defined by Carrall Street and the pedestrian walkway that extends along what would be Carrall Street from Pacific Boulevard to the Seawall. The Yaletown area basically encompasses the north side of the False Creek Waterway. The original site of Vancouver lumberyards and industrial mills, the area was cleaned up and became the renowned Expo 86 site when Vancouver hosted the world. Since Expo 86, the 204 acres have been carefully transformed into an urban residential oasis that combines the best of the waterfront with the vibrancy of the urban atmosphere.


Housing

In the 1960s the downtown core of Vancouver began its “high-rise transformation”. Yaletown still held its industrial zoning status, so many of the warehouses were spared demolition.

Soon though, urban professionals began to take note of the warehouses so conveniently located near to the downtown core. In the later part of the 70s and the early 80s renovations and restoration began on some of these warehouses. Restaurants, nightclubs and retail stores became tenants.

Recognizing the potential, City of Vancouver rezoned the area in the mid 80s, thus encouraging the conversion and renovation of the existing warehouses as well as the construction of appropriate new buildings. The intent was to establish a compatible and contemporary mix of commercial, industrial and residential usage. A number of “loft-style” residential conversions, as well as new construction, have significantly increased the residential flavour of this downtown Vancouver area.

Concord Pacific has successfully blended high-rise and low-rise, townhouse and condo, state-of-the-art facilities with breathtaking views and green space. The result is a comfortable, walkable, liveable community that is a pleasure to live in.


Recreation

A necklace of parks adorns the area around the False Creek basin including David Lam, Creekside and Coopers’ Parks.

Take the time and visit David Lam Park, an impressive 10 acres of open green space and flowers. The beautiful David Lam Park is named for an extraordinary public figure who retired after an illustrious 6-year term as British Columbia’s Lieutenant Governor. David Lam Park is a great place for children. Two large play areas provide hours of fun. A plaza steps down to a natural grass playing field and a tidal pool surrounded by large boulders rounds out the scenery. Take a moment to look at its shoreline and you will notice large steps down to the water creating informal seating opportunities overlooking a natural cobble tidal slope and secondary walkway. The Seawall runs along the entire waterfront of Yaletown.

To further preserve the historic nature and colour of the area, the City has recently recognized the old truck loading docks with their overhang canopies as architectural features unique to this area and has encouraged their use as coverings for walkways and seating areas for restaurants and retail.


Shopping

Yaletown is the city’s newest shopping district. Turn-of-the-century buildings that now house high-end furniture, home design and designer clothing retailers characterize the neighbourhood. As well, large grocery stores, produce delis, liquor stores, dry cleaners, fashion shops, theaters and restaurants make Yaletown one of Vancouver’s most coveted areas to live.


Transportation

Yaletown has one of the best transportation options of any neighbourhood in Vancouver. Many residents in Yaletown choose not to own a vehicle because access is so easy. Some condo buildings have even instituted a system whereby, when you purchase your condo, you also purchase shares in a “common” car that can be used on an “appointment” basis by residents, thus eliminating any need to actually own a car.

With water taxis to the south side of False Creek and Granville Island, easy walking access to the Skytrain (for travel to the suburbs) and Canada Line (for travel to the downtown business district, Cambie Corridor, City of Richmond and Vancouver International Airport) make all of Vancouver accessible to Yaletown residents.

Yaletown Active Listings Summary | as of March 29, 2017

The table shown below is a current snapshot of all the active listings in Yaletown, segmented by residential property types. The second column is a calculation of the current median asking price, while the third column is the summed total of all active listings for the related property type. Please note that this table is updated every 24 hours.

Quick Tip: Gain instant access to all of the related listings by selecting a row in the table and pushing the button below.

Yaletown MLS® HPI Benchmark Prices | March, 2017

Current Benchmark Price:
$742,400

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” Apartment in Yaletown.

The MLS® HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or ‘benchmark’ property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.

The "Benchmark Definition" shows the list of attributes associated with the current Benchmark Price. The bar graph below shows the historical Benchmark Price changes, from 1 month previous to 10 years ago.

Apartment Benchmark Definition

Above Ground Bedrooms:
2
Amenities:
No
Appliances Included:
Yes
Basement Area:
0
Bedrooms:
2
Below Ground Bedrooms:
0
Concrete Frame:
Yes
Covered Parking Spaces:
1
Elevator:
No
Exterior Walls:
Masonry & siding
Finished Basement:
No
Full Bathrooms:
1
Garage Parking Available:
No
Gross Living Area (Above Ground - in sq. ft.):
802
Half Bathrooms:
0
Heating:
N/A
Heating Fuel:
Electricity
Panoramic View:
Yes
Parking Spaces:
1
Total Number Of Rooms:
6
Type Of Covered Parking:
Underground garage
Type Of Floor:
Non Wood
Type Of Pool:
Indoor
Type Of Roofing:
Other
Waterfront:
No
Year Built:
2002

Historical Benchmark Price Changes

Current Benchmark Price:
$1,496,600

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” Townhouse in Yaletown.

The MLS® HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or ‘benchmark’ property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.

The "Benchmark Definition" shows the list of attributes associated with the current Benchmark Price. The bar graph below shows the historical Benchmark Price changes, from 1 month previous to 10 years ago.

Townhouse Benchmark Definition

Above Ground Bedrooms:
2
Amenities:
No
Basement Area:
0
Bedrooms:
2
Below Ground Bedrooms:
0
Covered Parking Spaces:
2
Full Bathrooms:
3
Gross Living Area (Above Ground - in sq. ft.):
1294
Half Bathrooms:
1
Heating:
N/A
Number of Fireplaces:
1
Panoramic View:
No
Total Number Of Rooms:
7
Type Of Covered Parking:
Underground garage
Type Of Floor:
Non Wood
Waterfront:
No
Year Built:
2003

Historical Benchmark Price Changes

 

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