Are you planning to move into Mount Pleasant? If so, you’re in luck! Mount Pleasant is one of Vancouver’s finest neighbourhoods, making it a prime location to purchase real estate.
If you aren’t familiar with Mount Pleasant, it may be in your best interest to work with a local real estate agency, such as Real East Van. A local real estate agent is more familiar with the area and can easily point you towards properties that fit your wants and needs perfectly. You may also benefit from these five facts about the neighbourhood:
Mount Pleasant has multiple heritage sites, as well as Mount Pleasant Community Centre. It is built in an area of high foliage, which has rarely been reduced in size or amount throughout the years. Although it has many modern accommodations, these elements together make Mount Pleasant more like a New Westminster or Surrey suburb than other neighbourhoods.
2. Closeness to Main Street, Broadway and Kingsway affects prices
As a corollary to the above, Mount Pleasant is close to Main Street, with the shopping district on its north end sometimes called “South of Main”. Generally, the farther north in Mount Pleasant a home is, the more expensive it may be. This, however, may be a good thing if you are planning to purchase real estate as an investment.
3. Some homes sit empty, which affects your options positively
BC Hydro’s data has provided estimates that 4.5 percent of condos sit empty in Mount Pleasant and surrounding neighbourhoods. Although the housing market is competitive, exploring all of your options may allow you to find a steal of a home that hasn’t sold even a week after listing.
4. All demographics live in Mount Pleasant
Although Mount Pleasant has many quieter areas and both necessary and wanted services can be found close to most Mount Pleasant homes, Mount Pleasant is not a retirement community in the same sense that White Rock is. If you’re looking for a specific atmosphere beyond nature, heritage and suburbs, Mount Pleasant may require more research before making a decision.
5. Mount Pleasant is still part of East Vancouver
Even accounting for all of the above specific points, it is good to understand the trends in Vancouver’s housing market before searching for homes. As of 2016, acting quickly and hiring a real estate agent are the best ways to do this and benefit from it.
Sources:
More than one in 10 Vancouver condos sit empty. www.vancouversun.com
Mount Pleasant. vancouver.ca