“Affordable housing” has become a largely obsolete phrase in the City of Vancouver, but it doesn’t have to be. “Profit potential” is another phrase that’s becoming more challenging to achieve.
Both of them can still be attainable, because the Character Homes market is a possible game-changer. These houses can be more than an
affordable place to live. They have a unique
value and Nexus tries to guide all our clients toward value every time they buy or sell. And, whether you're a private investor or a developer, Character Homes have an upside that is called
profit potential.
Many people believe it’s the same as a Heritage Home, but they’re different. The short answer is that a Character Home is typically one built before 1940, a house that usually has fewer restrictions when renovating it; in fact, there are bonuses available by retaining its character with the renovations. A Heritage Home is protected by its heritage status and, in the City of Vancouver, this can mean more restrictions to safeguard its natural state.
How do Character Homes provide not only an affordable place to live but the opportunity to be profitable? That answer is longer. You have to dig for it, and we have. What we have found is that there is affordability available in the City of Vancouver housing market.
All the Characters Homes in City of Vancouver that are currently listed for sale can be found under the Properties tab above, and any additional information about them only takes a phone call, to either Dale (604-922-3353) or Jennifer (604-726-8768).
And remember, this is about value and affordability and profitability.
