As a result, many people choose to live in this vibrant neighbourhood, making now the perfect time to explore South Cambie real estate. Let’s examine this bustling community’s average home prices.
Residents of South Cambie have all the amenities they could need, from underground Canada Line transportation to downtown Vancouver and Richmond to UBC and Pacific Spirit Regional Park nearby. For those who love golf, there are five courses along S.W. Marine Drive! Here’s a list of why this neighbourhood is so desirable:
- Located between West 49th and 59th with Oak Street in the west and Ontario Street in the east.
- Easy access to UBC, Vancouver International Airport, and Pacific Spirit Regional Park.
- Five golf courses along S.W. Marine Drive.
South Cambie is an established and inviting area, with many luxurious single family homes that boast spectacular landscaping. Whether you’re looking for a designer home with superior finishes or a spacious one to accommodate your growing family, you’ll find it here! With these residences comes great entertaining potential and the ability to impress business partners and friends alike – three reasons why South Cambie stands out:
- Great atmosphere.
- High-end interior and exterior design.
- A plethora of living options.
South Cambie is a great neighbourhood if you’re looking for an incredible place to call home on Vancouver’s west side, or if you’re interested in investing in real estate. Redevelopment plans for the area known as the ‘Cambie Corridor’ provide unique chances to assemble land holdings and benefit from rental income – here are four reasons why:
- An amazing neighbourhood
- Opportunities to participate in land assembly
- Holding properties for rental revenue
- On Vancouver’s West Side.
If this sounds like something you’d like to explore, South Cambie has plenty to offer!
Commuting
South Cambie is a very convenient part of Vancouver for pedestrians and cyclists alike; with running common errands being easy, plenty of businesses close by, and numerous bike lanes. Travelling by public transit is also straightforward in South Cambie, with rapid transit stations like King Edward Station Platform 2 and King Edward Station Platform 1 on the Canada Line Skytrain just a short distance away from most residences. Despite not being overly car-friendly, accessing parking is still conveniently simple. All these transportation options make this area perfect for those who don’t necessarily need to use a car:
- Pedestrians can easily run their errands with businesses nearby.
- Cyclists have ample access to bike lanes.
- Public transit is accessible through various bus lines and stops that are close by.
Amenities
In South Cambie, it’s often possible to buy groceries on foot, whether they are general or specialty items. Eating out or grabbing a coffee at a cafe is also an option here, with plenty of clothing stores within walking distance too. Education-wise, parents and their children can access daycares and schools by strolling. Public and private elementary schools are available in the area. Here’s a list of 3 other things you’ll find in this neighbourhood:
- Grocery shopping opportunities
- A variety of restaurants and cafes
- Numerous clothing stores
Characteristics
If you’re looking for a tranquil spot to buy a house, South Cambie is the place for you. Traffic noise here is kept to a minimum, and there are plenty of nearby parks that are easily accessible. Plus, 1) these green spaces provide great spots for taking a leisurely stroll; 2) this part of Vancouver is generally very quiet; 3) you can find different types of recreational activities in the area; 4) it’s an excellent choice if you want to be close to downtown.
Average Home Prices
Average home prices make South Cambie real estate an attractive investment. High demand and low supply have driven up South Cambie house prices in recent years. Compared to Vancouver’s $3 million median price, South Cambie’s median single-family home price is $1,500,000 CAD. Condos and townhouses are also affordable alternatives to houses. These options give buyers access to the same vibrant neighbourhoods that draw so many potential homeowners to South Cambie.
In 2023, average home price is $4,266,500 CAD.
Vancouver condo prices are best in South Cambie. South Cambie’s median condo sale price is $700K CAD, compared to downtown or Yaletown’s over $1 million! South Cambie condos are an affordable way to enter the market. Townhouses are ideal for people who want something bigger than an apartment but don’t need all the features of a house.
As we look at average condo prices, it’s clear that South Cambie has something for everyone, from apartments to detached homes, while remaining affordable compared to Vancouver.
Average Condo Prices
South Cambie condos are among Canada’s most affordable. There’s something for everyone, from affordable studios to luxurious penthouse suites with city views. One-bedroom condos average $670K CAD, while two-bedrooms average $890K. Three- and four-bedroom condos average $1.14M to over $2M CAD.
In 2023, average condo price is $1,438,693 CAD.
The area also has condos between $600K and $700K CAD, depending on size and location. South Cambie has become popular with local buyers and immigrants seeking affordable Canadian real estate investment opportunities due to its proximity to downtown Vancouver and good transit. Demand remains high, lowering vacancy rates and increasing property values.
Average Townhouse Prices
Luxury townhouses in South Cambie sparkle like gems at sunset. South Cambie townhouse prices range from brand-new construction to lovingly restored historic homes. Townhouses in this area cost slightly more than condos but have many advantages that make them worth considering.
Average townhouse costs $1,865,675 CAD in 2023.
South Cambie two-bedroom units cost $1 million to $2 million, depending on style and age. Townhomes with three or more bedrooms start at $1.5 million and can reach $3 million if they are near shopping centres or parks. Vancouver’s most desirable neighbourhood has townhouses for every budget.
South Cambie offers potential homeowners a unique mix of classic charm and modern living options. This vibrant community has something special for everyone looking for their perfect property investment, whether you want a spacious single-family home or a condo.
Renting vs Buying Real Estate in South Cambie?
The people of South Cambie, Vancouver, BC are more likely to rent than own their homes – 51.5% rent and 48.5% own. The median monthly mortgage payment in the area is a hefty $7,700, while the median rental price is much lower at $5,400 per month. Here are three interesting facts about South Cambie:
- More residents rent than own their homes.
- The median monthly mortgage cost is $7,700.
- The median monthly rental rate is $5,400.
How many homes are for sale in South Cambie?
In South Cambie right now, there are 55 homes up for sale – 4 detached houses, 47 condos and 4 townhomes. The average home is on the market for 40 days before it sells at 99.7% of its listing price, making it a seller’s dream come true! It’s like having all your ducks in a row: with so many options available, you’re sure to find housing that fits your needs – from cozy condominiums to spacious single-family dwellings.
How fast are homes selling in South Cambie?
Looking at South Cambie’s real estate, you’ll find that 20% of the homes are sold in less than 10 days and a whopping 20% go above asking price – way higher than Vancouver’s average. Here’s what this crazy market looks like:
- 20% of houses sell within 10 days
- 20% of houses sell for more than their listing price
- The rest of houses stay on the market longer
- Prices overall remain higher than other cities such as Vancouver
Nearby Neighbourhoods
South Cambie is in downtown Vancouver, surrounded by desirable neighbourhoods. Family-friendly Oakridge and Marpole are close to downtown by car or transit. Mount Pleasant, Point Grey, Grandview-Woodland, and Kerrisdale are east of Fairview, Shaughnessy, Kitsilano, and downtown. These places have parks, shopping centres, restaurants, and more!
South Cambie offers all of Vancouver’s amenities with a touch of neighbourhood charm. Thus, many people choose this area to live. South Cambie’s Vancouver neighbourhood ranking? Find out…
Where Does South Cambie Rank Among Other Vancouver Neighbourhoods?
South Cambie tops Vancouver real estate rankings. It’s a lively area for city dwellers looking to escape. This neighbourhood has everything you need, from Queen Elizabeth Park and Oakridge Centre Mall to convenient public transit. South Cambie also has some of Vancouver’s lowest home prices, making it a good choice for first-time buyers or those seeking affordable, high-quality housing.
South Cambie’s high ranking among Vancouver neighbourhoods shows its appeal. South Cambie ranks 8th out of 25 Greater Vancouver areas surveyed by local real estate agencies, making it one of the best places to buy property. VanDusen Botanical Garden and Langara Golf Course enhance this property’s appeal and value. South Cambie is a great choice for Metro Vancouver property buyers!
Frequently Asked Questions
What Are The Best Schools In South Cambie?
South Cambie families researching schools have many options. School rating websites detail course selection, extracurricular activities, classroom size, teacher experience, technology, safety protocols, and more. Parental feedback also reveals school quality. This data helps families choose a school that meets their children’s needs and goals.
Discovering schools in South Cambie, Vancouver BC is easy:
- Sir Wilfrid Laurier Elementary School
- St. John’s International School
- Jules Quesnel Elementary School
- Magee Secondary School
- Eric Hamber Secondary School
These remarkable resources provide students with quality instruction and exceptional opportunities for learning. Whether you’re searching for a public or private school, South Cambie has plenty of options to choose from!
Is There Easy Access To Public Transportation In South Cambie?
Cities require efficient transportation. South Cambie has many transportation options. There are many ways to get around without worrying about being late, from public buses to commute routes and times.
Transportation access is crucial for South Cambie real estate investors. This area’s residents prefer public transit because it’s easy to use and quick. Local transit services give commuters more flexibility than ever before. Recent infrastructure improvements in South Cambie have made walking and biking more feasible, giving people more ways to get where they need to go quickly and easily.
South Cambie residents can commute by bike or bus. With so many ways to get around town, anyone can enjoy living here!
Are There Any Upcoming Developments In South Cambie?
“As the saying goes, ‘all good things come to those who wait’. For South Cambie real estate investors, there’s plenty of goodness coming their way in terms of upcoming development projects. With new developments popping up all over this neighbourhood, it’s no surprise that the housing market is booming and looking more attractive than ever before.
Condo investors will love South Cambie’s wide range of investment options, from luxury high-rise condos to family-friendly apartments and affordable rental properties.
South Cambie’s community amenities, transportation links, and local attractions like parks, restaurants, and shopping centres make it a great place to invest or find your dream home.
Buy And Sell With Us !
With its great schools, safe streets, easy public transportation, and upcoming developments, South Cambie is quickly becoming one of Vancouver’s most desirable neighbourhoods.
The average home price in South Cambie is over $1 million, making it an attractive option for investors seeking high-quality properties with high returns on investment.
South Cambie is a great place for families and individuals to find their dream homes, from safety to convenience. I’m sure this trend will continue as more people discover its benefits!
