Overview Of Horseshoe Bay
Horseshoe Bay, nestled in the heart of West Vancouver, boasts a rich history and an unparalleled lifestyle.
This picturesque community offers luxurious waterfront properties with stunning views of the surrounding mountains and ocean. Residents enjoy a wealth of local attractions such as golf courses, marinas, and parks that cater to an active outdoor lifestyle.
With exceptional community amenities including shopping centers, restaurants, and schools within easy reach, Horseshoe Bay truly provides all the comforts of modern living while maintaining its historic charm. The area also benefits from excellent transportation options such as ferries to nearby islands and convenient access to downtown Vancouver via Highway 99 or public transit, making it an ideal location for those seeking tranquility without sacrificing convenience.
Commute
Horseshoe Bay is not a very transit friendly neighbourhood, but there are a few bus lines that link it and the bus stops are relatively close to most homes. It’s also not particularly bicycling-friendly due to lack of well-developed cycling network and many hills. Travelling on foot is also inconvenient for house buyers as running errands is difficult. This area however is car friendly; parking is easy and most real estate listings are a short drive away from Trans-Canada Highway.
Amenities
Residents of this area of West Vancouver can be assured that there are primary schools located nearby, making it convenient for parents and their children. Unfortunately, high schools are not present in this part of the municipality. When it comes to food options, those who live here will find a supermarket within walking distance, as well as some restaurants and cafes but with limited selections.
Characteristics
The majority of the housing stock in this area is composed of single detached homes and townhouses. Most properties in this neighbourhood have been built since the year 2000, during its most significant construction boom. This part of West Vancouver also has a good selection of unit sizes; properties range from lofts to four or more bedrooms. Roughly 80% of the population of this neighbourhood own their home whereas renters make up the remainder.
Average Home Prices
Like a hidden gem sparkling amidst the vast landscape of West Vancouver, Horseshoe Bay’s real estate market offers an array of average home prices that cater to various budgets and preferences.
Home affordability in this area is relatively diverse, with luxury properties showcasing breathtaking ocean views for those who seek upscale living arrangements, while more modestly priced residences provide excellent investment opportunities for first-time buyers or investors alike.
In 2023, average home price is $2,358,333, and the price range of homes is from $1,688,000 CAD to $2,849,000 CAD.
Market trends have shown a steady growth in demand for homes in Horseshoe Bay WV, leading to competitive pricing and increased property values over time.
Property taxes in West Vancouver are generally considered reasonable when compared to other areas within the province, making it easier for potential homeowners to envision themselves settling down in this picturesque community by the sea.
With such enticing offerings at hand, one cannot help but be captivated by the alluring charm that Horseshoe Bay real estate has to offer.
Average Townhouse Costs
Nestled in the picturesque community of Horseshoe Bay, West Vancouver, townhouse living offers an array of amenities and conveniences perfect for families, retirees, or busy professionals.
With a diverse selection of financing options available to suit different budgets, prospective buyers can find themselves immersed in this tight-knit neighbourhood known for its strong sense of community involvement.
Average townhouse cost in 2023 is $1,948,950 CAD.
The average cost of townhouses in Horseshoe Bay varies depending on factors such as size, location, and age; however, these properties remain highly sought-after due to their exceptional rental potential and relatively low property taxes compared to detached homes.
Don’t miss the opportunity to join this vibrant waterfront village while enjoying all the benefits that come with owning a beautiful Horseshoe Bay townhome.
Average Condo Costs
After establishing Horseshoe Bay WV’s standing among other West Vancouver neighbourhoods, let us now delve into the financial aspects of owning a condo in this beautiful locale.
The average cost of a condominium in Horseshoe Bay WV varies depending on factors such as size, location, and available condo amenities; however, one can expect to find reasonably priced options alongside more luxurious residences.
Average condo costs $1,831,486 CAD in 2023.
Financing options are also abundant for potential buyers looking to invest in this scenic area, with local banks and mortgage brokers ready to assist them in finding the best loan terms tailored to their needs.
In addition to purchase costs, it is essential for prospective owners to account for maintenance fees when evaluating investment potential. These expenses typically cover upkeep of common areas, building insurance, and occasionally utilities.
On the upside, rental opportunities abound within Horseshoe Bay WV thanks to its desirable location close to parks, beaches, shopping centres and restaurants.
With strong demand from both long-term tenants and short-term vacation rentals alike, purchasing a property here may prove fruitful as an income-generating asset or even part-time residence that doubles as a revenue source during idle periods.
Renting vs buying real estate in Horseshoe Bay WV?
In Horseshoe Bay WV, West Vancouver, BC 78.9% own their homes compared to 21.2% who rent. The median monthly mortgage payment is $12,000 while the median monthly rental price is $8,000.
How many properties are for sale in Horseshoe Bay WV?
The average home listed in Horseshoe Bay WV stays on the market for 22 days and has a 95% selling to listing price ratio. Currently, there are 31 homes for sale in the area, including 4 detached houses, 23 condos, and 4 townhomes.
How fast are homes selling in Horseshoe Bay WV?
In West Vancouver, the average for homes selling above asking price and those that sell in under 10 days on the market is 0%, which is consistent with current real estate trends in Horseshoe Bay WV.
Nearby Neighbourhoods
Aside from Horseshoe Bay’s stunning real estate offerings, there are several nearby neighbourhoods that also provide an exceptional living experience. These areas boast a plethora of waterfront attractions, diverse dining options, and beautiful local parks to explore.
Some highly sought-after neighbouring communities include:
- Ambleside: Known for its picturesque beaches and family-friendly environment, Ambleside offers excellent school options and regular community events.
- Dundarave: Renowned for its charming village atmosphere, Dundarave provides residents with unique shopping experiences and quaint seaside eateries.
- Caulfeild: Distinguished by its quiet residential streets and lush greenery, Caulfeild is home to top-rated schools in West Vancouver.
As you become acquainted with these vibrant communities surrounding Horseshoe Bay WV real estate, it becomes evident just how much this area has to offer in terms of lifestyle amenities and natural beauty.
Where Does Horseshoe Bay Wv Rank Among Other West Vancouver Neighbourhoods?
Horseshoe Bay WV is a highly desirable neighbourhood in West Vancouver, boasting an impressive rank of 4th out of the total 24 communities.
The community amenities available to residents are exceptional, with numerous waterfront properties offering breathtaking views and access to the ocean.
Families have excellent school options nearby, ensuring their children receive top-quality education while living in this idyllic coastal village.
Recreational activities abound in Horseshoe Bay WV, from boating and kayaking on the pristine waters to hiking trails through lush forests.
It’s no surprise that real estate investors recognize the investment potential inherent in owning property here – not only for its unparalleled lifestyle but also for steady appreciation over time.
Frequently Asked Questions
What Is The Rental Market Like In Horseshoe Bay Wv, And Is It A Good Option For Investors?
Did you know that the average rental vacancy rate in Horseshoe Bay WV is around 1.2%?
This low percentage indicates a high demand for rental properties, making it an attractive market for investors.
Rental regulations in West Vancouver are continuously evolving to ensure a fair balance between landlords and tenants, which can offer stability for investment returns.
When examining tenant demographics, you’ll find that many residents of Horseshoe Bay WV have above-average incomes due to its prime location near both downtown Vancouver and outdoor recreational opportunities.
To maximize your success as an investor, consider utilizing property management tips such as conducting regular maintenance checks and fostering positive relationships with your renters.
By doing so, not only will you keep your property in top-notch condition but also attract reliable long-term tenants who appreciate the value of living in this picturesque community.
Ultimately, investing in Horseshoe Bay WV real estate offers promising potential for long term growth in both property values and rental income streams within the thriving West Vancouver market.
How Accessible Is Public Transportation In Horseshoe Bay Wv, And What Are The Primary Methods Of Commuting For Residents?
Horseshoe Bay WV is a well-oiled machine when it comes to public transportation, offering residents an abundance of convenient commuting alternatives.
Public transit options are plenty in the area, with bus services connecting Horseshoe Bay to downtown Vancouver and other West Vancouver neighborhoods.
Bus routes in Horseshoe Bay:
- 250 Horseshoe Bay – Downtown
- 257 Lions Bay/Horseshoe Bay – Vancouver
- 259 Horseshoe Bay – Lonsdale Quay
- C12 Horseshoe Bay – Dundarave
- C13 Horseshoe Bay – Park Royal
- C14 Horseshoe Bay – Ambleside & Dundarave
For those who prefer car sharing services, companies like Evo and Car2Go make navigating the streets a breeze while reducing their carbon footprint.
Cyclists can take advantage of the robust bicycle infrastructure that crisscrosses the community, making pedaling to work or leisure destinations both safe and enjoyable.
And let’s not forget about ferry connectivity; living in Horseshoe Bay means having easy access to BC Ferries terminals for trips to Bowen Island, Sunshine Coast, and Vancouver Island – turning weekend getaways into a cinch!
In essence, residents have no shortage of ways to get around town while embracing sustainable modes of travel.
What Are The Top Amenities And Recreational Activities Available For Residents In Horseshoe Bay Wv, And Are There Any Notable Community Events Or Attractions?
In Horseshoe Bay WV, residents enjoy an array of top-notch amenities and recreational activities that make this community a true gem.
Waterfront properties offer stunning views and easy access to water-based adventures, while local dining options provide delicious cuisine for all tastes.
Popular parks in Horseshoe Bay:
- Horseshoe Bay Park
- Lions Park
- Sunset Point Park
- Sandy Cove Park
- Bruce County Museum & Cultural Centre
- Silver Creek Trail
- The Great Spirit Garden
- Lora Bay Conservation Area
- Blueberry Hill Lookout
- MacGregor Point Provincial Park
Families appreciate the variety of school options available and healthcare facilities ensure everyone’s well-being is taken care of.
Shopping destinations cater to diverse preferences, from boutique shops to large retail centers.
Boutique shops in Horseshoe Bay:
- South Shore Emporium
- Coastal Charm Boutique
- Pier 5 Boutique
- Horseshoe Bay Trading Post
- Beachside Fashions
- The Pink Flamingo Boutique
- Southern Breeze Boutique
- The Seagull Boutique
- The Village Closet
- On the Boardwalk Boutique
And with numerous community events held throughout the year, there’s always something exciting happening in Horseshoe Bay WV!
Buy And Sell With Us!
In conclusion, Horseshoe Bay WV offers an unparalleled lifestyle for residents and a promising investment opportunity in the rental market.
With stunning architectural designs, new development projects, and excellent accessibility to public transportation, this West Vancouver gem is truly a dream destination.
Not only does Horseshoe Bay boast top-notch amenities and recreational activities for its lucky residents, but it also plays host to thrilling community events that bring neighbors together.
There’s no doubt that living here feels like you’ve struck real estate gold in West Vancouver!
