Maggie Chandler
chandler realty ltd.
1648 w. 6th ave.,
vancouver, bc v6j 1r3
Cell: 604-328-0077
maggiechandler@telus.net

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Vancouver’s West End Renters Given Eviction Notice

Hollyburn Group who own about 20 West End rental buildings gave eviction notices to the tenants of the Glenmore building at the corner of Gilford & Barclay.

82% of all the suites in Vancouver’s West End are rental and because the buildings were built in the 1960s and 1970s the rents are lower and attract a lower to middle income tenant. The vacancy rate in the neighbourhood is now 0.2%, in line with the downtown peninsula and not expected to change in the near future.

The tenants of the Glenmore building have been given til the end of June to find alternate accommodation. Their eviction notice said the building will be undergoing mandatory renovations that will render the suites unliveable but they would be welcomed to move back in once the suites have been renovated, however, the rents will be increased $300-500 pr month.

The Barclay at 1550 Barclay was recently converted from a rental to a strata. A site in the 1700 block Pendrell has a redevelopment permit on it. 

It appears that Vancouver’s West End is ripe for picking and it has long been my opinion that the neighbourhood is undervalued. (read my recent post which was published in Ozzie Jurock’s monthly newsletter).

Many of the  3 and 4 storey walk-up rental buildings are in need of redeveloping as they are now over 50 years old and are not the best and highest use for the land. The type of accommodation has been rendered obsolete (no balconies, no parking, no elevator, no insuite laundry, etc.). Did you know you can search for West End listings on this site?

In the early 1990s the Vancouver City Hall placed a moratorium on the West End and sent the developers Downtown. Since Downtown is approaching built out status, no doubt the developers will refocus on the West End…a neighbourhood with 10,000 people living in it and very few condos compared to rental suites. 

In the ’80s the developers moved into the West End and built condos where there were rental buildings. There was a big hoohaa at the time as many elderly tenants were evicted and had to leave the neighbourhood they had lived in for a very long time. I remember doing a number of transactions with middle aged ladies who had always rented and when they realized the situation was changing they bought a suite in a 99 year leasehold building. Subscribe and receive other West End posts

The current situation remains a sad one for the tenants who are being evicted but apartment building owners surely have the right to maximize the return on their investment.

What next for the West End? What is your vision for the West End? How do you think it should be redeveloped? Hirsies, midrises, townhomes? Condos versus rentals. Should the old rental buildings be left as is or upgraded?

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You can find great local Vancouver, British Columbia real estate information on Localism.com. Maggie Chandler is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.

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