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MLS® Disclaimer for BC: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Building Info
Rolston - 1325 Rolston Street, Vancouver, BC V6B 0M2, 23 storeys, 187 units, strata plan EPS1755. Redeveloped as mixed use, restoring the Yale Hotel, Rolston is an imposing 23 storeys of concrete and glass at the corner of Granville and Drake Street in the evolving neighborhood of Midtown. The Rolston will be built to LEED Gold equivalency standards, and include two common rooftop decks: one will be mid way up to the 16th floor that will be called The Terrace at The Rolston, and contain an outdoor bar, tables and chairs; the second common area called the Gardens at The Rolston will be on the top of the building and contain dining facilities, yoga studio, community garden spaces and panoramic views. The Rolston is developed and designed by a professional team: Rize Alliance Properties, IBI/HB architecture, and Cause + Affect Interior Designer.
Showcasing West Coast modernism architectural style with a dynamic tiered exterior expression and cutting edge design, Rolston is a new landmark tower in Downtown Vancouver. Its studios, 1 bedroom, and 2 bedroom homes ranging from 461 to 890 sq. ft. feature quality laminated floors, granite countertops, sleek stainless steel appliances, custom-designed built-in wardrobes and closets, tile-surround soaker tubs, and much more. Expansive floor-to-ceiling windows bring in natural light and each suite comes with large patios/balconies for outdoor living.
Rolston is situated within the downtown core, at the edge of the business district, Yaletown and the West End, making everything easily reachable. Rolston is only blocks away from Canada Line SkyTrain Station, St. Paul's Hospital, False Creek, and David Lam Park, casual stroll to Robson Square and English Bay, and a short drive to Stanley Park, UBC and West Vancouver.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 30,944 in 2020, a 22.1 percent increase from the 25,351 sales recorded in 2019, and a 25.7 percent increase from the 24,619 homes sold in 2018.
November 2020 Market Insights
REBGV 23% increase on Listing in MLS from last year. For November 2020 over 4068 newly listed. Continuing demand for Detached Home and Townhouse with the benchmark price of $1,044,000
October 2020 Market Insights
October 2020 showing a robust Sales-to-Active Listing Ratio with a high mark of 30% means that Market conditions prices typically stable based on the given the baseline of 12-20%. Based on this given data the continued demand for Townhomes, Detached Homes
September 2020 Market Insights
September had a fantastic sales of 56% over the same period last year. Listings were 32% over last year
Real Estate Related News Articles(Sun and Province)Search News
Covid-19 pandemic cause increase demand for housing
“In the absence of a marked uptick in inventory, the current relationship between demand and supply supports continued double-digit average home price growth this year,” the real estate board’s chief market analyst, Jason Mercer, commented in the report.
The province has already introduced and extended a rent freeze during the COVID-19 pandemic, and it says in a news release Monday that new legislative changes will keep it in place through Dec. 31.
The pros and cons of purchasing the upgraded condo building compare to the newly build one
“Capacity is also a problem—most managers struggle to keep up with their day-to-day activities, so targeting reductions doesn’t happen much because they’re trying to keep their heads above water.”
Rolston will be built to LEED Gold equivalency standard?s
two common rooftop decks: one will be mid way up to the 16th floor that will be called The Terrace at The Rolston, and contain an outdoor bar, tables and chairs;
the second common area called the Gardens at The Rolston will be on the top of the building and contain dining facilities, yoga studio, community garden spaces and panoramic views.