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Paris Annex MLS® Listings
404 53 W HASTINGS .. 1 Bed, 1 Bath,735 Sqft. $610,000Engel & Volkers Vancouver
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
Paris Annex - 47 West Hastings Street, Vancouver, BC V6B 1G4, 6 levels, 17 units, built 2011, Crossing roads: West Hastings Street and Abbott Street. The Paris Annex by Salient Group is an all-new construction of 17 modern concrete residences that grew out of the Paris Block in Vancouvers most authentic neighborhood of Gastown. Sits atop 1,500 square foot of retail space on the ground level, Paris Annex is attached to the restored original heritage Paris Block building and shares the corridors, stairs, elevators, and fantastic rooftop decks.
Designed by award winning Gair Williamson Architects, the distinctive architecture impresses with its minimal concrete frame, delicate glass and aluminum facade combining the retained architectural elegance of 1907. Inside, these one and two bedroom condos range from 659 to 1,438 sq. ft. and feature ceiling heights of 9' to 13', double sliding patio doors, polished concrete floors, floor to ceiling windows, integrated appliances, gloss or veneer Italian cabinetry, glass bathroom light wall, glass and slate bathroom tiling. Private balconies and decks invite outdoor entertaining, and two-level penthouse lofts have a 500 sq. ft. rooftop deck and direct access to cityscape views. Building amenities offer a common roof deck with a built in gas BBQ, long communal outdoor dinning table, two in building co-op cars for all to share, secured underground parking, storage lockers, and bike room.
Paris Annex sits in the heart of Vancouvers historic commercial district in Downtown Eastside Crosstown/Gastown neighborhood. Nester's grocery, London Drugs, TD Bank around the corner, Acme cafe and restaurants downstairs, the new Save-on Meats next door, and Abbott Street corridor, new Woodwards building, SFU campus,Tinseltown and Water Street steps away. Also, you are within walking distance to Waterfront Station to catch the Seabus to the North Shore, West Coast Express out east and the SkyTrain to everywhere in the Lower Mainland.
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
Q1 net income increase compare to previous quarter
The bank’s capital position remained “robust”, with a CET1 ratio of 12.5% “supporting strong volume growth and $1.5 billion in common share dividends paid.” RBC also boasted of a strong average Liquidity Coverage Ratio (LCR) of 141%.
According to CREA, as the spring market approaches, the current pace of home sales growth might be inhibited by an evident lack of supply, particularly in Ontario markets, to meet growing home buyer demand.
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