501 428 W 8TH Avenue in Vancouver: Mount Pleasant VW Condo for sale in "XL LOFTS" (Vancouver West) : MLS®# R2214757

501 428 W 8TH Avenue Vancouver V5Y 1N9 : Mount Pleasant VW

SOLD OVER THE ASKING PRICE!
Main Photo: 501 428 W 8TH Avenue in Vancouver: Mount Pleasant VW Condo for sale in "XL LOFTS" (Vancouver West)  : MLS®# R2214757banner
$749,000
Prop. Type:
Residential Attached
MLS® Num:
R2214757
Status:
Sold
Bedrooms:
1
Bathrooms:
2
Year Built:
1999
XL Lofts "Award winning" design, this concrete building is a beauty, corner unit comes with 16ft ceilings, huge South facing windows and a large balcony. This renovated 2 level 785sq.ft loft is a gem in the heart of the city, steps from 8th and Cambie. Main floor comes with Living/dining an updated kitchen and 2 pce bathroom. Take a ride up your steel spiral (white) staircase to your oversized Master bedroom, comes w/large walk in closet and a beautiful designed ensuite bathroom. Features include concrete floors(main), quality laminate flrs(upper), quartz counters, black roller blinds, lrg sink, gas range, ss fridge, 1 parking. Building has new roof, walkway membranes and comes with a great workshop. Pets & rentals allowed. Open House Sunday Oct 29th 2-4pm.
Price:
$749,000
Dwelling Type:
Apartment/Condo
Property Type:
Residential Attached
Home Style:
2 Storey, Loft/Warehouse Conv.
Bedrooms:
1
Bathrooms:
2.0
Year Built:
1999
Floor Area:
Switch units of measure785 sq. ft.
Lot Size:
Switch units of measure0 sq. ft.
MLS® Num:
R2214757
Status:
Sold
Floor
Type
Dimensions
Other
Main
Living Room
Switch units of measure14'10" x 10'7"
-
Main
Dining Room
Switch units of measure11'1" x 7'5"
-
Main
Kitchen
Switch units of measure9'10" x 9'5"
-
Main
Foyer
Switch units of measure6'10" x 4'5"
-
Main
Patio
Switch units of measure14'2" x 5'
-
Above
Master Bedroom
Switch units of measure14'3" x 12'9"
-
Above
Walk-In Closet
Switch units of measure9' x 7'7"
-
Floor
Ensuite
Pieces
Other
Main
No
2
Above
Yes
4
Listing information last updated on November 1, 2017 at 08:20 PM (UTC)


Coach House

Otherwise known as rearyard infill, coach houses are an older version of laneway houses that have been around for many years. Although they can look similar from the outside, they are administered by a different set of bylaws.

Vancouver homeowners and developers build them behind the main houses with entrances at the rear lane. Coach houses are a great way to add value to your property without purchasing a new piece of land.

 

What is a Coach House?

A coach house is a detached structure in the rear of a main house. These ancillary buildings have their own entrances and are complete houses on their own, similar to a duplex. They can be strata-titled and are saleable separate from the main property, making them more valuable than a simple laneway house. Because they are “ground-oriented” with their own entrances, their usage is flexible: they can be rented out to relatives or tenants or can be sold off as part of the strata complex.     

 

Why build a Coach House / Rearyard Infill Home?

Although coach houses add value to a property and can be rented out, the most common reason for building a detached house in the rear is to re-sell it. Other benefits include:

 

  • No sharing walls: Unlike townhouses, coach houses are detached, so there are no shared walls with other buildings and residents.
  • A real home: They feel like full homes, rather than apartments or townhouses.
  • Bright and fresh: Because there are no shared walls, the interior often has more natural light and windows that open to the fresh air.
  • Sell when you’re ready: Strata-titling allows owners the flexibility to sell the coach house on their own schedule, renting it out until the market is good or their home situation is right.
  • Max out square footage: For those with older main houses, your property may be eligible for the Heritage Revitalization Agreement. This allows you to max out the buildable square footage limits set by the city.
  • What’s your zone? Many two-family lots (RT zoned) in Vancouver are eligible for infill houses. This colour zoning map will determine which zone your property is in.   

 

Below is a sample lot floor plan for a coach house.

 

What are the Requirements Needed to Build a Coach House?

There are such a variety of ways that coach houses can be configured. Most are built on larger lots (50 x 122), but it’s still possible to have a small infill on a 33 x 122 lot. Here are the basic features:

  • 16 foot yard
  • A maximum height restriction of 2.5 storeys / 35 feet
  • Parking at grade is accessible from the lane or the courtyard

 

How Big are Coach Houses?

The unit size and maximumFSR(Floor Space Ratio) varies depending on the size of the site and the zoning. For example:

  • On an RT-6 lot of 50 x 122 with an existing house built on it, you could tear down the original home and replace it with 3 units, while also building a coach house in the rear with parking. TheFSRwould be .75 for a total of 4,950 square feet.
  • On an RT-10 lot of 33 x 122 with an existing older building and an empty 33 x 122 lot beside it, the original house could be restored and 2 separate duplexes built on the combined lots. TheFSRis now .8, allowing for more square footage.

 

There are many other scenarios that can be used with coach houses. If you have questions about your specific property, you can email or call me directly. I look forward to speaking with you about your project.