Vancouver

Coal Harbour, Vancouver

Besides a handful of floating homes and some older low-rise rental apartment buildings, residential real estate in Coal Harbour consists of glittering high-rise condo towers

By
REW.ca
March 5, 2016






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Coal Harbour, part of Vancouver’s downtown peninsula, was developed as an upscale condominium district in the 1990s. It is named, unsurprisingly, for the coal discovered in the harbour in 1862.

The MLS-defined boundaries of Coal Harbour are Alberni and Burrard Streets, with Burrard Inlet and the Stanley Park shoreline to the north. As its name suggests, Coal Harbour features a long stretch of waterfront. Inland, the neighbourhood is dominated by skyscrapers and high-end hotels.

Besides a handful of floating homes and some older low-rise rental apartment buildings, residential real estate in Coal Harbour consists of glittering high-rise condominium towers, including the Shaw Tower, the Ritz, the Bayshore and the Cielo. Many of these newer high-rises also include luxurious townhomes.

Residents of these high-end Coal Harbour homes are mainly young, working professionals: less than 10 per cent of the neighbourhood’s residents are over 65. They flock to the area for its effortless commute to downtown offices – not to mention the breathtaking views and opportunities for outdoor recreation just steps away.

All that appeal means real estate in Coal Harbour is not inexpensive: one-bedroom condos start at more than $400,000, with larger high-end units selling for more than $10 million. View Coal Harbour Condos for Sale and upcoming open houses.

Coal Harbour Amenities

Shopping

Royal Centre offers a range of shops and services, and there are plenty of retail storefronts located throughout the neighbourhood. Alberni Street is home to several luxury shops, including Tiffany’s. For grocery shopping, there’s an Urban Fare gourmet supermarket.

Schools and Education 

As there are no schools within the boundaries of Coal Harbour, neighbourhood children attend school in the nearby West End at Lord Roberts Elementary or King George Secondary.

Cafés and Restaurants

Coal Harbour offers everything from fast food to high-end dining, including at the Shangri-La, Fairmont Pacific Rim, Loden and Westin Bayshore Hotels. Cardero’s, perched on the water, has been a neighbourhood favourite for more than 15 years.

Arts and Entertainment

Coal Harbour boasts several well-Instagrammed public art works, including “The Drop” and Douglas Coupland’s “Digital Orca,” both at the Vancouver Convention Centre. The Lobby Lounge and Raw Bar at the Fairmont Pacific Rim offers live music every evening, and the PAL Theatre at the Performing Arts Lodge presents various performing arts shows and events.

Sports and Recreation

Coal Harbour marks the beginning of the Seawall, a 22 km path that winds around Stanley Park and runs all the way to Kits Beach. Popular with walkers, joggers and cyclists, the Seawall also gives Coal Harbour residents easy access to several smaller parks. Nearly every new condo tower in the area includes its own fitness/weight room for residents, of course, but those who wish to exercise away from home can do so at the Coal Harbour Community Centre.

Transportation

Coal Harbour is steps away from Vancouver’s Downtown core, where all modes of public transit converge, and the Burrard Station SkyTrain station is located at Burrard and Dunsmuir. Coal Harbour’s various marinas and floatplane and helicopter terminals offer convenient access to Whistler, Vancouver Island, the Gulf Islands and the Sunshine Coast.

Coal Harbour Property Statistics

Rental information2

Average rent for a private apartment

$1,336

Private apartment vacancy rate

0.5%

Makeup of dwellings3

Total private dwellings

6,515

Single detached houses

0

Row houses

2.4%

Apartments, less than five storeys

3.8%

Apartments, five or more stories

93.6%

Other dwellings (includes movable dwellings such as floating homes)

0.2%

Coal Harbour Demographics3

Population 12,318

Age

65+

9.5%

15 to 64

82.8%

14 and under

7.8%

Neighbourhoods Surrounding Coal Harbour

1REW.ca interactive map, incorporating data from the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board, and Real Estate Board of Greater Vancouver, March 2016.

2CMHC Rental Market Report, Vancouver and Abbotsford-Mission CMAs, Fall 2015. The information includes the West End and parts of downtown.

3Statistics Canada. 2012. GeoSearch. 2011 Census. Statistics Canada Catalogue no. 92-142-XWE. Ottawa, Ontario. Data updated October 24, 2012. The information is based on Census Tracts 9330067.02 and 9330066.00, which generally align with Coal Harbour.


Christina Newberry is a Vancouver-based writer and editor who writes lifestyle and travel stories for publications both online and in print. When she's not travelling, Christina can be found exploring Vancouver's unique neighbourhoods or puttering in her community garden plot.
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