Vancouver

Yaletown Area Information

By
REW.ca
July 12, 2012






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Yaletown, in the southeastern area of Downtown Vancouver, is widely known as the trendiest area in the city because of its designer boutiques and lively nightlife. However, it wasn't always this way.

In the late 19th century, City of Vancouver offered Canadian Pacific Railway(CPR) a 20-year exemption from taxes if it built its rail yards and repair facilities on the north shore of False Creek. CPR agreed, moving its equipment and employees from its former headquarters in the tiny town of Yale in southwestern British Columbia.

Yaletown remained industrial until the 1970s and '80s, when young urban professionals were attracted to the old warehouses in the area. Many of these were converted into trendy lofts and condominiums with exposed brick walls, which gave them an industrial look and feel.

Today, practically all of Yaletown's homes are apartments and condos. There are no single-family homes due to the neighbourhood's high-density nature.

The price of real estate in Yaletown is higher than many other areas of Vancouver. The average price of a townhouse in Yaletown is about $631,000 and for a Yaletown condo $448,973. View Yaletown MLS® listings and upcoming open houses

Yaletown Amenities

Yaletown Shopping

From fashion and furnishings to accessories for your furry friend, Yaletown's the place to go for 'fine finds'. For groceries, the neighbourhood also includes a Choices Market and Urban Fare gourmet supermarket.

Schools and Education in Yaletown

While there are no schools within Yaletown's boundaries (Homer Street to the west, Beatty Street to the east, Smithe Street to the north and Drake Street to the south), Elsie Roy Elementary School is located immediately adjacent to Yaletown and King George Secondary is found in nearby West End.

Yaletown Cafés and Restaurants

Yaletown's cobblestoned roadways, particularly Hamilton Street and Mainland Street, are among the busiest in the city when it comes to people looking for food and drink. From casual fare (Yaletown Brewing Company) to steaks and satay (Glowbal Grill), seafood and West Coast cuisine (Blue Water Café), Yaletown has it all.

Yaletown Sports and Recreation

Yaletown's recently renovated Roundhouse Community Arts & Recreation Centre offers a variety of classes and workshops, as well as a health and fitness program that includes aerobics, pilates, yoga and martial arts. A plethora of private fitness centres and yoga studios also pepper the area. There are two parks in Yaletown Helmcken Park and Marina Square Park and the neighbourhood's waterfront makes up a portion of Vancouver's famous seawall.

Yaletown Transportation

Yaletown is within walking distance of bus stop-lined Granville Street, Downtown Vancouver's primary public-transit route. Two community shuttles also provide local transit service in Yaletown, and the neighbourhood includes one SkyTrain Station Yaletown-Roundhouse Station on the Canada Line route.In addition, the False Creek Ferries and Aquabus provide water transportation from Yaletown to Science World, Granville Island and English Bay.

Yaletown Property Statistics

Home prices
Houses N/A*
Townhouses $631,000*
Apartments $448,973**
Rentals**
Average gross rent $992***

*Source: Real Estate Board of Greater Vancouver, average sale prices in Downtown for 12 months ended November 3, 2010 **Source: Real Estate Board of Greater Vancouver, benchmark sale prices in Downtown for February 2011 generated by the MLS®Link Housing Price Index (HPI) ***Source: City of Vancouver

Yaletown Demographics

Population* 11,608 *Source: Yaletown Neighbourhood Profile 2006 by BizMap Market Area Profiles

Age*
65+ 8.5%
40 to 64 33.9%
20 to 39 47.9%
19 and under 9.6%

*Source: City of Vancouver

Occupancy*
Fully owned 25,020

*Source: City of Vancouver

Dwellings*
Single-detached house 0.1%
Semi-detached house 0.0%
Detached duplex 0.3%
Row house 2.3%
Apartment, under five stories 7.9%
Apartment, five or more storeys 89.3%
Rented dwellings 57.7%

*Source: City of Vancouver

Neighbourhoods surrounding Yaletown

Why I Love This Neighbourhood
Yaletown is the heart of Vancouver's trend setting neighborhood reminiscent of New York's SoHo. In the early 20th century, Yaletown was Vancouver's warehouse district. This is evident today in the historic warehouses that line the streets along Hamilton and Mainland St which still hold there old world charm with exposed bricks and beams. Along Homer Street you will also find several sought after condominium buildings such as The Beasely, Dous, Bentley, 1180 Homer, Ellison, 1241 Homer, and H&H. Home to a variety of successful business including fashionable boutiques, pet outfitters, architectural firms, galleries, hair studios, and designer furniture stores. Yaletown is world renowned for its variety of gourmet restaurants. Along Hamilton Street, among many wonderful establishments, you will find the stylish residential buildings such as New Yorker, and Alda. Yaletown is a very desirable area for young professional Vancouverites to work, live and play. Self contained within a small radius of only a few city blocks it is a fabulous part of the Vancouver community. Submitted by Victoria Farrell, TRG Downtown Realty

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