East Vancouver is quickly becoming one of the most sought after areas to invest in real estate and there has been a recent uptick in the development of 1/2 duplexes in the market. 1/2 duplexes are typically more affordable to buy than a full duplex or single-family home and often times don’t have monthly strata fees like condo buildings do. They are also generally newer and smaller in size than a detached home, meaning they require less maintenance. This makes them a perfect option for young couples or city dwellers who don’t have the time or resources to care for a larger home.
1/2 duplexes also offer a sense of community. Because they are smaller, residents are more likely to know their neighbours and interact with them on a regular basis. This can be especially beneficial for young families who are looking for a sense of security and support. In contrast, 1/2 duplexes offer more privacy than a traditional condo, as they typically have two separate entrances and two separate yards. The best of both worlds; privacy with a sense of community!
East Vancouver 1/2 duplexes are also a great way to get into the housing market. The prices for these homes are still relatively low compared to detached homes, making them a more affordable option for those who are looking to invest in real estate. Many also have the option to have an income producing suite in the basement to help with mortgage payments.
There are many benefits of buying a 1/2 duplex home in East Vancouver, from more square footage than a traditional condo, increased privacy, less cost to maintain, stronger sense of community, and being able to acquire them at a lower price point than a single-family home.
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