Reported by Audrey McKinnon
The new MC2 condos on Cambie Street and Marine Drive are about 80 per cent sold after fewer than two weeks on the market, but buyers should know that their industrial neighbours can let off an unpleasant smell at times in the summer.
Buyers have no choice but to notice the noise at the intersection from heavy trucks passing through. But it’s almost winter and buyers who don’t know the neighbourhood well, might not know that the Vancouver South Transfer Station for the Landfill, not far from the condos, smells bad in the warmer months.
“When I’m travelling on the other street or walking on the other street near the railroad tracks, it smells too,” said Billy Hu, owner of Lawnboy Landscape Supply on Cambie Street just south of Marine Drive.
Hu sells mushroom manure, popular in the spring, which can smell for about half-a-block when moved around. “But I know it’s not from my shop,” he said.
He said the smell in the neighbourhood is noticeable, but he doesn’t know where it comes from.
The Cambie Corridor plan to develop along transit
“That’s definitely a changing neighbourhood and I think it’s going to change a lot more,” said Rennie Marketing Systems spokesperson Lesli Boldt.
“The city would like to see development all along that corridor,” she said.
“For a buyer, this is a bit ground floor. . . it’s still in it’s early stages. Because, you’re right, that was a more industrial area in the past and it’s changing.”
Rezoning for MC2 was approved in 2010, but no other rezoning plans are being processed in the area currently so it looks as if the medium and heavy industrial zones right next door will stay the same for the time being.
The Vancouver South Transfer Station is located in that industrial zone on West Kent Avenue North and includes a green waste disposal for yard trimmings.
Transit and low-price trumps all at this stage
Boldt said out of 443 suites available for sale, about 340 have already sold.
“The reason that we believe MC2 is doing so well is because location, location, location and transit, transit, transit,” said Boldt.
According to Boldt, price helps too. “If you have a price point that’s within their range, they’ll buy… if you build within close proximity to transit, the real estate will sell.”
One bedroom apartments start at 442 square feet and $255,900. That could mean only paying monthly payments of $1,033 on the mortgage.
Rennie Marketing systems did a survey of buyers to get an idea of who is taking up these condos. “Almost 30 per cent of the buyers were first time buyers who got help from their parents or grandparents on the down payment,” said Boldt.
Rennie Marketing Systems addresses the cons
Boldt said noise pollution from heavy truck traffic on the corner won’t impact buyers significantly.
“It kind of depends on where you’ve purchased your home. The street level at MC2 is going to be retail,” she said. “It’s an urban buyer who’s choosing to live here.”
Boldt isn’t ignorant about the odd summer smell.
“I had heard about this on the radio and I think it has to do with maybe a landfill or something,” she said.
“I think with any buyer you have to do your homework of the neighbourhood you’re moving into and there are always going to be advantages too.”
Boldt said because buyers don’t have to move to the suburbs to get into the market, this area is still prime real estate.
In this video we reintroduce the premise of the article and John Tsui, Rennie Marketing Systems agent, takes us on the walking tour of the Mc2 two-bedroom and one-bedroom suites.
Video by Jake Hewer and Audrey McKinnon
Reported by Audrey McKinnon