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Point Grey is a bastion of detached properties, making townhomes a rare commodity in the neighbourhood. This doesn’t mean they don’t exist – but they account for just 2% of the entire housing stock. While the renovation of some properties has led to an increase in attached properties, Point Grey townhomes remain highly unusual. On the plus side, the housing form is a more affordable alternative to detached homes, making it a key alternative for those looking to downsize but stay in the neighbourhood. Point Grey townhouses for sale have typically achieved a median price about 25% above local apartments.
The lower density of the townhome form fits a neighbourhood dominated by detached properties, and room to breathe is part of the appeal. With some of the finest Vancouver golf courses nearby as well as schools, Point Grey townhomes are good candidates for both young families and seniors. Proximity to UBC and transit connections across the city also make the area a convenient location for people whether studying or working in the city. With the city examining how to gently increase density and improve affordability, townhomes should be a perfect fit for Point Grey. In the meantime, however, buyers will have to work with the existing housing stock, and leap as opportunities present themselves.
