Coal Harbour

Neighbourhood Profile

ABOUT THE NEIGHBOURHOOD

Coal Harbour is known for being affluent, quiet, and consisting primarily of newer residential towers, many of which would be categorized as high-end or luxury towers. Up until recently, Coal Harbour was where downtown’s luxury towers were located. While this is still the case – particularly along the waterfront, there are now stunning towers under construction or development in other parts of downtown.

What is the neighbourhood known and appreciated for?

Coal Harbour is known for being affluent, quiet, and consisting primarily of newer residential towers, many of which would be categorized as high-end or luxury towers. Up until recently, Coal Harbour was where downtown’s luxury towers were located. While this is still the case - particularly along the waterfront, there are now stunning towers under construction or development in other parts of downtown.

What is the main type(s) of real estate?

Coal Harbour consists virtually only of newer concrete residential towers. The oldest few towers were mid-90’s. The rest are all post 2000’s. Along the waterfront is where we see the most sought-after of the towers - developed primarily by ASPAC: Waterfront Place in the early 2000’s and Harbour Green Place completing in 2012. Westbank is also notable in this regard with the Fairmont Pacific Rim and Shaw tower buildings. Coal Harbour is generally the most sought-after neighbourhood for wealthy downsizers and wealthy investors purchasing a Vancouver pied-a-terre. So, this is one common demographic in the neighbourhood.

Comparatively to other areas, Coal Harbour has far fewer one-bedrooms suites than other areas. Far more typically, most condo suites in Coal Harbour tend to be large 2-bedroom suites.

What is the neighbourhood vibe?

Could be summarized as a ‘quiet, modern tower neighbourhood’. There is not many restaurants, bars, or shopping so very little foot traffic aside from along with Seawall.

What is the main downside?

Some buyers don’t love that it can feel a little sterile or low-energy. While not offering much in the way of restaurants, night-life, or shopping, these amenities aren’t located far away. Great restaurants become more numerous just a few blocks away. Robson shopping is also just a few blocks away. And, while some buyers or residents don’t appreciate the lack of ‘hustle-and-bustle’, many buyers or residents appreciate Coal Harbour for this reason.

What is the short and longer-term future of the area?

Coal Harbour is almost fully developed. Currently, there is some triple-A office tower development underway, as well as the noteworthy residential Terrace House under construction. In 2017, Concord Pacific purchased the Westin Bayshore site in Coal Harbour for $290 million, surely with the intention to redevelop the large site at some point in the future.

What are prices like?

Prices in Coal Harbour tend to the highest downtown. This would be as a result of the buildings being more high-end on average than other areas. It would also be due to Coal Harbour buyers, on average, being the most affluent condo buyers.

Coal Harbour Buildings