1/2 Duplex Real Estate Statistics
| Average Price | $1.9M |
|---|---|
| Lowest Price | $859K |
| Highest Price | $5.6M |
| Total Listings | 412 |
| Avg. Price/SQFT | $1.2K |
Property Types (active listings)
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1/2 Duplex MLS® Listings in Vancouver | Homes for Sale
- All Listings
- $800,000 - $900,000
- Over $1,000,000
Pros of Half-Duplex Properties
Affordability
One of the primary advantages of half-duplex properties in Vancouver, also called duplex in Vancouver, is their affordability. In a city known for its expensive real estate market, half-duplexes offer a more budget-friendly option for homebuyers. You can often find these properties at a lower price point compared to detached homes, making homeownership more accessible.
Spacious Living
Despite being attached to another unit, half-duplexes typically provide spacious living arrangements. They offer more square footage than condos or townhouses, giving you room to spread out and enjoy a comfortable lifestyle. Many half-duplexes come with private yards, further enhancing your living space.
Location of Vancouver Duplex
Half-duplex properties are scattered across diverse neighborhoods in Vancouver, offering residents the opportunity to live in areas with excellent amenities, schools, and parks. You can often find these properties in both urban and suburban settings, allowing you to choose a location that suits your lifestyle preferences.
Investment Potential
For real estate investors, half-duplex or duplex real estate properties can be a wise choice. They tend to generate rental income, and their relative affordability can lead to attractive returns on investment. Vancouver's strong rental market makes these properties appealing to investors looking for stable cash flow.
Cons of Half-Duplex Properties
Shared Walls
One of the drawbacks of half-duplex living is the shared walls with your neighbor. While this can help with energy efficiency, it may also lead to noise transmission between units. Consider your tolerance for potential noise disturbances when choosing a half-duplex.
Limited Yard Space
Although half-duplexes often come with private yards, the outdoor space is usually smaller compared to detached homes. If you have a green thumb or a large family that enjoys outdoor activities, you may find the yard space limitations to be a downside.
Resale Value
While half-duplex properties offer affordability, their resale value may not appreciate as quickly as detached homes. This can affect long-term investment potential. If you're looking for a property with significant appreciation potential, you may need to consider other options.
Strata Rules
Some half-duplex properties may be subject to strata rules and regulations, similar to condominiums. This can limit your freedom when it comes to exterior renovations and landscaping. It's essential to review the strata bylaws before purchasing to ensure they align with your preferences.
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