Olive

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3228 Tupper Street, Vancouver, BC

Olive
Olive-Condos-Vancouver-West-Side-Cambie.JPG

Olive on Cambie Street
Building Information
Developer Cressey
Architect Rositch Hemphill and Associates
Management Company Crosby Property Management
Number of Units 117
Number of Floors 6
Year Built 2006
Construction Method Concrete
Type of Roof IRMA
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3228 Tupper Street, Vancouver, BC
Distance to Public Transit Less than one block
Region Vancouver
Municipality Vancouver
Zoning CD-1
Title of Land Condominium


Contents

Background

The entrance to Olive

Vancouver is as infamous for its high real estate prices as it is famous for its beautiful scenery. Vancouver has some of the highest costs of home ownership in all of Canada. This is a worthwhile investment for those that desire the west coast lifestyle.

One of the great things about Vancouver is that it is a big city offering a number of different communities to live in. It also has the highest population density in all of Canada meaning that it doesn't suffer from urban sprawl like other cities. Actually, the big city of Vancouver isn't all that big.

Savvy home buyers can still find affordable condominiums in Vancouver if they are willing to look outside the highly touted desirable neighbourhoods like Yaletown, Coal Harbour, or Kitsilano. The Olive is prime example of how home buyers can obtain a new condominium close to downtown Vancouver at much more affordable rate.

With prices starting in the mid $300,000's, the Olive provides much better value than other developments just 10 minutes away. Another benefit from living in lesser known neighborhood is that it is generally quieter and does not see the traffic that more notable communities do.

To truly experience Vancouver's rich and diverse culture, one has to look past the downtown centre into the surrounding communities where there are a number of fine eateries, all generally inexpensive.

These communities are also served by an assortment of both small stores and large retail outlets. The community along Cambie Street is one such example. Now serviced by its own subway line, it is definitely a developing community with a lot of potential. The Olive is in the heart of this up and coming community and for the time being, provides a means to enjoy the west coast lifestyle without its inflated price of some areas. [1]


Location

Olive is located on 16th Avenue and Cambie Street. This is an often overlooked community that is within a 10 minute commute from downtown. Cambie Street is a major north-south artery in Vancouver and provides plenty of public transit to service the area. The crown jewel of this is the Canada Line subway.

Opened in 2010 to provide a rapid transit link from downtown to both Richmond and the YVR Airport, this subway line also serves the entire length of Cambie Street. For cyclists, the Yukon Street Bike-way is just a block away and provides an alternative means of transportation. Cambie Street itself is an underutilized four lane street that provides quick access to either downtown or to Richmond and the Tsawwassen ferry terminal via the Oak Street Bridge.

The community along Cambie Street is rich in culture and diversity and is home to many small eateries that reflect the numerous cultures that inhabit the area. Most of these restaurants are quite inexpensive and are very good. Cambie Street is a fully serviced community comparable to any other in Vancouver with a host of amenities. There are also a number of parks nearby as well. [2]

Construction

Olive has solariums overlooking the intersection of 16 Avenue and Cambie Street

Olive is a mixed use development with the ground floor being reserved for retail space and the rest of the floors reserved for residential use. It is a concrete structure that was completed in 2006. This means that the units are newly built and have all the features found in a modern development.

The development features floor to ceiling windows as well as rounded solariums for units at the corner of Cambie and 16th Avenue.

Its most notable feature is its red brick facade, which serves as a tribute to the older industrial buildings that used to inhabit the area.

A number of units have balconies and a private landscaped courtyard enables all residents to enjoy Vancouver's mild climate. [3]

Layout and Features

Features at Olive include:

  • Hardwood floors
  • Granite counter tops
  • Stainless steel appliances
  • Track lighting

[4]

Floor Plans

Unfortunately there are no floor plans available online, there is a video tour through the link provided. [5].

Amenities

Amenities at Olive include:

  • Common room
  • Private landscaped courtyard
  • Underground garage
  • Separate Storage

Bylaws

Olive Bylaws
Rentals Yes
Pets Yes
Age No
Barbecues Yes



  • Pets are permitted at Olive
  • Rentals are allowed
  • There are no age restrictions on the sale or rental of of units
  • Barbecues are allowed on outdoor patios

Sustainability

From the beginning, the developers of Olive wanted to build the highest quality development possible while providing buyers with affordable units. As a result, developers chose to forgo many sustainable methods which are costly to implement so as to extend the savings to homeowners.

Residents can utilize a number of alternative methods to commute to and from the Olive. These include utilizing the Canada Line which is nearby as well as the Yukon Street bike lane which is a block away.

The City of Vancouver has an extensive recycling program implemented in all modern condominium developments. Residents are encouraged to take advantage of this service. [6]


Trivia

Cambie Street has been a vital link in Vancouver since the City's inception

Cambie Street has a long history and has played an integral role in the development of Vancouver. The street was constructed in 1891 as a means to connect downtown Vancouver with the Fraser River, a lucrative shipping channel. Such defining features of this artery include the Cambie Street Bridge (which has been rebuilt three times) and a 10 metre wide boulevard between King Edward Street and Marine Drive. This boulevard has been designated as a heritage landscape by the City of Vancouver for the last 20 years.

While the Canada Line subway greatly enhances the community of Cambie street and has increased real estate values, initially it was opposed by many of the area's residents. The Canada Line was built using a cut and cover method which is disruptive to traffic and businesses. Due to this, one business was awarded $600,000 by the British Columbia supreme court to compensate for lost revenue as a result of the construction. [7]


References

  1. Joe Fayner Real Estate
  2. The Cambie Village
  3. Pasco
  4. My New Vancouver Home
  5. Video Tour
  6. City of Vancouver Recycling
  7. Wikipedia


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