Overview & Character
Oakridge sits at a pivotal moment in its evolution—a family-friendly westside neighbourhood with good schools and Canada Line access that is also home to one of Vancouver’s most ambitious urban development projects. The former Oakridge Centre mall is becoming Oakridge Park, a mixed-use development that will fundamentally alter the neighbourhood’s urban fabric while creating substantial opportunity for property owners and investors.
The neighbourhood’s existing character is traditionally residential. Tree-lined streets feature post-war homes, many updated or rebuilt over the decades. The Canada Line station connects residents to the broader region. Schools serve families who have chosen the area for its combination of westside address and relative accessibility.
What sets Oakridge apart is its transformation story. Unlike stable neighbourhoods where change happens gradually, Oakridge is experiencing a step-change in density and amenity. Those who understand this transformation—and position themselves accordingly—can benefit from the urban evolution underway.
Oakridge Park Development
The Oakridge Park development represents one of Vancouver’s largest urban projects, transforming 28 acres of the former mall site into a mixed-use urban centre.
The project includes:
- 6,000+ Residential Units: Towers and mid-rise buildings creating a vertical neighbourhood
- 1 Million SF Retail: Replacement and expansion of shopping capacity
- Community Centre: 100,000 SF civic facility for residents
- 9 Acres of Parks: Including a signature rooftop garden
- Childcare Facilities: Supporting the residential population
- Office Space: Employment component creating local jobs
For the surrounding neighbourhood, Oakridge Park means:
- Dramatically increased local amenities
- Higher density and urban character near the station
- Property value pressure as development completes
- Long-term appreciation from improved facilities
Real Estate Market Analysis
Current Market Conditions
Oakridge property values reflect both existing fundamentals and development anticipation.
Single-Family Homes: Properties range from $1.8 to $3.0 million depending on lot size, condition, and proximity to the station and development.
Existing Condos: Older buildings in the area range from $500,000 to $900,000 for standard units.
Oakridge Park Pre-sales: Premium pricing for units in the development, with one-bedrooms starting around $700,000 and larger units exceeding $1.5 million.
Development Sites: Properties within the Oakridge Transit Centre Plan area command premiums reflecting development potential.
Investment Potential
Oakridge investment offers compelling dynamics:
- Transit Value: Canada Line ensures permanent accessibility premium
- Development Catalyst: Oakridge Park creates neighbourhood-wide appreciation
- Policy Framework: Oakridge Transit Centre Plan provides density certainty
- Long-term Growth: Project completion will enhance values for surrounding properties
Market Dynamics
Oakridge values are driven by:
- Oakridge Park construction progress and completion timeline
- Canada Line connectivity
- School catchment desirability
- Westside location fundamentals
Community & Amenities
Current Facilities
- Oakridge-41st Station: Canada Line rapid transit
- Langara Golf Course: 18-hole public course
- Tisdall Park: Sports fields and playground
- VanDusen Botanical Garden: World-class garden nearby
- Queen Elizabeth Park: Short distance away
Coming Amenities (Oakridge Park)
- Community Centre: 100,000 SF recreation facility
- Rooftop Park: Publicly accessible green space
- Expanded Retail: Modern shopping replacing former mall
- Cultural Venues: Programming spaces for events
- Childcare: New facilities for families
Schools & Education
- Eric Hamber Secondary: Well-regarded secondary school
- Sexsmith Elementary: Neighbourhood elementary
- J.W. Sexsmith Elementary: Additional elementary option
- Immaculate Conception School: Catholic school option
- Langara College: Post-secondary nearby
Multiplex Development Opportunities
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Oakridge offers development opportunities under the Oakridge Transit Centre Plan framework.
Why Oakridge Attracts Development
- Transit Access: Canada Line creates permanent demand
- Development Catalyst: Oakridge Park enhances neighbourhood appeal
- Policy Support: Transit Centre Plan encourages density
- Market Strength: Westside location commands premium values
Development Economics
Oakridge development near the station:
- Land Values: Premium pricing reflects development potential
- Construction: $420-500/sf for quality mid-rise construction
- End Values: Strong pricing supported by transit and Oakridge Park amenities
- Rental Rates: $2,600-3,800 for transit-oriented units
Strategic Considerations
- Timing: Coordinate with Oakridge Park completion for market benefit
- Location: Proximity to station and Oakridge Park affects value
- Quality Level: Development should match upgraded neighbourhood character
- Unit Design: Transit-oriented buyers have specific expectations
Living in Oakridge
Transformation Period
Oakridge currently offers:
- Established Residential: Quiet streets with family homes
- Transit Access: Canada Line connection to region
- Construction Activity: Oakridge Park development underway
- Future Amenities: Anticipation of completed project
Future Community
Upon Oakridge Park completion:
- Urban Centre: New walkable core at station
- Enhanced Retail: Modern shopping and dining
- Community Facilities: Recreation and cultural programming
- Park Access: Rooftop gardens and new green spaces
Who Thrives Here
Oakridge suits:
- Families seeking good schools with transit access
- Investors anticipating development completion benefits
- Pre-sale buyers wanting new construction in emerging urban centre
- Long-term holders patient for transformation completion
Working With Greyden Douglas in Oakridge
My approach to Oakridge combines market knowledge with understanding of the neighbourhood’s transformation:
- Development Tracking: Monitoring Oakridge Park progress and implications
- Policy Expertise: Understanding Transit Centre Plan opportunities
- Investment Analysis: Evaluating timing and positioning for maximum benefit
- Market Insight: Guiding decisions during the transformation period
Whether seeking a family home, evaluating investment opportunities, or considering development sites, I provide the expertise Oakridge’s evolving market demands.
Ready to Explore Oakridge?
Whether you're buying, selling, or exploring multiplex opportunities in Oakridge, I'm here to help. With nearly 20 years of Vancouver real estate experience, I'll guide you through every step.