Musqueam Houses for Sale
Discover Your New Home In MusqueamMusqueam is a unique area located on the South-Western section of Vancouver’s West Side—close to Pacific Spirit Park, UBC, schools, walking trails and Dunbar and Kerrisdale shopping districts. An ideal location for many, this stretch of land is owned by the Musqueam Indian Band, the only First Nations band whose reserve community lies within the boundaries of the City of Vancouver.
About Musqueam PropertiesMusqueam’s Endowment lands contain both Prepaid and Non-Prepaid Lease Properties
These are leasehold properties where the term of the lease ends in 2073. That means there are no annual Lease payments.
Located in the Southern section of the Musqueam Lands, a select few of these homes overlook the Fraser River. The homes in this section are large family homes on large lots, many with pools, and all enjoying a short drive to the airport.
Financing for these homes is available from traditional banks or other lending institutions, and a minimum down payment required for a prepaid lease is approximately 30%.
Non-prepaid leases are leasehold properties where the term of the lease ends in 2064, which are also subject to periodic increases every 20 years—the last increase was in 2015 and the next increase will be in 2035. While this keeps the average cost of these homes lower, it can be difficult to obtain financing from traditional lending institutions, such as banks or credit unions.
These sweeping homes can provide a wonderful standard of living for families, at an affordable cost when compared to the typically high pricing of freehold properties in Vancouver. Many non-prepaid homes sit on large lots, with big backyards and often outdoor pools. They also enjoy a short drive to Downtown and the airport alike.
Explore all properties currently for sale in this beautiful neighbourhood below.
- 3 Beds
- 2 Baths
- House/Single Family
- 3,582 sq.ft.
[MLS®#: R2548455]An expansive property where a buyer can make it there own. Located in a quiet neighborhood this property is a must see. Bring your renovation and design ideas! The house will need some care.
Listing Provided By: RE/MAX Crest Realty
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