Plex-Mission Property Listings for Sale

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House for sale: 33026 2ND AVENUE, Mission

40 photos

$3,330,000

33026 2nd Avenue, Mission, British Columbia V2V 1J8

3 beds
3 baths
5 days

Developer & investor alert! Prime downtown Mission location: 2 titles/PIDs with multi-unit residential & commercial zoning (combine approx 8,000 sqft lot); both parcels designated in the OCP as DT commercial use. Choose to take advantage of the incredible commercial potential now or later;

33026 2 AVENUE, Mission

40 photos

$3,330,000

33026 2 Avenue, Mission, British Columbia V2V 1J8

0 beds
0 baths
15 days

Developer & investor alert! Prime downtown Mission location: 2 titles/PIDs with multi-unit residential & commercial zoning - combine almost 8,000 sq ft - with both parcels designated in the OCP as DT commercial use. This area in the heart of downtown is set to see tremendous growth & development.

Multi-Family for sale: 521 22 Avenue SW, Calgary

49 photos

$1,199,000

521 22 Avenue Sw, Calgary (Cliff Bungalow), Alberta T2S 0H5

0 beds
0 baths
29 days

Prime investment opportunity in Calgary’s Cliff Bungalow/Mission district with a 6.5% cap rate and $102,000 annual gross income. This well-maintained 5-plex sits on a 37.5’ x 120’ lot on a picturesque, tree-lined street, just steps from 4th Street, 17th Avenue, restaurants,

Other for sale: 1642 Touriga Place, West Kelowna

18 photos

$849,000

1642 Touriga Place, West Kelowna, British Columbia V4T 3B5

0 beds
0 baths
47 days

A rare opportunity to secure one of the largest and most desirable lots in the prestigious Vineyard Estates subdivision. At 0.37 acres, this expansive, flat lot offers views of Lake Okanagan and endless possibilities for development. Able to accommodate a luxury custom home, a multi-generational

The Rise of Plex Living: A Modern Housing Solution

In recent years, the concept of plex living has gained significant traction as a modern housing solution. This innovative approach to residential development offers a unique blend of community living and individual privacy, making it an attractive option for many homebuyers. From urban centers to suburban areas, plexes are becoming a popular choice for those seeking a balance between affordability and comfort.

Understanding the Plex Concept

A plex is a type of residential building that contains multiple units, typically ranging from two to eight. These units can be stacked vertically or arranged side by side, offering a variety of layouts to suit different needs. The Regional District of Central Okanagan is one such area where plexes are becoming increasingly popular, providing residents with a sense of community while maintaining their own private spaces.

The Appeal of Plex Living

One of the main attractions of plex living is its affordability. Compared to single-family homes, plexes often come with a lower price tag, making them an ideal choice for first-time homebuyers or those looking to downsize. For instance, the 10-plex in Ontario offers a range of units at competitive prices, providing an affordable entry point into the housing market.

Moreover, plexes offer a sense of community that is often lacking in traditional housing developments. Residents can enjoy shared amenities such as gardens, playgrounds, and communal spaces, fostering a sense of belonging and camaraderie. The 4-plex in Toronto exemplifies this community-centric approach, with its well-designed common areas that encourage interaction among neighbors.

Flexibility and Customization

Plex living also offers a high degree of flexibility and customization. Homeowners can choose from a variety of unit sizes and layouts, allowing them to find a space that perfectly suits their needs. The Sainte-Thérèse Plex is a prime example of this flexibility, offering units that can be tailored to accommodate different lifestyles and preferences.

Additionally, plexes can be an excellent investment opportunity. With multiple units under one roof, homeowners can choose to live in one unit while renting out the others, generating a steady stream of income. This dual-purpose functionality makes plexes an attractive option for those looking to invest in real estate.

Environmental Benefits

Another advantage of plex living is its environmental impact. By consolidating multiple units into a single building, plexes reduce the overall footprint of residential developments. This approach not only conserves land but also promotes energy efficiency, as shared walls and utilities can lead to lower energy consumption. The Plex in County Brant is a testament to this eco-friendly approach, with its sustainable design and energy-efficient features.

Urban and Suburban Applications

Plexes are versatile and can be found in both urban and suburban settings. In cities, they offer a solution to the growing demand for housing, providing high-density living options without sacrificing comfort. The 8-plex in Montreal is a perfect example of how plexes can thrive in urban environments, offering residents easy access to city amenities while maintaining a sense of community.

In suburban areas, plexes provide an alternative to traditional single-family homes, offering a more affordable and community-oriented living experience. The Plex in Capital showcases how suburban plexes can offer the best of both worlds, combining the tranquility of suburban life with the benefits of communal living.

Challenges and Considerations

While plex living offers numerous benefits, it is not without its challenges. One potential drawback is the need for effective management of shared spaces and amenities. Homeowners must work together to maintain these areas, which can sometimes lead to conflicts. However, with proper communication and cooperation, these challenges can be easily overcome.

Another consideration is the potential for noise and privacy issues, as residents live in close proximity to one another. However, modern plex designs often incorporate soundproofing and privacy features to mitigate these concerns, ensuring a comfortable living environment for all residents.

Case Studies: Successful Plex Developments

Several successful plex developments across Canada highlight the potential of this housing model. The Unit in Mission is a standout example, offering a range of well-designed units that cater to diverse needs. Similarly, the Townhouse in Mission demonstrates how plexes can seamlessly integrate into existing neighborhoods, enhancing the overall community fabric.

In Edmonton, the 4-plex development showcases the adaptability of plex living, with its modern design and strategic location providing residents with easy access to local amenities and services.

The Future of Plex Living

As the demand for affordable and sustainable housing continues to grow, plex living is poised to become an increasingly popular choice for homebuyers. With its unique blend of affordability, community, and flexibility, plexes offer a compelling alternative to traditional housing models. As more developers embrace this innovative approach, we can expect to see a rise in plex developments across the country, providing residents with a modern and sustainable way of living.