| GLOBE & MAIL Asking Price: $1,598,000
Selling Price: $1,700,000
Taxes: $5,110 (2007)
Days on Market: 11
Listing Agent: Walter Wells, Sutton Group West Coast Realty
BY THOMASINA BARNES
Although this three-bedroom bungalow would offer
ample room for any family, it sold for more than $100,000 over the asking price
because of its property value alone, says agent Walter Wells. "While prices
seemed to have peaked just before Christmas, recent prices have begun to rise
even further this year, as this record-breaking price shows," he says.
Built in the 1950s, the house has
a finished basement with seven-foot ceilings, a large recreation
room and two extra bedrooms that could easily be converted into a
separate suite, Mr. Wells says. The house also has a solar-heated
hot water tank, built-in vacuum system, and in-ground sprinkler
system, but what attracted buyers was the 53-by-130 foot lot in a
West Dunbar location.
"The general location on the west
side of Vancouver continues to be greatly in demand for buyers who
can afford the million-dollar prices," the agent says, noting:
"Dunbar is 10 minutes from downtown, 10 minutes from the airport,
but also just 10 minutes from Vancouver's beaches and is situated
on the edge of Pacific Spirit Park."
While Mr. Wells describes the home
as "well-kept," it is sure to see a complete renovation, if not
demolition.
>>Special to the
Globe and Mail
|
