Sold (Bought): 1927 Kits Point house offers 3 separate suites

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Weekly roundup of three properties that recently sold in Metro Vancouver. 

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1335 Laburnum St., Vancouver

Type: Four-bedroom, three-bathroom detached

Size: 2,397 square feet

B.C. Assessment: $3,135,000

Listed for: $3,288,000

Sold for: $3,200,000

Sold on: March 7

Days on market in this listing: Seven

Listing agent: David Richardson at ReMax Select Realty

Buyers agent: Jason Choi and Trent Rodney at Royal LePage Sussex

The big sell: Kits Point is the location for this four-bedroom detached house that has been completely remodelled both inside and out. Built in 1927 on a 33-by-100.5-foot lot, its current configuration accommodates three separate suites — one on each level — but according to listing agent David Richardson, it could easily be converted back to a single-family home. Custom updates have been undertaken to the kitchens, bathrooms, decks and patios, and the low-maintenance garden has been professionally designed and landscaped and includes fish ponds and a waterfall. The interior of the home displays hardwood floors with inlay detailing, two gas fireplaces, and there is an ocean view from the top floor. At the rear of the property is a two-car garage that is presently used as a workshop with a guest bedroom and an office in the loft.

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306 – 2985 Princess Cres., Coquitlam

Type: Two-bedroom, two-bathroom apartment

Size: 1,066 square feet

B.C. Assessment: $522,000

Listed for: $599,800

Sold for: $670,000

Sold on: March 12

Days on market in this listing: Three

Listing agent: Rod Hayes at Royal LePage Sterling Realty

Buyers agent: Nora Valdez at Royal LePage Sussex

The big sell: This two-bedroom upper-level apartment resides in Princess Gate, an adult-oriented (there is a 55-years-plus age restriction) complex that offers a swimming pool, hot tub, gym, workshop, recreation/party room and guest suites. This particular home overlooks the courtyard and Hoy Creek Linear Park and boasts an updated kitchen with high-end granite counters, a deep double sink, and ample storage space. The conjoined living and dining room has a gas fireplace, oversized windows that frame the verdant vistas, and a sliding glass door that opens to a covered balcony. The 18-foot-long primary bedroom has a five-piece ensuite bathroom and a walk-in closet with organizers. Insuite laundry and a storage room complete the unit, plus it comes with two parking stalls, a locker and a monthly maintenance fee of $569.35. Pets and rentals are permitted.

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211 – 2533 Penticton St., Vancouver

Type: Two-bedroom, two-bathroom apartment

Size: 995 square feet

B.C. Assessment: $312,000

Listed for: $199,000

Sold for: $500,000

Sold on: February 10

Days on market in this listing: One

Listing agent: Henry Wu and Aidan Cheung at LeHomes Realty Premier

Buyers agent: Norm Flockhart at Park Georgia Realty

The big sell: There was a dramatic difference between the listing and selling prices of this two-bedroom East Vancouver condo and buyers’ agent Norm Flockhart explains why. The unit forms part of the Gardenia Villa development which has been in need of major repairs and improvements. The entire complex is beginning a huge renovation that includes all exterior cladding/siding, rainscreen installation, decks and balcony membranes and structures, roofing systems, all exterior windows and doors, and more. This suite must pay a special levy of $235,443.92 as a proportional share of the nearly $60,000,000 total cost of these repairs and improvements. This levy was added to the sale price and paid out upon completion of the sale. He concludes that with bank financing unavailable to prospective buyers due to the state of the building, this unit was sold to a buyer who could pay cash.

These transactions were compiled by Nicola Way of BestHomesBC.com.

Realtors – send your recent sales to nicola@besthomesbc.com