The loft is in a building constructed in 1995, at a time when artist lofts gained in popularity.Bardon & Associates Real Estate Group
350 E. 2nd Ave., No. 420, Vancouver
Asking price: $649,000 (July 22)
Previous asking price: $699,900 (Feb. 18)
Selling price: $647,000 (July 25)
Previous selling price: $550,000 (2017); $135,195 (1995)
Days on market: Three
Monthly maintenance fee: $389.68
Taxes: $1,979.78 (2024)
Buyers’ agent: Bronwyn Bertles, Engel & Völkers Vancouver
The building is close to Emily Carr University, the upcoming SkyTrain station, breweries and shops.Bardon & Associates Real Estate Group
The action
The buyers’ agent, Bronwyn Bertles, said her clients had looked at the loft a few months previously to making an offer, but it had been priced too high at the time. They kept an eye on it, and once the price dropped, they wrote an offer.
“Once the price came down, my buyers felt comfortable making an offer. We were really happy with the price we got, because [those lofts] have sold higher than that in the past.”
She said the sellers had been renting the unit out.
The sale was completed Oct. 14.
The one-bedroom loft feels cozy despite its industrial bones.Bardon & Associates Real Estate Group
What they got
This live/work sub-penthouse loft is in a building constructed in 1995, at a time when artist lofts gained in popularity.
At 711 square feet, it’s a good-sized open-concept one bedroom, with exposed unfinished ceilings that are above average height, a gas fireplace, ensuite laundry, well-situated skylight above the dining area, and a northern exposure with mountain views. The loft manages to feel cozy despite its industrial bones.
The building is in Mount Pleasant, steps to Emily Carr University, the upcoming SkyTrain station, breweries and shops. The unit has floor-to-ceiling windows, and the building has a rooftop communal deck.
A bonus feature is that the unit doesn’t have any units above it. The building has parking and rentals are allowed, with restrictions.
The unit has a skylight above the dining area and exposed unfinished ceilings.Bardon & Associates Real Estate Group
The agent’s take
“The idea is they will put time and effort into it and make it cool and update it, and hopefully between the market recovering a bit, and their own taste, they will have a good asset on their hands,” Ms. Bertles said.