The apartment is small but bright and in an old East Van neighbourhood that has maintained its character.Hill & Harbour Real Estate Group
2741 E. Hastings, No. 200, Vancouver
Asking price: $438,800 (Sept. 23)
Previous asking price: $444,900 (Sept. 3)
Selling price: $432,500 (Nov. 11)
Previous sale prices: $200,800 (2008); $120,000 (2005); $91,900 (2003)
Days on the market: 69
Taxes: $1,206.27 (2024)
Monthly maintenance fee: $296.05
Listing agent: Cheryl Davie, Hill & Harbour Real Estate, Stilhavn
The action
The unit has a narrow galley kitchen.Hill & Harbour Real Estate Group
About two dozen people viewed the unit. After a price reduction, the agent received two offers.
“We listed for a quite a while, but all of a sudden received two offers within a matter of 24 hours,” says listing agent Cheryl Davie. “A third agent called and expressed an interest in writing an offer as well.”
The unit had been a studio, but the owner-occupant obtained city permits to turn it into a one-bedroom unit.
“It was easy to show and over the past year, the seller had completed many updates including installing a wall with barn door to create a bedroom,” says Ms. Davie.
The deal completed Dec. 12.
What they got
Once the Murphy bed is unfolded, the bedroom is a tight space, but it’s separate from the living area.Hill & Harbour Real Estate Group
The Hastings Sunrise apartment is small but bright and in an old East Van neighbourhood that has maintained its character, with lots of mom-and-pop shops, small restaurants and coffee shops.
The 468-square-foot, one-bedroom unit was recently renovated with new laminate flooring and paint. Once the Murphy bed is unfolded, the bedroom is a tight space, but it’s separate from the living area.
There’s a narrow galley kitchen, a north-facing balcony and a gas fireplace. And it’s only a 20-minute bus ride to downtown.
The agent’s take
The unit, which is a 20-minute bus ride to downtown, has a north-facing balconyHill & Harbour Real Estate Group
“We typically experience a seasonal slowdown this time of year, however, our 2024 fall numbers are exceeding sales figures from 2023,” says Ms. Davie. “October of this year was 42 per cent busier for sales than September. My feeling is that the interest rate decreases are really beginning to take hold, and eager buyers are getting prepared and buying now.
“My expectation is that we will see the busiest spring market since 2022. Each week we are onboarding two to three new buyer clients, who are recently pre-qualified, and have the intention to purchase next year.”