The three-bedroom, two-bathroom townhouse sold for $1.902-million in August last year.Oakwyn Realty Ltd.
708 Heatley Ave., Vancouver
Asking price: $1,989,000 (May 12)
Previous asking price: $2,200,000 (April 25)
Selling price: $1,902,000 (Aug. 19)
Days on market: 79
Taxes: $4,686.76 (2024)
Listing agent: Dwayne Launt, Oakwyn Realty
The unit was completely renovated five years ago with high-end appliances and modern finishes.Oakwyn Realty Ltd.
What They Got
This three-bedroom, two-bathroom, 1,604-square-foot townhome in the heart of Strathcona village had a top-to-bottom renovation five years ago. The sellers included high-end appliances and contemporary finishes and added a rooftop patio, with views of the North Shore Mountains.
Located on a corner lot across from McLean Park, the unit gets plenty of natural light and is in a walkable neighbourhood not far from downtown. The home is attached to a garage and workshop.
“Several people felt like this was the best location in Strathcona,” said listing agent Dwayne Launt. “It was a very special property.”
A rooftop patio provides views of the North Shore Mountains.Oakwyn Realty Ltd.
The Action
“It was listed previously, for $2.2-million for a short period, because we were testing the market,” said Mr. Launt. “We didn’t get a response, so we took it off and put it back at $1.989-million, and it stayed at that price.”
They received a couple of offers. The seller decided to go with a buyer who had a young family and who appreciated the work that went into the renovation. Their purchase offer was subject to the sale of their own property, which took four months to sell.
The place received two offers and eventually went to a young family.Oakwyn Realty Ltd.
The unit gets plenty of natural light.Oakwyn Realty Ltd.
“It was a labour of love for the seller,” Mr. Launt said of the property.
The sellers were moving because they fell in love with another property in the West End.
The Agent’s Take
Mr. Launt said that last year was a challenging market, but the vibe has recently shifted. He expects the market to pick up even more by April.
“We are feeling it in the last couple of weeks, a spring vibe. People are out there looking. … Those people who held off [last year] still want to buy. They are just circling, waiting for the right property. And if it doesn’t need any work, it’s a lot more appealing.”
The sale was completed Nov. 13.