4172 Welwyn St., Vancouver
Asking price: $1,236,000 (March 18)
Selling price: $1,236,000 (March 30)
Monthly fee: $250
Taxes: $3,869.77 (2025)
Days on market: 12
Listing agents: Olivia Xue, Re/Max Crest Realty
The townhouse is part of a six-unit, boutique strata complex in Vancouver’s Cedar Cottage neighbourhood.Jimmy Jeong/The Globe and Mail
The action
Families who can’t afford detached houses and who find most condo units too small have been driving the townhouse market. East Vancouver has been outperforming the rest of the Vancouver market, said listing agent, Olivia Xue.
The seller received one offer at asking price on the unit, and four groups had expressed interest.
“Buyer confidence has improved significantly compared with the past two years,” said Ms. Xue. “It’s been driven by stable mortgage rates, buyers accepting the current pricing and pent-up demand from households that had postponed moving.”
The buyers are a young family.
The home has a private front yard with a patio off the dining room.Jimmy Jeong/The Globe and Mail
What they got
This bright corner townhouse is part of a six-unit, boutique strata complex in Vancouver’s Cedar Cottage neighbourhood, not far from the shops of Commercial Drive and Trout Lake.
The four-bedroom, three-bathroom, three-level unit has an open concept layout, a large kitchen, gas fireplace and private front yard with a patio off the dining room.
The strata unit measures 1,549 square feet and is open, white-walled and airy, with laminate floors and pot lights throughout the living area.
Jimmy Jeong/The Globe and Mail
The agent’s take
“Although demand has improved, buyers continue to have more choices than during the pandemic years,” said Ms. Xue. “This has reduced the frequency of widespread bidding wars and shifted the market toward strategic pricing, rather than aggressive underpricing.”
The sale completed on June 4.