Heller Murch Realty
1088 Richards St., No. 103, Vancouver
Asking price: $999,900 (Feb. 25)
Selling price: $980,000 (March 10)
Previous selling price: $876,000 (2016)
Days on the market: 13
Monthly maintenance fee: $428.66
Taxes: $2,985.98 (2024)
Listing agent: Ian Watt, Heller Murch Realty
The action
The unit is in a building that is steps from the seawall, the Canada Line SkyTrain station and downtown shops.Heller Murch Realty
The sellers had paid $876,000 for the unit in 2016, so “they did well,” said listing agent Ian Watt.
“But they were realistic,” he added. “We had to have a conversation, because it’s not about the number you want – it’s about what someone is willing to pay.”
They received one offer, from a commuter-cyclist who appreciated the ground-floor access, said Mr. Watt.
“My clients listed it appropriately and the buyer recognized that it was the right price for what it was.”
What they got
The townhouse has a private southeast-facing 270 square-foot patio.Heller Murch Realty
This 936-square-foot brick-clad townhouse is at the ground level of an 18-storey Yaletown building on a tree-lined street, steps to the seawall, the Canada Line SkyTrain station and downtown shops.
The two-level unit is in up-to-date condition and bright, with 10-foot-high ceilings, a private southeast-facing 270 square-foot patio, ensuite laundry, walk-in closet and a bedroom big enough for a king-sized bed.
The strata council allows pets and rentals, and there is a gym in the 14-year-old building.
The agent’s take
The bedroom is big enough for a king-sized bed.Heller Murch Realty
Properties are generally selling, but only if the sellers are realistic about the market adjustment. This isn’t the heated market of four years ago, said Mr. Watt.
“At the peak, they could have sold it for $150,000 more, but you are not getting that right now.”
The sale completed April 15.
The average age of the Ontario first time home buyer is rising. Are you an Alberta resident in your late 30s or 40s who recently purchased your first home? We’re working on a story about home ownership and would love to hear from you, in particular if you are also a recent immigrant or newcomer. Email Globe editor Roma Luciw or journalist Zahra Khozema to share your experience.