June 26, 2012

East Van heritage home near Commercial sells above asking

A 1910 residence with heritage appeal and efficient updates fetches more than $1 million

1336 Lakewood Dr., Vancouver

Type: 4-bedroom, 2-bathroom detached
Size: 1,950 sq. ft.
B.C. Assessment, 2012: $918,000
Listed for: $888,000
Sold for: $1,010,000
Sold on: May 9
Days on market: 8
Listing agent: Allyson Brooke, Brenda Harrison and Deborah Phillips at Macdonald Realty
Buyers agent: J. Paul Toffoli at TRG – The Residential Group Realty

The big sell: Despite recent reports that Vancouver’s real estate market is stabilizing after the soaring prices of last year, there are still some properties where multiple offers are pushing the final sale price to an amount considerably higher than the listed price. That was the case with this East Vancouver home, which received eight offers. The reasons for its popularity? A 1910 home that retains its heritage style, a location in the Commercial Drive neighbourhood close to schools, shopping and parks, easterly views across Vancouver, and efficient updates to the kitchen, bathroom and electronics. There are french doors at the front and back of the property, wood-trim doorways and windows, a veranda in the front, a large sundeck off the dining room and kitchen at the back. As well, the residence has two full bathrooms, three bedrooms upstairs (including the master with a private balcony), ample storage, and a basement that has a bedroom and a recreation room, but could provide suite potential.

These transactions were compiled by Nicola Way of BestHomesBC.com and AssignmentsCanada.ca.
Realtors — send your recent sales to nicola@besthomesbc.com

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