March 5, 2013
Five-bedroom Vancouver home has high land value
Type: 5-bedroom, 2-bathroom detached
Size: 1,800 sq. ft.
B.C. Assessment, 2013: $1,679,300
Listed for: $1,548,000
Sold for: $1,488,000
Sold on: Jan. 15
Days on market: 36
Listing agent: Megan Wilson Ho at Dexter Associates Realty
Buyers agent: Kim Leung at Coldwell Banker Legend Real Estate
The big sell: According to listing agent Megan Wilson Ho, the value of this five-bedroom home in Vancouver’s MacKenzie Heights neighbourhood is mainly in the land. A lot size of 33-by-130 feet and a zoning category of RS-5 means a larger property could be built, together with a laneway house (such has been the popularity of the latter that permits have more than doubled in Vancouver in 2012 compared to previous years). The 75-year-old home has been well maintained and features two storeys and a basement. The interior has benefited from some updates, and there is a deck that overlooks the north-facing rear garden and a single carport. Adding to the appeal of this property is its corner lot position, a location on the quiet end of Macdonald Street, and proximity to a selection of stores on Mackenzie Street, as well as a direct transit route to downtown. Some of Vancouver’s top schools are nearby, together with parks and recreation opportunities.