February 27, 2012
Yaletown condo has investment appeal
607 — 1010 Richards St., Vancouver
Type: 2-bedroom, 2-bathroom apartment
Size: 741 sq. ft.
B.C. Assessment, 2012: $455,000
Listed for: $498,800
Sold for: $495,000
Sold on: Jan. 15
Days on market: 6
Listing agent: Nadia Doucet and Louise Boutin at RE/MAX Crest Realty Westside
Buyers agent: Teddy Chan at Sutton Group – West Coast Realty
The big sell: This condo in Polygon’s Gallery building is the epitome of an investment property. It has a solid rental track record, having been rented out for the past two years, and currently achieves $3,000 per month as a corporate rental through a company that is keen continue the arrangement, according to listing agent Nadia Doucet. The seller was also willing to sell the furniture, making this an attractive turnkey operation. The home is a bright, corner unit with a sun room and plenty of windows that frame the city views. It has recently upgraded light fixtures, an in-suite laundry, mix of laminate and tile flooring, and granite countertops and a breakfast bar in the kitchen. The building has an exercise room and hot tub, and the Yaletown location presents culture, recreational facilities, the seawall, shopping and restaurants, all within walking distance. One parking stall is included and the building also accepts pets.