December 19, 2012

North Vancouver property has wide appeal

Three-bedroom home on a sizable lot could be used as is, or potentially developed into a duplex or triplex

1584 East Keith Rd., North Vancouver

Type: Three-bedroom, two-bathroom detached
Size: 1,678 sq. ft.
B.C. Assessment, 2012: $709,300
Listed for: $958,800
Sold for: $880,000
Sold on: Oct. 30
Days on market: 194
Listing agent: Karim Virani at Virani Real Estate Advisors
Buyer’s agent: Frank Karabotsos at RE/MAX Crest Realty

The big sell: East Keith Road is one of North Vancouver’s prominent transit arteries, providing direct access between Highway 1 and Lonsdale Avenue. It is an area that is undergoing significant change with many townhouse developments being constructed to take advantage of the location and nearby amenities. When this split-entry property was put on the market, it presented an opportunity for builders, investors and families alike. The lot size is 50 by 135 feet, which would provide room to build a duplex or triplex property, subject to the District of North Vancouver’s planning consent. According to listing agent Karim Virani, the home is in great condition, is livable and benefits from a large bright back yard. It was built in 1955 and consists of three floors with two bedrooms upstairs, and the third bedroom and a recreation room on the lowest level. There are hardwood floors throughout, a stone-surround gas fireplace in the living room and a large patio area at the rear of the house.

These transactions were compiled by Nicola Way of and
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