An 85-year-old Vancouver home didn’t spend much time on the market before it sold over the asking price and assessed value.
According to Zealty, the Point Grey home sold for $2,433,333, above the asking price of $2,099,000. It was listed on June 3 and spent less than two weeks on the market.
The most recent BC Assessment values the home at $2,280,100. This is the highest its value has been assessed at since 2017 and 2018.
What makes this home so unique?
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Aesthetically, a lot about this home isn’t necessarily common and almost resembles a property from another country. But really, it’s a property from another time, which also is apparent in its design.
The two-storey home features three bedrooms and three bathrooms with 2,432 sq of space.
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Some rooms in this over eight-decade-old house have withstood the test of time better than others. The home also has a nostalgic quality, likely due to some of the old-fashioned interior design.
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One reason the home may have been highly sought after is because it’s a corner lot in one of Vancouver’s most prestigious neighbourhoods in Point Grey.
The 600 sq ft covered patio is bigger than some Vancouver apartments and can be enjoyed all year long.
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There’s also a sizeable lot of 4,026 sq ft to work with.
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The listing advertised to potential buyers to bring their ideas to this property, which could mean redevelopment potential.
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Another factor that makes this property valuable is its proximity to UBC and a short walking distance to other schools. The listing also states that the entrance to Pacific Spirit Park is just across the street.
Other homes in the neighbourhood have been sold for or assessed at values in the same ballpark as this 85-year-old Vancouver home.
If you won the lottery today, would you take a chance at a home like this?