Vancouver Price Drop

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Category Archives: Spotlight Burnaby

Burnaby Spotlight – June 18, 2013

38 Comments Posted by an observer on June 18, 2013

Here are the top 10 most desperate properties in Burnaby

The formula attempts to determine the level of desperation for a particular home by looking at price drops and relistings and weighting them based on the size of the drop and how recently it happened.

#10 ) Address:4863 EMPIRE DR, Capitol Hill, Burnaby

February 22, 2013	V992045	$1,188,888	$0	0%
March 10, 2013	V992045	$1,088,000	$-100,888	-8%
April 30, 2013	V992045	$1,049,900	$-138,988	-12%
May 10, 2013	V992045	$999,000	$-189,888	-16%
June 15, 2013	V992045	$960,000	$-228,888	-19%

Current Days on Market: 117 (0.32years)
Current ‘Official’ Days on Market: 117
2012 Assessment: $950,100
Desperation Score: 31.0

4 price drops in 4 months but still over assessment

Beautiful Capitol Hill home with a view! This investor/developer’s dream is perched on a hill with 180 degree westerly views of Burnaby, downtown Vancouver, Gulf Islands, Northshore Mountains, and the Burrard Inlet. The inside boasts vaulted, ceilings, 3 bedrooms + den, wood burning fireplace, sauna, workshop, and wine cellar! Call to view now and this prestigious North Burnaby lifestyle can be yours!

#9 ) Address:8263 GOVERNMENT RD, Government Road, Burnaby

May 12, 2011	V887808	$2,700,000	$0	0%
July 10, 2011	V887808	removed after 59 days
July 15, 2011	V900055	$2,700,000	$0	0%
September 13, 2011	V900055	removed after 60 days
April 14, 2012	V943305	$2,599,000	$-101,000	-4%
June 25, 2012	V943305	removed after 72 days
March 31, 2013	V998392	$2,599,000	$-101,000	-4%
May 02, 2013	V998392	$2,399,000	$-301,000	-11%
May 21, 2013	V998392	$2,088,000	$-612,000	-23%
May 25, 2013	V998392	$2,188,000	$-512,000	-19%

Current Days on Market: 80 (0.22years)
Current ‘Official’ Days on Market: 80
2012 Assessment: $2,076,000
Desperation Score: 31.2

Sold for $2,250,000 in June 2012 so even after their recent price increase they would lose over $175K (including transactional costs) if they received asking price. “Feng Shui is #1 here” yet it appears money is exiting the home very quickly.

Prime Location in the prestigious Government Rd Area. Steps to shopping, bus & SkyTrain & best schools nearby. Beautiful Italian home with huge lot: 70×140, Interior 5,778 sq ft, 4 bedrooms UP, 1 bdrm Down, 6 Baths. Featuring luxurious kitche n + wok, home theatre with Karaoke system, floor to ceiling projection display, gym, sauna, exercise area, lounge with wet-bar all inclusive. Serene private backyard with natural granite landscaping & fruit trees producing best of golden plums. Feng Shui is #1 here, bring your whole family to experience the great Italian design & built home, home. Call Now!

#8 ) Address:# PH1 2355 MADISON AV, Brentwood Park, Burnaby

April 23, 2007	V642887	$962,900	$0	0%
May 03, 2007	V642887	$972,900	$0	0%
December 13, 2007	V642887	removed after 234 days
February 01, 2008	V686196	$972,900	$0	0%
January 01, 2009	V686196	removed after 335 days
January 22, 2009	V749416	$799,900	$-173,000	-18%
May 22, 2009	V749416	removed after 120 days
November 10, 2010	V857902	$980,000	$0	0%
May 08, 2011	V857902	removed after 179 days
May 11, 2011	V887456	$1,080,000	$0	0%
August 12, 2011	V887456	removed after 93 days
August 23, 2012	V967745	$1,058,800	$-21,200	-2%
December 05, 2012	V967745	$998,000	$-82,000	-8%
January 19, 2013	V967745	$969,000	$-111,000	-10%
February 20, 2013	V967745	removed after 181 days
February 28, 2013	V993089	$988,000	$-92,000	-9%
May 12, 2013	V993089	removed after 73 days
May 28, 2013	V1009198	$988,000	$-92,000	-9%
May 30, 2013	V1009198	$969,000	$-111,000	-10%
June 07, 2013	V1009198	$939,000	$-141,000	-13%

Current Days on Market: 300 (0.82years)
Current ‘Official’ Days on Market: 22
2012 Assessment: $937,000
Desperation Score: 31.3

A little ping pong pricing action before hitting a new low recently. It’s hard for a 6 year old apartment to compete with all of the new inventory coming on board

“Live like a queen”???????? Thanks for pointing that out ManyFranks. Horribly alienating statement

Live like a queen w/spectacular views of city, mountain & water! Oma built by millennium. This beautiful penthouse unit boast open floor plan w/living & dining rm, gourmet kitchen w/s/s appliances, granite counter & island for breakfast. Mbdrm w/5 piece ensuite & large closet, plus 2 more bedrooms & 2 baths. Wood flooring throughput, 12″ height ceilings, extra large entrance door, wrapped up balconies for your evening getaway & much more. Top class amenities are indoor pool, sauna, hot tub & exercise centre. You’ll love this unit.

#7 ) Address:6735 WALTHAM AV, Upper Deer Lake, Burnaby

March 17, 2012	V937742	$868,000	$0	0%
March 19, 2012	V937742	removed after 2 days
February 01, 2013	V988244	$2,288,000	$0	0%
April 07, 2013	V988244	$2,138,000	$-150,000	-7%
May 01, 2013	V988244	removed after 89 days
May 10, 2013	V1006203	$1,980,000	$-308,000	-13%
May 30, 2013	V1006203	$1,880,000	$-408,000	-18%

Current Days on Market: 138 (0.38years)
Current ‘Official’ Days on Market: 40
2012 Assessment: Building unfinished
Desperation Score: 32.0

This new build is down $400K and 18% in 2 months

Built to impress! Great opportunity to own a home of exemplary distinction construction in the Upper Deer Lake neighbourhoods. This custom built 3 level home features 7 bedrooms & 6 baths with open concept living.Highlights include 12′ high ceiling on family room and soaring entrance foyer, high end crystal lighting and plumbing fixtures, Granite countertops, full smart security system, central a/c R/I, high efficiency radiant heating, spacious open kitchen and separate wok kitchen, potential separated 2 bedroom suites, private garden and yard. 2/5/10 year warranty. OPEN House June 15 & 16 Sat/Sun 2-4pm

#6 ) Address:6035 LAKEVIEW AV, Upper Deer Lake, Burnaby

April 09, 2012	V941955	$1,608,000	$0	0%
June 06, 2012	V941955	$1,445,000	$-163,000	-10%
July 04, 2012	V941955	$1,400,000	$-208,000	-13%
August 01, 2012	V941955	removed after 114 days
August 19, 2012	V967205	$1,330,000	$-278,000	-17%
December 13, 2012	V967205	removed after 116 days
January 20, 2013	V986295	$1,295,000	$-313,000	-19%
March 12, 2013	V986295	$1,199,900	$-408,100	-25%
March 25, 2013	V986295	removed after 64 days
April 07, 2013	V999745	$1,199,000	$-409,000	-25%

Current Days on Market: 436 (1.19years)
Current ‘Official’ Days on Market: 73
2012 Assessment: $987,000
Desperation Score: 32.5

Initial price was 60% over assessment and now, after 25% in price drops they are still 20% over assessment

Prestigious location custom built one owner home. Features 8 bedrooms, 2 family rooms, 4 bathrooms, 3 fireplaces, full security cameras monitoring system, 2 car garage plus more parking, jacuzzi in master ensuite, original extremely well kept and cared for home with newer appliances, solid oak hardwood floors, hot water tank, newer roof & more. A must see home.

#5 ) Address:7740 GRAHAM AV, East Burnaby, Burnaby

May 23, 2010	V832533	$539,900	$0	0%
May 30, 2010	V832533	removed after 7 days
December 14, 2011	V922337	$1,168,000	$0	0%
June 30, 2012	V922337	removed after 199 days
July 29, 2012	V964408	$1,151,000	$-17,000	-1%
September 18, 2012	V964408	$1,110,000	$-58,000	-5%
February 21, 2013	V964408	$1,079,000	$-89,000	-8%
February 26, 2013	V964408	removed after 212 days
April 15, 2013	V1001282	$1,089,000	$-79,000	-7%
April 20, 2013	V1001282	$1,039,800	$-128,200	-11%
May 12, 2013	V1001282	removed after 27 days
May 25, 2013	V1009060	$1,065,900	$-102,100	-9%
June 02, 2013	V1009060	$1,029,000	$-139,000	-12%

Current Days on Market: 553 (1.52years)
Current ‘Official’ Days on Market: 25
2012 Assessment: $1,060,000
Desperation Score: 33.5

“spky kitchen” – spooky kitchen? spiky kitchen? spanky kitchen? Confused… 2 price increases and 5 price drops over the last year and a half but now below assessment

Better than new, nicely kept custom built home with back lane in 55×110 lot, 2775 Sf huge 2 level home. Very modern home. HOme owner built for himself, with air con, 5 security cameras, intercom system with 6 CD player, highend maple kitchen cabinets, spky kitchen, legal one bedroom suite, remote control back gate, top end stainless steel appliances, granite countertops, 4 bedroom upstairs, heritage style house & many more things to see.

#4 ) Address:3293 BAINBRIDGE AV, Government Road, Burnaby

June 13, 2012	V956010	$1,258,000	$0	0%
July 19, 2012	V956010	$1,090,000	$-168,000	-13%
October 01, 2012	V956010	removed after 110 days
October 06, 2012	V975355	$995,000	$-263,000	-21%
December 05, 2012	V975355	removed after 60 days
March 06, 2013	V994040	$900,000	$-358,000	-28%
April 12, 2013	V994040	$875,000	$-383,000	-30%
April 30, 2013	V994040	removed after 55 days
May 02, 2013	V1004522	$868,000	$-390,000	-31%

Current Days on Market: 371 (1.02years)
Current ‘Official’ Days on Market: 48
2012 Assessment: $817,400
2011 Assessment: $817,500
Desperation Score: 35.0

31% in price drops yet still over assessment

This is a 2,700+ sqft, 2 level home situated on a quiet street in desirable Government Road area! Ideal home to rent for a potential ($3,200 up & $1,250 down) per month, move in & decorate to your style with a mortgage helper down, or build. Upstairs has 3 beds, 2 baths, living, dining, kitchen & a large family room. Down has a large 2 or 1 bed suite & 2 bathrooms. New Roof replaced in 2007, basement renovations done in 2010, New Furnace in 2010. Walk to Sperling Skytrain, easy access to SFU, Bentwood Mall & Lougheed Mall, Express Bus direct to Vancouver! Approved sketch of building plans by the City for 6,200 SF luxurious home with a 3 car garage. This is a large 10,700 SQFT lot.

#3 ) Address:3120 PHILLIPS AV, Government Road, Burnaby

September 12, 2009	V786548	$718,800	$0	0%
November 04, 2009	V786548	removed after 53 days
January 15, 2012	V925581	$1,430,000	$0	0%
March 21, 2012	V925581	$1,398,000	$-32,000	-2%
May 15, 2012	V925581	removed after 121 days
June 01, 2012	V953659	$1,298,000	$-132,000	-9%
July 17, 2012	V953659	$1,198,000	$-232,000	-16%
September 13, 2012	V953659	removed after 104 days
November 18, 2012	V980558	$1,098,000	$-332,000	-23%
February 18, 2013	V980558	removed after 92 days
February 21, 2013	V991852	$1,123,000	$-307,000	-21%
March 16, 2013	V991852	$1,088,000	$-342,000	-24%
April 22, 2013	V991852	removed after 60 days
May 02, 2013	V1004512	$1,049,000	$-381,000	-27%

Current Days on Market: 521 (1.43years)
Current ‘Official’ Days on Market: 48
2012 Assessment: $1,139,000
Desperation Score: 37.7

6 price drops, 1 price increase and 27% in overall price drops and now listed below assessment

A quality, modern home on a 19,000 sq ft lot. Renewed, remodelled and improved! Daylight shines thru new vinyl windows with designer blinds. Hi-tec lighting and security system. Main floor has a bar area, fireplace, 20′ vaulted ceiling in the living room and a 425 sqft deck. Main beds have 13′ vaulted ceilings, bath w/ frameless shower and designer vanity. New gourmet kitchen, wall mount oven/microwave, Bosch fridge, tiled backsplash leading to a 150 sqft deck via French doors. Master bed is a large open loft style, dressing area, private deck. Master bath is a spacious spa like fantasy with jetted soaker tub and frameless shower. Hot water heat with a new high efficiency boiler. Fully landscaped/fenced on 3 sides. Potential suite, separate entrance, laundry room. Near SFU, Sky train, schools are Seaforth and Burnaby Mountain. Open House: Sat 2-4, Sun 2-4 PM.

#2 ) Address:5320 SUSSEX AV, Forglen, Burnaby

May 11, 2012	V949426	$1,388,000	$0	0%
June 09, 2012	V949426	$1,288,000	$-100,000	-7%
September 12, 2012	V949426	$1,198,000	$-190,000	-14%
November 02, 2012	V949426	removed after 175 days
January 30, 2013	V987699	$1,128,000	$-260,000	-19%
February 16, 2013	V987699	$1,080,000	$-308,000	-22%
April 03, 2013	V987699	$1,038,000	$-350,000	-25%
May 09, 2013	V987699	$973,800	$-414,200	-30%

Current Days on Market: 404 (1.11years)
Current ‘Official’ Days on Market: 140
2012 Assessment: $1,043,800
Desperation Score: 38.7

Another one with 30% in price drops and now listed below assessment but still not moving

Top location in Forest Glen! Immaculate family home with 2 bdrm suite down & 2x glaze windows. Hardwoods throughout! New metal roof ($14,000). New H2O tank. Super lot, landscaped & views. Hurry!

#1 ) Address:8190 GREENLAKE PL, Government Road, Burnaby

October 05, 2006	V614563	$749,000	$0	0%
February 19, 2007	V614563	removed after 137 days
August 25, 2012	V967996	$2,458,000	$0	0%
September 12, 2012	V967996	removed after 18 days
September 14, 2012	V971107	$2,596,000	$0	0%
October 25, 2012	V971107	$2,450,000	$-146,000	-6%
December 11, 2012	V971107	removed after 88 days
December 15, 2012	V982629	$2,168,000	$-428,000	-16%
January 05, 2013	V982629	$1,988,000	$-608,000	-23%
April 17, 2013	V982629	removed after 123 days
April 20, 2013	V1002413	$1,988,000	$-608,000	-23%
June 11, 2013	V1002413	$1,890,000	$-706,000	-27%

Current Days on Market: 298 (0.82years)
Current ‘Official’ Days on Market: 60
2012 Assessment: $1,899,000
Desperation Score: 39.8

It’s actually a very nice looking home – initial pricing was stupid but now listed below assessment. I wouldn’t expect this one to sit too much longer but surely if they priced it reasonable to begin with it would have sold for $2 million last fall

Beautiful custom-built home in a cul-de-sac in the prestigious Government Road area. Functional layout, high ceiling in the living and family room, stylish fireplace, engineered hardwood throughout, Schonbeck crystal chandeliers, sound system, LED lighted stairs. Gourmet kitchen with quartz countertop, S/S appliances, porcelain floor tiles, wok kitchen and pantry. Total of 8 bedrooms and 8 bathrooms. Outdoor fireplace, TV and gas-hookup great for BBQ-ing, beautiful landscaped backyard, stamped concrete driveway and much more.

Spotlight Burnaby

Burnaby Spotlight – October 31, 2012

13 Comments Posted by an observer on October 31, 2012

It’s been a month so once again here are the top 10 properties currently listed in Burnaby with the largest overall drop in asking price since early March. No comments from me other than any unit sales in the case of a condo for these spotlights because it’s just too time consuming to read through everything when doing 13 spotlights

Some Highlights

It takes a 23% drop to make this top 10. Previous 4 months were 21%, 17%, 17% and 17%
5 of 9 listings are now below assessment

#10 ) Address:7515 WHELEN CT, Deer Lake, Burnaby

April 25	V945216	$1,688,000	$0	0%
May 17	V945216	$1,588,000	$-100,000	-6%
Open House: May 20
June 23	V945216	$1,470,000	$-218,000	-13%
August 16	V945216	removed
September 13	V970912	$1,399,000	$-289,000	-17%
September 29	V970912	$1,299,000	$-389,000	-23%
Open House: Oct 20

Assessment: $1,501,000

STUNNING & RARE! A terrific family home! Offered for sale by long time owners. Updated & immaculately kept open spacious & bright post modern family home in popular Deer Lake area situated on a large 11,465 sq.ft lot, your own “Stanley Park” setting! Updates include roof, double glazed “Low E” windows, river rock gas fireplace, bathrooms, flooring, & b/in vacuum. Large decks, 49’x13′, & 60’x23′, private backyard, backs onto greenbelt, with hot tub, and storybook garden with multiple fish ponds, large covered areas. Full height walk out basement, with unauthorized suite. Close to Deer Lake, Buckingham Heights Elementary, and public transit. This home will please the fussiest of buyers searching for that special family home.

#9 ) Address:# 47 3960 CANADA WY, Burnaby Hospital, Burnaby

March 14	V936828	$349,900	$0	0%
March 28	V936828	$328,800	$-21,100	-6%
April 28	V936828	$314,900	$-35,000	-10%
Open House: May 20
May 23	V936828	removed
May 28	V952738	$275,900	$-74,000	-21%
Open House: Jun 09, 16

July 31	V952738	removed
August 06	V965295	$265,888	$-84,012	-24%
Open House: Aug 19, 26

Open House: Sep 02, 16

Open House: Oct 14

Assessment: $259,200

No units sold in this development last year

MOTIVATED SELLER. BRING OFFERS. Beautiful spacious 1 bdrm corner unit with its own private entrance and large patio rarely becomes available in Lodges in popular Cascade Village. Nicely kept unit. Wood burning fireplace gives a country style feeling to this cozy apartment. Top of the line appliances, newer hot water tank, in suite laundry. Complex has a very nice recreation facility with indoor pool, weight room, two theatre rooms & party room looking out to landscaped green area. This kind of unit rarely becomes available.

#8 ) Address:# 302 5450 EMPIRE DR, Capitol Hill, Burnaby

July 27	V963885	$329,000	$0	0%
August 14	V963885	$299,000	$-30,000	-9%
August 25	V963885	$279,000	$-50,000	-15%
Open House: Sep 22
October 25	V963885	removed
October 28	V978371	$249,000	$-80,000	-24%

Assessment: $267,200

1 Sale here last year for 1% ABOVE assessment and this unit is currently 7% BELOW assessment

Clean 2 bedroom 2 bath corner unit facing quiet inner courtyard. Nice layout with spacious rooms. Convenient North Burnaby location close to amenities and transportation. Building is considered to be in good condition.

#7 ) Address:6563 ORCHARD PL, Deer Lake, Burnaby

October 05	V975230	$1,369,000	$0	0%
October 19	V975230	$1,035,000	$-334,000	-24%

Assessment: No Assessment

“Deer Lake Woods” a boutique 8-lot subdivision in prestigious, upscale Deer Lake. Your opportunity to purchase a fully serviced R2 zoned lot and build your dream home of approximately 4700 sq. ft. Located off Brantford Avenue, north of Oakland St. and surrounded by the forest of Deer Lake. These lots are situated in a cul-de-sac, some offer mountain views while others have the forested Deer Lake Park overlooking your back yard. This is a rare opportunity to build your own new executive home in a gem of a setting. All services at lot line and are ready to build on. Quick & easy access from this greenbelt to Metrotown & Hwy 1. Shadbolt Center for the Arts, Deer Lake and nature trails all nearby. Close to transportation & schools.

#6 ) Address:7333 BARNET RD, Westridge, Burnaby

April 21	V944674	$999,999	$0	0%
May 05	V944674	$869,900	$-130,099	-13%
May 24	V944674	$795,000	$-204,999	-20%
July 17	V944674	$749,000	$-250,999	-25%

Assessment: $673,700

Some view.

#5 ) Address:7545 WHELEN CT, Deer Lake, Burnaby

March 09	V932130	$1,877,000	$0	0%
May 16	V932130	$1,777,000	$-100,000	-5%
June 06	V932130	removed
June 11	V955744	$1,499,000	$-378,000	-20%
October 16	V955744	$1,399,000	$-478,000	-25%
Open House: Oct 20

Assessment: $1,611,000

RARE & PRESTIGIOUS! Tranquil “Stanley Park” like setting w/ stunning elevated vista views. Highly desired & rarely available large property (over 15,000 sqft) in Deer Lake/Buckingham Heights. Extensively updated modern post & beam mid-century home! Long time owner, renovations include new kitchen, bathrooms, windows, roof, hardwood floors, deck covering, & new 2 car enclosed garage. Low maintenance yard, professionally landscaped. Floor to ceiling windows, lots of natural light, bright, open layout, vaulted ceilings & skylights. Grand marble slab kitchen-island, stainless steel appliances & appointments. Flexible layout, potential self contained nanny’s quarters. Walk to Deer Lake, in Buckingham Heights School catchment!

#4 ) Address:8443 13TH AV, East Burnaby, Burnaby

March 09	V933528	$1,888,000	$0	0%
April 11	V933528	$1,500,000	$-388,000	-21%
May 08	V933528	removed
May 11	V949298	$1,399,000	$-489,000	-26%
September 16	V949298	removed
September 18	V971963	$1,399,000	$-489,000	-26%

Assessment: $1,020,000

This spacious custom built home is not to be missed! The upper level has over 1100 sq.ft. and has four bedrooms and 3 bathrooms, while the basement is over 1400 sq.ft. with 3 bedrooms and 2 bathrooms. The main floor is also over 1400 sq.ft. and has a familyroom, living room, bathroom, dining room, eating nook, and kitchen. The kitchen is open concept with rich, darker cabinets and granite counters. There are two fireplaces on the main level as well, both gas fuelled. Enjoy the outdoor patio and backyard, complete with a detached two car garage. This home is great for families, with great schools and parks within walking distance.

#3 ) Address:6135 DUFFERIN AV, Forglen, Burnaby

June 27	V958839	$1,165,000	$0	0%
July 05	V958839	$1,065,000	$-100,000	-9%
July 11	V958839	$995,000	$-170,000	-15%
September 07	V958839	removed
September 13	V970890	$895,000	$-270,000	-23%
Open House: Sep 16, 30

Open House: Oct 13
October 20	V970890	$847,500	$-317,500	-27%

Assessment: $863,300

UPDATE: Sold for $740,000, thanks “Disowned Renter”

Prime location. Close to Metrotown, Skytrain, Schools and nature trails. The original owners have cared for this home for 51 years. 3 bedrooms on the main floor, eating area in the kitchen, separate dining room, living room has hardwood floors, fireplace and overlooks the green space of Kisby Park. Partly finished basement with recroom and large area for potential finishings. A wonderful opportunity to renovate or add on to this solid home. This 50 X 150 lot with lane is great for building up to a 4500 square feet of living space.

#2 ) Address:# 106 3901 CARRIGAN CT, Government Road, Burnaby

March 09	V928289	$289,000	$0	0%
March 15	V928289	$279,000	$-10,000	-3%
April 12	V928289	$269,900	$-19,100	-7%
April 17	V928289	removed
April 19	V944191	$269,900	$-19,100	-7%
May 23	V944191	$259,900	$-29,100	-10%
June 29	V944191	$249,800	$-39,200	-14%
July 25	V944191	$239,000	$-50,000	-17%
August 24	V944191	$229,900	$-59,100	-20%
September 18	V944191	removed
September 21	V972752	$209,900	$-79,100	-27%
Open House: Sep 22, 23

Assessment: $264,700

3 sales in this property last year averaging 3% BELOW assessment. This one is currently listed at 21% BELOW assessment.

Lougheed Estates II – Court Ordered Sale !! Spacious 3 bedroo, 2 bathroom, above ground corner unit in well maintained building, just a short 5 minute walk to Sky-Train and Lougheed Mall. This home boasts over 1200 square feet of living area with a newer upgraded kit, counter-tops, laminate floors, gas fireplace and more. Massive master bdrm with 3 pc ensuite and also featuring large secondary bedrooms. Long term maintenance program in place with 1 year old roof. Complex amenities include indoor swimming pool, sauna, rec center and workshop. Maintenance fee includes heat, hot-water and gas. Convenient location close to schools, shopping, transportation and Sky-train. Unit shows reasonably well, but is sold on “As is Where is” basis.

#1 ) Address:5335 VICTORY ST, Metrotown, Burnaby

June 22	V957859	$1,860,000	$0	0%
October 04	V957859	removed
October 07	V975677	$1,280,000	$-580,000	-31%

Assessment: $747,500

Great starter home for family or investment property. This 3 bed, 2 bath 1375 sq. ft. rancher is centrally located on a 33′ x 150′ lot. An open kitchen plan overlooking the family room inviting further to the back patio and private yard. 2 car garage at back along with open parking as well. Wood & gas F/P, wheelchair accessible, skylights & jacuzzi tub w/steam bath. Close to all amenities including skytrain.Proposed RM3 zoning.

Spotlight Burnaby

Burnaby Spotlight – September 22, 2012

8 Comments Posted by an observer on September 22, 2012

It’s been a month so once again here are the top 10 properties currently listed in Burnaby with the largest overall drop in asking price since early March. Please note that the listings are now in reverse order so starting with #10 and going up to #1

Some Highlights

It takes a 21% drop to make this top 10. The previous 3 months all took a 17% drop to make the list.
4 of 9 listings are now below assessment

#10 ) Address:4361 CARSON ST, South Slope, Burnaby

March 29	V939742	$1,699,000	$0	0%
May 23	V939742	$1,499,000	$-200,000	-12%
June 28	V939742	removed
July 02	V959872	$1,348,888	$-350,112	-21%

Assessment: Building Unfinished

“Buyer ot verify”. Come on, it’s been listed for most of the year, please fix your typo!

Custom built home located in prime area of south Burnaby. Quiet neighbourhood close to schools & transportation. 3 minutes drive to Metrotown facing south higher side of park. 7 bedrooms, 6 baths, large master bedroom with ensuite. Option for 2 suites downstairs. glazed stained maple kitchen with granite counter tops air condition HRV, Stucco, tile foof, china kitchen. Double car garage, lots of parking at front. Ready to move. All measurements are approximate. Casll LS for more info. Buyer ot verify.

#9 ) Address:150 BOUNDARY RD, Vancouver Heights, Burnaby

March 06	V935578	$2,397,000	$0	0%
May 29	V935578	$2,188,000	$-209,000	-9%
August 14	V935578	removed
September 06	V969082	$1,899,000	$-498,000	-21%

Assessment: $1,412,000

We’ll likely see this one on the Weekly Drop soon. $2.4 million, really???

Fall in love with this lovely custom designed home, in a well situated location for easy access to downtown (minutes), Northshore (minutes), freeway access (minutes). Water, mountain & city views from every level, home features, solid fir doors & casing & baseboards, jatoba hardwood flooring, brazilian cherry stairs, custom arts & crafts fireplace, home to be viewed by appt. Please, Thanks.

#8 ) Address:# 1807 9280 SALISH CT, Sullivan Heights, Burnaby

June 02	V954060	$239,000	$0	0%
July 18	V954060	$229,000	$-10,000	-4%
July 28	V954060	$219,000	$-20,000	-8%
August 15	V954060	$214,900	$-24,100	-10%
September 06	V954060	$199,000	$-40,000	-17%
September 21	V954060	$189,000	$-50,000	-21%

Assessment: $214,000

“Great opportunity for the brave!” maybe should read “Great opportunity for the stupid!”. 4 sales in this apartment last year averaging 6% ABOVE assessment and none of the sales were below assessment. This one currently listed at 12% BELOW assessment and is a court ordered sale.

Fantastic renovation of highest quality done 2 years ago, sleek and modern, footage includes enclosed balcony. Beautiful view. Court ordered sale. Great opportunity for the brave! Schedule “A” a must!

#7 ) Address:7456 BURRIS ST, Buckingham Heights, Burnaby

March 09	V933075	$1,798,000	$0	0%
April 23	V933075	$1,738,000	$-60,000	-3%
May 16	V933075	$1,695,000	$-103,000	-6%
June 20	V933075	$1,650,000	$-148,000	-8%
July 12	V933075	removed
July 15	V962177	$1,599,000	$-199,000	-11%
September 05	V962177	$1,399,000	$-399,000	-22%

Assessment: $1,661,000

You don’t often see reasonably nice homes in Burnaby listing for 16% below assessment but perhaps a sign of things to come in the near future?

Buckingham Heights area, this 4 bedrooms 3 baths home sits on a large 100×150 lot. Extensively renovated in 2009. Professionally landscaped w/lighting, fully fenced, secure power front gate, security camera in heated driveway and much more.All wiring and plumbing was redone, including washrooms which features jetted tubs, steam shower and much more. Walking distance to the highly ranked Buckingham elementary school and the beautiful Deer Lake park. Close to Metrotown, BCIT, Burnaby Central Secondary and transportation. Price well for quick sale, listing price is under Assessed value.

#6 ) Address:# 311 6820 RUMBLE ST, South Slope, Burnaby

May 30	V953032	$252,900	$0	0%
June 29	V953032	$234,900	$-18,000	-7%
July 13	V953032	$219,900	$-33,000	-13%
July 28	V953032	$209,900	$-43,000	-17%
August 11	V953032	$199,900	$-53,000	-21%
August 24	V953032	$194,900	$-58,000	-23%
August 26	V953032	removed
August 31	V968730	$194,900	$-58,000	-23%

Assessment: $235,900

8 units sold in this property last year averaging 1% BELOW assessment. This unit is currently listed at 17% BELOW assessment. The unit “needs some TLC”.

Great location !! Large 1 bedroom unit in “The Mansion” by Polygon. 5 min. walk to Edmonds skytrain station, a few blocks to Highgate Shopping Center and easy access to hiking trails and bike paths. Well run complex that has a live in caretaker, exercise room, hot tub. Complex allows for 1 cat or dog and some rentals. Units needs some TLC but has a great layout, fireplace and a large balcony.

#5 ) Address:6135 DUFFERIN AV, Forglen, Burnaby

June 27	V958839	$1,165,000	$0	0%
July 05	V958839	$1,065,000	$-100,000	-9%
July 11	V958839	$995,000	$-170,000	-15%
September 07	V958839	removed
September 13	V970890	$895,000	$-270,000	-23%
Open House: Sep 16

Assessment: $863,300

Current owners have lived there for 51 years – boomer effect in action. Watch how their ability to take a much lower price due to the tiny initial purchase price causes every other home around them to depreciate

#4 ) Address:# 47 3960 CANADA WY, Burnaby Hospital, Burnaby

March 14	V936828	$349,900	$0	0%
March 28	V936828	$328,800	$-21,100	-6%
April 28	V936828	$314,900	$-35,000	-10%
Open House: May 20
May 23	V936828	removed
May 28	V952738	$275,900	$-74,000	-21%
Open House: Jun 09
Open House: Jun 16
July 31	V952738	removed
August 06	V965295	$265,888	$-84,012	-24%
Open House: Aug 19
Open House: Aug 26
Open House: Sep 02
Open House: Sep 16

Assessment: $259,200

No units sold in this development last year and this one looks like it has been empty for most of the year

OPEN HOUSE: SUNDAY SEPTEMBER 16, 2:30-4:30. Beautiful spacious 1 bdrm corner unit with its own private entrance and large patio rarely becomes available in Lodges in popular Cascade Village. Nicely kept unit. Wood burning fireplace gives a country style feeling to this cozy apartment. Top of the line appliances, newer hot water tank, in suite laundry. Complex has a very nice recreation facility with indoor pool, weight room, two theatre rooms & party room looking out to landscaped green area. This kind of unit rarely becomes available.

#3 ) Address:7333 BARNET RD, Westridge, Burnaby

April 21	V944674	$999,999	$0	0%
May 05	V944674	$869,900	$-130,099	-13%
May 24	V944674	$795,000	$-204,999	-20%
July 17	V944674	$749,000	$-250,999	-25%

Assessment: $673,700

“Some view.” Still a leading contender for the laziest description of the year award

Some view.

#2 ) Address:8443 13TH AV, East Burnaby, Burnaby

March 09	V933528	$1,888,000	$0	0%
April 11	V933528	$1,500,000	$-388,000	-21%
May 08	V933528	removed
May 11	V949298	$1,399,000	$-489,000	-26%
September 16	V949298	removed
September 18	V971963	$1,399,000	$-489,000	-26%

Assessment: $1,020,000

$1.888 million??? More than 80% above assessment??? What’s wrong with this city?!?

#1 ) Address:# 106 3901 CARRIGAN CT, Government Road, Burnaby

March 09	V928289	$289,000	$0	0%
March 15	V928289	$279,000	$-10,000	-3%
April 12	V928289	$269,900	$-19,100	-7%
April 17	V928289	removed
April 19	V944191	$269,900	$-19,100	-7%
May 23	V944191	$259,900	$-29,100	-10%
June 29	V944191	$249,800	$-39,200	-14%
July 25	V944191	$239,000	$-50,000	-17%
August 24	V944191	$229,900	$-59,100	-20%
September 18	V944191	removed
September 21	V972752	$209,900	$-79,100	-27%
Open House: Sep 22
Open House: Sep 23

Assessment: $264,700

3 sales in this property last year averaging 3% BELOW assessment. This one is currently listed at 21% BELOW assessment. This court ordered sale is sold “As is Where is”. No thanks!

Spotlight Burnaby

Burnaby Spotlight – August 23, 2012

Leave a comment Posted by an observer on August 23, 2012

It’s been a month so once again here are the top 10 properties currently listed in Burnaby with the largest overall drop in asking price since early March

Some Highlights

It takes a 17% drop to make this top 10, the same as the last 2 months
Three properties from South Slope on the top 10
3 of 9 listings are listed below assessment
#2 continues to earn the award for the Least Descriptive Description in History with “some view”. At least they didn’t make a spelling mistake.
#9 took the time to say “The Buyer should not rely upon listing information without Buyer independently verifying the information.” so in other words, most of the information in this MLS listing is probably BS!

#1 ) Address:8443 13TH AV, East Burnaby, Burnaby

March 09	V933528	$1,888,000	$0	0%
April 11	V933528	$1,500,000	$-388,000	-21%
May 08	V933528	removed
May 11	V949298	$1,399,000	$-489,000	-26%

Assessment: $1,020,000

This spacious custom built home is not to be missed! The upper level has over 1100 sq.ft. and has four bedrooms and 3 bathrooms, while the basement is over 1400 sq.ft. with 3 bedrooms and 2 bathrooms. The main floor is also over 1400 sw.ft. and has a family room, living room, bathroom, dining room, eating nook, and kitchen. The kitchen is open concept with rich, darker cabinets and granite counters. There are two fireplaces on the main level as well, both gas fuelled. Enjoy the outdoor patio and backyard, complete with a detached two car garage. This home is great for families, with great schools and parks within walking distance.

#2 ) Address:7333 BARNET RD, Westridge, Burnaby

April 21	V944674	$999,999	$0	0%
May 05	V944674	$869,900	$-130,099	-13%
May 24	V944674	$795,000	$-204,999	-20%
July 17	V944674	$749,000	$-250,999	-25%

Assessment: $673,700

Some view.

#3 ) Address:# 47 3960 CANADA WY, Burnaby Hospital, Burnaby

March 14	V936828	$349,900	$0	0%
March 28	V936828	$328,800	$-21,100	-6%
April 28	V936828	$314,900	$-35,000	-10%
Open House: May 20
May 23	V936828	removed
May 28	V952738	$275,900	$-74,000	-21%
Open House: Jun 09
Open House: Jun 16
July 31	V952738	removed
August 06	V965295	$265,888	$-84,012	-24%
Open House: Aug 19

Assessment: $259,200

OPEN HOUSE: SUNDAY AUGUST19, 2-4. Beautiful spacious 1 bdrm corner unit with its own private entrance and large patio rarely becomes available in Lodges in popular Cascade Village. Nicely kept unit. Wood burning fireplace gives a country style feeling to this cozy apartment. Top of the line appliances, newer hot water tank, in suite laundry. Complex has a very nice recreation facility with indoor pool, weight room, two theatre rooms & party room looking out to landscaped green area. This kind of unit rarely becomes available.

#4 ) Address:# 311 6820 RUMBLE ST, South Slope, Burnaby

May 30	V953032	$252,900	$0	0%
June 29	V953032	$234,900	$-18,000	-7%
July 13	V953032	$219,900	$-33,000	-13%
July 28	V953032	$209,900	$-43,000	-17%
August 11	V953032	$199,900	$-53,000	-21%

Assessment: $235,900

Great location! Large 1 bedroom unit in “The Mansion” by Polygon. 5 minute walk to Edmonds skytrain station, a few blocks to Highgate Shopping Center, and easy access to hiking trails and bike path. Complex is well managed and has a live in caretaker, exercise room, and hot tub. Complex allows for 1 cat or dog and some rentals. Unit needs some TLC but has a great lay out, fireplace, and large balcony.

#5 ) Address:4361 CARSON ST, South Slope, Burnaby

March 29	V939742	$1,699,000	$0	0%
May 23	V939742	$1,499,000	$-200,000	-12%
June 28	V939742	removed
July 02	V959872	$1,348,888	$-350,112	-21%

Assessment: Unfinished at time of assessment

#6 ) Address:7545 WHELEN CT, Deer Lake, Burnaby

March 09	V932130	$1,877,000	$0	0%
May 16	V932130	$1,777,000	$-100,000	-5%
June 06	V932130	removed
June 11	V955744	$1,499,000	$-378,000	-20%

Assessment: $1,611,000

#7 ) Address:6186 PORTLAND ST, South Slope, Burnaby

March 30	V940192	$1,499,000	$0	0%
April 25	V940192	$1,388,888	$-110,112	-7%
May 23	V940192	$1,249,000	$-250,000	-17%
June 20	V940192	$1,198,888	$-300,112	-20%

Assessment: $1,309,100

This fabulous MultiFamily Duplex actually has a fully finished basement. This is a Money Making Machine that has almost 4600 sqft this home features 8 bedrooms, 5 bathrooms and four kitchens and an income of almost $ 4200 per month !! Many upgrades over the years and is situated on a gorgeous 86 by 133 lot in the prime sought after area of Burnaby South Slope.Property has fabulous south view (all the way to the gulf islands) and huge park-like greenspace lot, walk to the skytrain, and only minutes to Metrotown . These kinds of properties are rare and is zoned R-4 so you can hold now and make a great return and build new duplexes later!! Hurry on This One!! Please call Listing Agent for more details!

#8 ) Address:3816 NAPIER ST, Willingdon Heights, Burnaby

March 09	V922444	$989,800	$0	0%
March 29	V922444	removed
April 09	V941965	$799,000	$-190,800	-19%
Open House: Aug 04
Open House: Aug 12
Open House: Aug 19

Assessment: $706,900

Beautifully finished, modern, spacious, brand new 1/2 duplex in a central location near Boundary. Almost 2,000 sq ft with a one bedroom income suite. 3 bedrooms up, 3.5 baths. Open Aug 19th, 2-4pm.

#9 ) Address:# 1 7188 EDMONDS ST, Edmonds, Burnaby

April 20	V944422	$498,000	$0	0%
May 01	V944422	removed
May 03	V947226	$445,800	$-52,200	-10%
May 24	V947226	removed
May 28	V952963	$428,500	$-69,500	-14%
June 26	V952963	$414,900	$-83,100	-17%
July 25	V952963	removed
July 28	V964197	$409,800	$-88,200	-18%

Assessment: $383,000

Spacious 3 bedroom 2 bathroom corner townhse unit allowing lots of sunshine and light. Freshly decorated with new tiling and counter tops. Has 2 balconies plus a ground level private patio (15X10) for you outdoor living and barbecuing. Located near Edmonds skytrain station bus and Highgate shopping centre, schools and community centre. A must view, this is an outstanding unit. Open~House Sat. 2-4 p.m. All sizes and ages are approx only. The Buyer should not rely upon listing information without Buyer independently verifying the information.

#10 ) Address:7041 WILLINGDON AV, Metrotown, Burnaby

July 02	V959655	$1,450,000	$0	0%
Open House: Jul 08
July 13	V959655	$1,388,000	$-62,000	-4%
July 24	V959655	$1,299,000	$-151,000	-10%
Open House: Aug 05
August 04	V959655	$1,279,000	$-171,000	-12%
August 10	V959655	$1,250,000	$-200,000	-14%
Open House: Aug 11
August 15	V959655	$1,199,000	$-251,000	-17%

Assessment: $1,032,000

Huge lot 51′ x 208′ with back lane access on prime South Slope on quiet street. Close to Central Park & Metrotown! All measurements approximate. Easy to show and ready to move in! Views to the south west, walking distance to Transit. Basement suite is unathorized accommodation.This home was substantially renovated and extended in 1989, currently in excellent condition. Open House on Saturday (Aug 11) 1pm-3pm.

Spotlight Burnaby

Burnaby Spotlight – July 21, 2012

Leave a comment Posted by an observer on July 22, 2012

Here are the top 10 properties currently listed in Burnaby with the largest overall drop in asking price since early March

Some Highlights

It takes a 17% drop to make this top 10, the same as last month and higher than the 15% from two months ago
South Slope is the top area in the list with 3 listings in the top 7 drops
3 of the top 4 listings are empty homes judging by the pictures
3 of the 8 listings with assessment info are now below assessment

Address:8443 13TH AV, East Burnaby, Burnaby

March 09	V933528	$1,888,000	$0	0%
April 11	V933528	$1,500,000	$-388,000	-21%
May 08	V933528	removed
May 11	V949298	$1,399,000	$-489,000	-26%

Assessment: $1,020,000

This spacious custom built home is not to be missed! The upper level has over 1100 sq.ft. and has four bedrooms and 3 bathrooms, while the basement is over 1400 sq.ft. with 3 bedrooms and 2 bathrooms. The main floor is also over 1400 sw.ft. and has a family room, living room, bathroom, dining room, eating nook, and kitchen. The kitchen is open concept with rich, darker cabinets and granite counters. There are two fireplaces on the main level as well, both gas fuelled. Enjoy the outdoor patio and backyard, complete with a detached two car garage. This home is great for families, with great schools and parks within walking distance.

Address:7333 BARNET RD, Westridge, Burnaby

April 21	V944674	$999,999	$0	0%
May 05	V944674	$869,900	$-130,099	-13%
May 24	V944674	$795,000	$-204,999	-20%
July 17	V944674	$749,000	$-250,999	-25%

Assessment: $673,300

Some view.

Address:# 47 3960 CANADA WY, Burnaby Hospital, Burnaby

March 14	V936828	$349,900	$0	0%
March 28	V936828	$328,800	$-21,100	-6%
April 28	V936828	$314,900	$-35,000	-10%
Open House: May 20
May 23	V936828	removed
May 28	V952738	$275,900	$-74,000	-21%
Open House: Jun 09
Open House: Jun 16

Assessment: $259,200

Beautiful, spacious 1 bedroom corner unit with it’s own private entrance & large patio, rarely becomes available in Lodges in popular Cascade Village. Nicely kept unit.Wood burning fireplace gives a country style feeling to this cozy apartment. Top of the line new appliances, newer hot water tank & in suite laundry. Complex has a very nice recreation facility with indoor pool, weight room, 2 theater rooms & party room looking out to landscaped green area. This kind of unit rarely becomes available.

Address:4361 CARSON ST, South Slope, Burnaby

March 29	V939742	$1,699,000	$0	0%
May 23	V939742	$1,499,000	$-200,000	-12%
June 28	V939742	removed
July 02	V959872	$1,348,888	$-350,112	-21%

Assessment: Building Unfinished at time of Assessment

Address:7545 WHELEN CT, Deer Lake, Burnaby

March 09	V932130	$1,877,000	$0	0%
May 16	V932130	$1,777,000	$-100,000	-5%
June 06	V932130	removed
June 11	V955744	$1,499,000	$-378,000	-20%

Assessment: $1,611,000

Address:4891 NEVILLE ST, South Slope, Burnaby

March 09	V932526	$2,188,000	$0	0%
April 09	V932526	$1,939,000	$-249,000	-11%
June 28	V932526	removed
June 30	V959499	$1,749,000	$-439,000	-20%

Assessment: $1,561,000

Immaculate engineered home, south facing front door surround by wrapped around veranda. Near Gray Creek Raving Park. About 15 minutes walk distance to skytrain and Metrotown and high school. Convenient location on 66×132 large lot. One block from Nelson Elementary. 4,736 sq ft 1st class deluxe material, workmanship and finishing throughout, plenty of granites and wood trims, mouldings. Custom designed gourmet kitchen and cobble ceiling to elegant dining room. High ceiling foyer with expensive chandelier. Upstairs rooms with ensuites. View of Richmond and Fraser River. 3 car garage plus open parkings with back lane access. Must see to appreciate. All measurements are approximate, Buyer to verify if required.

Address:6186 PORTLAND ST, South Slope, Burnaby

March 30	V940192	$1,499,000	$0	0%
April 25	V940192	$1,388,888	$-110,112	-7%
May 23	V940192	$1,249,000	$-250,000	-17%
June 20	V940192	$1,198,888	$-300,112	-20%

Assessment: $1,309,100

Address:3816 NAPIER ST, Willingdon Heights, Burnaby

March 09	V922444	$989,800	$0	0%
March 29	V922444	removed
April 09	V941965	$799,000	$-190,800	-19%

Assessment: No Assessment

New 1/2 duplex in a central location. Chance to choose your colors and finishes. Almost 2,000 sq ft with room for an in-law suite. 3 bedrooms up, 3.5 baths.

Address:1881 DUTHIE AV, Montecito, Burnaby

May 16	V950500	$1,228,000	$0	0%
Open House: May 19
Open House: May 20
Open House: May 27
May 26	V950500	$1,199,000	$-29,000	-2%
Open House: Jun 10
June 12	V950500	$1,148,000	$-80,000	-7%
Open House: Jun 17
Open House: Jun 23
Open House: Jun 24
June 20	V950500	$1,078,000	$-150,000	-12%
Open House: Jul 08
July 12	V950500	removed
July 14	V962071	$998,000	$-230,000	-19%
Open House: Jul 22

Assessment: $752,100

Beautifully renovated executive style home, great layout for entertaining guests or relaxing with your family. Three good sized bedrooms up with a deluxe master bdrm & spa en-suite down. Nice indoor outdoor flow from the modern kitchen to a large glass covered balcony with an inclosed family room/solarium, wrap around sliding doors let you enjoy the summer breeze. The private backyard has a large patio with hot tub. The house has been updated over recent years including, roof, windows, hot water tank, bthrms, kitchen, interior and exterior paint. Main floor carpet hides original in-laid oak hardwood. If you love Burnaby you’ll love this location, close to great schools, golf, shopping and restaurants. Open Sun 22nd 2-4pm.

Address:# 339 5695 CHAFFEY AV, Central Park, Burnaby

March 09	V933218	$469,900	$0	0%
March 13	V933218	$459,900	$-10,000	-2%
March 30	V933218	$445,000	$-24,900	-5%
April 11	V933218	removed
April 14	V943074	$445,000	$-24,900	-5%
April 21	V943074	$429,900	$-40,000	-9%
May 11	V943074	removed
May 17	V950694	$418,000	$-51,900	-11%
Open House: May 17
June 23	V950694	$398,000	$-71,900	-15%
July 17	V950694	$389,000	$-80,900	-17%

Assessment: $438,000

Wow! Gem of a deal, listed way below city assessed value. Beautiful, totally renovated home in quiet, Central Park area with over 1300 SF living area. This lovely owner occupied unit features granite countertops, newer appliances. Bright huge living/dining room, spacious master bedrooms w/ensuite & walk in closet, balcony, insuite laundry, 1 parking stall & 1 locker, larger laundry room can double as storage room or den. Walk to best elem school (Cheffey) & High School (Moscrop). Near Metrotown & skytrain. Open house July 7, Saturday, 3:00-5:00 pm

Spotlight Burnaby

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