Vancouver Price Drop

Documenting Vancouver real estate price movements

Category Archives: Spotlight Vancouver West

Vancouver West Attached Spotlight – June 10, 2013

Here are the top 10 most desperate attached properties in Vancouver West.

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:# 2900 1280 RICHARDS ST, Yaletown, Vancouver West

March 07, 2012 V935549 $2,648,800 $0 0%
April 03, 2012 V935549 $2,548,800 $-100,000 -4%
April 14, 2012 V935549 $2,395,000 $-253,800 -10%
July 26, 2012 V935549 removed after 141 days
August 09, 2012 V965537 $2,380,000 $-268,800 -10%
September 25, 2012 V965537 $1,980,000 $-668,800 -25%
December 20, 2012 V965537 removed after 133 days
February 22, 2013 V991943 $2,180,000 $-468,800 -18%
May 06, 2013 V991943 removed after 73 days
May 09, 2013 V1006036 $2,180,000 $-468,800 -18%

v1006036_1

Current Days on Market: 461 (1.26years)
Current ‘Official’ Days on Market: 33
2012 Assessment: $2,284,000
2011 Assessment: $2,462,000
Desperation Score: 28.9

This apartment has been listed for over a year, had the assessment drop by $200K and is listed $200K higher than it was in December…

Welcome to the 29th flr at the Grace. Boasting 2311 sqft of exquisite living space with stunning 360 degree picturesque views of the Vancouver skyline and beyond. Enter directly from the elevator into the inviting foyer, you will be taken aback by the 200 year old reclaimed fir flooring that runs throughout the impressive living spaces. Dining and living rooms are vast with tremendous vistas towards English Bay. The State of the art Kitchen with Sub Zero Fridge, 5 burner gas cooktop and double wall ovens are a chefs dream. 4 outdoor living areas ensure you can enjoy the sun and outlook in every direction. The most exclusive building in Yaletown with biometric security systems, concierge, and amazing facilities. 3 parking incl.


#9 ) Address:2328 SPRUCE ST, Fairview, Vancouver West

May 28, 2011 V890832 $1,810,000 $0 0%
January 01, 2012 V890832 removed after 218 days
January 07, 2012 V923797 $1,810,000 $0 0%
April 21, 2012 V923797 $1,860,000 $0 0%
August 10, 2012 V923797 removed after 216 days
August 18, 2012 V966969 $1,860,000 $0 0%
October 05, 2012 V966969 $1,799,900 $-60,100 -3%
February 07, 2013 V966969 removed after 173 days
February 13, 2013 V989981 $1,699,900 $-160,100 -9%
May 12, 2013 V989981 removed after 88 days
May 21, 2013 V1007949 $1,555,000 $-305,000 -16%

v1007949_1

Current Days on Market: 745 (2.04years)
Current ‘Official’ Days on Market: 21
2012 Assessment: $1,918,000
Desperation Score: 28.9

This townhome has been listed for over 2 years, is currently almost 20% below assessment.  3% in price drops over the first 20 months and  13% more in the last 4 months

Fairview Green, 9 exquisite townhomes located on West 7th at Spruce. 3-Bedroom home spans over 3 levels. Private elevator takes you between garage, living & 3 levels. Patio off kitchen & large roof-deck are pleasant retreats. High-end appliances like SubZero fridges, Wolfe gas cooktops, BI wine fridge & extra-long kitchen isl make home entertainment a breeze. Finely appointed ensuites features rain showerheads, separate deep soaker-tubs & sleek limestone tile. 2 U/G parkings directly accessible from every home, storage locker & bike room. This coveted west-side location affords residents unobstructed views of False Creek & beyond. Pedestrian & bike-friendly as it sits next to a dedicated bike route. MOVE IN NOW!!!


#8 ) Address:# 601 499 DRAKE ST, Yaletown, Vancouver West

September 27, 2007 V670617 $5,599,000 $0 0%
March 13, 2008 V670617 $4,900,000 $-699,000 -12%
April 11, 2008 V670617 removed after 197 days
June 18, 2011 V889173 $6,900,000 $0 0%
August 31, 2011 V889173 removed after 74 days
May 09, 2012 V948740 $6,199,000 $-701,000 -10%
July 31, 2012 V948740 $5,890,000 $-1,010,000 -15%
October 24, 2012 V948740 $5,480,000 $-1,420,000 -21%
January 01, 2013 V948740 removed after 237 days
January 23, 2013 V986624 $4,999,900 $-1,900,100 -28%
May 28, 2013 V986624 removed after 125 days
May 30, 2013 V1009590 $4,880,000 $-2,020,000 -29%

v1009590_1

Current Days on Market: 398 (1.09years)
Current ‘Official’ Days on Market: 12
2012 Assessment: $4,371,000
2011 Assessment: $4,528,000
Desperation Score: 31.9

Sold for $3,540,000 in November 2005 and resold for $3,900,000 million in November 2006 for a net profit after transactional fees of $170K

Sold for $3,900,000 in November 2006 so if sold at current list price the net profit after transactional fees would be $755K

“Priced well below replacement value for immediate sale.” – LOL is all I have to say about that.   They tried to sell the place for $5.6 million for a $1.7 million profit less than a year after they bought it but that failed so they wait 3 and a half years, tack on an extra million and change and are once again surprised to not sell.  The place has now dropped over $2 million and is still well over assessment

The meticulous attention to detail in this two storey Manhattan style home greets you from the moment you enter this 4800 sq. ft. residence from your private elevator. The Cheery wood and custom millwork finishes give a welcoming warm feeling, the handcrafted limestone and mosaic tiles a sense of elegance. Huge floor to ceiling windows and high celiings a sense of space. Three bedrooms with ensuites on the sleeping level are joined by a majestic marbel staircase to the entertainment size living areas and gourmet commercial kitchen. For relaxation: your personal 39 ft. infinity indoor lap pool, hot tub and 7 large sunny patios. Priced well below replacement value for immediate sale.


#7 ) Address:# 403 997 W 22ND AV, Cambie, Vancouver West

February 04, 2009 V751104 $479,000 $0 0%
March 26, 2009 V751104 $469,900 $-9,100 -2%
April 17, 2009 V751104 $463,000 $-16,000 -3%
May 30, 2009 V751104 $449,900 $-29,100 -6%
August 01, 2009 V751104 removed after 178 days
April 07, 2010 V819765 $489,900 $0 0%
April 22, 2010 V819765 $475,000 $-14,900 -3%
May 27, 2010 V819765 $469,000 $-20,900 -4%
June 13, 2010 V819765 $463,000 $-26,900 -5%
July 23, 2010 V819765 removed after 107 days
August 14, 2010 V845970 $459,000 $-30,900 -6%
September 16, 2010 V845970 $449,000 $-40,900 -8%
December 06, 2010 V845970 removed after 114 days
January 14, 2011 V863218 $449,000 $-40,900 -8%
February 17, 2011 V863218 $455,000 $-34,900 -7%
March 16, 2011 V863218 $463,000 $-26,900 -5%
March 17, 2011 V863218 $455,000 $-34,900 -7%
March 31, 2011 V863218 removed after 76 days
May 11, 2011 V887411 $458,800 $-31,100 -6%
May 26, 2011 V887411 $453,800 $-36,100 -7%
June 07, 2011 V887411 $449,900 $-40,000 -8%
June 23, 2011 V887411 $448,000 $-41,900 -9%
July 23, 2011 V887411 $446,000 $-43,900 -9%
July 29, 2011 V887411 removed after 79 days
August 13, 2011 V904833 $443,000 $-46,900 -10%
September 07, 2011 V904833 $440,000 $-49,900 -10%
September 20, 2011 V904833 $438,000 $-51,900 -11%
October 12, 2011 V904833 removed after 60 days
November 03, 2011 V918228 $439,800 $-50,100 -10%
January 14, 2012 V918228 $438,000 $-51,900 -11%
January 31, 2012 V918228 $436,900 $-53,000 -11%
February 22, 2012 V918228 removed after 111 days
March 15, 2012 V937272 $436,000 $-53,900 -11%
April 11, 2012 V937272 $433,900 $-56,000 -11%
May 01, 2012 V937272 removed after 47 days
May 26, 2012 V952668 $439,900 $-50,000 -10%
June 19, 2012 V952668 $433,900 $-56,000 -11%
July 05, 2012 V952668 $430,000 $-59,900 -12%
August 01, 2012 V952668 removed after 67 days
August 16, 2012 V966752 $433,900 $-56,000 -11%
September 07, 2012 V966752 $430,000 $-59,900 -12%
September 18, 2012 V966752 $429,900 $-60,000 -12%
October 11, 2012 V966752 $428,800 $-61,100 -12%
October 20, 2012 V966752 $425,000 $-64,900 -13%
October 31, 2012 V966752 removed after 76 days
November 09, 2012 V979592 $425,000 $-64,900 -13%
November 23, 2012 V979592 $420,000 $-69,900 -14%
December 03, 2012 V979592 removed after 24 days
January 18, 2013 V985775 $428,000 $-61,900 -13%
February 05, 2013 V985775 $423,000 $-66,900 -14%
March 05, 2013 V985775 $419,900 $-70,000 -14%
April 05, 2013 V985775 removed after 77 days
May 09, 2013 V1006006 $419,000 $-70,900 -14%
June 02, 2013 V1006006 $416,000 $-73,900 -15%
June 07, 2013 V1006006 $415,000 $-74,900 -15%

v1006006_1

Current Days on Market: 1161 (3.18years)
Current ‘Official’ Days on Market: 33
2012 Assessment: $389,000
2011 Assessment: $386,000
Desperation Score: 32.0

Listed for over 3 years and in that time have had 32 prices drops, 8 price increases and 13 MLS numbers!!!!!!!  Yet still over assessment…  Worthy of the VancouverPriceDrop hall of fame

The CRESCENT at Shaughnessy!! Top Floor, 700sf, QUIET side of building on a tree lined street facing Douglas Park. Unobstructed Downtown, city & mountain VIEWS from living room & balcony!! Flexible layout features a LARGE master bedroom, living room & dining room, a heated den/flex space (large enough for a single bed), private balcony & LARGE insuite storage room. Luxuriously appointed with engineered hardwood floors, granite countertops, insuite laundry & a cozy electric fireplace. Fully rain screened with balance of 10 year warranty. One large parking stall included. Close to hospital, schools, shopping & transit & short 10 minute walk to Canada Line. Nice newer boutique style building. Great investment potential at $1,700/m.


#6 ) Address:# 207 2893 W 41ST AV, Kerrisdale, Vancouver West

September 30, 2007 V671498 $625,000 $0 0%
November 02, 2007 V671498 removed after 33 days
March 21, 2012 V938186 $849,000 $0 0%
April 13, 2012 V938186 $829,900 $-19,100 -2%
April 24, 2012 V938186 removed after 34 days
May 02, 2012 V946786 $799,900 $-49,100 -6%
June 09, 2012 V946786 $759,000 $-90,000 -11%
June 29, 2012 V946786 $729,000 $-120,000 -14%
August 01, 2012 V946786 removed after 91 days
September 12, 2012 V970532 $699,000 $-150,000 -18%
December 11, 2012 V970532 removed after 90 days
January 09, 2013 V984028 $699,900 $-149,100 -18%
February 21, 2013 V984028 $688,888 $-160,112 -19%
April 01, 2013 V984028 removed after 82 days
April 07, 2013 V999426 $679,000 $-170,000 -20%
May 30, 2013 V999426 $650,000 $-199,000 -23%

v999426_1

Current Days on Market: 447 (1.22years)
Current ‘Official’ Days on Market: 65
2012 Assessment: $592,000
2011 Assessment: $585,000
Desperation Score: 32.0

Yet another listed over a year and looking at the price it isn’t a surprise but wait, “Truly a rare find and in many ways better than new.”

Stunning mid-century modern styled, two bedroom townhouse on Vancouver’s West Side. This 70’s, 19 unit development situated on a large plot of land, features and outdoor pool and gardens. The home is set well back of the street and is drenched in east facing light. Sought after features include a wood-burning fireplace, solid oak hardwood floors, and five large outdoor decks. The entire complex has been upgraded with a new roof, exterior cladding, new windows, and composite decking. Truly a rare find and in many ways better than new. One parking included with additional parking available for rent subject to availability. Open House: Saturday, June 8th 1-3pm


 

#5 ) Address:2046 WHYTE AV, Kitsilano, Vancouver West

June 05, 2008 V713623 $1,998,000 $0 0%
June 12, 2008 V713623 removed after 7 days
May 07, 2010 V828196 $1,980,000 $-18,000 -1%
May 20, 2010 V828196 removed after 13 days
February 06, 2013 V989146 $1,725,000 $-273,000 -14%
March 13, 2013 V989146 $1,580,000 $-418,000 -21%
April 04, 2013 V989146 removed after 57 days
April 07, 2013 V999725 $1,450,000 $-548,000 -27%
April 10, 2013 V999725 $1,399,000 $-599,000 -30%

v999725_1

Current Days on Market: 125 (0.34years)
Current ‘Official’ Days on Market: 65
2012 Assessment: Building Unfinished
Desperation Score: 33.8

2008 and 2010 pricing was for the lot sale (well at least 2010) but this new half duplex is down 30% and $600K in 2 months…

PRIME KITS POINT NEW CONTEMPORARY 1/2 Duplex. Stunning Architecturally designed by Award Winning LOY LEYLAND. Gorgeous tree lined street, 1/2 block to Kits Beach! Executive Rainscreened Home with 2-5-10 year Warranty! SHOWS BEAUTIFULLY! Walk to the trendy 4th Avenue shops, restaurants, the Seawall, Granville Island with easy access Downtown! Open Sat May 8th 2-4pm


#4 ) Address:# 1203 5989 WALTER GAGE RD, University, Vancouver West

December 21, 2007 V681455 $1,390,000 $0 0%
April 01, 2008 V681455 $1,360,000 $-30,000 -2%
September 07, 2008 V681455 removed after 261 days
July 02, 2011 V897697 $1,450,000 $0 0%
November 16, 2011 V897697 $1,390,000 $-60,000 -4%
December 28, 2011 V897697 removed after 179 days
January 11, 2012 V924494 $1,370,000 $-80,000 -6%
March 24, 2012 V924494 $1,290,000 $-160,000 -11%
May 14, 2012 V924494 removed after 124 days
July 07, 2012 V960581 $1,868,000 $0 0%
October 13, 2012 V960581 $2,186,000 $0 0%
March 01, 2013 V960581 removed after 237 days
March 27, 2013 V997597 $1,738,000 $-448,000 -20%
April 30, 2013 V997597 $1,638,000 $-548,000 -25%
May 09, 2013 V997597 $1,678,000 $-508,000 -23%

v997597_1

Current Days on Market: 710 (1.95years)
Current ‘Official’ Days on Market: 76
2012 Assessment: $1,260,000
2011 Assessment: $1,340,000
Desperation Score: 34.4

Listed for almost 2 years and about 33% OVER assessment.  It didn’t sell for $1.29 million up to May of 2012 so they pull the listing and change the price to $1.87 million 2 months later.  That doesn’t work so 3 months later they raise the price by another $320K to $2.186 million and over 70% ABOVE assessment!  In the 2 months since relisting they have come down $500K and 23% although the last price change was an increase so who knows, could be listed for $3 million shortly

Fabulous 270 degree view of ocean, 3 parking stalls, approx 250sq.ft of entertainer size balcony. Designer kitchen with Miele & Sub-Zero appliances. Granite countertops, spa-like bathroom; recent renovation makes the lovely unit just like new!! Call for your private viewing today!


#3 ) Address:# 3801 1495 RICHARDS ST, Yaletown, Vancouver West

April 29, 2009 V763591 $2,499,000 $0 0%
June 04, 2009 V763591 removed after 36 days
January 26, 2012 V927749 $4,980,000 $0 0%
March 06, 2012 V927749 $4,595,000 $-385,000 -8%
May 12, 2012 V927749 $4,198,000 $-782,000 -16%
May 28, 2012 V927749 removed after 123 days
June 06, 2012 V954794 $3,888,000 $-1,092,000 -22%
October 08, 2012 V954794 removed after 124 days
October 20, 2012 V977339 $3,888,000 $-1,092,000 -22%
October 26, 2012 V977339 $3,788,000 $-1,192,000 -24%
November 10, 2012 V977339 $3,998,000 $-982,000 -20%
February 28, 2013 V977339 $3,688,000 $-1,292,000 -26%
May 30, 2013 V977339 removed after 222 days
June 06, 2013 V1010735 $3,588,000 $-1,392,000 -28%

v1010735_1

Current Days on Market: 502 (1.38years)
Current ‘Official’ Days on Market: 5
2012 Assessment: $2,601,000
2011 Assessment: $2,544,000
Desperation Score: 38.3

Sold for $2,099,000 in July 2009 so if sold at current list price the net profit after transactional fees would be $1.35 million

Purchased in 2009 for $2.1 million and then they relist 2 and a half years later for $5 million… makes sense…  We’re now down $1.4 million and 28% but still miles away from reality listing at 1 million above assessment

Feel on top of the world! The only apartment on the top level of this prestigious Yaletown building! Stunning 270 degree water, city and mountain views from this 2500 sqft luxury home. With 3 beds, 4 baths, a chef inspired kitchen with top-of-the-line stainless steel appliances, and granite counter tops this penthouse has it all! Azura II is 38 floors of sheer contemporary beauty, a pinnacle landmark set right at the foot of George Wainborn Park. Home to the Beach Crescent Neighbourhood a magical combination of city and ocean, surrounded by acres of lush landscaped parks and wide-open spaces. Enjoy first class amenities at Super Club including an indoor hot tub, pool, gym, theatre room, concierge services and much more!


#2 ) Address:1419 W 11TH AV, Fairview, Vancouver West

August 15, 2007 V663585 $989,000 $0 0%
January 12, 2008 V663585 removed after 150 days
January 31, 2008 V685802 $979,000 $-10,000 -1%
May 07, 2008 V685802 removed after 97 days
September 14, 2012 V971091 $1,329,000 $0 0%
September 18, 2012 V971091 removed after 4 days
September 20, 2012 V972459 $1,180,000 $-149,000 -11%
October 24, 2012 V972459 $1,036,000 $-293,000 -22%
February 19, 2013 V972459 removed after 152 days
February 22, 2013 V992131 $988,000 $-341,000 -26%
May 09, 2013 V992131 $949,000 $-380,000 -29%
May 10, 2013 V992131 removed after 77 days
May 25, 2013 V1008488 $949,000 $-380,000 -29%

v1008488_1

Current Days on Market: 270 (0.74years)
Current ‘Official’ Days on Market: 17
2012 Assessment: $996,000
2011 Assessment: $962,000
Desperation Score: 38.3

It took 29% in drops to get it below assessment and now they claim “Best value in the Westside”.  Don’t think so

Best value in the Westside. Spacious town home in very chic South Granville ready to move in! Over 1900sqft of living on 4 levels. Contemporary finishes with top of the line, Sub Zero & Miele appliances, generous sized principal rooms and granite counters. This comes with brand new flooring, fresh paint and high ceilings! Steps to shopping, restaurants, and Granville Island. Call today for a private viewing of this unique opportunity!


#1 ) Address:# 3401 1189 MELVILLE ST, Coal Harbour, Vancouver West

June 16, 2007 V653645 $2,295,000 $0 0%
October 01, 2007 V653645 removed after 107 days
October 07, 2009 V791444 $1,788,000 $-507,000 -22%
October 30, 2009 V791444 $1,718,000 $-577,000 -25%
January 29, 2010 V791444 removed after 114 days
January 14, 2012 V925274 $2,188,000 $-107,000 -5%
March 08, 2012 V925274 removed after 54 days
March 12, 2012 V936640 $2,099,000 $-196,000 -9%
May 14, 2012 V936640 removed after 63 days
September 14, 2012 V971181 $2,088,000 $-207,000 -9%
October 17, 2012 V971181 $1,998,000 $-297,000 -13%
November 24, 2012 V971181 $1,850,000 $-445,000 -19%
January 29, 2013 V971181 $1,698,000 $-597,000 -26%
April 01, 2013 V971181 removed after 199 days
April 18, 2013 V1001643 $1,698,000 $-597,000 -26%
May 21, 2013 V1001643 $1,598,000 $-697,000 -30%

v1001643_1

Current Days on Market: 514 (1.41years)
Current ‘Official’ Days on Market: 54
2012 Assessment: $1,633,000
2011 Assessment: $1,676,000
Desperation Score: 39.5

Sold for $1,650,000 in March 2010 so if sold at current list price the net loss after transactional fees would be $138,000 and this is after an “EXTENSIVE COMPLETE UPDATED RENOVATION, MODERN and Contemporary European Design. Brand NEW Miele and Fisher & Paykel stainless steel kitchen appliance package.”… ouch.

AMAZING LUXURY HOME WITH PANORAMIC OCEAN & MOUNTAIN VIEW in every room. 24 hour concierge to assist your needs,the building offers pool, sauna, jacuzzi,gym,large storage space, 2 parking stalls. Steps to Shoppers,Starbucks, Urban fare, 7/11, Waves coffee,medical clinic, Coal Harbour Community Center, parks. Day care is just downstairs.Like brand New-2012 EXTENSIVE COMPLETE UPDATED RENOVATION, MODERN and Contemporary European Design. Brand NEW Miele and Fisher & Paykel stainless steel kitchen appliance package. Air condition, alarm, large patio. full bathroom in every room. Jacuzzi, shower, his and her double sink for master room. Powder room, pantry, laundry ,move in to enjoy

Vancouver West Detached Spotlight – June 6, 2013

Here are the top 10 most desperate detached properties in Vancouver West.  I will go through city by city over the next couple of weeks

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:2923 W 34TH AV, MacKenzie Heights, Vancouver West

February 16, 2012 V931628 $1,898,000 $0 0%
February 29, 2012 V931628 $1,830,000 $-68,000 -4%
March 06, 2012 V931628 $1,760,000 $-138,000 -7%
April 13, 2012 V931628 $1,719,000 $-179,000 -9%
April 25, 2012 V931628 removed after 69 days
April 30, 2012 V946558 $1,668,000 $-230,000 -12%
May 16, 2012 V946558 removed after 16 days
November 09, 2012 V979741 $2,788,000 $0 0%
December 09, 2012 V979741 removed after 30 days
December 10, 2012 V982268 $2,588,000 $-200,000 -7%
April 01, 2013 V982268 removed after 112 days
April 07, 2013 V999393 $2,488,000 $-300,000 -11%

v999393_1

Current Days on Market: 477 (1.31years)
Current ‘Official’ Days on Market: 61
2012 Assessment: Building unfinished at time of assessment
2011 Assessment: $1,623,900

2012 Last Sale: $1,568,000 on 12/May/2012 
Total Profit IF sold for list price: 110K transaction costs and 920K profit on sale = Profit of $810K minus cost of build

Desperation Score: 30.5

This new build is down $300K and if you look at the pictures it is pretty plain to see that this isn’t going to sell anywhere near the current price – this is an ugly home by any measure.  They likely have at least $300K of profit still on the current asking price but I’d expect that to dwindle down to nothing or more likely a loss before it is sold

Price includes GST. Never lived in. Brand new luxurious home in MacKenzie Heights. 10′ on main, high ceiling on upper and 9′ on basement. Open and spacious layout on main. All bedrooms ensuited on upper and possibly one bedroom suite down. Good quality and workmanship throughout. Air con, HRV, stainless steel fridge, stove and dishwasher. Wine cooler. Wok Kitchen. Crystal lightings. Marble countertops in all baths. TV and entertainment unit in Fam Rm. Lawn sprinkler sys. Great location. Priced to sell quick! Act Fast! Open House 2-4 pm Sundays.


#9 ) Address:5730 ATHLONE ST, South Granville, Vancouver West

August 01, 2009 V779865 $1,980,000 $0 0%
October 21, 2009 V779865 $1,849,000 $-131,000 -7%
November 16, 2009 V779865 removed after 107 days
March 27, 2010 V817854 $2,138,800 $0 0%
June 13, 2010 V817854 $2,098,000 $-40,800 -2%
June 23, 2010 V817854 $2,100,000 $-38,800 -2%
July 24, 2010 V817854 removed after 119 days
February 01, 2012 V928522 $4,888,000 $0 0%
May 15, 2012 V928522 $4,488,000 $-400,000 -8%
October 21, 2012 V928522 removed after 263 days
November 04, 2012 V979239 $4,500,000 $-388,000 -8%
January 25, 2013 V979239 $4,298,000 $-590,000 -12%
May 01, 2013 V979239 removed after 178 days
May 21, 2013 V1007033 $4,120,000 $-768,000 -16%
June 06, 2013 V1007033 $3,988,000 $-900,000 -18%

v1007033_1

Current Days on Market: 492 (1.35years)
Current ‘Official’ Days on Market: 17
2012 Assessment: $3,934,000
2011 Assessment: Building Unfnished at time of assessment
Desperation Score: 30.7

This new build is now down $900K and finally is approaching assessment but even after close to a $1 million drop from the initial price they are still probably sitting on $750K of profit if they were to sell at ask

A LUXURY MANSION WHERE CLASSIC MEETS CONTEMPORARY. TRULY A MASTERPIECE IN MOST PRESTIGIOUS SOUTH GRANVILLE. Situated on a beautiful 60×145 LOT (8700 sq ft), this MAGNIFICENT CUSTOM BUILT HOME features 5210 sq ft, 7 generous bedrooms, 6.5 baths & 4 car garage. ATTENTION to detail in workmanship w/exceptional & supreme finishing. OPEN CONCEPT LIVING, 10’ceilings, grand foyer, spacious living & dining room, impressive gourmet kitchen, wok kitchen w/ high-end, motorized cabinetry, Miele, Bosch & Subzero appliances, huge family rm overlooking the PARK-LIKE GARDEN. HUGE rec room, HOME THEATRE, wine cellar, sauna, steam bath, radiant heat, A/C, HRV & secured fenced yard. ERIC HAMBER & OSLER SCHOOL, UBC.


#8 ) Address:1490 BALFOUR AV, Shaughnessy, Vancouver West

February 06, 2010 V808109 $3,500,000 $0 0%
July 01, 2010 V808109 removed after 145 days
July 08, 2010 V840846 $2,990,000 $-510,000 -15%
January 01, 2011 V840846 removed after 177 days
February 02, 2011 V866636 $2,900,000 $-600,000 -17%
April 22, 2011 V866636 $3,100,000 $-400,000 -11%
May 12, 2011 V866636 removed after 99 days
January 18, 2012 V926061 $5,980,000 $0 0%
March 08, 2012 V926061 removed after 50 days
March 12, 2012 V936750 $4,888,000 $-1,092,000 -18%
June 30, 2012 V936750 removed after 110 days
July 27, 2012 V963915 $3,988,000 $-1,992,000 -33%
January 01, 2013 V963915 removed after 158 days
March 29, 2013 V998120 $3,988,000 $-1,992,000 -33%
May 21, 2013 V998120 $3,580,000 $-2,400,000 -40%

v998120_1

Current Days on Market: 506 (1.39years)
Current ‘Official’ Days on Market: 70
2012 Assessment: $3,203,000
2011 Assessment: $3,051,000
2011 Last Sale: $2,980,000 on 21/Apr/2011
Total Profit IF sold for list price: 168,440 transaction costs and 600,000 profit on sale = Profit of 431,560
Desperation Score: 32.6

These morons buy the place for $2.98 million and then relist less than a year later for double at $5.98 million.  That price was not for a custom gold mansion built on the lot – it was for the exact same home.  They have now dropped $2.4 million and hopefully will drop another million or more before it sells

LOCATION! LOCATION! THE FIRST SHAUGHNESSY IS STILL THE BEST ADDRESS IN VANCOUVER, JUST AS IT WAS MORE THAN 100 YEARS AGO WHEN IT WAS FIRST LAID OUT FOR THE GROWING CITY’S POWERFUL AND WEALTHY. PROPERTIES SUCH AS THIS ARE RARE FINDS IN VANCOUVER’S EXCLUSIVE FIRST SHAUGHNESSY DISTRICT. THIS PRIVATE PROPERTY, SHIELDED FOR PRIVACY BY STONE WALLS, HEDGES AND TREES, IS APPROXIMATELY18,000 SQFT WITH AN IMPRESSIVE 144 FOOT FRONTAGE. THIS CLASSIC SHAUGHNESSY HOME RETAINS MUCH OF ITS ORIGINAL CHARACTER – STAINED GLASS WINDOWS, FOUR FIREPLACES AND EXTENSIVE AND ORIGINAL WOOD TRIM. IN ADDITION TO THE MAIN HOUSE THERE IS ALSO A 900 SQFT COACH HOUSE. RENOVATE OR BUILD A BRAND-NEW HOME. DO NOT MISS THIS OPPORTUNITY


#7 ) Address:3390 THE CRESCENT, Shaughnessy, Vancouver West

January 30, 2010 V806985 $17,900,000 $0 0%
August 01, 2010 V806985 removed after 183 days
October 28, 2011 V917626 $31,900,000 $0 0%
September 25, 2012 V917626 removed after 333 days
September 27, 2012 V973696 $22,800,000 $-9,100,000 -29%
January 18, 2013 V973696 $19,900,000 $-12,000,000 -38%
April 16, 2013 V973696 $17,800,000 $-14,100,000 -44%

v973696_1

Current Days on Market: 588 (1.61years)
Current ‘Official’ Days on Market: 253
2012 Assessment: $16,076,000
2011 Assessment: $15,788,000
Desperation Score: 32.7

$14 million drop and counting.  This Vancouver Price Drop hall of famer was apparently purchased for $6 million about 7 or 8 years ago based on some comments from before

Location! In the heart of the 1st Shaughnessy! Rare find 10,516 sf Mansion sets on over One acre in the city’s most exclusive enclave of ‘The Crescent’. The finest and the most prestigious area. Beautiful huge front yard like a private park. Totally rewired and new pipes. The main floor has a grand entry w/a sweeping staircase to second floor. Wok Kitchen, massive living room, & dining room all overlook the garden & pool area. The paneled den, family room & breakfast room open to the large deck which access the garden & pool. The master suite has three dressing rooms, a fireplace. A large recreation room in basement. 5 car garages, a greenhouse & a outdoor pool w/large cab and more.


#6 ) Address:3838 W 50TH AV, Southlands, Vancouver West

August 15, 2012 V966440 $6,000,000 $0 0%
January 12, 2013 V966440 $5,750,000 $-250,000 -4%
April 17, 2013 V966440 $5,000,000 $-1,000,000 -17%
June 02, 2013 V966440 $4,250,000 $-1,750,000 -29%

v966440_1

Current Days on Market: 296 (0.81years)
Current ‘Official’ Days on Market: 296
2012 Assessment: $4,830,000
2011 Assessment: $5,215,000
Desperation Score: 33.3

#6 and #5 are two large lots in the southlands area.  Both are down $1.75 million and their assessment dropped $400K each over the last year.  At their current prices they seem like relatively good deals if you have some deep pockets since they each could be separated into 4 quarter acre lots

Rare opportunity to acquire a single-family development site on the West Side of Vancouver with subdivision potential. This site has 132′ of frontage along both West 50TH and 51ST Avenue and a depth of 297′ with an ideal configuration to be subdivided into four (4) 66′ single-family lots. The Property is located directly across from Point Grey Golf & Country Club. The adjacent property at 3862 West 50TH with the same dimensions is also listed for sale (see MLS# V966447) and can be acquired as a package.


#5 ) Address:3862 W 50TH AV, Southlands, Vancouver West

August 15, 2012 V966447 $6,000,000 $0 0%
January 12, 2013 V966447 $5,750,000 $-250,000 -4%
April 24, 2013 V966447 $5,000,000 $-1,000,000 -17%
June 02, 2013 V966447 $4,250,000 $-1,750,000 -29%

v966447_1

Current Days on Market: 296 (0.81years)
Current ‘Official’ Days on Market: 296
2012 Assessment: $4,830,000
2011 Assessment: $5,215,000
Desperation Score: 33.9

Rare opportunity to acquire a single-family development site on the West Side of Vancouver with subdivision potential. The site has 132′ of frontage along both West 50TH and West 51ST Avenue and a depth of 297′ with an ideal configuration to be subdivided into four (4) 66′ single-family lots. The Property is located directly across from Point Grey Golf & Country Club. The adjacent property at 3838 West 50TH with the same dimensions is also listed for sale (see MLS# V966440) and can be acquired as a package.


#4 ) Address:3450 PUGET DR, Arbutus, Vancouver West

April 17, 2009 V761564 $1,389,000 $0 0%
July 01, 2009 V761564 removed after 75 days
July 19, 2009 V777695 $1,380,000 $-9,000 -1%
August 07, 2009 V777695 removed after 19 days
March 14, 2010 V815179 $3,288,000 $0 0%
June 15, 2010 V815179 removed after 93 days
June 17, 2010 V837363 $3,288,000 $0 0%
July 08, 2010 V837363 $3,480,000 $0 0%
October 31, 2010 V837363 removed after 136 days
November 05, 2010 V857290 $3,480,000 $0 0%
January 25, 2011 V857290 removed after 81 days
January 28, 2011 V865880 $3,380,000 $-100,000 -3%
April 21, 2011 V865880 $3,688,000 $0 0%
May 05, 2011 V865880 removed after 97 days
May 19, 2011 V889194 $3,688,000 $0 0%
October 03, 2011 V889194 removed after 137 days
October 07, 2011 V914344 $3,688,000 $0 0%
February 08, 2012 V914344 $3,495,000 $-193,000 -5%
May 01, 2012 V914344 removed after 207 days
May 21, 2012 V951363 $3,380,000 $-308,000 -8%
July 03, 2012 V951363 removed after 43 days
July 12, 2012 V961551 $3,333,000 $-355,000 -10%
October 01, 2012 V961551 removed after 81 days
October 05, 2012 V975211 $2,980,000 $-708,000 -19%
October 24, 2012 V975211 $3,280,000 $-408,000 -11%
December 04, 2012 V975211 removed after 60 days
December 06, 2012 V982029 $3,280,000 $-408,000 -11%
February 01, 2013 V982029 removed after 57 days
February 13, 2013 V990056 $3,188,000 $-500,000 -14%
May 09, 2013 V990056 removed after 85 days
May 11, 2013 V1006637 $3,130,000 $-558,000 -15%
May 21, 2013 V1006637 $3,188,000 $-500,000 -14%

v1006637_1

Current Days on Market: 1181 (3.24years)
Current ‘Official’ Days on Market: 27
2012 Assessment: $3,166,000
2011 Assessment: $3,386,000
Desperation Score: 36.4

This home has been listed for over 3 years with 12 different MLS numbers (not including 2 MLS numbers for the lot back in 2009), 7 price drops and 4 price increases!  It’s still over $200K higher than the price it had for 3 weeks last October!

PRICE! PRICE! PRICE! A quality built home in a quiet and beautiful street Arbutus area. Over 4,00 SF with 4 ensuites up, beautiful cross hall living and dining room layout on main, spacious kitchen with high-end cabinet, stone counter top, eating area, family room and a den. Basement features media room, sauna, recreation room and 2 bedrooms and 2 baths. Custom designed features included A/C, HRV, steam shower and jacuzzi tub in master bedroom, high efficiency energy saving floor heating system, high ceiling all 3 floors, sub-zero fridge, 4 car garage, etc. School: Carnarvon Elementary School and Prince Of Wales Secondary. Good price and good area. Don’t miss it! All meas approx. Buyers need to verify.


#3 ) Address:2656 W 41ST AV, Kerrisdale, Vancouver West

June 18, 2010 V837762 $929,000 $0 0%
August 13, 2010 V837762 removed after 56 days
March 04, 2012 V935348 $2,488,000 $0 0%
April 11, 2012 V935348 $2,388,000 $-100,000 -4%
April 24, 2012 V935348 $2,260,000 $-228,000 -9%
May 23, 2012 V935348 $1,998,000 $-490,000 -20%
May 28, 2012 V935348 removed after 85 days
May 31, 2012 V953373 $1,955,000 $-533,000 -21%
June 25, 2012 V953373 removed after 25 days
June 29, 2012 V959234 $1,880,000 $-608,000 -24%
September 07, 2012 V959234 removed after 70 days
October 05, 2012 V975091 $2,295,000 $-193,000 -8%
November 13, 2012 V975091 removed after 39 days
November 16, 2012 V980268 $2,088,000 $-400,000 -16%
February 01, 2013 V980268 removed after 77 days
February 23, 2013 V992255 $1,999,000 $-489,000 -20%

v992255_1

Current Days on Market: 460 (1.26years)
Current ‘Official’ Days on Market: 104
2012 Assessment: $1,945,000
2011 Assessment: Building Unfnished at time of assessment
Desperation Score: 39.5

This Kerrisdale home has “HST included” which is great considering the HST is no longer here… way to stay on top of things.  It has been listed for 1.26 years and it’s another home that is still listed above prices it didn’t sell for last year.  They actually pulled the listing and relisted for 20% higher last October!  Brilliant move – you may have sold at $1.9 if you kept the price there but now you’re going to sell for less

Brand new family home in the heart of Kerrisdale. 2-5-10 year warranty. Extra deep 33×134′ lot. Extremely quiet inside. Light, bright & airy; overheight ceilings with skylights throughout. Top of the line appliances: Viking, Subzero. Beautiful dream kitchen perfect for entertaining or great family moments. Floor to ceiling glass sliding doors off kitchen area brings the outdoors in. Meticulous attention to detail from designer tiles to restoration hardware touches. All upstairs bedrooms are ensuite. 2 bdrm basement can be suited w/own laundry. A must see at this spectacular value. Kerrisdale Elem & Pt. grey Sec catchment. Also close to best private schools: Crofton House, St. Georges. HST included.


#2 ) Address:2167 W 34TH AV, Quilchena, Vancouver West

June 25, 2010 V838946 $2,488,000 $0 0%
September 01, 2010 V838946 removed after 68 days
September 24, 2010 V851576 $2,488,000 $0 0%
October 01, 2010 V851576 removed after 7 days
March 08, 2012 V935855 $5,190,000 $0 0%
April 12, 2012 V935855 $4,960,000 $-230,000 -4%
July 13, 2012 V935855 removed after 127 days
July 20, 2012 V962833 $4,690,000 $-500,000 -10%
October 01, 2012 V962833 removed after 73 days
October 05, 2012 V975277 $4,980,000 $-210,000 -4%
January 09, 2013 V975277 $4,650,000 $-540,000 -10%
January 31, 2013 V975277 removed after 118 days
February 06, 2013 V988850 $4,480,000 $-710,000 -14%
May 02, 2013 V988850 removed after 85 days
May 09, 2013 V1005716 $3,990,000 $-1,200,000 -23%

v1005716_1

Current Days on Market: 456 (1.25years)
Current ‘Official’ Days on Market: 29
2012 Assessment: $3,611,000
2011 Assessment: $3,439,000
Desperation Score: 40.0

This home has dropped $1.2 million after raising their price by $2.7 million following a renovation

Elegantly renovated over 5,000 sq ft luxury living sitting on over 8,500sq ft lot in Vancouver Quilchena cul-de-sac area. South facing. Magnificent water and mountain view from the above level. Grand high ceiling foyer, large and unique design kitchen with brand new high-end appliances. Very Cozy family room, and modern living area. 4 spacious bedrooms up/each with its en suite. Separated entrance basement has media room, wet bar, pool game recreation center, fitness and sauna spa room. Huge line-accessed garage. Japanese garden and north facing private yard. Close to school and community center. School catchment is PG Secondary.


#1 ) Address:1010 W 57TH AV, South Granville, Vancouver West

April 09, 2012 V941837 $6,988,000 $0 0%
July 07, 2012 V941837 $5,988,000 $-1,000,000 -14%
January 16, 2013 V941837 removed after 282 days
January 25, 2013 V987185 $5,488,000 $-1,500,000 -21%
April 24, 2013 V987185 $4,999,888 $-1,988,112 -28%
May 10, 2013 V987185 $4,388,888 $-2,599,112 -37%
June 02, 2013 V987185 $3,999,888 $-2,988,112 -43%

v987185_1

Current Days on Market: 424 (1.16years)
Current ‘Official’ Days on Market: 133
2012 Assessment: $3,353,000
2011 Assessment: $3,152,000
Desperation Score: 50.8

And in first place is this home in South Granville which has dropped 43% and $3 million in a little over a year.  “Please don’t be discouraged by Oak st traffic, built sound proof.” and “easy access to Richmond” 

A truly master piece built by experienced west side builder, Tamanna Holdings. Magnificent custom built quality home located in prestigious South Granville location. Please don’t be discouraged by Oak st traffic, built sound proof. This executive comes with a total of 6880 SF (6128 +750 LWH mentioned in floor area finished bsmt) & consists of 10 bedrooms, 10 bathrooms & 4 kitchens. High end appliances, gourmet kitchen, wok kitchen, wet bar, home theatre, outdoor heated swimming pool, hot tub, steam bath in & outdoor waterfall, central AC, HRV, fenced yard & everything you could think of Churchill Sec, UBC, shopping, transit, easy access to Richmond. Absolute superb quality, design & workmanship. Definitely a pride of ownership.

Vancouver West Spotlight – November 8, 2012

It’s been a month so once again here are the top 10 properties currently listed in Vancouver West 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

Update: I forgot to post the picture

Some Highlights

  • It takes a 24% drop to make this top 10.  The previous 4 months were 23%, 23%, 22% and 20%
  • 4 of 9 listings are now below assessment

#10 ) Address:# C1 1500 HORNBY ST, Yaletown, Vancouver West

February 24 V933540 $628,000 $0 0%
February 27 V933540 $569,000 $-59,000 -9%
May 16 V933540 $564,900 $-63,100 -10%
June 20 V933540 $529,900 $-98,100 -16%
July 19 V933540 $479,900 $-148,100 -24%
September 18 V933540 removed
September 21 V972750 $479,900 $-148,100 -24%

Assessment: $462,000

10 units sold in this apartment last year for an average of 9% ABOVE assessment and this unit is currently listed at 4% ABOVE assessment

Street access office or retail space in prime Yaletown location. Great opportunity to own commercial space in a busy location. Property:825 sqft of office/retail space, double-wide frontage w/direct access, partitioned into 4 offices.Located a block away from the Marina& seabus & transportation. Includes 2secure parking spaces and street parking is readily available. Currently owner occupied business. Great holding property for the savvy investor. Building offers great amenities (pool, hot tub, gym etc.). TRY YOUR OFFER -Owner will consider renovation and/or improvement credit for future buyer! JUNE rent rates, you would see NET $33,000/annum, this would show a 6% CAP RATE at the current list price! **See V4032709


#9 ) Address:769 W 61ST AV, Marpole, Vancouver West

June 29 V959332 $2,480,000 $0 0%
Open House: Jul 15
Open House: Sep 09
Open House: Sep 16
September 18 V959332 $2,380,000 $-100,000 -4%
Open House: Sep 22
Open House: Sep 30
October 02 V959332 removed
October 18 V977024 $2,090,000 $-390,000 -16%
Open House: Oct 20
Open House: Oct 21
November 01 V977024 $1,890,000 $-590,000 -24%
Open House: Nov 03
Open House: Nov 04

Assessment: $1,770,000

South facing with an excellent floor plan in Marpole neighbourhood. This large family home is situated on a quiet & beautiful street, convenient location to Churchill Secondary, Laurier Elementary, community centre, shopping mall, public transit & more. Huge lot 44×122′, with almost 3500 sq ft of interior living, 4 bedrooms up, 1 bdrm on main & 2 bdrm suite for mortgage helper/nanny’s quarter. This home is well maintained & has some updates. 3 car garage & a private fenced yard. A pleasure to view.


#8 ) Address:356 W 62ND AV, Marpole, Vancouver West

March 09 V930742 $2,190,000 $0 0%
June 08 V930742 removed
July 06 V960379 $1,880,000 $-310,000 -14%
October 25 V960379 $1,650,000 $-540,000 -25%

Assessment: $1,283,800

Live in the house and enjoy the privacy and convenient the location is offering buy this house with other houses in intire block for investment remember it is cambie corridor soon or later will be high end redevelopment it is really a wonderfull opprtunity for the builder and investor who is willing to invest and wait until the plan arrive the seller have been living in this house for many years and enjoy the privacy and the freedom of moving around without waittiong for transpotation the love tio stay at the house ifit is possible as tenant


#7 ) Address:# 2900 1280 RICHARDS ST, Yaletown, Vancouver West

March 09 V935549 $2,648,800 $0 0%
April 03 V935549 $2,548,800 $-100,000 -4%
April 14 V935549 $2,395,000 $-253,800 -10%
July 26 V935549 removed
August 09 V965537 $2,380,000 $-268,800 -10%
Open House: Aug 10
Open House: Aug 11
Open House: Aug 12
Open House: Aug 17
Open House: Aug 24
Open House: Aug 26
September 25 V965537 $1,980,000 $-668,800 -25%
Open House: Sep 28
Open House: Sep 29
Open House: Oct 05
Open House: Oct 19
Open House: Oct 20

Assessment: $2,462,000

7 sales in this apartment for an average of 1% BELOW assessment.  This unit is currently almost 20% BELOW assessment!

This is the entire 29th floor Of the Grace Residence. With 360 degree city, ocean and mountain views, this beautiful 1 bedroom and den 3 bath home comes with 3 parking and a locker. Has 200 yr old reclaimed pine floors from Quebec. A hand carved limestone gas fireplace that fills the room with warmth. Air conditioning to keep you cool on those hot summer days. Bright & spacious living and dinning area, 48 inch Sub Zero fridge, doublewall ovens and a 5-burner gas cooktop makes this home perfect for entertaining. Amenities include an indoor-outdoor lap pool, a hot tub and sauna a play ground and gym facility. With biometric security systems (thumb print fobs) and a concierge this is a one of a kind wonderful home.


#6 ) Address:2055 ACADIA RD, University, Vancouver West

June 11 V955804 $5,888,000 $0 0%
August 31 V955804 removed
October 18 V977077 $4,850,000 $-1,038,000 -18%
Open House: Oct 21
Open House: Oct 20
Open House: Oct 27
Open House: Oct 28
Open House: Nov 03
Open House: Nov 04
November 07 V977077 $4,300,000 $-1,588,000 -27%

Assessment: $4,376,900

Rarely available (112.7′ width x 165 depth) total 18,596sft large quiet flat corner lot in UBC prestigious neighborhood. It’s a beautiful place to live in or to build your dream home.


#5 ) Address:# 202 8775 CARTIER ST, Marpole, Vancouver West

April 30 V946467 $289,000 $0 0%
June 27 V946467 $269,000 $-20,000 -7%
Open House: Jun 30
August 30 V946467 removed
November 04 V979115 $210,000 $-79,000 -27%

Assessment: $280,400

3 sales here last year averaging 4% BELOW assessment and this unit is currently 25% BELOW assessment

NO SIGN! Prime Marpole location. Quiet, bright southeast corner 1 bedroom apartment in the ‘Cartier House’. Also includes an enclosed balcony which is not include in the 670 sq.ft with views of Marpole Park, maple cabinets in the kitchen & hallway, newer appliances, gas fireplace with glass doors, marble tiles & maple mantle, closet organizers, mirrored bi-fold doors and more. One parking stall. One storage locker. No pets. Rentals allowed with restrictions. Lobby, boiler & hot water tank 2009. Roof 2008. Piping 2001. Quick completion possible.


#4 ) Address:3390 THE CRESCENT, Shaughnessy, Vancouver West

October 27 V917626 $31,900,000 $0 0%
September 25 V917626 removed
September 27 V973696 $22,800,000 $-9,100,000 -29%

Assessment: $15,788,000

Location! In the heart of the 1st Shaughnessy! Rare find 10,516 sf Mansion sets on over One acre in the city’s most exclusive enclave of ‘The Crescent’. The finest and the most prestigious area. Beautiful huge front yard like a private park. Totally rewired and new pipes. The main floor has a grand entry w/a sweeping staircase to second floor. Wok Kitchen, massive living room, & dining room all overlook the garden & pool area. The paneled den, family room & breakfast room open to the large deck which access the garden & pool. The master suite has three dressing rooms, a fireplace. A large recreation room in basement. 5 car garages, a greenhouse & a outdoor pool w/large cab and more.


#3 ) Address:4898 FANNIN AV, Point Grey, Vancouver West

March 09 V899955 $13,980,000 $0 0%
June 22 V899955 removed
July 07 V960623 $12,880,000 $-1,100,000 -8%
October 27 V960623 $9,980,000 $-4,000,000 -29%

Assessment: $9,145,000

Majestic! A rare chance to own an over 1 acre lushly garden estate in the most sought after Point Grey area. This elegant private residence showcased beautifully park-like, mountain & water view. Over 8,100 sq ft of tastefully decorated living area w/7 bedrooms, cross hall formal dining room & living room w/conservatory, open concept gourmet kitchen w/spacious eating area & family room, recreation room w/steam bath, enchanting garden & heated outdoor pool w/entertainment sized BBQ patio. Bonus: a coach house for your guest.


#2 ) Address:3311 W 39TH AV, Dunbar, Vancouver West

August 04 V965119 $1,880,000 $0 0%
August 17 V965119 $1,750,000 $-130,000 -7%
August 27 V965119 removed
August 29 V968373 $1,499,000 $-381,000 -20%
October 12 V968373 $1,399,000 $-481,000 -26%
October 27 V968373 $1,325,000 $-555,000 -30%

Assessment: $1,364,000

Excellent property to develop & build in desirable Dunbar. Close to shopping, great public/private schools & internationally renowned UBC. Priced to sell, this RS-5 zoned 46X104.7′ (4,816 sq/ft) vacant lot is ready for your plans & to build now. This subdivided lot was originally part of the “Morrisette farmhouse” at 5503 Blenheim St & is available for sale by its self & is not contingent on the sale of 5503 Blenheim St. For full property info please review with City of Vancouver building & dev dept to review heritage revitalization agreement & designation specifics as to what can be built out now. All measurements are approx. buyer to verify.


#1 ) Address:# 1602 1835 MORTON AV, West End, Vancouver West

March 09 V921674 $1,388,000 $0 0%
March 26 V921674 removed
April 04 V941051 $1,388,000 $0 0%
June 06 V941051 $1,750,000 $0 0%
August 22 V941051 removed
September 09 V970117 $1,100,000 $-650,000 -37%
October 12 V970117 $998,000 $-752,000 -43%

Assessment: No Assessment Available

Sophisticated buyers looking for a trophy Waterfront location overlooking English Bay need look no further. Ocean Towers is a landmark Century Modern oceanfront bldg. Masterfully transformed 2 BR 2 bath home now presents as a grand 1 BR w/sep/office/flex space. Jaw-dropping view out over the sandy Beach, the Bay to Point Grey & Gulf Islands beyond. W Hotel style master ensuite off the king-size BR. Luxe 3 pce guest bath. High end open plan kitchen w/yards of quartz & marble counters & gleaming SS appls. Made for entertaining. Custom millwork thru out. Smart home lighting, solar shades, H/W floors new dble glazed Windows. Steps to beach Seawall, cafes shops & Stanley Park. For those who can afford the best, call for private apt.

Vancouver West Spotlight – October 1, 2012

It’s been a month so once again here are the top 10 properties currently listed in Vancouver West 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.  I’ll try to wrap up the remaining spotlights tonight along with the weekly drop

Some Highlights

  • It takes a 23% drop to make this top 10.  The previous 4 months were 23%, 22%, 20% and 20%
  • 3 of 8 listings are now below assessment
  • #3 is currently listed at a price that would result in a $300K loss from what they purchased it for last year

#10 ) Address:# 601 1111 HARO ST, West End, Vancouver West

February 23 V933456 $650,000 $0 0%
March 16 V933456 $620,000 $-30,000 -5%
April 26 V933456 $599,000 $-51,000 -8%
June 09 V933456 $590,000 $-60,000 -9%
June 16 V933456 $570,000 $-80,000 -12%
July 19 V933456 $525,000 $-125,000 -19%
July 26 V933456 $499,000 $-151,000 -23%

Assessment: $545,000

1 unit sold in this apartment last year for 2% ABOVE assessment and this unit is currently listed for 8% BELOW assessment

Perfect location in the west end, 1 block from Robson St., just steps from unlimited amenities: shopping, restaurants, theater, transportation. 1,050 sq.ft. of living space with large rooms, separate bedrooms, floor to ceiling windows, cozy gas fireplace. Well run building with pro-active strata council features gym, media room social room, secure underground parking. Now priced right & ready for your creative updates!


#9 ) Address:2575 W 7TH AV, Kitsilano, Vancouver West

March 09 V933326 $1,790,000 $0 0%
May 01 V933326 removed
May 04 V947401 $1,689,000 $-101,000 -6%
Open House: May 19
Open House: May 20
Open House: May 26
Open House: Jun 03
Open House: Jun 10
Open House: Jun 17
Open House: Jun 24
Open House: Jul 07
Open House: Jul 14
July 16 V947401 removed
August 04 V965253 $1,398,000 $-392,000 -22%
Open House: Aug 04
Open House: Aug 05
Open House: Aug 07
Open House: Aug 11
Open House: Aug 12
Open House: Aug 14
Open House: Aug 18
Open House: Aug 19
Open House: Aug 25
Open House: Aug 26
Open House: Sep 02
Open House: Sep 08
September 05 V965253 removed
September 09 V969843 $1,373,000 $-417,000 -23%
Open House: Sep 11
Open House: Sep 15
Open House: Sep 16
Open House: Sep 18
Open House: Sep 22
Open House: Sep 23
Open House: Sep 25
Open House: Sep 29
Open House: Sep 30

Assessment: Unfinished

The realtor / owner of this unit, Philip Chan, was on the news lying about the extent of the price drop and current price, saying things like “how much could it drop?”, indicating it can’t drop more than 10 or 12% and best of all “Nobody can predict the future, so if you see that the market is healthy enough and you can afford to do it, do it. You can either sit by the ballpark and you watch the game or you can go down and play the game. You might get hurt or you might win.”.  Yeah, he said that.  See more of the hilarity that is Philip Chan on this site: http://vreaa.wordpress.com/2012/09/23/realtorspeculator-on-the-national-trying-to-sugar-coat-the-ugly-reality-that-prices-are-tanking/

Brand new front unit in this beautiful triplex in Kitsilano with an exclusive south facing front yard, perfect for summer BBQs. Features an open floor plan with 1,721 SqFt living area, 3 bedrooms upstairs, 2.5 bathrooms, and 1 underground parking with a unique turntable parking feature! This home features quality luxury finishes, excellent craftsmanship & woodwork throughout, high coffered ceiling, Wainscot panelling, and rich hardwood wide plank flooring. Gourmet kitchen features granite slab countertops and stainless steel Viking appliances. Convenient location, close to restaurants, shopping, schools, and beaches. Strata Plan shows 1,628 SqFt. Under 2-5-10 Warranty.


#8 ) Address:# C1 1500 HORNBY ST, Yaletown, Vancouver West

February 24 V933540 $628,000 $0 0%
February 27 V933540 $569,000 $-59,000 -9%
May 16 V933540 $564,900 $-63,100 -10%
June 20 V933540 $529,900 $-98,100 -16%
July 19 V933540 $479,900 $-148,100 -24%
September 18 V933540 removed
September 21 V972750 $479,900 $-148,100 -24%

Assessment: $462,000

10 units sold in this apartment last year for an average of 9% ABOVE assessment and this unit is currently listed at 4% ABOVE assessment and initially listed at 37% ABOVE assessment!  This one is a little odd since it is a store front, not an apartment which is a first for the Weekly Drop.  ”TRY YOUR OFFER -Owner will consider renovation and/or improvement credit for future buyer”

Street access office or retail space in prime Yaletown location. Great opportunity to own commercial space in a busy location. Property:825 sqft of office/retail space, double-wide frontage w/direct access, partitioned into 4 offices.Located a block away from the Marina& seabus & transportation. Includes 2secure parking spaces and street parking is readily available. Currently owner occupied business. Great holding property for the savvy investor. Building offers great amenities (pool, hot tub, gym etc.). TRY YOUR OFFER -Owner will consider renovation and/or improvement credit for future buyer! JUNE rent rates, you would see NET $33,000/annum, this would show a 6% CAP RATE at the current list price! **See V4032709


#7 ) Address:# 2900 1280 RICHARDS ST, Yaletown, Vancouver West

March 09 V935549 $2,648,800 $0 0%
April 03 V935549 $2,548,800 $-100,000 -4%
April 14 V935549 $2,395,000 $-253,800 -10%
July 26 V935549 removed
August 09 V965537 $2,380,000 $-268,800 -10%
Open House: Aug 10
Open House: Aug 11
Open House: Aug 12
Open House: Aug 17
Open House: Aug 24
Open House: Aug 26
September 25 V965537 $1,980,000 $-668,800 -25%
Open House: Sep 28
Open House: Sep 29

Assessment: $2,462,000

7 sales in this apartment for an average of 1% BELOW assessment.  This unit is currently almost 20% BELOW assessment!  I doubt the owner could have imagined listing this for under $2 million just 6 months ago.

This is the entire 29th floor Of the Grace Residence. With 360 degree city, ocean and mountain views, this beautiful 1 bedroom and den 3 bath home comes with 3 parking and a locker. Has 200 yr old reclaimed pine floors from Quebec. A hand carved limestone gas fireplace that fills the room with warmth. Air conditioning to keep you cool on those hot summer days. Bright & spacious living and dinning area, 48 inch Sub Zero fridge, doublewall ovens and a 5-burner gas cooktop makes this home perfect for entertaining. Amenities include an indoor-outdoor lap pool, a hot tub and sauna a play ground and gym facility. With biometric security systems (thumb print fobs) and a concierge this is a one of a kind wonderful home.


#6 ) Address:4255 HIGHBURY ST, Dunbar, Vancouver West

March 09 V931539 $3,888,888 $0 0%
March 23 V931539 removed
March 26 V939234 $3,388,000 $-500,888 -13%
May 16 V939234 $2,988,000 $-900,888 -23%
September 07 V939234 removed
September 09 V970357 $2,888,000 $-1,000,888 -26%
Open House: Sep 15

Assessment: $2,437,000

Down 26% and a million dollars yet still almost half a million over assessment… keep on going

Sold for $2.338M in December, 2012

Lovely West side family home on a quiet street in sought after Dunbar neighborhood. Close to Crofton & St George’s private schools. Pt Grey High School & UBC. Walking distance to Elementary school, shopping, transit, parks & easy access to public & private golf courses, recreation, equestrian facilities, Pacific Spirit Park. Home is situated on a large corner lot with lane access which zoning allows for a coach house. Great floor plan with functional & spacious living, dining, eating, family room. 5 good sized bedrooms, 4 washrooms including massive ensuite washroom, plus bonus rooftop deck. Call now for your private showing. OPEN HOUSE 2-4 PM SAT SEPTEMBER 15


#5 ) Address:3403 W 41ST AV, Dunbar, Vancouver West

February 03 V929605 $3,688,000 $0 0%
June 23 V929605 $3,399,000 $-289,000 -8%
July 18 V929605 $3,350,000 $-338,000 -9%
August 23 V929605 removed
August 25 V967928 $2,688,000 $-1,000,000 -27%
Open House: Sep 07

Assessment: $2,469,000

Well appointed custom European design home approx 6000 SF. Double lot 66×169′ south facing in prime Dunbar area! This is not a cookie cutter home. European builder using very best European meter & throughout. A newly renovated chef’s dream kitchen w/granite countertops, commercial grade stainless steel appliances, solid hickory wood cabinets & pantry plus too much to mention. Total 12 bedrooms including a legal suite & loft. 8 bathrooms, 3 car garage with 5 uncovered parking spaces. Lifetime warranty on metal roof! Beautiful solid granite water fountain welcomes you to this very special property & classic home! Public open Sun Sept 9, 2-4pm or call for your very private viewing. Thank you!


#4 ) Address:3390 THE CRESCENT, Shaughnessy, Vancouver West

October 27 V917626 $31,900,000 $0 0%
September 25 V917626 removed
September 27 V973696 $22,800,000 $-9,100,000 -29%

Assessment: $15,788,000

$9 million dollar price drop yet still $7 million over assessment!  Only in Vancouver!

Location! Location!! Location!!! In the heart of the 1st Shaughnessy! Rare find 10,516 sf Mansion sets on over One acre in the city’s most exclusive enclave of ‘The Crescent’. The finest and the most prestigious area. Beautiful huge front yard like a private park. Totally rewired with new pipes. The main floor has a grand entry w/a sweeping staircase to second floor. Wok Kitchen, massive living room, & dining room all overlook the garden & pool area. The paneled den, family room & breakfast room open to the large deck which access the garden & pool. The master suite has three dressing rooms, a fireplace. A large recreation room in basement. 5 car garages, a greenhouse & a outdoor pool w/large cab and more.


#3 ) Address:4490 BLENHEIM ST, MacKenzie Heights, Vancouver West

March 09 V924620 $2,380,000 $0 0%
May 14 V924620 removed
June 14 V956324 $1,998,000 $-382,000 -16%
Open House: Jun 16
August 03 V956324 $1,838,000 $-542,000 -23%
September 24 V956324 removed
September 26 V973380 $1,698,000 $-682,000 -29%

Assessment: $1,716,000
Last Sale: $1,920,000 on 30/May/2011
Total Loss IF sold for list price: 94,544 transaction costs and 222,000 loss on sale = LOSS of 316,544

They tried to flip it for a $350K profit but instead are looking at a > $300K loss.  Ridiculous greed being punished is the kind of stuff that puts a smile on my face and I’m loving the CAPS!

BEAUTIFUL BIG LOT AT CORNER of W 29TH AVE & Blenheim in PRESTIGEOUS MacKenzie Heights area! Lot SIZE 56.10X122, UPDATED home with newer kitchen & S/S appliances, newer flooring & bathrooms, newer double-glazed windows, functional layout with 4 generous sized bdrm up, elegant living & dining rm, 2 bdrm suite in bsmt is great for mortgage helper. CLOSE TO ST. GEORGE’S & CROFTON HOUSE PRIVATE SCHOOLS, PW HIGH SCHOOL, UBC, shopping & transit. To hold or build a 4790 sf new home, MUST SEE!


#2 ) Address:# 310 1455 ROBSON ST, West End, Vancouver West

May 28 V952859 $402,000 $0 0%
June 22 V952859 removed
July 18 V962408 $257,000 $-145,000 -36%

Assessment: $248,900

2 sales in this property last year averaging assessment value and this unit is still listed for 3% ABOVE assessment after a 36% drop!  440 sqft and 28 years old… at least they lowered their price from the initial $900+/sqft!!!!  “Plumbed for insuite laundry”, guess they are getting a little desperate for positive things to say about the place.

West end freehold studio suite in concrete low-rise. On transit route & just steps from Stanley Park & all that Robson & Denman have to offer. Plumbed for insuite laundry. Low management fee. Pets & rentals OK.


#1 ) Address:# 1602 1835 MORTON AV, West End, Vancouver West

March 09 V921674 $1,388,000 $0 0%
March 26 V921674 removed
April 04 V941051 $1,388,000 $0 0%
June 06 V941051 $1,750,000 $0 0%
August 22 V941051 removed
September 09 V970117 $1,100,000 $-650,000 -37%

Assessment: No assessment

Just bizarre pricing on this unit

Sophisticated buyers looking for a trophy Waterfront location overlooking English Bay need look no further. Ocean Towers is a landmark Century Modern oceanfront bldg. Masterfully transformed 2 BR 2 bath home now presents as a grand 1 BR w/sep/office/flex space. Jaw-dropping view out over the sandy Beach, the Bay to Point Grey & Gulf Islands beyond. W Hotel style master ensuite off the king-size BR. Luxe 3 pce guest bath. High end open plan kitchen w/yards of quartz & marble counters & gleaming SS appls. Made for entertaining. Custom millwork thru out. Smart home lighting, solar shades, H/W floors new dble glazed Windows. Steps to beach Seawall, cafes shops & Stanley Park. For those who can afford the best, call for private apt.

Vancouver West Spotlight – August 26, 2012

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

Some Highlights

  • It takes a 23% drop to make this top 10, up from 22%, 20% and 20% the three previous months
  • 2of 9 listings with assessment are now listed below assessment
  • Three listings are from the West End
  • #1 is quite amazing… an apartment that has dropped $2.8 million and 37% yet still is $700K over assessment.  A poster had also indicated that this unit may have been unoccupied for many years.  At $3K/month for property tax and maintenance fees that’s quite a large chunk of change
  • #2 initially listed their old apartment for about 65% above assessment… that didn’t work…
  • #3 and #4 have both recently joined the “If I lost a million dollars” club
  • #6 is a new build in Kerrisdale – you have to think they are in the red already for this place after $608K in reductions
  • #8 says “TRY YOUR OFFER – Owner will consider renovation and/or improvement credit for future buyer!”
  • Got to love the honesty in #9.  After $151K in reductions they now say “Now priced right”

#1 ) Address:# 5 1483 BEACH AV, West End, Vancouver West

March 09 V903565 $7,500,000 $0 0%
April 08 V903565 removed
April 18 V944049 $6,900,000 $-600,000 -8%
May 30 V944049 $5,999,000 $-1,501,000 -20%
June 20 V944049 $5,899,000 $-1,601,000 -21%
July 31 V944049 $5,799,950 $-1,700,050 -23%
August 14 V944049 $4,950,000 $-2,550,000 -34%
August 17 V944049 $4,695,000 $-2,805,000 -37%

Assessment: $3,967,000

Imagine an Italian Penthouse villa on Beach Avenue & private rooftop terrace overlooking Sunset Beach & English Bay… Boutique style luxury designed by Paul Merrick with giving you a sense of intimacy, privacy & security un-paralleled in Downtown Vancouver. A true work of art — Offering the epitome of world class living that exudes the utmost quality, high end finishes, craftsmanship, custom millwork & attention to detail throughout. Located minutes from English Bay, Vanier & Stanley Park, Sunset Beach, gourmet restaurants and shops.


#2 ) Address:# 310 1455 ROBSON ST, West End, Vancouver West

May 28 V952859 $402,000 $0 0%
June 22 V952859 removed
July 18 V962408 $257,000 $-145,000 -36%

Assessment: $248,900

West end freehold studio suite in concrete low-rise. On transit route & just steps from Stanley Park & all that Robson & Denman have to offer. Plumbed for insuite laundry. Low management fee. Pets & rentals OK.


#3 ) Address:305 W 13TH AV, Mount Pleasant, Vancouver West

June 20 V957477 $2,800,000 $0 0%
July 07 V957477 $1,798,000 $-1,002,000 -36%
July 26 V957477 removed
July 29 V964349 $1,798,000 $-1,002,000 -36%

Assessment: $1,687,900

Prime City Hall Revenue Property. Heritage B 5 plex with Approx $69k per annum gross rents. Corner lot at Alberta & West 13th Avenue. House has brand new roof and new exterior paint. Circa 1900 the property is also approved to be converted to a strata duplex. Leave as is or convert. Property is pending subdivision with 2887 Alberta Street making the new lot size 50 x 80. All offers subject to Subdivision approval. The subdivided portion of 2887 Alberta (MLS #V961391) also available with approval to build a duplex In Fill of approx 2443 sq.ft.


#4 ) Address:3403 W 41ST AV, Dunbar, Vancouver West

February 03 V929605 $3,688,000 $0 0%
June 23 V929605 $3,399,000 $-289,000 -8%
July 18 V929605 $3,350,000 $-338,000 -9%
August 23 V929605 removed
August 25 V967928 $2,688,000 $-1,000,000 -27%

Assessment: $2,469,000

Well appointed custom European design home approx 6000 SF. Double lot 66×169′ south facing in prime Dunbar area! This is not a cookie cutter home. European builder using very best European meter & throughout. A newly renovated chef’s dream kitchen w/granite countertops, commercial grade stainless steel appliances, solid hickory wood cabinets & pantry plus too much to mention. Total 12 bedrooms including a legal suite & loft. 8 bathrooms, 3 car garage with 5 uncovered parking spaces. Lifetime warranty on metal roof! Beautiful solid granite water fountain welcomes you to this very special property & classic home! Public open Sun Sept 9, 2-4pm or call for your very private viewing. Thank you!


#5 ) Address:1909 TRAFALGAR ST, Kitsilano, Vancouver West

March 09 V931179 $1,880,000 $0 0%
March 13 V931179 $1,790,000 $-90,000 -5%
March 26 V931179 removed
March 31 V940272 $1,790,000 $-90,000 -5%
April 18 V940272 $1,688,000 $-192,000 -10%
May 18 V940272 $1,628,900 $-251,100 -13%
Open House: May 19
Open House: May 26
Open House: Jun 02
June 13 V940272 $1,574,500 $-305,500 -16%
Open House: Jun 21
Open House: Jun 24
June 23 V940272 $1,499,000 $-381,000 -20%
Open House: Jun 26
Open House: Jul 07
July 14 V940272 $1,449,900 $-430,100 -23%
Open House: Jul 14
August 04 V940272 $1,398,000 $-482,000 -26%

Assessment: $1,208,800

Legal Duplex Home w/ Three (3) Suites has been Meticulously maintained & Upgraded. Improvements too numerous to list, incl Major Compontents, drain tiles to roof, wiring, plumbing, furnace, h/w tanks (2) etc. Each suite has own bike/storage locker.The Top Suite: 2 Bdrm & Den on 2 levels / incl private balcony (w/ Water & Mountain Views) & fireplace. The Main floor: 1 Bdrm & Den w/ X-Large Deck & Fireplace. Third Suite: 2 Bdrm Garden Level (Above Ground). This is a ’10’ for the savvy INVESTOR Excellent Revenue Over $5,000 per mth. Great Tenants! A truly rare find. Steps to the Beach, Transit to Downtown & University, Shops & Resutrants Too. Call Lisa for Pixilink Floorplans & Brochure with Full Details. Open House Saturday August 18 3:00 – 4:00 pm.


#6 ) Address:2656 W 41ST AV, Kerrisdale, Vancouver West

March 09 V935348 $2,488,000 $0 0%
April 11 V935348 $2,388,000 $-100,000 -4%
April 24 V935348 $2,260,000 $-228,000 -9%
May 23 V935348 $1,998,000 $-490,000 -20%
Open House: May 26
Open House: May 27
May 28 V935348 removed
May 31 V953373 $1,955,000 $-533,000 -21%
Open House: Jun 02
Open House: Jun 16
June 25 V953373 removed
June 29 V959234 $1,880,000 $-608,000 -24%
Open House: Jul 01
Open House: Jul 08
Open House: Jul 15
Open House: Jul 22
Open House: Aug 05

Assessment: Building Unfinished

Brand new family home in the heart of KERRISDALE. 2-5-10 yr warranty. Extra deep 33×134 lot. Extremely quiet inside. Light, bright & airy; overheight ceilings w/skylites throughout. Top of line appliances: Viking, Sub Zero, Bosch. Beautiful dream kitchen perfect for entertaining or great family moments. Floor to ceiling glass sliding doors off kitchen area brings the outdoors in. Meticulous attention to detail from designer tiles to restoration hardware touches. All upstairs bedrooms are ensuite. 2 bedroom basement can be suited w/own laundry. A must see at this spectacular value. Kerrisdale Elem & Pt Grey Sec catchment. Also close to best private schools: Crofton House, St George’s.


#7 ) Address:# 402 8775 CARTIER ST, Marpole, Vancouver West

May 18 V950887 $299,900 $0 0%
Open House: Jun 16
July 17 V950887 $268,000 $-31,900 -11%
Open House: Aug 19
August 24 V950887 $229,000 $-70,900 -24%

Assessment: $291,400

Asking below assessment. Cartier House – quiet and well maintained complex with recent updates to roof, plumbing, boiler, hot water tank, laundry room and lobby area. Spacious top floor SE corner unit facing Marpole Park. Good view from living room, dining room and enclosed balcony. Unit renovated in the past few years with new paint, carpet, cork floors, bathroom fixtures and new kitchen appliances. It also features gas fireplace, double storm windows, 2 skylights, vaulted ceiling hallway, locker room and secured parking. Convenient location to school, shopping centers, restaurants and public transit to Richmond, Airport, UBC, Golf clubs and downtown. Quick possession. All measurements approx.


#8 ) Address:# C1 1500 HORNBY ST, Yaletown, Vancouver West

February 24 V933540 $628,000 $0 0%
February 27 V933540 $569,000 $-59,000 -9%
May 16 V933540 $564,900 $-63,100 -10%
June 20 V933540 $529,900 $-98,100 -16%
July 19 V933540 $479,900 $-148,100 -24%

Assessment: $462,000

Street access office or retail space in prime Yaletown location. Great opportunity to own commercial space in a busy location. Property: 825 sqft of office/retail space, double-wide frontage w/direct access, partitioned into 4 offices. Located a block away from the Marina & seabus & transportation. Includes 2secure parking spaces and street parking is readily available. Currently owner occupied business Great holding property for the savvy investor. Building offers great amenities (pool, hot tub, gym etc.). Hot water is included in the monthly fee. TRY YOUR OFFER – Owner will consider renovation and/or improvement credit for future buyer! At JUNE rental rates, you would see NET $33,000/annum, which (at current price) would have a CAP rate of 6% ! CLS V4029222.


#9 ) Address:# 601 1111 HARO ST, West End, Vancouver West

February 23 V933456 $650,000 $0 0%
March 16 V933456 $620,000 $-30,000 -5%
April 26 V933456 $599,000 $-51,000 -8%
June 09 V933456 $590,000 $-60,000 -9%
June 16 V933456 $570,000 $-80,000 -12%
July 19 V933456 $525,000 $-125,000 -19%
July 26 V933456 $499,000 $-151,000 -23%

Assessment: $545,000

Perfect location in the west end, 1 block from Robson St., just steps from unlimited amenities: shopping, restaurants, theater, transportation. 1,050 sq.ft. of living space with large rooms, separate bedrooms, floor to ceiling windows, cozy gas fireplace. Well run building with pro-active strata council features gym, media room social room, secure underground parking. Now priced right & ready for your creative updates! Open House Sun Aug 19th, 1:30-4pm.


#10 ) Address:4255 HIGHBURY ST, Dunbar, Vancouver West

March 09 V931539 $3,888,888 $0 0%
March 23 V931539 removed
March 26 V939234 $3,388,000 $-500,888 -13%
May 16 V939234 $2,988,000 $-900,888 -23%

Assessment: $2,437,000

Lovely Westside family home on a quiet street in sought after Dunbar neighborhood. Close to Crofton & St George’s Private school, Pt Grey HS & UBC. Walking distance to elementary school, shopping, transit, parks & easy access to public & private golf courses, recreation, equestrian facilities, Pacific Spirit Park. Home is situated on a large coner lot with lane access which zoning allows for a coach house. Great floor plan with functional & spacious living-dining-eating-family room, 5 good sized bedrooms, 4 washrooms including massive ensuite bathroom, plus bonus roof top deck. Call now for your private viewing.