Sold (purchased): 1927 Kits Point home offers 3 separate suites

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Weekly roundup of three properties recently sold in Metro Vancouver.

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1335 Laburnum St., Vancouver

Type: Detached with four bedrooms, three bathrooms

Mate: 2,397 square feet

BC Review: $3,135,000

Listed for: $3,288,000

Selled for: $3,200,000

Sold on: March 7th

Days on the market in this offer: seven

Listing agent: David Richardson at ReMax Select Realty

Buyer’s broker: Jason Choi and Trent Rodney at Royal LePage Sussex

The big sale: Kits Point is the location for this four bedroom detached house which has been completely renovated both inside and out. Built in 1927 on a 33-by-100.5-foot lot, the current configuration accommodates three separate suites — one on each level — but according to real estate agent David Richardson, it could easily be converted back to a single-family home. Custom updates have been made to the kitchens, bathrooms, decks and patios, and the low maintenance yard has been professionally designed and landscaped and includes fish ponds and a waterfall. The interior of the home features hardwood floors with inlay details, two gas fireplaces, and ocean views from the top floor. To the rear of the property is a two car garage currently used as a workshop with a guest bedroom and an office in the attic.

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306 – 2985 Princess Cres., Coquitlam

Type: Two bedroom, two bathroom apartment

Mate: 1,066 square feet

BC Review: $522,000

Listed for: $599,800

Selled for: $670,000

Sold on: 12 March

Days on the market in this offer: Three

Listing agent: Rod Hayes at Royal LePage Sterling Realty

Buyer’s broker: Nora Valdez at Royal LePage Sussex

The big sale: This top floor two bedroom apartment is located in Princess Gate, an adult oriented (there is an age restriction of 55 and older) with a swimming pool, hot tub, gym, workshop, recreation/party room and guest suites . Overlooking the courtyard and Hoy Creek Linear Park, this particular home features an updated kitchen with quality granite counter tops, a deep double sink, and ample storage. The merged living and dining room has a gas fireplace, oversized windows that frame the green vistas and a sliding glass door that opens out to a covered balcony. The 18 meter long master bedroom has a five-piece en-suite bathroom and a walk-in closet with storage. In-suite laundry room and a storage room complete the unit, plus it comes with two parking spaces, a safety deposit box, and a monthly maintenance fee of $569.35. Pets and rentals are allowed.

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211 – 2533 Penticton St., Vancouver

Type: Two bedroom, two bathroom apartment

Mate: 995 square feet

BC Review: $312,000

Listed for: $199,000

Selled for: $500,000

Sold on: Feb. 10

Days on the market in this offer: One

Listing agent: Henry Wu and Aidan Cheung at LeHomes Realty Premier

Buyer’s broker: Norm Flockhart at Park Georgia Realty

The big sale: There was a dramatic difference between the listing and selling prices of this two-bedroom apartment in East Vancouver, and buyer’s agent Norm Flockhart explains why. The unit is part of the Gardenia Villa development which was in need of major repairs and improvements. The entire complex is embarking on a massive renovation that will include all exterior cladding/siding, rain screen installation, decks and balcony membranes and structures, roof systems, all exterior windows and doors, and more. This suite is required to pay a special levy of $235,443.92 as a proportionate portion of the nearly $60,000,000 total cost of these repairs and improvements. This charge was added to the sale price and paid upon completion of the sale. He concludes that since the bank financing was not available to potential buyers due to the condition of the building, this unit was sold to a buyer who could pay cash.

These transactions were compiled by Nicola Way of BestHomesBC.com.

Real estate agents – send your recent sales to nicola@besthomesbc.com