Updates on 1902 Mount Pleasant revenue-producing property pay off
500 EAST 11TH AVENUE, VANCOUVER
Type: Seven-bedroom, five-bathroom detached
Size: 3,611 square feet
B.C. Assessment: $1,518,000
Listed for: $1,788,000
Sold for: $1,910,000
Sold on: Feb. 20
Days on market in this listing: Ten
Listing agent: Bob Bracken at Remax Real Estate Services
Buyers agent: Fraser Rowland at Rennie & Associates Realty
The big sell: This large revenue-producing property is located in Vancouver’s Mount Pleasant neighbourhood opposite Florence Nightingale Elementary School. It comprises four levels and four suites that, according to listing agent Bob Bracken, generate a gross annual income of $78,860 from a combination of bachelor, one- and two-bedroom self-contained units. Built in 1902, the house has benefited from updated kitchens and bathrooms while retaining many character features such as hardwood floors, sash windows, high ceilings, wood-trimmed doors and entryways and deep baseboards. There are decks for residents’ use, city and mountain views and a south-facing fully-fenced garden at the rear. The property sold for $122,000 over the asking price in 10 days.
1202 — 3281 EAST KENT AVE., NORTH VANCOUVER
Type: Two-bedroom, two-bathroom apartment
Size: 1,040 square feet
B.C. Assessment: $814,000
Listed for: $798,000
Sold for: $820,000
Sold on: Feb. 14
Days on market in this listing: Four
Listing agent: Marty Pospischil and Adam Pospischil at Pospischil Realty Group
Buyers agent: Daniel John at Sutton Group Seafair Realty
The big sell: Rhythm by Polygon is a collection of one- and two-bedroom apartments located in the master-planned River District community that enjoys a waterfront position by the Fraser River with access to an array of conveniences including shops, eateries, and bike and walking paths. This two-bedroom home boasts a penthouse location with 14-foot ceilings, expansive windows and unobstructed views across the river to Mount Baker. There are two full bathrooms (one with a walk-in shower), Bosch and Fisher & Paykel appliances and quartz countertops in the kitchen, as well as an oversized balcony. The Rhythm Club provides exclusive residents-only facilities including a fitness studio, lounge and a children’s play area. This home’s monthly maintenance fee is $489.39 and pets and rentals are permitted.
1205 — 4160 SARDIS ST., BURNABY
Type: One-bedroom, one-bathroom apartment
Size: 715 square feet
B.C. Assessment: $356,900
Listed for: $424,900
Sold for: $424,000
Sold on: Jan. 20
Days on market in this listing: Zero
Listing agent: Sophia Gee at Remax Crest Realty and Brian Vidas at Sutton Centre Realty
Buyers agent: Dean Lovberg at Remax 2000 Realty
The big sell: No sooner had this fully-renovated one-bedroom apartment hit the market when it was snapped up. It resides in Central Park Place (which, as its name suggests, is located in Burnaby’s Central Park district) and offers myriad recreation amenities for residents including a club house, outdoor swimming pool, tennis courts, hot tub, sauna, upgraded gym, billiards room and beautifully-manicured gardens. The building also features newer elevators, windows and sliding doors, and updated hallways, entry phone, roof and paintwork. This particular unit revels in upgrades to the floors, kitchen and bathroom and boasts a designer paint palette that includes a feature textured wall in the dining area. Another highlight is the 14-foot-long covered balcony with a panoramic city and mountain vista.