Studio SELLS FOR HALF-MILLION

IT ISN’T BIG, so there’s “no wasted space” at this West End condo in Vancouver.

The listing stated that the 405-squarefoot studio is actually “spacious”.

“Stylish living area features cozy gas fireplace and Juliette [sic] balcony from which you’ll be able to soak in the vibrant downtown views,” the listing said about 1205-1003 Burnaby Street. (A Juliet balcony is a very narrow strip designed to give the appearance of a full balcony.)

The property forms part of the Milano, an 18-storey strata development by the Cressey Development Group.

It was listed on February 22 by Engel & Völkers Vancouver as a “perfect first home or investment”. The asking price was $498,000, and the studio unit sold this month for $514,000. That’s equivalent to $1,269 per square foot.

The 405-square-foot piece of Vancouver real estate has a 2022 assessment of $470,000

For perspective about sizes, a City of Vancouver staff report on a rental development in East Vancouver referred to the units as “relatively small”.

The units referenced included two-bedroom rentals with area measurements ranging from 532 square feet to 733 square feet.