In­vestor sells Burn­aby rental

The Globe and Mail (BC Edition) - - REAL ESTATE - – KERRY GOLD


2345 Madi­son Ave., unit 1902, Burn­aby, B.C. BRENTWOOD

Ask­ing price: $575,000 Sell­ing price: $565,000 Days on mar­ket: 22 Taxes: $1,956.94 Main­te­nance fee; $250.66 List­ing agent: Keith Roy, Re/Max Se­lect Realty

THE AC­TION The unit had been rented out, but when the ten­ant gave no­tice the owner de­cided to sell, list­ing agent Keith Roy said.

Mr. Roy held two week­ends of open houses and re­ceived one of­fer. The pur­chaser is a first­time buyer who plans to live in the unit.

WHAT THEY GOT This one-bed­room-plus-den unit is in an 11year-old build­ing, a few min­utes walk to the Sky Train and Brentwood Town Cen­tre.

The 639-square-foot unit has an elec­tric fire­place, hard­wood floors, gran­ite coun­ters, floor-to­ceil­ing win­dows and south-fac­ing bal­cony. The build­ing has an in­door lap pool, hot tub, ex­er­cise cen­tre and me­dia room.

THE AGENT’S TAKE The sale suc­ceeded partly be­cause the ten­ant was help­ful, Mr. Roy said. “Sell­ing ten­anted prop­er­ties is of­ten dif­fi­cult,” he said. “Ten­ants don’t have a vested in­ter­est in sell­ing homes, so they don’t al­ways keep places clean or make it easy to ac­cess and show po­ten­tial buy­ers.”

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