Skip to main content

Vancouver Real Estate Yaletown condo sells on second attempt, but $33,000 under list price

Sutton Group West Coast Realty/Sutton Group West Coast Realty

1238 Seymour St., unit 310, Vancouver

Asking price: $878,000

Selling price: $845,000

Story continues below advertisement

Days on market: 6

Taxes: $1,742.59

Maintenance fee: $441.11

Listing agent: Ian Watt, Sutton Group West Coast Realty

The unit is in a downtown building that's about 20 years old.

Sutton Group West Coast Realty/Sutton Group West Coast Realty

The action

The property had been listed previously for one month during the slow holiday season, so listing agent Ian Watt advised his clients to take it off the market until January. When it went back on, it sold quickly.

The sellers had bought it together a decade ago, and after they broke up they hung onto it as an investment. With new partners in their lives, it was time to sell. The buyer was a couple from Maple Ridge, B.C., that worked downtown.

What they got

The two-level loft has 16-foot ceilings, concrete floors, an upstairs bedroom area and secured parking. The 985-square-foot unit is in a downtown tower built in 1996.

The agent’s take

Mr. Watt advised the sellers not to do a major kitchen renovation. In this buyer’s market, it’s unlikely they would have made the money back, he says. “It was very smart they hung onto the property and became business partners,” he says. “It really benefited them both, to stay in the market.”

Your house is your most valuable asset. We have a weekly Real Estate newsletter to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.

Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Discussion loading ...

Cannabis pro newsletter