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Investors park their cash in Marpole condo Add to ...

8988 HUDSON ST., UNIT 414, VANCOUVER, BC

LIST PRICE $270,000

SALE PRICE $265,000

PREVIOUS SALE PRICE $234,000 (2007)

TAXES $932

DAYS ON MARKET Three

LISTING AGENT Keith Roy, Macdonald Realty

The Action: The buyers were looking for an investment property that would generate revenue. With city plans underway to add density to Marpole, the area is in transition. The shopping district has grown, and new condo towers have already gone up in the last few years.

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What They Got: The Retro in Marpole is a nine-year-old condo building close to the Canada Line and the airport.

The unit is a one-bedroom-plus-flex space with fir floors, granite counters, stainless steel appliances, large patio, gas fireplace and above-average height ceilings. The unit comes with a parking space and storage.

The Agent’s Take: “This unit is easily rented for $1,200 per month,” listing agent Keith Roy said. “For the price paid and the rent generated, it is one of the best rental investments on the west side of Vancouver.”

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