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Yaletown condo goes to determined first-time buyers Add to ...

977 MAINLAND ST., UNIT 2401, VANCOUVER

Asking PRICE $448,000

SELLING PRICE $424,999

TAXES $1,620 (2013)

DAYS ON MARKET 12

MAINTENANCE FEES $237.51

LISTING AGENT Farid Hosseini, Royalty Group Realty Inc.

SELLING AGENT Ian Watt, Sutton Group West Coast

The Action: “It’s a small, typical first-time buyer place,” agent Ian Watt says. The first-time buyers were in their early 20s – a nurse and a Costco employee. “I was really excited for them because there are so many multiple offers for anything under $425,000 right now. They kept losing out, and then they finally got this one.

“There were no multiple offers on the unit because it was priced high,” Mr. Watt says. “I said, ‘take it or leave it.’”

What They Got: This small, 572-square-foot one-bedroom and den unit features city views and a Yaletown location. While it has the usual selling points such as stone composite countertops, full height-cabinets, built-in wine rack, marble vanity countertops and marble accents in the bathroom, it’s the location that mattered. Just a few steps out the door brings you to restaurants, bars, boutique shops and the Canada Line.

The Agent’s Take: “It wasn’t the bank of mom and dad [buying]the place],” Mr. Watt says. “This is the rare first-time buyer sale I’ve had where the parents hadn’t paid.”

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