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Done Deal, 18th St. W., Vancouver
Done Deal, 18th St. W., Vancouver

Low inventory drives price for West Vancouver waterfront condo Add to ...

111 18th ST., No. 4E, WEST VANCOUVER

ASKING PRICE $2.388 million

SELLING PRICE $2.388 million

DAYS ON MARKET 6

TAXES $4,534.78

MAINTENANCE FEE $783.92

LISTING AGENT Don Eilers, Re/Max Masters

111 18th St. W., Vancouver

The action: Listing agent Don Eilers says the price was unprecedented for the 37-year-old building. But because inventory is so low, especially for waterfront property, around 160 parties came through the open house. “There was a lot of interest. And the sellers wouldn’t have sold for anything lower [than asking], not with that activity.” There was only one offer presented, and the buyers were a local couple downsizing from a house.

This two-bedroom, two-bathroom Ambleside condo has a breathtaking waterfront, panoramic view that includes Lion’s Gate Bridge and open ocean.

What they got: This two-bedroom, two-bathroom Ambleside condo has a breathtaking waterfront, panoramic view that includes Lion’s Gate Bridge and open ocean. The 1,557-square-foot unit, remodeled in 2015, has floor-to-ceiling windows, gourmet kitchen with Wolf, Sub-Zero and Bosch appliances and walk-in pantry. There is also a den.

The 1,557-square-foot unit, remodeled in 2015, has floor-to-ceiling windows.

The Agent’s Take: “Every day there seems to be a new price point reached, and it’s so shocking. I’ve been doing this for 25 years now and it’s nothing short of amazing.” With inventory so low, and baby boomers looking to downsize, prices keep climbing.

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