55 EAST CORDOVA St., UNIT 213, Vancouver
ASKING PRICE $624,888
SELLING PRICE $620,000
DAYS ON MARKET 9
TAXES $1,970
MAINTENANCE FEES $270.66 a month
LISTING AGENT Ian Watt, Sutton Group West
The Action: The seller only owned the house for a year because she relocated for work. A year ago, she paid $550,000. "Not a bad return," agent Ian Watt says. The unit was purchased by a young man who loved the urban neighbourhood. "Gastown is becoming more sought-after. Before it was only young people, but now we're getting a bit of everything. And people are getting good deals." Yaletown, by comparison, averages around $700 or $800 a square foot, Mr. Watt says.
What They Got: The Koret Building is a heritage conversion that's stocked with ornamental details, including sandblasted wooden posts and beams, exposed brick and concrete walls.
The open-floor plan unit is a 1,010-square-foot loft with 10-1/2-foot high ceilings, high-end appliances, mosaic tile walls, translucent bath tub, walk-through shower and a parking space.
The Agent's Take: "It's very unique to find a 1,000-square-foot studio," Mr. Watt says. "And what's more unique is the parking."
Editor's note: Done Deals contain information gathered from real estate agents, home buyers, home sellers and sale prices that are publicly available from government sources. While we try to publish Done Deals as soon as possible after the transaction has occurred, long closings can cause delays.