Done Deal, 1010 Richards St., No. 607, Yaletown, Vancouver
1010 RICHARDS ST., NO. 607, VANCOUVER
ASKING PRICE $498,800
SELLING PRICE $495,000
PREVIOUS SELLING PRICE $409,000 (2009); $253,900 (2003)
TAXES $1,985 (2011)
DAYS ON THE MARKET six
LISTING AGENTS Nadia Doucet and Louise Boutin, Re/Max Crest Realty Westside
THE ACTION: This two-bedroom plus solarium corner suite in the Gallery building was tenanted, so potential buyers could only explore the interiors online for the first few days. Yet two buyers confidently sent in their offers subject to viewing, which began on the weekend. After roughly ten parties examined the space, it was sold in a bidding war.
WHAT THEY GOT: On one of the lower levels of a nine-year-old high-rise by reputable builder, Polygon, this 741-square-foot suite is a bright, modern space with floor-to-ceiling windows in areas like the combined living and dining area and the solarium off the open, galley-style kitchen.
The space is stylish and easy to clean with laminate and tile floors, granite kitchen counters and stainless steel appliances, as well as two full bathrooms, including a master suite, and laundry machines.
Parking is part of the package, however residents are an elevator ride away from fitness and recreation facilities, which are maintained by the monthly fee of $311, and steps from galleries, restaurants, shops, theatres and parks.
THE AGENT'S TAKE: "It's a great unit, a great building and showed well for something that was rented," says agent Nadia Doucet. "The layout is phenomenal because they made such good use of that space. For something that's under 800 square feet, it feels a lot bigger."
The prime location also appealed to buyers wanting to reside there or rent it out as the sellers had for $3,000 monthly. "The market downtown right now is really hot," says Ms. Doucet. "From an investor's point of view, there was good revenue from that suite as well."