1177 Jervis St., Penthouse, Vancouver
ASKING PRICE $4.5 million + GST
SELLING PRICE $4.5 million + GST
DAYS ON MARKET Two
MAINTENANCE FEE $1,192 (incl. heat and electricity)
LISTING AGENT Barrett Sprowson, Intracorp
The Action: Prices start at $1-million for a 989-square-foot condo. All units are two or three bedrooms. The developer held private showings for a select group of agents it had worked with previously. Several units have sold. The penthouse sold quickly because of its central location and views. As well, the building is a relatively cozy and low-key 58 units without over-the-top amenities, such as a chef on call. That was a draw for buyers. "We've found that it's a very appealing building for people who want something intimate. It's not a high amenity building," Barrett Sprowson, director of sales for Intracorp, said.
What They Got: The 58-unit Jervis tower in the West End's Davie Village is barely into presales, but its biggest, most expensive unit sold out of the box. The unit is 2,500 square feet, with three bedrooms and views. The building is the first development partnership for Niels and Nancy Bendtsen, famous for their high-end furniture store Inform Interiors. "They wanted to have an influence on the space planning and the entire community from outside in and inside out," Mr. Sprowson said. The unit features Inform cabinets in the kitchen, Inform walk-in closets, and a huge master bedroom. The building includes a gym, 24-hour concierge and car wash.
The Agent's Take: The buyers intend to live in the suite, not use it as an investment, Mr. Sprowson said. "We would categorize this purchaser as an upgrader, moving from another kind of home. They are under 50, a professional couple. He's a dentist."