2523 WALL ST., VANCOUVER
LIST PRICE $1.795-million
SALE PRICE $1.7-million
TAXES $6,803 (2013)
DAYS ON MARKET More than two years
LISTING AGENTS Gregg Close and Mackenzie Close, Sotheby's International Realty
The Action: Because the house is under-built and could expand by 1,700 square feet, it was natural that the buyer would want to do an addition. Wall Street is Vancouver's most affordable waterfront property, but is also special in that it overlooks port industry. That meant it took more than two years and several agents to find the right buyer.
What They Got: The buyer purchased a 12-year-old Battersby Howat-designed house that overlooks the water and mountains, and is only a 10-minute drive to downtown Vancouver. The two bedroom, 2,500-square-foot house sits on a 70-by-138-foot property with a fully landscaped garden that is worth about $150,000.
The Agents' Take: "A big issue was there weren't enough bedrooms," says Sotheby's agent Gregg Close, who, along with son Mackenzie, took over the listing last spring, after it had been on and off the market for two years.
"We came back on the market in May and listed it according to the seller's wishes at $1.950-million, and then we reduced it to $1.895[-million], and then we put it at $1.795[-million], and that's when things got more comfortable. I knew that price was the right one. We got $1.7-million without any haggling."
Adds Mackenzie: "That's the high-water mark in the neighbourhood. Nobody has got that sort of price before."