36 E. 14th Ave., No. 306, Vancouver
Asking price: $349,000 (Oct. 24, 2022)
Selling price: $361,800 (Nov. 1, 2022)
Days on market: 8
Monthly maintenance fee: $678.70
Taxes: (included in monthly fee)
Listing agent: Dwayne Launt, Sutton Group-West Coast Realty
This is a leasehold property, with a corporate-owned lease that is valid until 2073. Listing agent Dwayne Launt received three subject-free offers on the unit and the winning bid went to a first-time buyer who plans to live there. The seller was relocating out of the city.
What they got
The top floor southeast corner unit in a Mount Pleasant building built in 1967 is within walking distance of shops and transit, including the upcoming Broadway subway line.
The 723-square-foot, one-bedroom apartment is bright, on a quiet street, with a balcony and galley kitchen. There’s underground parking for rent at $125 a month and shared laundry. The monthly fee includes heat, hot water, high-speed internet, cable TV, property taxes and management.
The agent’s take
“Many people asked me why they should buy a leasehold property and my response is that this is an entry level into the market. It may not appreciate at the same rate as a strata property, but it is housing security and it’s at a price that someone can afford,” said Mr. Launt, who says he’s previously owned leasehold apartments.
The sale completes Feb. 1, 2023.