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Vancouver Real Estate New Westminster condo priced under $600,000 draws five offers

This condo unit at 285 Ross Dr. in New Westminster, B.C., has two bedrooms and was priced under $600,000.

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285 Ross Dr., Unit 104, New Westminster, B.C.

Listing price: $599,000

Selling price: $661,000

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Taxes: $2,021.35

Days on market: Eight

Maintenance fee: $393.94

Listing agents: James Garbutt, Denny Dumas, Keller Williams Elite

The 1,010-square-foot, two-bedroom, ground-level unit is in the Grove building, built a decade ago in the Victoria Hill neighbourhood.

Marcos Riano Photography

The action: The listing agents received five offers because the unit has two bedrooms and was priced under $600,000, agent James Garbutt said. The buyers were a young married couple from downtown Vancouver. They were drawn to New Westminster because it’s within 20 minutes of downtown by SkyTrain. The unit sold in May.

“At $650 a square foot, it is $500-a-foot cheaper in comparison to similar properties around downtown Vancouver,” Mr. Garbutt said.

’At $650 a square foot, it is $500-a-foot cheaper in comparison to similar properties around downtown Vancouver,’ the listing agent says.

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What they got: The 1,010-square-foot, two-bedroom, ground-level unit is in the Grove building, built a decade ago in the Victoria Hill neighbourhood. The corner unit is northwest-facing with a patio, laminate flooring and small galley kitchen with granite counters. The master bedroom has a four-piece en suite and flexible den space. The building includes gym, theatre, outdoor basketball court and is steps to Queen’s Park and about a 15-minute walk to the SkyTrain station. Rentals are allowed.

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The corner unit is northwest-facing with a patio.

Marcos Riano Photography

The agent’s take: “Even though this property has more than doubled in value over the past nine years, I think there is still great value here,” Mr. Garbutt says.

It features a private fenced yard, two bathrooms, ground-level garden surroundings and privacy. Also, the building was rain-screened to protect it from leaks.

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