119 W. 22nd St., No. 226, North Vancouver
Asking price: $624,900
Selling price: $610,000
Previous selling price: $359,900 (2012)
Days on market: 44
Maintenance fee: $325.82
Listing agent: Barry Cummings, Royal LePage Sussex
Buying agent: Adam Senuik, Keller Williams Elite
Buyer’s agent Adam Senuik had sold his clients their starter condo in 2010. They sold it in 2016, at the peak of the market, pocketing a nice profit. The clients returned to renting and now that the market has slowed, bought back in.
“Looking back now, they sold in perfect timing to maximize the return on their investment,” Mr. Senuik says. The sale completed on Oct. 24.
What they got
This two-bedroom condo in Central Lonsdale has granite countertops, oak cabinets, an open-concept living area, radiant heating in the floors, nine-foot ceilings, a balcony and ensuite laundry.
The building was built in 2012 and comes with bike room, gym, a guest suite, parking and is steps to a swimming pool, shops and transit. It allows pets and rentals.
The agent’s take
“They now have more space, a better location a newer building, and a very sought-after complex just off of Lonsdale in North Van,” Mr. Senuik says.
“If they had waited until 2019 to sell their first condo, they would have been looking at a $50,000 to $75,000 lower budget. These buyers won big time playing the long game.” But he warns that it is not easy to navigate the current market.
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