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8199 Prince Edward St., Vancouver.

Colleen Burke Photography

8199 Prince Edward St., Vancouver

Listing price: $1.788-million

Selling price: $1.615-million

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Days on market: 27

Taxes: $4,809.50

Listing agent: Owen Bigland, Macdonald Realty Westmar

The living area includes crown moulding, engineered hardwood flooring and stone countertops.

Colleen Burke Photography

The action: The house was reduced in price to $1.738-million after two weeks on the market and sold more than a week later. Listing agent Owen Bigland showed it to at least 10 parties during weekend open houses, including investors and developers interested in rezoning, as well as families.

“The buyer for this home plans on moving in and enjoying the home for quite some time, while renting out the suites as mortgage helpers.”

The potential for future rezoning was also of interest, he said.

“There are no plans for rezoning at the present time, but a few blocks west of Main, there are land assemblies. I would say in the next 10 to 15 years, this side of Marine will be rezoned for multifamily.”

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What they got: The house was built in 2007 and is a corner lot at Prince Edward Street and busy Marine Drive.

“The home is in excellent condition and well maintained,” Mr. Bigland said.

The 2,234-square-foot house has three levels and six bedrooms, including a master bedroom with balcony and views, and two rental units on the lower level. The living area includes crown moulding, engineered hardwood flooring and stone countertops. There is a three-car garage. The house is steps to shopping and Cambie SkyTrain station.

The agent’s take: Because the house is on a high-traffic street, it took a reduced price to attract an offer, Mr. Bigland says. As well, the detached-house market has slowed in the past year.

“Many buyers are in a wait-and-see mode to see where this detached market goes,” Mr. Bigland said.

“Prices on these types of homes are down about 10 [per cent] to 15 per cent from two years ago.”

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For sale in this area

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EXCELLENT LOCATION!! Welcome to Fraserview District. Easily accessible. Right on Marine Drive and blocks to Knight Street corridor. Bus stop is just steps away. One of the lowest priced detached houses in Vancouver with approximately 1965 sq. ft. of living space with 6 bedrooms and 4.5 bathrooms. Perfect for renting out to students, or turn basement (counters, sinks, cabinets and hook-up already installed) into 2 or 3 bedroom mortgage helper with separate entrance. Close to the Fraserview golf course, river and walking trails. Schedule your private viewing. (id:31729)
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Charming 1 bedroom plus 1 Den, excellent and spotless corner unit with view W1built by Concord Pacific, the most luxurious residential development in the Marine & Cambie Corridor. This unit with an oversized 100 Sqft balcony. Next to the gateway shopping center, Skytrain, shops, restaurants and banks. Enjoy the central A/C, heat & security of 24 hour concierge and amenities including a Club House, Touchless Carwash, Meeting/Pantry/Karaoke Rooms & Gym. School Catchment: J.W. Sexsmith Elementary and Sir Winston Churchill Secondary. (id:31729)
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Welcome to WI by Concord Pacific, the most luxurious residential development in the Marine & Cambie Corridor. This cozy well maintained home has a functional and spacious floor-plan overlooking the Garden. This home offers 2 bedrooms and 2 baths and a Flex room that can be used the 3rd bedroom. One parking with EV Outlet for your electrical car. Enjoy high-end Miele appliances, marble tiles, detailed finishing, 24 hours concierge and amenities including a club house, touch less car wash, party, and meeting room, a karaoke room and gym. Steps away from Canada line, shopping, restaurants and movie theatre. High-ranking school catchment: J.W. Sexsmith Elementary and Sir Winston Churchill Secondary. (id:31729)
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