Skip to main content

The sellers of this townhouse at 2888 156 St. in Surrey, B.C., bought it new in 2015 as a presale for about $350,000.

2888 156 St., Unit 13, Surrey, B.C.

Listing price: $749,000

Selling price: $725,000

Story continues below advertisement

Days on market: 20

Taxes: $2,100.59

Maintenance fee: $235.46

Listing agent: Steve Saretsky, Sutton Group, West Coast Realty

The action

The 1,600-square-foot townhouse sold for $725,000, and the sellers used the equity to buy a single detached house for $1.1-million.

The owner-occupiers purchased the 1,600-square-foot townhouse new in 2015 as a presale for about $350,000. They sold this townhouse to use their equity to buy a single detached house for $1.1-million, listing agent Steve Saretsky said. “They felt like it was good timing because the townhouse market was much stronger than the detached-house market.”

The buyers were moving from a downtown Vancouver condo.

What they got

The home features four bedrooms, four bathrooms, an enclosed private side yard and open kitchen with quartz counters, stainless-steel appliances and a sunny balcony.

This South Surrey townhouse in Hyde Park features four bedrooms, four bathrooms, an enclosed private side yard and open kitchen with quartz counters, stainless-steel appliances and sunny balcony off the kitchen. It is in a park-like setting and is close to Morgan Crossing shops and steps to an elementary school.

Story continues below advertisement

The agent’s take

Mr. Saretsky is advising buyers who really want to buy now to make sure they can afford the mortgage and make sure it’s a home they can live in for several years. “Give yourself a buffer, because I think there is a real possibility that the single-family, detached-home market will continue to decline in value.”

Report an error Editorial code of conduct
Comments

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • All comments will be reviewed by one or more moderators before being posted to the site. This should only take a few moments.
  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed. Commenters who repeatedly violate community guidelines may be suspended, causing them to temporarily lose their ability to engage with comments.

Read our community guidelines here

Discussion loading ...

Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.
Cannabis pro newsletter