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Sutton Group West Coast Realty

1225 Richards St., unit 1601, Vancouver

Asking price: $579,000

Selling price: $567,000

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Previous selling prices: $368,000 (2010); $157,683 (2003)

Days on market: 13

Taxes: $1,530.33

Maintenance fee: $246

Buyer’s agent: Ian Watt, Sutton Group West Coast Realty

The action

The seller purchased the property in 2010 for $368,000. The buyer is from Edmonton and needed a place close to work. She chose the unit because of location, floor plan and price. Her offer was the only one on the property.

“She came from a super huge three-bedroom townhouse in Edmonton to a tiny one-bedroom for the same amount of money,” Mr. Watt said.

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What they got

This one-bedroom, 500-square-foot condo is located downtown across from Emery Barnes Park, four blocks from the Yaletown SkyTrain station. The unit has city views, a den, updated appliances, new floors, a fireplace and balcony. Rentals and pets are permitted.

The agent’s take

Buying agent Ian Watt said the property would have sold for about $100,000 more last fall.

“There’s definitely a market for anything under $650,000 if it’s priced correctly.”

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