4132 HALIFAX ST., UNIT 1, BURNABY, B.C.
ASKING PRICE $675,000
SELLING PRICE $775,000
PREVIOUS SALE PRICE $540,000 (2012)
DAYS ON MARKET Seven
LISTING REALTOR James Garbutt, Sutton Group West Coast
The action: There are few three bedrooms on the market in this neighbourhood, which meant multiple offers, says Mr. Garbutt. Last August, a unit of the same size in the building sold for $626,000. The sellers in this case saw an increase of 40 per cent over their purchase price of $540,000 four years ago. "It seems like a lot, but in comparison, a house in Brentwood Park area would now sell for $1.6-million, which is a 77-per-cent appreciation in four years. The gap between detached houses and strata continues to grow."
What they got: This three-bedroom townhouse is located in the desirable Brentwood Park neighbourhood of North Burnaby. The end unit has three bathrooms, a formal dining room, a private fenced patio off the kitchen and views of downtown. A downside is that the strata is engaged in a lawsuit with the developer over the windows, which could result in a costly assessment if they don't win, says listing agent James Garbutt.