27 ALEXANDER ST. UNIT 606, VANCOUVER
ASKING PRICE: $469,000
SELLING PRICE: $520,000
PREVIOUS SALE PRICE: $254,900 (2005)
DAYS ON MARKET: Seven
MAINTENANCE FEE: $223 p/m
LISTING REALTOR: Paul Albrighton, Re/Max Crest Realty
This recently renovated Gastown one-bedroom loft is an industrial-style studio in a heritage conversion building with no parking. It has polished concrete floors, exposed ductwork, a galley kitchen with custom cabinets and track lighting. The seller spent three months renovating the 618-square-foot studio.
The Action: Listing agent Paul Albrighton showed the unit to 110 parties within a week, and received seven offers. The buyers are a couple looking to be closer to family in the area.
The Agent’s Take: The most desirable Gastown properties are those with a heritage restoration or unique design, says Mr. Albrighton. “There is not enough supply for the number of people looking either to invest or reside in the area. The Gastown market is very hot, with most listings achieving multiple offers, and often over-asking sale prices.”