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988 RICHARDS ST., UNIT 406, VANCOUVER B.C.

LIST PRICE $549,000

SALE PRICE $547,000

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PREVIOUS SALE PRICE $525,000 (2009)

DAYS ON MARKET One

MANAGEMENT FEES $404

TAXES $1,834 (2013)

LISTING AGENT Paul Albrighton, Re/Max Crest Realty Westside

The Action

The loft unit at eight-year-old Tribeca Lofts sold the same day it was listed.

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"The property was listed higher than previous two-level loft sales in the building by about 10 per cent," says listing agent Paul Albrighton.

What They Got

This 836-square-foot, two-level unit with one bedroom and two bathrooms is located in Yaletown, within walking distance of downtown, Gastown, and the West End.

It features a double-height living room at 17 feet, six inches with floor-to-ceiling windows, a balcony, den, exposed concrete walls, walnut floors, steel staircase with glass railing, central gas fireplace, and a gourmet kitchen with Bosch appliances, gas stove and stone countertops.

It includes a parking stall, locker, with access to a garden.

The Realtor's Take

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Market dynamics helped speed the sale of the unit.

"The demand for mid-range lofts has increased steadily over the past two to three years," says Mr. Albrighton.

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