988 RICHARDS ST., UNIT 406, VANCOUVER B.C.
LIST PRICE $549,000
SALE PRICE $547,000
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 loft unit at eight-year-old Tribeca Lofts sold the same day it was listed.
"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
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.