The home is more spacious than newer builds, but it is in need of major updates.The agent showed the townhouse to about eight parties and only received the one offer. The seller, who is downsizing, had purchased the property in 2017 for $579,000. The buyers are a Surrey family who’d been looking for a long time.
Listing agent Bryan Yan said they got a good price for a unit that needed a renovation. It was the highest priced sale compared to nearby townhouses sold within the past 30 days. Most sold for much less, in the $600,000 range, he says. The sale completed Sept. 13.The 1,592-square-foot townhouse is in a gated community in the Guildford neighbourhood, walking distance to a shopping mall, schools, park and transit.
The three-bedroom, three-bathroom strata unit comes with an attached garage, alarm system, central vacuum, 167-square-foot patio off the living area, a second balcony off the upstairs master bedroom, and a newer furnace. Built in 1991, it’s more spacious than newer builds, but is in need of major updates.The agent’s take“That made this townhouse difficult to sell, because half of all buyers are investors,” Mr. Yan said.
The market changed quickly, added Mr. Yan. Early in the year, the seller would have received at least 20 per cent more on the price.to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.
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