Sold (Bought): North Van property rich with rental potential

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Weekly roundup of three properties that recently sold in Metro Vancouver.

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1646 Bowser Ave., North Vancouver

Type: Seven-bedroom, six-bathroom detached

Size: 3,404 square feet

B.C. Assessment: $1,287,000

Listed for: $1,499,000

Sold for: $1,760,000

Sold on: June 9

Days on market in this listing: Nine

Listing agent: Fara Ghafari at 88West Realty

Buyers agent: Leslie MacGregor and Ann Green at Royal LePage Sussex

The big sell: According to listing agent Fara Ghafari, this 1910 seven-bedroom home has the potential to achieve $7,000 in rental income per month thanks to the three units that it accommodates. There are two two-bedroom suites and one three-bedroom suite and each has its own entrance and laundry facilities. Approximately $300,000 was spent on renovations in 2018 with the installation of modern kitchens and bathrooms, hardwood laminate flooring and feature walls. There is also a workshop and a flex/office area and the property has five open parking stalls at the rear. Situated in North Vancouver’s Pemberton district, it has a convenient location close to the amenities that line Marine Drive as well as Lions Gate Bridge for access to downtown Vancouver.

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29 – 1203 Madison Ave., Burnaby

Type: Three-bedroom, two-bathroom townhouse

Size: 1,233 square feet

B.C. Assessment: $905,000

Listed for: $949,000

Sold for: $949,000

Sold on: June 21

Days on market in this listing: 13

Listing agent: Diana Klejne at Stonehaus Realty

Buyers agent: Shannon Drummond and Pat Drummond at Keller Williams Elite Realty

The big sell: This three-bedroom, two-bathroom townhouse resides in Burnaby North’s Madison Gardens – a 35-unit complex in the city’s Willingdon Heights neighbourhood. With a corner position, the home enjoys a bright, triple aspect and a freshly-painted interior with hardwood floors throughout. The living room has crown molding, a gas fireplace, and sliding-door access to a patio. There is a formal dining area as well as room for informal eating in the kitchen. The second level contains all three bedrooms with the primary suite boasting an ensuite bathroom and two spacious closets. The icing on the cake is a private 156-square-foot rooftop deck with unobstructed panoramic views of Vancouver’s downtown skyline and the North Shore mountains. Two parking stalls and a storage locker complete the picture.

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205 – 2520 Guelph St., Vancouver

Type: One-bedroom, one-bathroom apartment

Size: 555 square feet

B.C. Assessment: N/A

Listed for: $599,900

Sold for: $599,900

Sold on: May 7

Days on market in this listing: 77

Listing agent: Ben Amzaleg at Oakwyn Realty Downtown

Buyers agent: Guy Christie at Oakwyn Realty

The big sell: This one-bedroom condo is part of Habitat – a community of 70 homes and nine retail stores that are scheduled for completion in 2023. Situated at the corner of Guelph Street and Broadway, the four-storey development will comprise one-, two- and three-bedroom homes in Vancouver’s Mount Pleasant neighbourhood with a common rooftop patio fitted with an outdoor barbecue, dining and fire pit lounge for residents. This particular home is an inside unit and features a linear design with an office/flex room next to the bedroom, a functional kitchen with quartz countertops and matte cabinets adjacent to the dining area and a living area with access to a balcony and north-facing views. Pets and rentals are permitted with restrictions and this home’s monthly maintenance fee is $321.52.

These transactions were compiled by Nicola Way of BestHomesBC.com.

Please note that sales cannot be published until after their completion date.

Realtors – send your recent sales to [email protected]