Marpole Home Sells for $1.95 Million, Undercutting List Price
A five-bedroom detached home at 729 West 62nd Avenue in Vancouver's Marpole neighborhood sold for $1,950,000 on May 12, after being listed at $1,990,000. The property, assessed by B.C. Assessment at $2,128,000, spent just six days on the market. Listing agents Danny Chow and Salina Kai of Rennie & Associates Realty represented the seller, while buyer's agent Neilson Wong of Royal Pacific Realty brought the purchaser.
Flexible Living Arrangements and Mortgage Helper Potential
The two-storey home sits on a south-facing lot and offers 2,673 square feet of living space. The main upper floor features three bedrooms, two bathrooms, a formal dining area with chandelier lighting and stained-glass windows, a living room with a wood-burning fireplace, and a front-facing balcony. The kitchen and eating area open onto an adjacent deck. A bright two-bedroom suite on the ground floor, accessed through a tiled foyer, includes a separate entry and its own laundry facilities, providing mortgage-helper potential. An extra-wide attached garage with lane access offers additional storage for bikes, tools, and gardening equipment. The property is close to Sir Wilfrid Laurier Elementary, Sir Winston Churchill Secondary, Oak Park, and Marine Gateway.
South Vancouver Property Sells at $286,000 Below Assessment
At 7656 Main Street in Vancouver, a four-bedroom, two-bathroom detached home sold for its asking price of $1,210,000 on April 27. The B.C. Assessment value was $1,496,000, meaning the court-ordered sale closed $286,000 below assessed value. According to listing agent Holly Calderwood of Royal LePage Sussex, the house was priced strategically to attract multiple offers. The property sits on a west-facing 2,991-square-foot lot with RT-2 zoning, which potentially allows for a duplex or a single-family home with a basement suite and laneway house. Built in 1971, the home features a two-bedroom suite on the upper floor and two bedrooms plus living space on the lower level. The main level is currently tenanted month-to-month. Recent renovations include new laminate floors, doors, paintwork, and a refurbished bathroom and upstairs kitchen. Buyer's agent Jay Coupar of eXp Realty represented the purchaser. The home spent only three days on the market.
Richmond Townhouse Sells for $937,400
A three-bedroom, three-bathroom townhouse at 22337 Sharpe Avenue in Richmond sold for $937,400, below its list price of $997,000. The sale closed on an undisclosed date. Listing agent Shafik Ladha represented the seller. The property offers a more affordable entry point into the Metro Vancouver market compared to detached homes.
