$300,000 reno pays dividends

4011 West 41st Ave, Vancouver



Asking Price: $1,249,000

Selling Price: $1,180,000

Taxes: $4,604 (2009)

Days on Market: 81

Listing Agent: Walter Wells, Sutton Group West Coast Realty


Urban meets suburban with this 2,832 sq. ft. west side home, says agent Walter Wells.

"With its Yaletown style and Dunbar location, this home sitting on the edge of Pacific Spirit Park, Vancouver's 763 hectare nature park, is a unique offering," he says, and, "at a selling price of just under $1.2-million, this property was the buy of the season."

The three bedroom home has as many bathrooms, as well as custom built cabinetry, walnut hardwood floors, air conditioning, air exchange, humidifier and security systems, and a glass-covered deck for year round barbeques.

The two-storey, 1950s home was brought up to date by its previous owners.

"The sellers invested over $300,000 into the home, making a stunning renovation," says Mr. Wells. With corrugated steel walls, custom violet-coloured plywood and stainless steel built-in cabinets and a granite and teak mantle over the slate-bordered gas fireplace, "the ultra-modern design reminded buyers of a downtown penthouse more than a three bedroom west side bungalow," he says.

With a large, 50- by 118-foot lot located just two blocks away from Southlands Elementary School, "this is an ideal family home," says Mr. Wells. And, all of this for $1,180,000 is a steal, he adds, especially, "in a neighbourhood where the starting price for land on a 33-foot lot is $1.2-million and a 50-foot lot is $1.6-million."

"The reason this home was priced so affordably was because 41st Avenue is a main street, located at the entrance to the UBC, so there is more car and bus traffic in front of the home," he explains.

"Still, this was a great buy for a family wanting to move into and raise their family in this upscale west side neighbourhood."