4935 Weaver Drive, Tsawwassen



Asking Price: $599,000

Selling Price: $585,000

Taxes: $3,212 (2009)

Days on Market: 263

Listing Agent: Walter Wells, Sutton Group West Coast Realty


"Life in the suburbs has its benefits," agent Walter Wells says. And the greatest advantages are property and price, he adds.

For example, "the price of a home in Tsawwassen, an upscale suburb located just 30 kilometres south of Vancouver, is perhaps one-third to one-half of what it would be in Vancouver," he explains.

In the case of this home, "the land alone, an 80 by 121 foot lot, would fetch more than $1.5 million in Vancouver," he says.

For less than half of that price, the new owners were able to purchase the land and the 2,884 square foot home. There is also a benefit that many may not know about, Mr. Wells says. "Residents of Tsawwassen enjoy 30 percent less rainfall than Vancouverites."

Tsawwassen is home to a terminal for BC Ferries, which connects Vancouver to Victoria and the Gulf Islands. Plus, with high-speed bus service, the commute to Vancouver takes only 30 minutes during rush hour, the agent says.

This is the first time to market for this five bedroom home since the previous owner purchased it in 1966. "It was the second home built on this street when it was surrounded by forest," Mr. Wells says. Although the home is four decades old, "it has been well maintained," he says.

Updates include new windows, "a fireplace with native BC rocks from Squamish," a hot tub and an extended deck in the landscaped yard. The home also has skylites, a second fireplace and a master ensuite with a walk-in shower and soaker tub.

The new owners plan to "carry on" the upkeep and renovations, Mr. Wells says. "They will start with a major renovation of the kitchen, taking out the wall between the kitchen and dining room and giving the home a more open feel," he says.

The home did take "an unusually long time to sell," the agent says. He attributes this to the fact that, "the home was first listed during the worst of the economic downturn." However, "its sale, at long last, at 98 percent of the asking price is another sign that the Vancouver real estate market is strenghtening," he says.