Big Lot, Nearby School Expedite Transaction

84-year-old on Vancouver's West Side likely to be replaced by bigger residence




3903 West 22nd

Type: detached

Size: 2,400 sq.ft, 4 bed, 1 bath

BC Assessment, July, 2011: $1.4436 million

Listed for: $1.86 million

Sold for: $1.85 million

Sold on: Dec 8

Days on market: 0

Agent: Walter Wells at Sutton West Coast Realty

The big sell: How does a home sell on the day that it is listed with no sign and no showings? When it is being sold for land value only, that's how. (The 49 1/2-foot-wide, 122 foot deep lot is big enough for a 4,000 square foot residence.) According to listing agent Wells, this address reaped the benefit from its location in the desirable school catchment of Lord Byng - one of the highest rated schools in the city for which buyers are prepared to pay a premium - and current low levels of inventory. This particular home was built in 1927 and has had the same owner for the past 50 years who retained its original features. It is situated on a corner lot, close to UBC and Pacific Spirit Park.