Heller Murch Reallty
4310 Hastings St., No. 414, Burnaby, B.C.
Asking price: $588,800 (May 21)
Selling price: $588,800 (June 2)
Days on the market: 12
Taxes: $1,554.84 (2023)
Monthly maintenance fee: $323.96
Listing agent: Ian Watt, Heller Murch Realty
What they got
The 639-square-foot, one-bedroom unit faces north.Heller Murch Reallty
Heller Murch Reallty
Burnaby is known for its oppressive skyscrapers, but the buyer in this case got a bright unit in a solid concrete building in an old part of Burnaby, which has mom-and-pop shops, walkable cafés and restaurants, including famous Anton’s Pasta Bar, and low-rise buildings.
The five-storey Burnaby Heights building, built by Mosaic, is 14 years old, has a communal rooftop patio with panoramic views of the mountains and allows pets and rentals.
The 639-square-foot, one-bedroom faces north, with a lot of windows, ensuite laundry, contemporary kitchen with stone countertops and stainless-steel appliances, in-floor heating, laminate floors and a small balcony.
The action
The kitchen has stone countertops and stainless-steel appliances.Heller Murch Reallty
Listing agent Ian Watt’s client had bought the unit as a presale and lived in the unit for several years, then moved out when he started a family.
The unit had been tenanted but the tenant moved out. They received one offer for the listing price within an hour of showing it, and the seller accepted it. Mr. Watt received another potential offer later that night, but it was too late.
“When priced right, it sells. The problem is, in Vancouver most listings are overpriced.”
The new owner plans to live in the unit. The sale completed the first week of September.
The agent’s take
The five-storey building has a communal rooftop patio.Heller Murch Reallty
“I think the biggest obstacle in selling right now is buyers are looking for today’s market and sellers are holding on to yesteryear’s market,” says Mr. Watt. “If priced appropriately, it will go.
“Sellers are always a little bit behind because they won’t listen. According to the real estate board, it’s a balanced market, but I think it’s a buyer’s market. Any buyer going in with a strong offer can pick and choose and bully the seller a little bit. There are so many listings right now, especially for condos.”