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4483 Cove Cliff Rd., North Vancouver, B.C.
Asking price: $1,798,800 (Feb. 11)
Selling price: $2,150,000 (Feb. 27)
Days on the market: 16
Taxes: $6,861.32 (2023)
Listing agent: Patricia Houlihan, Coldwell Banker Prestige Realty
What they got
The 102-year-old cottage had undergone updates.Supplied
Supplied
The 102-year-old cottage had undergone updates and has a lot of exposed wood and craftsmanship on the interior. There’s also a detached suite, office studio as well as RV parking on the property.
Located in Deep Cove, it is surrounded by trees with nearby trails and ocean views. The 2,025 square-foot home with three bedrooms and two bathrooms sits on a 6,000-square-foot lot.
The long-time owners installed ample decks and landscaping and the well-maintained character home presented well. But the upstairs floor did have low ceilings, which wouldn’t have appealed to everyone.
The action
The home features exposed wood and craftsmanship on the interior.Supplied
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Listing agent Patricia Houlihan got a few offers on the house and the sellers accepted the highest one.
“The market was going crazy,” she says of the first quarter, when there was little inventory and a lot of demand.
Most of the offers that came in were either the asking price or higher.
“Usually there is someone who really wants it and they knock it out of the park,” she said.
The sellers had lived in the home for 33 years and wanted to move closer to their children.
The deal completed July 17.
The agent’s take
The home has a detached suite.Supplied
Although the first part of the year was a frenzy, it quickly cooled by spring. Now, it’s a buyers’ market, says Ms. Houlihan.
“You are way better off to buy right now because if rates come down everybody will bid prices up again,” she says.
“There is opportunity to buy without competing; a lot of choice because of way too many listings for buyers out there; and they can control what’s going on, they can make lower offers. There are tons of subject-to-sales now.”