Vancouver real estate: heritage home gets multiple bids and sells for $2.85 million, $652,000 over listed price

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      The molten-hot market for homes shows no signs of cooling down.

      There’s another huge sale in Vancouver, and it involves a 109-year-old heritage home in the neighbourhood of Kitsilano.

      The 1912-era property went $652,000 over its listed price.

      The home at 2304 Dunbar Street sold for $2.85 million after spending eight days on the market.

      The three-storey home built was listed on March 11, 2021 for $2,198,000.

      B.C. Assessment placed the 2021 value of the five-bedroom, three-bath property as of July 1, 2020 at $2,179,000.       

      RE/MAX Crest Realty agent Jamie Stewart said that the property received nine bids.

      “I had very, very close offers,” Stewart told the Straight in a phone interview Monday (March 22).

      Stewart’s sellers accepted the $2.85 million offer on March 19.

      The deal reminds Stewart of another sale she did about five years ago.

      That one sold over a million dollars above its listed price.

      On April 4, 2016, the realtor sold a home at 3479 West 19th Avenue for $4,190,000.

      The listed price was $3,188,000, which means a buyer paid $1,002,000 over the original asking price.

      “It feels like 2015, 2016 right now,” Stewart said.

      But as the realtor also noted, the market is not there “quite yet”.

      “It’s getting busier, and we think after Easter, we’re going to get even more momentum to the market,” Stewart said.

      The Straight learned about 2304 Dunbar Street from Sutton Group West Coast Realty agent David Hutchinson.

      A client of Hutchinson made on offer on the property.

      “I had a client moving from West Vancouver that was interested in the Kitsilano area, and made an offer,” Hutchinson related.

      However, the offer did not succeed.

      “We came up short,” Hutchinson said. “It turns out we came up short by a few hundred thousand dollars.”

      Back of 2304 Dunbar Street, which includes a garden-level rental suite.

      The five-bedroom, three-bath home is included in the Vancouver Heritage Register.

      Located at a corner of Dunbar Street and West 7th Avenue, the register classifies the property in the B  category, which means it is of significant heritage value.

      A B category property represents “good examples of a particular style or type, either individually or collectively”.

      Or, it “may have some documented historical or cultural significance in a neighbourhood”.

      According to the Vancouver Heritage Foundation, 2304 Dunbar Street was built in 1912 by J.E. Atkins.

      It was one of a number of houses built at the same time by Atkins in Kitsilano, the four others being 2338, 2334, 2316, 2312, and 2308 Dunbar Street.

      “The houses were also listed at one point as 2120-42 Collingwood, and 3457-61 W 6th Avenue,” the Vancouver Heritage Foundation relates online.