It’s a leaky condo.

The buyer must pay cash.

There is no financing available.

RE/MAX Crest Realty mentioned all these upfront in a listing for a Vancouver apartment at Gardenia Villa, a condo development at 2468 East Broadway.

It wasn’t all negative for Unit 502.

The two-bedroom, two-bath condo faces a “beautiful courtyard”.

It has over 1,000 square feet of living space.

Plus, the den could be a third bedroom.

Also, it’s “steps away to public transit”.

For the investment-minded, the listing mentioned that Gradenia Villa is a “potential redevelopment site”.

This means that a developer could buy the entire place for a new project, most likely making some money for owners in the deal.

Well, the leaky condo sold.

Real-estate site Zealty.ca indicated online that the sale was reported on Tuesday (November 16).

The property went for $285,000.

The selling price was below the asking price of $299,000.

RE/MAX Crest Realty listed the condo on October 20. It sold six days later on October 26.

B.C. Assessment placed the value of 502-2468 East Broadway as of July 1, 2019 at $367,000.