Vancouver real estate: leaky East Broadway condo sold for $285,000 in cash-only, no-financing deal

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      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 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.