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.