Stunning Vancouver apartment listed for over $300K less than last sale
If you like throwing lavish parties, a Vancouver apartment recently listed for sale is ideal for “grand entertaining,” but it also comes with a grand price tag.
A corner unit apartment at 428 Beach Crescent recently went up for sale, listed for $7,200,000. That’s more than $700,000 above the home’s assessed value but much lower than it was last sold for.
In 2018, the Vancouver apartment, within walking distance of the city’s best beaches, was sold for $7,520,000.
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Since 2016, the waterfront home has never been assessed for higher than it was in 2019, when it was valued at $7,741,000, according to Zealty.
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While the apartment’s asking price likely puts it out of reach for most average-income earners in Vancouver, the views might make the future homeowner’s friends envious.
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According to the listing, the home features three bedrooms, four bathrooms, and 2,948 sq ft of space. The building is around 20 years old but the unit itself has been kept in immaculate condition.
The home was listed last August for $7,598,000, slightly more than the 2018 sale price.
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“It features sophisticated interiors with floor-to-ceiling windows that frame breathtaking vistas of False Creek, the mountains, English Bay, and Manhattan-style cityscapes,” the listing boasts.
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The home also includes an enclosed den with a media room that features a “climate-controlled glass wine cellar.”
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There’s a window worth looking out from nearly every room except the bathrooms.
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There’s also a balcony where you can bathe in the sun while admiring the city from above it.
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If you were to purchase this home with a five-year fixed-rate mortgage based on a 20% down payment ($1,440,000), you’d be looking at monthly mortgage payments of around $33,000 per month.
Do you think this Vancouver home is worth the asking price?