These are the top five bargain properties in Vancouver right now

Aug 13 2019, 7:00 am

When it comes to finding the best home deals, insider information is always a bonus. With the Vancouver housing market being notoriously expensive going from affordable to outrageous, we are all in desperate need of some good news and good deals. 

That’s where these homes come in. They are listed well below government assessed value, are under $1 million, and fresh on the market. It’s the cream of the crop of home deals.

How it works is the BC government analyzes and gives a price based on each property’s factors like size, layout, shape, age, neighbourhood, the condition of the property and more. When listing prices appear lower than as compared to government value, these incredible value-for-money homes set off alarm bells, demanding to be seen and bought. 

These are the top 5 property bargains in the city this month:

3090 Kings Avenue: $725,000 (46% below assessed value)

3090 Kings Avenue, courtesy of Italo Fionda via roomvu.com

This is a seven bedroom, three bathroom house listed for sale by agent Italo Fionda of RE/MAX Crest Realty. They are asking $725,000 while the assessed value for this property is $1,333,800.

Features: 

This is a rare blue gem! Aside from its vibrant shade of blue, for a 50% freehold interest, you can get this desirable property. Walking distance to 29th SkyTrain station, schools and recreation facilities. Spacious second floor unit and loft with a large deck and panoramic views of the North Shore mountains and Vancouver cityscape. You are purchasing 50% of the whole property which consists of two separate living accommodations. Each owner has exclusive use of their designated unit as stipulated in the Co-ownership Agreement.

301-4542 West 10th Avenue: $968,000 (22% below assessed value)

301-4542 W 10th Avenue, courtesy of Abbott Fong via roomvu.com

This is a two bedroom, two bathroom condo listed for sale by agent Abbott Fong of Royal Pacific Realty Corp. They are asking $968,000, while the assessed value for this property is $1,239,000.

Features: 

One of the bigger end units for sale in this concrete building with an open courtyard design. Unit faces northwest. Priced at $810.00 per square foot, the unit is approximately 18 years old, so bring your decorating ideas. Large corner parking spot with a full size locker. The den has a window and can be used as a third bedroom. 

2701-610 Granville Street $728,000 (21% below assessed value)

2701-610 Granville Street, courtesy of Vessie Chela via roomvu.com

This is a one bedroom, one bathroom condo listed for sale by agent Vessie Chela PREC* of RE/MAX Masters Realty. They are asking $728,000 while the assessed value for this property is $926,000.

Features:

Beautiful and sunny southwest corner unit at “The Hudson.” Amazing sunsets views of the ocean, North Shore Mountains and the Sparkling lights of downtown. This home offers loads of light, an efficient open floor plan, kitchen with granite countertops, eating bar, loads of cabinets, sunny solarium, perfect for a “dinner in the sky experience” and spacious bedroom with walk-through closet. The Hudson is a very popular, Live/Work zoned, pet/rental friendly property with 24/7 concierge, gym, lounge, and SkyTrain under the building.

207-2080 Maple Street: $440,000 (19% below assessed value)

207-2080 Maple Street, courtesy of Anna Torrance via roomvu.com

This is a 1 bedroom, 1 bathroom Condo listed for sale by agent Anna Torrance of RE/MAX Crest Realty. They are asking $440,000 while the assessed value for this property is $543,200.

Features: 

Beautiful one bed in Kitsilano with mountain and city views. Just a few blocks from parks, seawall, Granville Island, restaurants, shopping and transportation. Quiet corner suite with wrap-around balcony and view. Lots of updates, bamboo kitchen cupboards, granite counters, s/s appliances, slate backsplash, laminated floors with new baseboards. New tub and toilet.

209-2238 Eton Street: $529,000 (18% below assessed value)

2238 Eton Street, courtesy via roomvu.com

This is a two bedroom, one bathroom condo (Update: This property is no longer on the market. They were asking $529,000 while the assessed value for this property is $647,000.)

Features: 

The best value in Hastings. This bright, move-in ready home is in immaculate condition on a quiet, tree-lined street. This home features updated laminate floors and kitchen, and a brand new washer and dryer. The large master bedroom has plenty of room for your king-sized bed. Enjoy day-long sun in your solarium. Only steps to Hastings Sunrise shopping, breweries, schools, transit and restaurants. Secure underground parking and bike storage.

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