Vancouver home sees notable drop in value compared to 2016 sale
The owner of a Vancouver home last sold nine years ago didn’t see a notable return on investment in its most recent sale.
The property, located at 3256 West 21st Ave., was sold last week for $5,150,000 under the asking price of $5,480,000.
According to Zealty, the home was built in 2015, and in 2016, it sold for $5,630,000 and was listed nine times between then and last week’s sale.
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Sutton Group 1st West Realty
Following the 2016 sale, the home was put on the market again in 2018, when it was listed for $6,688,000. That listing expired in February 2019 and was relisted the same month for much less ($5,880,000).
Sutton Group 1st West Realty
It was relisted at the same price once more in the summer of 2019 and then stayed off the market until 2023. Between 2023 and 2024, it was listed four more times, with each listing valued at around $5.5 million until the most recent listing, which finally found a buyer.
Sutton Group 1st West Realty
This year, the home achieved its highest assessed value of $5,693,000. Land value makes up for $3,583,000 of that amount.
Sutton Group 1st West Realty
The home features four bedrooms and five bathrooms, with 3,620 sq. ft. of space.
Numbers aside, the home includes interesting features not found in many properties, like fireside mini golf on the roof. Well, it’s actually just a tiny putting green, but the listing calls it mini golf.
Sutton Group 1st West Realty
The property is located west of Trafalgar Park and Arbutus Ridge and is surrounded by many other parks and schools. There are also many restaurants and grocery stores in the area.
According to the listing, the home “offers very impressive interior designs of Chinese & Modem style.”
The home has three levels, and the basement includes a recreation room with a designer wine rack and wet bar. There’s also a media room.
Despite the loss in value compared to the 2016 sale, the home still sold well above the benchmark price of a detached house in Vancouver ($2,005,400), according to Greater Vancouver Realtors’ most recent market report.