I’ve got a new listing in North Van, and I thought it might be fun to see how things developed. I submitted it this morning around 10:00, and got my first call on it by 12:30. I’m holding an agent’s open Thursday, from 10:30-12:00, and a public open on Sunday, from 2:00 to 4:00.
Its a long time rental property, and is certainly tired, but the Edgemont Village location makes it very desirable. The 2 bedroom, 1 bathroom house is livable and rentable, and currently has tenants, but the value is mainly in the land.
The lot is 8,050 square feet, and fronts Ridgewood Drive (a medium busy street). You can probably build about 4,300 sq. feet of new house. New houses in the area have gone for as high as 2.2 million. A reno’d house on Ridgewood is listed at over $1 million.
The property is 1329 Ridgewood, and is listed for $699,900.