Vancouver home SOLD for more than half a million over asking

“Real Estate market is steamy hot in Vancouver” says Navtaj Chandhoke, founder of Professional Real Estate Investors Group (PREIG) Canada, “Great quality neighborhood with large lots can dictate unbelievable price in Vancouver”

This property located on7289 Waverley Avenue, Burnaby had 5-bedroom, 2-bathroom, detached house with approximately 3,408 square foot. Based upon British Columbia Assessment of 2011, its value should be approximately $850,800.00. This property was listed on Multiple Listing service MLS for $1.198 million dollars.

This property get sold for $1.738 million dollars within a week time $540,000.00 dollars over asking price! Wow!

This property was built in  1940s   A renovated home combined with a 14,000-square-foot flat lot on a street lined with cherry trees and in proximity to Metrotown and the SkyTrain.

Should the buyers want to rebuild, the zoning dictates that the maximum house size allowed on a lot of these proportions is just less than 4,800 square feet, but can all be above grade. Currently, the home has two levels and a basement with an open-plan kitchen and family room. French doors lead to a large deck that overlooks a park-like oasis with a secluded patio and landscaped garden with a cedar decking.

“I am sure people in United State must be wondering that north of US is incredibility great market while they are suffering worst than great depression of 1930” says Navtaj Chandhoke, Vice President of World Wealth builders, a Canadian centre for Canadian real Estate Investors education and mentoring centre serving Canadians since 1993.