Vancouver real estate: bought $4.2 million in 2018, Marpole

Vancouver real estate: bought $4.2 million in 2018, Marpole house now selling at a loss for $2.9 million


by Carlito Pablo on April 23rd, 2021 at 1:35 PM
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Not everyone gets to make money in the hot real-estate market of Vancouver.
Some risk losing their shirt.
Let’s look at 380 West 62
nd Avenue, a Marpole area property listed this week.
B.C. Assessment record shows that the single-family home on a 50-foot lot was purchased on February 11, 2018 for $4,280,000.
In that year, the provincial assessment agency pegged the value of the two-storey property located east of Cambie Street at $3,130,000.
On August 6, 2019, the same property came on the market, when RE/MAX Real Estate Services listed it for $4,380,000.
No buyer came forward, and so the listing terminated on September 19 of the same year.

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