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Vancouver real estate: unlivable home previously auctioned by city hall sells over asking price for $2.5 million


by Carlito Pablo on February 14th, 2021 at 10:22 AM
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A derelict home with a bit of history with the City of Vancouver recently changed hands.
A buyer purchased 3469 Arbutus Street for $2.5 million, which was over the property’s listing price of $2,395,000.
The listing by Sutton Group-West Coast Realty describes the 2,385-square-foot residence as “not livable”.
An online search produced a report to city council by Marina Marzin, collector of taxes with the City of Vancouver.
Marzin’s report recalled that the city auctioned the property as part of its annual tax sale on November 13, 2019.
“The owner of the Property (the “Owner”) inherited the Property in 1985, and it is mortgage free,” Marzin wrote. ....

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