Spotlight: Condo of the Week

Jan. 13, 2017 | On The Market | By Matt Council

Happy New Year! The first spotlight condo of the year comes as active listings are way down.  While seasonally we expect to see inventory decrease through the December holidays, it is worth noting that total inventory was at a 10-year low of 90 listings.  As of this blogpost, active listings are even lower at 89 (with 24 new listings this week).  I certainly expect listings to "plumpen up" as we head further into winter and approach the Spring, but there is definitely an extremely visible trend of tightening supply.

Today's spotlight condo presents good value in Lower Lonsdale's Admiralty Court at 175 West 4th Street.  Offered at $499,900 ($611/sqft), this 2-bed and 1-bath top floor suite spans 817 sq/ft and is tastefully updated throughout. Features in this 1990's built unit include in-suite laundry, natural gas fireplace, cork floors and a kitchen with stainless steel appliances and quartz countertops. The corner unit allows for two balconies and lots of windows for extra light, and take note only 4 of the restriced 7 units are currently rented (attention investors). Of particular note - only a portion of this wood frame/stucco build has remedial rain screening. As always with a Lower Lonsdale home, you're steps to all the amenities LoLo has to offer, including dining, shopping and transit downtown!

Find more information on this listing at 307-175 West 4th Street, Lower Lonsdale, North Vancouver.

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Listed by: Sutton Centre Realty


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