Condo in Burnaby, B.C., sells well below assessed value

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Condo in Burnaby, B.C., sells well below assessed value
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The Burnaby North had originally been priced at $998,000, but was reduced to sell.

The unit sold well below the assessed value of $1.036-million. It had originally been priced at $998,000, but was reduced to sell. “The sellers need more space and are moving into a house,” listing agent Bryan Yan said. The buyers plan to live in the unit.The southwest corner unit is large, at 1,165 square feet, because it is in a 12-year-old building.

The three-bedroom sub-penthouse suite is in Burnaby North, with unobstructed mountain and city views. It has two bathrooms, lots of natural light, over-height ceilings, along with new engineered oak floors, updated kitchen and two large balconies. Rentals are allowed.Mr. Yan said the biggest selling feature was the unit’s central location, it is close to two SkyTrain stations, Brentwood shopping district, Simon Fraser University and highway access. Brentwood is undergoing massive growth.

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