Vancouver home sale at $1 million less than assessed value was too good to be true

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Vancouver home sale at $1 million less than assessed value was too good to be true
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City of Vancouver realizes error in selling Knight Street home for a million dollars less than it was worth in tax sale

Last November, during the City of Vancouver’s annual property tax sale, a 2,600 square-foot duplex on a full-sized lot on Knight Street came up for auction.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.

The only other thing that can prevent the sale at that point is if there was a “manifest error” made in the deal. The city report states that various notices and messages were sent to Burgess without luck for six years before the sale, including two statutory warnings that the property was to be sold for taxes.

“The city has been unable to obtain a death certificate but has no reason to disbelieve the PGT,” the report states. “The owner’s death amounts to a manifest error because the various mandatory notices in advance of the tax sale could not have been received.”Article contentThe report states that Burgess had no will or heirs and that the property may pass to the Crown. at city hall. There are 59 properties for sale, with most being residential.

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