This 1910 heritage house at 1631 Collingwood Street in Kitsilano is a very liveable old house. It sold for $2.35 M, just under list price, in 18 days, on April 28th, 2012. The sale price was also just under the 2012 property assessment value of $2.346M.
The house was completely renovated, with new foundation, wiring, and plumbing in 1997. At the time it was lifted to create 8 ft ceilings in the basement. It has high quality interior finishings and new windows throughout. The house is large, 3727 sq ft, on a small 3460 sq ft lot. This is typical for Kitsilano, where houses are crowded close together in a fashion that would never meet the setback standards of modern building lots. It is not desirable to tear down this house because one would only be able to replace it with a 2,076 sq ft new house. Kitsilano is one area in the city where heritage style is maintained and old houses are renovated, or restored.
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This house is a legal duplex, as are many of the other houses in the area. It is a relatively affordable area in Vancouver for people with a standard working income because part of the house can be rented out if the whole house is purchased. Kitsilano is a vibrant neighborhood with easy access to the University of British Columbia and direct access to the beach. A happening place, that one might be able to afford.
MLS# V942297 List price:$2.388M Sold: $2.35M. 2011 Assessment:$2.081M. 2012 assessment: $2.346.