Townhouse for sale


#1

Townhouse for sale. The realtor said it is fine that the link is put here in our forum. I’m putting this here for a colleague.

Townhouse for sale


#2

Yeah buddy 250k for a 1200 sq ft townhouse lol


#3

LOL crazy price for an apartment … I would never pay that even if I could afford it wow


#4

Just to show how the prices have increased over the years. back in '87 we looked at a house which then was listed for $84,000 was just sold for around $465,000. Work has been done over the years on it and it does have a view. (Prince Rupert blvd).


#5

Here are some comparables. Maybe the asking price is fair considering the market in BC and the north.

1 bedroom in Terrace.
remax.ca/bc/terrace-real-est … 542886-lst

2 bedroom in Terrace.
remax.ca/bc/terrace-real-est … 249835-lst

3 bedroom in Kitimat.
remax.ca/bc/kitimat-real-est … 670699-lst

3 bedroom in Squamish.
squamishrealestate.com/listings/2752

3 bedroom in Telkwa.
smithersbcremax.ca/listing/1 … v0j%202x0/


#6

Re: Townhouse for sale

$84000 @ 7% return for 25 years = $455904

  • for 27 years (1987 - 2014) = $521964

That increase seems to be on par with what you’d expect for a return (markets are said to return around 7% annually - that is why I took that number). Good to see people can get a fair return although you likely wouldn’t have that if you shifted the 25 years to say 1980 - 2005. That stretch I’m guessing would have been close to 2% return on an $84000 (im guessing $137000 would have been close to the market rate - maybe higher as the container port was announced that year and prices rose drastically)

Buying in Rupert is so tough because you have supply/demand issues locally, mortgage rates nationally, out of market money coming into a previously depressed market, speculative investors, weather damage etc. That said something is only worth what someone else will pay for it.


#7

The owner of the Townhouse let me know that the price is negotiable. If interested please contact the realtor.


#8

The price of the Townhouse has been reduced. Please contact the realtor if interested in viewing the property.


#9

lol @ 237, 500

but someone out there just may be foolish enough to pay that

agents.royallepage.ca/princerupe … Id=2320562


#10

[quote=“jamesbrown”]lol @ 237, 500

but someone out there just may be foolish enough to pay that

agents.royallepage.ca/princerupe … Id=2320562[/quote]

Have you seen some of the prices that houses/trailers have sold for ??? People have been paying inflated prices for crap property for awhile now. This townhouse though is not crappy. It has been renovated.


#11

Seller is moving and motivated to sell, contact the realtor to make an offer.


#12

There has been a further price reduction! Contact the realtor if you are interested in making an offer.


#13

The price has been reduced today to $224 900. If you’re interested please contact the realtor.


#14

The price has been reduced to $209,900. If you’re interested please contact the realtor.


#15