West Vancouver Homes Bought for Land Value

West Vancouver Home for SaleWith the market still hotter than ever in the greater Vancouver area, many houses are actually being sold for much more than their asking price.  The latest in a long line of these kind of transactions was a two-story Mackenzie Heights house.

The Mackenzie Heights house was put on the market with an asking price of 1.85 million dollars.  After approximately two weeks on the market, the sellers received and accepted an offer for 330,000 dollars above the listing price.

The Vancouver home for sale thus went for 2.18 million dollars.  While many curious visitors and serious lookers strolled by to see the home, the highest bidder quickly took the home off the market.

The fifty foot wide lot was however the main attraction for the buyers.  The 2,500 squre foot character home built in 1937 though quite nice, was not the selling point.  The home, like so many others in the area, was bought for the land value and not the house itself.

The home is equipped with a large hall and a foyer, a living room and fireplace as well as a family room, and formal dinning area.  A wrap-around deck and a built in vacuum system are all likewise boasted by this house.

There are also two bathrooms, an large study area, a den and basement.  Furthermore, the home has hardwood flooring, and a direct access driveway.

While the home itself is beautiful, the realtor said that the most important aspect to many buyers in the area today is the value of the land upon which these homes are built on.  The most sought after commodity at present is therefore apparently large lots that can be used to put up newer, more spacious homes.

Land value is the selling point for many buyers and as such, many older homes will be moved or demolished.  It is a sad fact, but at the moment some buyers are simply more interested in the land than in the homes themselves.

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