A distinctive character home in East Vancouver, notable for its rare residential elevator, has changed hands in a sale that highlights the enduring appeal of updated heritage properties in the city's competitive market.
Property Details and Sale Particulars
Located at 1506 Kamloops Street on a corner lot in the Renfrew neighbourhood, this detached home was originally constructed in the 1920s but underwent a significant extension in 1980 that dramatically increased its living space. The property boasts 3,009 square feet of living area distributed across three levels.
The home was listed for $1,899,000 but ultimately sold for $1,780,000 on October 6, after spending just six days on the market. The selling price came in below both the asking price and its BC Assessment value of $1,859,500.
Shafik Ladha PREC of ReMax Westcoast acted as the listing agent, while Carmen Tsang PREC of Macdonald Realty Westmar represented the buyer in the transaction.
Unique Features and Layout
What sets this property apart from other character homes is the installation of an elevator providing access from the basement to the main floor, an unusual amenity in residential properties of this era.
The home's generous layout includes five bedrooms and three bathrooms strategically placed throughout the three levels. The top floor contains two bedrooms, while the main level features one bedroom adjacent to the principal reception rooms. The basement level includes two additional bedrooms alongside a full living area, kitchen space, flexible rooms, laundry facilities, and walkout access to the backyard.
This versatile basement configuration presents opportunities for a mortgage helper suite or accommodation for elderly relatives or guests, adding to the property's functional appeal.
Updates and Outdoor Space
Over the years, the property has seen numerous important updates including improvements to the roof, gutters, windows, hot water tank, and furnace. The oil tank has also been removed, addressing a common concern with older Vancouver homes.
The exterior features a charming white picket fence enclosing the back garden, which includes patio areas and flower bed borders, creating an inviting outdoor retreat in the heart of the city.
The combination of heritage charm, modern conveniences, and unique features like the elevator made this East Vancouver character home a standout property in the local real estate market.
