Strathcona cracks $1-million ceiling
Once seedy neighbourhood now in big demand; a waiting list for homes
KERRY GOLD
July 6, 2007
A house in Strathcona just sold for more than $1-million, a record-setting first.
It's a sign of the times for the city's oldest residential neighbourhood that had been largely ignored by home buyers because of its proximity to the seedy downtown east side.
Nowadays, an area where residents once carried out nightly patrols to combat prostitution has become one of the city's most desirable places to live.
Realtor Rick Stonehouse, who operates from his Strathcona home office, says he has a waiting list of 10 clients looking to buy there. He is encouraged by the recent quick sale of 885 E. Georgia, a 114-year-old heritage house that went for $1,050,000. Other than a slightly wider lot size, it's a fairly typical house for Strathcona, where three-bedroom houses on 25' wide lots now average about $900,000.
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Tuesday, July 10, 2007
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