Continuing to chase Vancouver investment property, investors are willing to pay a hefty price to get their hands on any.
A report by the Globe and Mail says that a small city apartment block was recently listed for $3.199 million with the owner hoping to make slightly more. He and his real estate agents were surprised when it sold for more than $1 million over asking price, totaling $4.28 million.
This particular property was sold to an investor who plans to renovate and keep it as a long-term investment.
I want to be a landlord, What Can I Buy?