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When that house and yard get to be too much to handle, many seniors trade in their lawn mowers and opt for condos with plenty of square footage plus onsite amenities. In New West, two-bedroom units (you want enough space, but not too much) make up almost half of the current listings with 76 distinct choices for buyers. These two-bedrooms start at $185,900 for a 911-square-foot old timer in Uptown’s Casa Del Ray to $1,150,000 for a 2,200-square-foot perch in Palace Quay in Fraserview. In between there’s a gamut of choice including nine brand-new and preconstruction homes in two complexes: Parkside in Fraserview and Riversky 2 in the Quay neighbourhood.
Uptown
Uptown offers seniors (and others) easy access to shopping and there are some fine parks in the neighbourhood too. There are 55 active listings, including 22 two-bedroom units. The most economical two-bed home here is going to cost you $204,000; it’s a unit in the older Regency Court complex and it’s been on the market for ages – since October 2014. There may be an opportunity to make a lowball offer and spend your savings on upgrades.
A look at six recent area sales shows owners happy to entertain offers. Two-thirds of the properties went for below asking (anywhere from one to six per cent less); one went right at list; and only one went for more than asking. That was a two-bedroom in Cornwall Terrace that spent 11 days on the market before being passed on to new owners for four per cent more than the $279,900 list price.
Downtown
This neighbourhood has lots to offer downsizing seniors too including easy access to SkyTrain and great vistas and walks along the Fraser River. If this is where your heart lies, check out the 28 active listings; 18 of which have two bedrooms. The least expensive two-bed option is $291,500 for a home in The Peppertree while the priciest choice will set you back $549,900 for a 1,500-square-foot home with an address at Tiffany Shores.
Sales have been steady in Downtown New West. A review of five recent ones indicates several happy sellers. Only one property went for under list (a one-bedroom in Brickstone Walk – one per cent less than its $289,000 list price after 20 days) while the other four condos sold for two, three, five and six per cent over.
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