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Done Deals Vancouver Coal Harbour

Blog by Shaun Kimmins | May 29th, 2010

Here's an example of the press surrounding the new Fairmont Pacific Rim. There are currently 5 one bedroom active listings at The Fairmont, one of which has just reduced its price to $788,000.

1011 West Cordova Street, Unit 2504, Vancouver

Asking price: $828,000

Selling price: $820,000

Previous selling price: $624,490 (Jan., 2010)

Taxes: N/A

Days on market: 3

“The Fairmont is the latest and greatest addition to Coal Harbour's coveted Golden Mile,” says agent Holly Wood.

The development was completed in January and there have been several one-bedroom units available for purchase since that time. With this kind of supply, it was important to find a way to make this 731 sq. ft. one-bedroom suite stand out from the rest, says Ms. Wood

To do this, Ms. Wood first set, “the sharpest price with the GST included,” she says. More importantly, “while most of the other units were vacant, this one was tastefully staged,” she adds.

“It makes a world of difference,” she says. “With only two days on the market we got an offer and we also had a back-up offer on the table.”

This unit has city views, a gourmet kitchen with Miele and Sub-zero appliances and Boffi cabinetry, a spa styled bathroom and hardwood floors.

A $390 monthly maintenance fee covers garbage pickup, gardening, gas, heat and the maintenance and use of the building’s amenities which include a pool, jacuzzi, fitness centre and an electronic concierge system to allow residence access to the Fairmount Hotel services, including valet, room service and the spa.

“The Fairmont is definitely one of my favourite new buildings,” says Ms. Wood. The suites, this one included, “have exquisite finishings including a leather door, a pristine interior and all of the world class amenities that the Fairmont has to offer is at your fingertips,” she says. “Plus, the one bedrooms at the Fairmount make an excellent investment due to the rental income potential it has to offer.”

Please contact Shaun directly shaun@shaunkimmins.com to discuss whether it's a good time for you to buy or sell and please feel free to comment on this or any of my other Blogs or visit me at my Century 21 In Town Realty website.