Most and least expensive homes sold on the North Shore in March and April

Warmer spring days traditionally signal the busiest real estate season of the year on the North Shore. The past month has been no exception, despite high interest rates that have yet to take a cut.

“The market’s a little tumultuous,” said West Vancouver real estate agent Derek Grech of The Partners Real Estate. “There must be hundreds of people waiting to see if it’s the right time or not.”

Jason Rossetti of Rossetti Realty in North Vancouver said despite the slow start to the spring real estate season, interest in North Vancouver listings has gone up in the past two weeks. Central Lonsdale and Lynn Valley are proving popular neighbourhoods with buyers in North Vancouver, while Ambleside and Dundarave are the popular neighbourhoods in West Van.

Prices have yet to budge significantly, with the price of a benchmark home in North Vancouver sitting at just under $2.28 million and the price of a benchmark home at West Vancouver clocking in at $3.32 million.

Here’s a look at some of the most and least expensive homes to sell on the North Shore over the past two months:

Most expensive detached home

The most expensive detached home to sell recently is a four-bedroom, five-bathroom, 5,300-square-foot home on the West Vancouver waterfront at 3050 Proctor Ave.

The 25-year-old luxury home architecturally designed by Gordon Hlynsky architects and built by Bradner Homes sold April 28 for $11.65 million by Malcolm and Max Hasman of Angell Hasman & Associates after one month on the market. The extensively updated home features two private beachside terraces, infinity swimming pool and spa. The home was last assessed at $10.34 million and last sold in 2016 for $10.58 million.

Most expensive townhouse

The most expensive townhouse to sell on the North Shore in March and April was a townhouse in West Vancouver’s Westpointe building in the Panorama Village development at 2314 Folkstone Way. The 3,000-square-foot, 36-year-old townhouse sold for $2.7 million by Virani Real Estate April 5.

The three-bedroom, three-bath duplex style features panoramic ocean views. Notable features include engineered hardwood floors, stainless appliances, marble baths, heated bathroom floors, and multiple patios. Amenities in the development include a full-size tennis court and swimming pool.

The townhouse was most recently assessed at $2.45 million. It sold in 2004 for $879,000.

Most expensive apartment

The most expensive apartment to sell this spring went for an incredible $9 million at 111 – 18th Street in West Vancouver. The three-bedroom, four-bathroom, 3100-square-foot apartment on the Ambleside waterfront takes up the entire tenth floor of West Vancouver’s Seawalk Place, adjacent to John Lawson Park and near to the historic Navvy Jack House. It sold on April 12 just one day after it was listed. Listing agent Derek Grech said while the apartment is in one of Ambleside’s older buildings, it was thoroughly renovated by the previous owners. The couple who bought it are thrilled to be able to look out over the Lions Gate Bridge and across to Stanley Park in the centre of the waterfront action, he said, adding that being in the apartment is “like being on a cruise ship.”

The apartment was most recently assessed at around $5.7 million.

Least expensive detached home

The least expensive detached home to sell recently on the North Shore was a four-bedroom, two-bathroom home at 1873 West 15th St. in North Vancouver’s Norgate neighbourhood, right across the street from Norgate Park.

The 73-year-old, 1,300-square-foot rancher is one of the neighbourhood’s originals, built in 1951, which sits on a 6,000-square-foot lot with a south-facing back yard. The property is steps from the Spirit Trail, Norgate School and shopping.

It sold for $1.265 million March 13 after one month on the market. The property was last assessed at $1.5 million.

Least expensive townhouse

The least expensive townhouse to sell recently on the North Shore was a three-storey, three-bedroom, one-bathroom unit in Westlynn’s Mountain Estates at 108 – 1950 Cedar Village Crescent. The almost 1,800-square-foot townhouse sold March 2 for $805,000 after 17 days on the market. The townhouse features a spacious living and dining area with a gas fireplace and 300-square-foot deck. The downstairs level includes a large rec room, den and “flex” area that could be home office or a playroom. The townhouse is steps to Kirkstone Park and Lynn Valley Centre. The townhouse complex is built on land leased from the City of North Vancouver.

The townhouse was last assessed at just over $1 million and sold in 2012 for $465,000.

Least expensive apartment

The least expensive apartment to sell recently was a ground level unit in a 60-year-old Ambleside co-op apartment complex at 107 – 1425 Esquimalt Ave. in West Vancouver. The 650-square-foot one-bedroom apartment includes a covered balcony and floor-to-ceiling windows. Building amenities include an indoor and outdoor pool, hot tub, sauna, gym, party room, gardens and free laundry.

The apartment sold for $390,000 March 15 after just four days on the market.

Co-op ownership structures were more popular in the 1960s when this apartment complex was built but are rarer today. Co-op purchases usually require a 35 per cent down payment and buyers are usually limited in their choice of lenders.