Kits Point Real Estate

Miro Cernetig of the Vancouver Sun sums up the Vancouver real estate market, and particularly Kits Point, in an article earlier this week.

By the standards of our gravity-defying real-estate market, it didn’t sound all that irrationally exuberant: a well-appointed Kits Point pad, with about 1,300 feet of space and a view of the ocean. Price: a cool $1.25 million.

I was thinking perhaps I’d found a nice little top-floor unit, maybe even a penthouse, in one of those rain-stained, dilapidated houses bought by an old Kitsilano hippie who fixed it up and is now cashing in. After all, at $1,000-a-square-foot or so, that would be enough to join the swanksters in one of Coal Harbour’s cool new towers. Ought to be quite a place, I thought, heading out to check it out.

Well, it was no penthouse, dear reader. It was a basement suite in a house. And the view? Well, that was what realtors like to call a peek-a-boo, though I’m not sure you could even call it that. To get your $1.25-million ocean view, you would have to gaze through a ground-level basement window, peek under a thick grove of rhododendron bushes, then across the street — hopefully nobody parks by the sidewalk here — look past Kitsilano Park and then, oooh-la-la! A tantalizing glimpse of English Bay, about two football fields away.

 

Last modified: November 1, 2007