I love real estate shows, especially Million Dollar Listing Los Angeles.
One of the common conversations these real estate agents have with their clients involves setting a fair price.
The sellers always have these grand dreams about how much their properties are worth and the real estate agents always have to talk them down to reality.
It must be a tough job to set the right price so a property doesn’t languish on the market before the inevitable price reduction.
I thought about this after seeing #1 on Roomvu’s latest top-9 list of expensive Burnaby properties in the first two weeks of December.
It’s at 3773 Burke St. and is somehow price at a staggering $4.5 million. It’s six bedrooms and two bathrooms on a 17,000-square-foot lot. I mean it’s not a bad house, but $4.5 million? Are you kidding me? It looks pretty old – maybe 1980s?
Is this wishful thinking or is this really where the market is at right now? Because if that’s where the market is then many buyers are in trouble.
Anyways, here is the full top-9 list for you to peruse.
3773 BURKE STREET: $4.50 million
This is a 6 bedrooms, 2 bathroom House, listed for sale by agent Tracy Hu PREC* for $4.50 million
This property features: 17,000 sqft lot S facing,special about this property is there are 3 potential lots approximately , bonus is quality custom built home at very central location with 4 bedrooms up, 2 bedrooms and 1 bedroom suites down generating high income from suites as mortgage helper. Close to Central Park, restaurants, and public transit. 5 minutes drive to Metrotown, also close to Moscrop Secondary. Good investment for live, rent or build your dream home in the future.
7291 BROADWAY: $3.19 million
This is a 6 bedrooms, 5 bathroom House, listed for sale by agent Omid Khosravi PREC* for $3.19 million
This property features: Developer Alert or Privacy Plus! This beautiful North Burnaby home is situated on a 29,419 sqft lot with an unobstructed south view. Custom designed to perfection with 10 ft ceilings featuring a gourmet kitchen, two huge master bedrooms with ensuite jacuzzis, and plenty of room for entertaining with a theatre room, adjoining bar, and several balconies and huge patio. Close to all levels of schools including SFU, Burnaby North Secondary, and Montecito Elementary. Other amenities include Shopping, Burnaby Mountain Golf Course, Burnaby Lake, Kensington and Fortius Sports Complexes, Skytrain and easy access to the Highway. This lot has development potential with possible subdivision keeping the existing home, contact us to learn more.
6270 NAPIER STREET: $2.89 million
This is a 6 bedrooms, 7 bathroom House, listed for sale by agent William Chim for $2.89 million. This property features: A professional high quality home locate in quiet neighborhood just a few steps away to Burnaby North Secondary, SFU, Kensington Square, and transits. This bright 7 bed + 7 bath custom designed home features dark cherry maple hardwood flooring, good ceiling heights throughout the living area, solid doors, Starline windows, HRV, A/C, Video security system & built-in sound system, granite tiles, solid maple staircase, luxury Jenn-Air Appliances in kitchen, Tankless water heater, Viessmann boiler, Detailed crown molding, numerous storages and walkin closets in all Bedrooms, fantastic landscape with an outdoor fireplace in the backyard, two separate entry, 2 bedroom suite for mortgage helper, pleasure to show.
6751 6TH STREET: $2.68 million
This is a 9 bedrooms, 6 bathroom House, listed for sale by agent Tracy Niu PREC* for $2.68 million. This property features: You must see this most wonderful designed and built house proudly sitting on an impeccable 8,968 sqft lot, located on a desirable quiet street in Burnaby Lake Area. Minutes walk to Lakeview Elementary, park and bus stations;10 minutes' driving to Highgate Village and Metro town centre. 69 feet wide frontage, grand portal with covered porch. Modern design with beautiful colour and perfect layout; high quality appliances; air conditioning and HRV system; Built-in speaker, Vacuum; 4-cam security system. Huge walk-in closets and in-suite bathroom in master bedroom with beautiful mountain view. 1 legal rental suite with 2 BR and 1 guest suite with 2 BR in basement, both with separated entrance. 10 minutes walk to enjoy the trail in Robert Burnaby Park.
3965 PANDORA STREET: $2.48 million
This is a 7 bedrooms, 6 bathroom House, listed for sale by agent Daniel Zhou for $2.48 million. This property features: A modern & contemporary luxury home. Its south facing, lots of natural light. It features 10 ft ceiling on Main floor, solid wood stairs, extensive use of engineer hardwood & Italian marble floors, granite countertop, gourmet kitchen and wok kitchen, Central A/C, HRV, In-floor radiant heat, 200Amp, low maintenance, private central deck. Basement has a 2 bedroom suite for great mortgage helper. Centrally located, walk to school, Hastings shopping & transit.
5328 PARKER STREET: $2.39 million
This is a 7 bedrooms, 6 bathroom House, listed for sale by agent Jasbir Gandham for $2.39 million. This property features: Centrally located home-Close to Brentwood Mall, Transit, Skytrain & highways - walking distance to elementary and high school - easy access to S.F.U. - top quality throughout - 8' high doors at both main and top floor - total 7/8 bedrooms - 6 1/2 bathrooms - legal suite - high efficiency boiler - hot water radiant heat - air condition H.R.V. - alarm system - video cameras outside - spice kitchen - all appliances of top quality - built in vacuum system - 2,5,10 year warranty - all measurements are approximate & must be verified if deemed necessary.
4339 CHARLES STREET: $2.28 million
This is a 5 bedrooms, 6 bathroom House, listed for sale by agent Tracy Niu PREC* for $2.28 million. This property features: Custom built, luxury stone cladding exterior wall, top of the line material, elegant & timeless design, high ceiling open concept layout. Central location, walking distance to Amazing Brentwood, high-end shopping, restaurants etc. Close to parks and rec centre, schools and playground. Top brand appliances, plumbing fixtures toilets etc. A/C HRV, Subzero fridge+ Bosch appliances. Master Bath equipped with Kohler air bubble tub and steam shower. Schonbek swarovski chandelier, high-end American walnut flooring. Perfect balance between convenience and privacy.
3767 ELMWOOD STREET: $2.28 million
This is a 5 bedrooms, 6 bathroom House, listed for sale by agent Dominic Shu PREC* for $2.28 million. This property features: Great Location in Burnaby Hospital area. South-facing 3411 sf of bright open spaces like new luxury 5 bedrooms (all with ensuite) and 5.5 bathrooms house. Huge gourmet kitchen with entertainer's island and spice kitchen. Air-conditioning, radiant heating on all three floors, security system and built-in cameras. One bedroom legal suite.
7708 MCGREGOR AVENUE: $1.88 million
This is a 9 bedrooms, 4 bathroom House, listed for sale by agent Owen Liu PREC* for $1.88 million. This property features: Rarely found 8 bedroom 4 bathroom fully renovated home in PRIME central location. Huge 53x184 lot feels like the country yet short walk to everywhere.