Vancouver house sells for 41% below 2018 purchase price

A Vancouver detached house has sold for 41% below its purchase price from two years ago.

The seller originally purchased the property at 3629 Fraser Street for $2,760,000 on 2018/07/21.

But the property sold for just $1,625,000 on 2020/06/23 – a loss of 41.12%.

The property was originally listed as part of a potential land assembly.

“This double lot is sure to be a key-piece in the future development of this block,” the property listing read. “Investing in real estate on an arterial road is a smart move”