April clearly established itself as the front-runner month for local real estate in early 2023, with not only six property sales, but three which would have been the highest on the island through March.
Of course this means one of April’s sales is this year’s new high, not long after March had set this mark. And by a fair margin too, a purchase early in the month clearing March’s top sale by more than $1 million.
Seven figures separate the $1.545 million Captains Way Road house from the property at 839 Seymour Bay Drive, which closed for $2.6 million. The four-bedroom, four-bathroom home, measuring at 2,636 square feet and sitting on a 0.48 acre lot, stands above the ninth hole of the Bowen Island Golf Course.
The one-storey house is eight years old, and was on the market for 57 days while dropping slightly from the original $2.79 million ask to complete the sale. The home features sweeping views stretching from Vancouver Island to Cypress Mountain. They can be enjoyed from the multiple decks, or from inside with 10 feet of space from floor to ceiling. There’s also a one-bedroom guest suite on the property.
April had another property sale for more than $2 million, but there’s no house on the land right now. And while it may have gone for less than the Seymour Bay House, the 47-acre piece of land in the Bluewater neighbourhood has had no equal size-wise on the island for awhile.
The lot, designated as District Lot 3042, sits east of Windjammer Road and is accessible by Schooner Lane. The final price came down $298,000 since first being listed 170 days prior to sale, landing at $2.2 million. The property was advertised as “one of the few remaining undeveloped large acreage parcels of privately-held land on Bowen,” and suggested a subdivision or private home as potential uses for what is currently a large forested lot.
And finally, the third highest sale of the month was at 1662 Adams Road. It didn’t eclipse the $2 million mark, but on its own the two-bedroom, three-bathroom coach house would have been the island’s top selling house prior to April after going for $1.75 million.
The two-storey home was on the market for 124 days and originally listed for $1.9 million. The three-decade old home is 3,123 square feet, with the lot on the larger side at 1.51 acres. An 805 square foot guest house is also on the property. As expected with a large outdoor space, the grounds are complete with generous amounts of trees and garden space.
And, in what is becoming a trend, for the third straight month a property sold on Keats Island. April’s sale of a two-bedroom, two-bath house at 443 Collingwood Road was by far the highest of the three at $910,000, more than double what a cabin sold for on the island in March.
The 1.5-storey home made a brief 10-day appearance on the market, and ended up going for over the listing price of $899,000. It’s the first house to sell on Keats this year, following the sale of a vacant lot and a cabin – though like March’s cabin the April house is listed as an “Old Timer”. The home measures 1,726 square feet, the lot 0.42 acres, and its elevation on the east side of the island allows for unobstructed views to the mainland and Cypress Mountain.
Note* Dates are based off day of reported sale.