East Vancouver cottage of 444 square feet sells for over $1.5 million

East Vancouver cottage of 444 square feet sells for over $1.5 million


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  • This one-bedroom rancher at 1280 East 33rd Avenue was built in 1944.

The cottage is tucked at the back of its own lot in East Vancouver.

There’s no bigger house in front of this lodge that measures 444 square feet.

 

The small home at 1280 East 33rd Avenue contains a bedroom, a living room that functions as dining area as well, kitchen, and a bath.

 

It was built in 1944, and there’s a chance it will be replaced with a new development.

This is because the cottage was sold recently for $1,550,000.

The listing for the property noted that the site presents a “great opportunity to build a duplex in a fabulous location”.

 

The Straight sought the listing agent for more details about this Vancouver real estate, and will update this story when additional information is available.

The sold price equals $3,491 per square foot of the existing tiny home.

One interesting thing about this sale is that 1280 East 33rd Avenue made more money than what the property next door to the west did last year.

On May 11, 2021, the property at 1260 East 33rd Avenue sold for $1,325,000.

The house at this neighbouring site is 1,630 square feet, which means it’s about three to four times bigger than that of 1280 East 33rd Avenue.

The two homes sit on 33-foot lots.

The Straight asked longtime Vancouver realtor David Hutchinson about what he thinks regarding the two properties.

“Although one house is larger than the other, detached house sales are mostly based on land value,” Hutchinson said.

Hutchinson noted that assessed values of both properties are about the same.

The property at 1280 East 33rd Avenue has a 2022 assessment of $1,420,900.

That’s $1,412,000 for the 33-foot by 118.5-foot lot, and $8,900 for the cottage.

The property at 1260 East 33rd has a 2022 assessment of $1,469,000.

This is broken into $1,409,000 for the 33-foot by 117.7-foot lot, and $60,000 for the rancher with basement.

“What a difference a year makes: the smaller house sold at a higher price because the market had gone up quite a bit,” Hutchinson said.

This property next door at 1260 East 33<sup>rd</sup> Avenue sold in 2021 for $1,325,000.This property next door at 1260 East 33rd Avenue sold in 2021 for $1,325,000.

The Sutton Group-West Coast Realty also noted that 1280 East 33rd Avenue is the smallest detached house he’s ever run across in Vancouver.

“I don't know the complete history of the 78-year-old home, and whether it was always that way, or the structure at the front of the property was removed at some time,” Hutchinson said.

“But in any case,” the realtor continued, “it's absolutely amazing that a detached house like this even exists in the city.”

Another interesting thing is that 1280 East 33rd Avenue sold on the same day as the property at its east side, 1294 East 33rd Avenue on March 29, 2022.

The property at 1294 East 33rd Avenue has a 33-foot by 118-foot lot, and a 2,443-square-foot house with three bedrooms and two baths.

This particular Vancouver real estate sold for $1,750,000.

Its 2022 assessment is $1,454,100, which is comparable to 1280 East 33rd Avenue and 1260 East 33rd Avenue.

This adjacent property at 1294 East 33<sup>rd</sup> Avenue sold on the same day as 1280 East 33<sup>rd</sup> Avenue for $1,750,000.This adjacent property at 1294 East 33rd Avenue sold on the same day as 1280 East 33rd Avenue for $1,750,000.

It’s also interesting to note that based on tracking by real-estate site Zealty.ca, the sellers of the three properties have one listing agency, Stilhavn Real Estate Services.

Here’s an aerial look at these properties.

The cottage at 1280 East 33rd Avenue is sandwiched by 1260 East 33rd Avenue (left) and 1294 East 33rd Avenue.The cottage at 1280 East 33rd Avenue is sandwiched by 1260 East 33rd Avenue (left) and 1294 East 33rd Avenue.GOOGLE
Follow Carlito Pablo on Twitter @carlitopablo
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