Buyer cuts a deal for condo in older building that could be redeveloped

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Buyer cuts a deal for condo in older building that could be redeveloped
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Price drop for Port Coquitlam, B.C., condo attracted an offer from a buyer who didn’t mind that the building might be sold one day

The top-floor, corner unit is bright and roomy.The seller purchased the unit five years ago for $180,000 and rented it out. The tenant gave notice, so she decided to sell and purchase another investment property.

They dropped the price to $369,000 and got an offer from a buyer who didn’t mind that the building might be sold one day. This top-floor corner unit is bright and roomy because it was built 49 years ago, when one-bedroom condos were larger than those built now.

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