A West Vancouver property has been flipped within 21 months for a staggering $1.68 million-dollar loss.
The numbered company 1141975 B.C. LTD. bought 3560 Creery Avenue, West Vancouver for $8,480,000 on November 8, 2017.
The owners put it back on the market on June 3, 2019, for $7,488,000 with Angell Hasman (E.Christiansen) Realtor Eric Christiansen as the listing agent, and finally sold it for $6,800,000 two months later.
“Close in spectacular views are enjoyed from this absolutely incredible home with gated driveway on a 11,762 sq. ft. property,” the property description on the listing read. “The finishing quality and detail is over the top and the layout is amazing for entertaining and living with a family.”
Deborah Elizabeth Paes-Braga is listed as the sole director of 1141975 B.C. LTD. and the directors mailing address is shared by a number of mineral exploration and mining companies.
Christiansen is also the listing agent for a West Vancouver property that is advertised as an opportunity to avoid taxes using the bare trust loophole1.