Vancouver realtor makes $420K flipping home during pandemic

A Vancouver realtor has made $420,000 flipping a heritage home in Vancouver’s Kitsilano neighbourhood.

Keith Roy of RE/MAX Select Realty bought the heritage home at 1829 Stephens Street for $1,430,000 in April 2020, according to public records1.

Seven months later, Roy listed the property for $1,998,000, but failed to find a buyer.

Roy re-listed the property in January 2021 for $1,988,000 and sold it for $1,850,000.

The sold price reflects a gain of $420,000 or 18% before fees.

Roy sat on the Real Estate Board of Greater Vancouver’s professional-conduct committee for two years.

Vancouver Airbnb watchers have also previously called out Roy for running Airbnb short-term rentals.


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