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.
Fully furnished Laneway home… owned by a realtor now… available for rent…
Rent for $2,500 per monthhttps://t.co/HppnCur6Xj
Was on AirBNB… was the realtor living in the laneway as his principle residence? https://t.co/Pqxu7Z0288#vanre pic.twitter.com/rEGBIDCJMX
— Mortimer (@mortimer_1) April 19, 2020