Vancouver Foreclosure Homes & Real Estate for Sale Listings

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NEXT Open House details

Sep 21, 2025 02:30 PM - 04:00 PM PDT

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21 1201 Lamey's Mill Road

False Creek Vancouver V6H 3S8

$749,000

Residential beds: 1 baths: 2.0 1,057 sq. ft. built: 1980

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• Details
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Open House - Sep 21, 2025

02:30 PM - 04:00 PM PDT

NOTES: Open House on Sunday, September 21, 2025 2:30PM - 4:00PM

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Status:

Active

Prop. Type:

Residential

MLS® Num:

R3042688

Bedrooms:

1

Bathrooms:

2

Year Built:

1980

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Experience the best of Vancouver living in this beautifully renovated townhome with 1,057 sqft over 3 floors. Located in a boutique waterfront building surrounded by mature gardens, this home offers expansive views of False Creek. The prime seawall location is perfect for morning jogs or dog walks, with Granville Island, Olympic Village, and Charleson Park just steps away. The property features a home office with built-in workspace, in-suite laundry, fireplace, and two private outdoor spaces: a main-level balcony + secluded rooftop sundeck. Includes 1 parking & storage locker. Pets & rentals are permitted w/ restrictions. Some images have been digitally staged. Lease to 2040. Option to extend to 2060. ALL OFFERS SUBJECT TO APPROVAL OF THE SUPREME COURT OF B.C. OPEN HOUSE SUN 21st 2:30-4pm

General Info:

Property Type:

Residential

Dwelling Type:

Townhouse

Home Style:

Two Levels

Ownership:

Leasehold prepaid-Strata

Common Interest:

Condominium

Manufactured Type:

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Year built:

1980 (Age: 45)

Living Area:

1,057 sq. ft.98.2 m2

Floor Area - Unfinished:

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Floor Area - Detached 2nd Residence:

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Building Area - Total:

1,057 sq. ft.98.2 m2

Levels:

Two

Rainscreen:

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Bedrooms:

1 (Above Grd: 1)

Bathrooms:

2.0 (Full:1/Half:1)

Kitchens:

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Rooms:

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Taxes:

$3,255.47 / 2025

Exposure / Faces:

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Rear Yard Exposure:

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Outdoor Area:

Balcony

Pad Rental:

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# or % of Rentals Allowed:

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Water Supply:

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Plan:

VAS691

Additional Info:

Name of Complex/Subdivision:

Alder Bay Place

Construction Materials:

Frame Wood, Stucco

Foundation:

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Basement:

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Full Height:

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Crawl Height:

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Roof:

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No. Floor Levels:

2.0

Floor Finish:

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Floor Area Fin - Above Grade:

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Floor Area Fin - Above Main:

0 sq. ft.0 m2

Floor Area Fin - Above Main 2:

0 sq. ft.0 m2

Floor Area Fin - Main:

883 sq. ft.82 m2

Floor Area Fin - Below Main:

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Floor Area Fin - Below Grade:

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Floor Area Fin - Basement:

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Floor Area Fin - Total:

1,057 sq. ft.98.2 m2

Heating:

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Fireplaces:

1

Fireplace Details:

Wood Burning

Parking Features:

Garage Under Building, Side Access

Parking:

Garage Under Building

# Of Parking Spaces - Total:

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# Of Covered Spaces:

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Parking Total/Covered:

1 / 1

Flood Plain:

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Suite:

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Exterior Features:

Balcony

Site Influences:

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Amenities:

Laundry In Unit

View:

MARINA AND FALSE CREEK

Association Amenities:

Trash, Maintenance Grounds, Management

Senior Community:

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Features Included:

Laundry In Unit

Locker:

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Laundry Features:

In Unit

Legal Description:

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Room Information:

Floor

Type

Size

Other

Below

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Main

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Main

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Main

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Above

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Above

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Bathrooms:

Floor

Ensuite

Pieces

Other

Below

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Above

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Other Details:

Council Approval:

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Income Per Annum:

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Oper. Expenses:

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Net Operating Income:

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Association Fee:

$616.68

Age Restrictions:

No

By-Law Restrictions:

Pets Allowed With Restrictions

Dist to Public Trans:

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Dist to School Bus:

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Property Disclosure:

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Fixtures Leased:

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Fixtures Leased Description:

SCHEDULE A

Fixtures Removed:

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Fixtures Removed Description:

SCHEDULE A

Pets Allowed:

Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions

Cats:

Cats OK

Dogs:

Dogs OK

# Units in Development:

47

Home Owners Association:

Yes

Listing Info:

Previous Price:

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Original Price:

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Land Info:

Land Lease:

Yes

Land Lease Expiration Year:

2040

Zoning:

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Access to property:

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Utilities:

Electricity Connected, Water Connected

Telephone Service:

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Fencing:

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Sewer:

Public Sewer, Sanitary Sewer

Plumbing Details:

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Sketch Attached:

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Restrictions:

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Listed by Macdonald Realty

Data was last updated September 19, 2025 at 11:40 AM (UTC)

Area Statistics

Listings on market:

100

Avg list price:

$881,500

Min list price:

$515,000

Max list price:

$2,450,000

Avg days on market:

37

Min days on market:

2

Max days on market:

850

Avg price per sq.ft.:

$1,145.49

These statistics are generated based on the current listing's property type and located in False Creek. Average values are derived using median calculations. This data is not produced by the MLS® system.

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• Sam Huang
• RE/MAX Select Properties
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.

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• Related Readings: How to Buy a Court Ordered Sale in BC 2024 – Your Ultimate Guide

About Foreclosure listings

There are many names for a Foreclosure home. Many people call it foreclosed home, foreclosure home, bank repossessed house, or Court Ordered Sale. They mean the same thing. So what exactly does foreclosure mean? 

In its simplest meaning, the word foreclosure means to deprive a borrower (in default) of the right to redeem the mortgaged property. In a way, it’s like a divorce proceeding – the borrower and lender under a mortgage go their separate way.

Foreclosure home sale is very different from a regular home sale. If you need an experienced Vancouver Realtor to guide you through the process, please let me know.

What is the process of Foreclosure in BC Canada?

See below simplified steps in a Foreclosure proceeding to find out how foreclosure works in BC.

1. Demand letter. 
2. Petition. 
3. Order Nisi. 
4. Judicial Sale. 
5. Order Made After Application.

To see the detailed steps in a foreclosure proceeding. Please let me know.

Please note that this blog is for information only. Buyers & Sellers are advised to obtain independent legal advice before buying or selling a real estate property.

Here’s a simple guide on how to buy a Foreclosure Home in BC

1. Search Foreclosure Listings BC
2. Find a Realtor to write an offer.
3. Review the Schedule A with the Realtor. Schedule A contains clauses that specifically protect the lender. The buyers must be aware that they are accepting the property “as is” and must sign this schedule to have their offer accepted by the lender.
4. Acceptance of the offer. The offer may have conditions precedent, and it is advisable that the offer is left open for acceptance for a period of two or three days.
5. The hearing of the application for order approving the sale.
6. Completion of the sale.

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