Buyer guide · Simon Fraser Univer.

Buying at 1362 Phillips Avenue

9 units at The Phillips Collection have sold since 2020 at a median of $2,000,888, achieving 99% of asking in about 19 days. Here is what that means for what you will pay — and what to read before you offer.

The numbers that set your offer
$2,000,888
Median sold
99%
Of asking price
19
Avg days on market
$494
Sold $/sq ft
$100/mo
Avg strata fee
4
Listed now

That leaves roughly $20,009 off a median-priced unit on average — the building's pattern, not a guarantee on any one home.

What you will pay, by size

Sold figures are what buyers actually paid across all 9 sales. Asking is what is listed today.

TypeSold avgSold rangeAsking now
6 bedroom · ~4322 sq ft$2,056,167$1.67M – $2.38M—

What to read before you offer

Whether The Phillips Collection is a good building to buy into is decided by its documents, not its listing photos. These are the ones that matter, and what each is for.

Strata minutes (2 years)
Where problems surface first — leaks, litigation, repeated repairs, and the arguments that precede a special levy.
Depreciation report
The 30-year forecast of major components and what they will cost. Tells you whether today’s fee is realistic or deferred.
Form B Information Certificate
Confirms the actual monthly fee, the contingency fund balance, any levies owing, parking and locker allocation, and rental or pet restrictions.
Engineering and remediation reports
Envelope, roof, plumbing and elevator work. An approved project not yet levied is a cost you inherit on completion.
Insurance summary
Deductibles on water damage have risen sharply across BC, and the strata can charge a deductible back to an owner.
Bylaws and rules
Rentals, pets, age restrictions, short-term use and renovation approvals. The Phillips Collection’s specifics are on the building page.

Saeed Farahani obtains and reviews these with you as part of representing you on a purchase.

Common questions

Is The Phillips Collection a good building to buy in?

No one can answer that honestly from the listing alone — it depends on what the documents say. The market record is a starting point: 9 units have sold here since 2020 at a median of $2,000,888, averaging 19 days on market and 99% of asking. What decides it is the strata minutes, the depreciation report and the Form B — whether work is approved but not yet levied, how healthy the contingency fund is, and whether the current fee reflects real costs. Saeed Farahani obtains and reviews those documents with you before you write an offer.

How much can I negotiate at The Phillips Collection?

Sales here have averaged 99% of asking over about 19 days on market — roughly $20,009 off a median-priced unit. That is the building's average, not a guarantee; a well-priced unit still sells at full price.

What do units at The Phillips Collection actually sell for?

9 sales since 2020, from $1,650,000 to $2,378,000, median $2,000,888. That works out to about $494 per square foot. Asking prices on current listings are a separate question — what sold is what the market paid.

Why are the strata fees at The Phillips Collection what they are?

Fees on current listings average $100 a month, which is about $0.04 per square foot. Per square foot is the only fair comparison — a larger suite paying more is not the same as an expensive building. A fee that looks high often reflects a well-funded contingency, or amenities and utilities bundled into it; a fee that looks low can mean deferred maintenance and a levy ahead. The depreciation report and recent minutes are what distinguish the two, and Saeed will go through them with you.

What is for sale at The Phillips Collection right now?

4 units are currently listed, asking $1,798,000 to $1,898,000 (about $838 per square foot). Current listings and photos are on the building page.

What amenities does The Phillips Collection have?

Amenities, bylaws and strata details for The Phillips Collection are set out in full on the building page, alongside current listings. This page covers the buying decision rather than repeating them.

Figures are drawn from recorded MLS® sales and current listings at The Phillips Collection (NWP56803) from 2020 onward and describe the building, not any individual home. Nothing here is a substitute for reviewing the strata documents. See amenities, bylaws and current listings →

Saeed Farahani
Saeed Farahani
Re/Max Crest Realty
📍 1362 Phillips Avenue
Ask about The Phillips Collection

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Call 778-883-3264or send a message
Buying at 1362 Phillips Avenue (The Phillips Collection) — What Units Really Sell For, Median $2M