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If Grandma's house is a close comparison to the listing, then there should already be gobs and gobs of space to host friends and grandchildren. If it gets anything bigger, it's gonna result in more housework for them.
Assuming your uncle is in their late 50's / early 60's, I'd suggest that they want to be mindful of their gradual physical decline -- in the sense that they are gradually going to have less energy to do physical work and stuff. So getting a bigger space than Grandma's house doesn't seem ideal to me.
Additionally, selling Grandma's house, and using the money to buy something else seems like they'd incur a lot of service/labour and transactional type of expense. As a rough estimate, I think you'd be looking at:
property transfer tax: $40k - $50k+
RE agent commission: $$70k - $90k
+other additional fees?
It sounds like your uncle is obviously in a comfortable financial situation, but the cheap bastard me still thinks $100k - $150k is a LOT of money, and it's money that can be used towards doing a LOT of other things.
Victoria from 33-ish all the way down to 54th is lined with shops and restaurants, and is only a stone's throw away from Killarney. And Marpole is bustling with activity along Granville as well, so I find it a little surprising that they are calling both areas "sleepy".
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