It's worth nothing. Nada. Zilch. In fact, I'll do you a favor and give you $10 for it.
Seriously, that's a nice bike and I'm drooling. I never come across local deals like that. I have no idea what it's worth, but I paid $60 for my '81 Panasonic Sport. That is a way better bike than the Sport.
Thanks for the responses everyone. wrk101 I think you a right, the Vancouver market is quite inflated and I could quite easily collect $400+ for this if I were to sell it. Although our summer has been really crappy and prices have been lower than in the past.
It sure is a beautiful bike, almost too much so for me as I tend to get paranoid any time I leave it locked-up outside somewhere. The ride is a nice blend of stable handling and responsive acceleration with just enough whip in the rear stays that you feel it when you really put the hammer down.
In New York you could probably get $500+ for it (then the idiot would cover all branding with electrical tape and convert it to a fixie). Heck, if it wasn't just a little too short for me I'd make you an offer. Awesome bike.