Offroading rigs, Summer car, and Winter Beater combos too.

Jebus...

https://www.vancouverrealestatemap.c...r2539461_1.jpg
3285 VICTORIA DRIVE
Days on Market 8
Sold Price $2,600,134
Asking Price (Final) $1,728,000
Asking Price (Original) $1,728,000

Gutted Van Special...

https://www.vancouverrealestatemap.c...r2540285_1.jpg

Days on Market 5
65 E 39TH AVENUE
Vancouver
Selling Price $2,300,000
Asking Price (Final) $1,989,000
Asking Price (Original) $1,989,000

This was assessed at $1.71m. Nuts.

Owners must think they hit the jackpot on this one. Good god.

I see. I misunderstood you to mean that there are new immigrants coming in when you really meant their pent up demand. I bet a good number of them have already bought a place in Canada, be it apartment, townhouse, or detached.

right across from community centre/trout lake

Wow, the selling price of that property on Victoria St... but it was fully renovated, so move-in condition, and it’s on a 33x170 lot, which is pretty deep compared to the standard 33x122.

was it truly gutted or just finished (lipstick on a pig). few years back i was looking at van specials and it annoyed me new floor, open kitchen etc etc, same old original plumbing and wiring...seems like the cheaper/easier way for flippers like realtors to go as many buyers don't know/don't care.

2 mill for a penthouse condo in Nanaimo. I thought it was crazy when it was listed for a mill a few years back. Not the best neighborhood lots of homeless and drug addicts in the area. You can buy an ocean front house for less in a much better neighborhood.

https://www.cheknews.ca/ive-never-se...ing-2m-748014/

Edit: looks like a marketing gimmick another penthouse unit in the building is going for 900k same size.

https://www.coopergroup.ca/listing-d...mfNcGpDB8kkDXM

Seems like the condo market is picking back up again. Checked out the telford showhomes at Metrotown and was told that all but two units are sold out.

^ was it the $399 starting ones?

Yeah by intracorp

:pokerface: well I'm not surprised anyone would buy a new concrete build for $399

In b4 they are flipped in 2024 on completion for 699

$399k was for a studio and the "cheap" units were probably sold to friends and family. I believe a one bedroom was selling for $980 sqft.

I'm looking at buying an unit in the Concord development, that entire area is a good long term investment.

Why so cheap? :lol

hey rs ballas,

What's the appeal to a penthouse unit? Aside from the obvious flex and views (location dependent), wouldnt a townhouse unit be better? Similar space (usually 2+ bedrooms), layout is different tho, plus you get a garage.

Sellers are doing nothing to it. That seller purchased in November for $1.85m. 3 month hold with $450,000 gross ROI.

Same with 1116 E 60TH AVENUE. Sold last June for $1.18m. 8 months later sold $1.48m.

Lots of other examples really.

The pragmatic person in me sees zero appeal to penthouse units (or top floor units, for that matter). Being the top floor makes your unit way hotter in the summer, and also a bit cooler in the winter (though that is less noticeable than the heat). And then if the unit has skylight windows, they'll leak when the building starts to age.

Don't ask me how I know this. FailFish

^^ well how else do you host penthouse stripper corona parties? On the 3rd floor like a peasant?:accepted:FeelsBadMan

no noise from upstairs

We sold our top floor unit and the main advantage would be no noise coming from above you. Pretty much the only noise you have to deal with would be the neighbours to your left and right. We lucked out with neighbours that have always very quiet on both sides for as long as we've owned here.

It can get warm in the summer but it wasn't that bad for me this year. I WFH so maybe my body just got acclimated to the heat cause my wife would come home from work and complain about how hot it was.

The other things you need to factor in would be the long elevator wait, especially if you're on a high rise penthouse that's like 40 floors up. Carrying a whole bunch of groceries while waiting for the elevator really sucks ass.

Townhouse >>> condo in every single aspect, especially if you can get one with an attached garage

The only upside I can see for PH vs townhouse is that gold digging bitches love the million dollar view. So patio parties (post covid) and if you're lucky your own parking space. Still wanna see what that lifestyles like tho hahah.

I've lived in a TH for like 15 years (childhood home), we rented, but it was chill. I had 3 or 4 cars parked in visitors and driveway doing car wash parties with my buddys. No complaints from strata and barely any upkeep needed. We did run out of space tho, 1100sqft, 3 levels, isn't that much space with a family of 4 and a father who's a hoarder LOL.

I bought a house in the summer with my family. I have the opposite problem now. Too much space, too much stuff to upkeep lol. Oh and my driveway sucks balls for low cars. But at least I have a double garage.

I'm trying to plan my next 5-10 years, contemplating carrying two mortgages (the house + something else for myself).

Sent from my SM-G781W using Tapatalk

1. No stairs to climb everyday for people with hip/knee/leg problems (this is a huge thing for seniors)
2. Security/privacy as not everyone wants to outsiders to see in to their kitchen and especially if you’re out of town a lot most people won’t know if you have a penthouse unit
3. Probably more outdoor space in balcony/patios
4. 24/7 concierge for certain buildings
5. Less interaction with your neighbors and maybe less noise (don’t share a wall if you have all of upstairs)

Condos (namely highrises) should only be used as bridge housing. Living in them long term, to put it bluntly, is gross.

Buy a unit to rent it out to some poor sucker. I mean most condos going up are likely rentals which replaced the apartments that stood for 50 years prior. Same living style, different architecture. Cramped corridors, few elevators (flights of stairs when both go out), tight layouts and God knows what kind of neighbours you have after spending $950k. Fancy prison quarters is what condos become. I'm so glad I don't work-from-home.

Space is good for mental health. Penthouse or street level, you're in the same building. Would you rather birds fly in your window or overhear a couple talking about how deep they want to go in the back alley? And....hear it too....