Quote:
Originally Posted by Ludepower
$1600 700sq ft near science world. Got in last year before it spiked. Rent around this area is pushing close to $2000 for a 1 bed.
Bought a presale in Olympic village 2 months ago. Should of never rented and bought last year. Sigh.
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i just unloaded my condo in Olympic Village in March.
Bought February 2014 late presale, Moved in August 2014, Sold this March
Made about 100k decided to cash out and move ahead with my plans to rebuild my rental property into a duplex. Condo's just dont have this kind of rate of appreciation normally so i felt it was right to get out. I dont think i would have got much more 5yrs down the road.
I dont think you can go wrong in OV, its a great area, good ammenities, and will always be in demand. You'll never have trouble selling, even if there's a correction in the market, OV like downtown will stay in demand.
the grandview woodlands plans have just gone through, and building into a duplex is the way to go imo.
I'm looking for a tear down in the area, fsr got bumped from 0.6 - 0.75, a house down the street from me rebuilt into a duplex at .6 fsr, and one half just sold for 1.3m