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Old 06-10-2018, 11:50 AM   #12101
JDMStyo
RS controls my life!
 
Join Date: Apr 2004
Location: Vancouver
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We have a TH in the area and its a growing area, lots of lowrise and (duplex townhomes) with 4 stories (rentable basements) selling fast. Most are done by Vicini (Contest who mostly builds Fountain tire and larger warehouses.)

6 units at Earle by 29th Skytrain sold in 2 weeks last I checked. Here's my comp charts for clients. These are 3 bedroom units which were 3 detached rezoned into 6 townhomes.


I think $850/ft is a bit rich for ACORN - developer is really getting a steep premium. Most are getting $700-750/ft, but I get smaller 1-2 bedrooms in area is priced higher.
Windsor Living is on Kingsway/Nanaimo but its' a concrete/AC highrise and justifiable at $1000/ft.

There is an interesting lockout unit at ACORN which is 2+1 bedroom but that is nearly $1M already, a glorified 2BR ground floor unit with cashflow $1000/month from the 1BR suite. Interesting thought.
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