Quote:
Originally Posted by gentlepuppies
Hey guys,
I'm looking to buy a condo in Vancouver and couldn't think of a good place to discuss more than one listing or building at a time, or the market in general - feel free to lump this thread into an existing one if it exists.
Really curious about this listing here:
https://www.realtor.ca/real-estate/23339403/601-1686-w-13th-avenue-vancouver
A 2 bedroom unit with 3 exposures in a 2-unit-per-floor building seems like a pretty good deal for $799k even in a 1990's building. Sure, it needs a new floor, kitchen and bathrooms, but still seems like a good deal. Possible leaky condo? I guess the walkup across the street is overdue for a view-blocking replacement... |
It seems realistically priced for what you get. For a 25 year old building, around $1,000 per sq ft seems right. In a few years it will have better transit nearby, but not yet. There are bigger 2-bed units from that era nearby that sell at a similar psf price. The average in Fairview recently is apparently around $930 psf, but a lot of those are woodframe. It's an efficient layout, and more like a contemporary building in that sense. Although the rainscreen has been fixed (or so you would hope) there will be window seals, membranes and the roof, and piping that could all be coming up for replacement (if the haven't been needed yet) and there aren't a lot of owners to spread the costs between. That's probably why the strata fee is $555 a month. There's probably only one elevator, which could be a pain when it needs fixing.