The 15-storey Era condo and ground floor commercial tower is located in the 700-block of Yates Street. The project also includes the widening of Millies Lane (Odeon Alley) and the preservation of a heritage building facade fronting onto Yates Street.
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Retail units encase the tower podium with access off Millie's Lane and Yates Street.
Oh, yeah, in the summer you can clean up financially. Roughly double what you make in rent. But you (or your property manager) has to hustle. Having a minimum three or four day stay makes things easier. Daily check in and outs will drive you mental with all the juggling. Even if you have a cleaning service you have to make sure they can fit your schedule.
Thing is with longer stays of four to five days, it sounds good with less work but then you have these little leftover one and two day openings. You have to decide to leave them vacant or fill them up and then you're back with the daily check ins and cleaning and you're pulling your hair out scheduling everything and trying to dry two loads of linens and towels before the next check in.
Yes, but the context here is would it be profitable at this location. Cleaning could cost anywhere from $40 to $100 and depending on the advertised cleaning fee that could really cut into your margins.
6th fl, 562 sqft, with a parking spot asking for $852/sqft. or $479,500.
interested to see the final selling price ;)
pended at 467k==>or $830/sqft with one parking spot
The popular vacation rental directory has helped a condo owner sell a newly-built unit as a turnkey business ...for a premium.