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.
5th fl, 540 sqft asking for 474900. or $877/sqft. no parking..... will see
4th fl, south facing 1bed 1 bath, with parking asking for 459k. (or 850/sqft)
6th fl, similar setup sold at 830/sqft....
Not an investment that I would like to gamble on.
have not looked back since 2019 untill now... same unit had been poped up on the market again... around $940/sqft now..
each year, the asking pricing is climbing 20k per unit...(approximately).. this time, I may get back into a two beds with parking spot...
Even in a flat market 2-4% per year is reasonable.
The popular vacation rental directory has helped a condo owner sell a newly-built unit as a turnkey business ...for a premium.