Top Deals on Luxury Condos for Dec 3rd
Written by: Elliot Funt, Real Estate Advisor, Engel & Völkers Vancouver
View from 3903 - 938 Nelson St. (listed by Engel & Völkers Vancouver)
3903 938 Nelson Street (One Wall Centre) & 3201 938 Nelson Street
Unit 3903, $5,288,000 for 3,198 Sq.Ft.
Unit 3201, $1,810,000 for 1064 Sq.Ft.
Why it's on the list: I have included two units this week from One Wall Centre at Nelson/Hornby. Both units have incredible views and One Wall is an A+ building with A+ suites. Both units have nice hardwood floors, great layouts, air conditioning, and excellent kitchens.
1406 819 Hamilton Street
1406 819 Hamilton Street (Eight One Nine)
$1,648,800 , 1,338 Sq.Ft.
Why it's on the list: Corner, 2-level, penthouse unit which I believe is undervalued at $1,232/Sq.Ft. Also, no major rental restrictions, so it would make a good investment as well. You could probably rent this unit out for at least $3300-3500/month, which is a good ROI for downtown.
708 - 1500 Hornby Street
708 1500 Hornby Street (888 Beach)
$1,488,000 (reduced from $1,688,000)
1,049 Sq.Ft., plus a 1,100 Sq.Ft. terrace!
Why it's on the list: Patio, Patio, Patio! Considering the building and location the 1,418 $/Sq.Ft figure for the unit isn't bad for such a nice unit with so many custom built-in pieces. And the $/Sq.Ft. doesn't include the exterior patio space (which would be $692/Sq.Ft. if you accounted for the patio). Also, given the large price drop already, I bet we can get a little more off the price.
Disclaimer:
I only cover downtown Vancouver in this report. This is meant to be an informative report of new and active listings on the market. If you are considering buying any unit, please contact me before submitting an offer. When purchasing a condo you should check all strata documents before submitting an offer. Further real estate comparables should also be checked before any major real estate purchase.