Condo with no kitchen located inside Vancouver hotel listed for $659K
For less than the price of a typical Vancouver condo, you could be living in the heart of the city's downtown core – as long as you don't mind a lot of dining out, or having hotel guests for neighbours.
A 358-sq.-ft. home with no kitchen or laundry that's located within the Le Soleil hotel on Hornby Street has been listed for sale with an asking price of $659,000.
While the property resembles a typical room at Le Soleil, the listing stresses it is not a strata hotel unit, meaning the owner would be free to live there full-time without ever renting it to hotel guests.
"There's 130 strata lots in there, and about 90 of them run as Le Soleil hotel. The other units are all individually owned," said Norman Juraski, the realtor representing the property.
"People can live in them, or they can rent them out on their own, or they can put them in the hotel pool."
The new owner would also apparently be free to give the property a makeover so it no longer resembles a hotel room.
Juraski said there's currently a tenant renting the home for $2,850 a month – enough to cover the cost of the mortgage, assuming a down payment of 20 per cent.
There is a work desk, a bar fridge, a kettle to make coffee or tea, and room for a hot plate, but the realtor acknowledged the condo would probably best suit someone who prefers not to make their own food.
"It's not for everybody," Juraski said.
The realtor suggested it would make a fine accommodation for a well-paid professional who's in town on a temporary work contract and wants to be right downtown.
"For meals, they just go out," Juraski said. "For laundry, they'll just go to a dry-cleaner."
According to the Real Estate Board of Great Vancouver's latest monthly report, the benchmark price of a condo in B.C.'s Lower Mainland was $731,700 in May. In Vancouver's west side, the benchmark was a whopping $1.27 million.
But home sales have slowed since the Bank of Canada began raising interest rates earlier this year – the REBGV reported sales were down 12.9 per cent last month compared to the 10-year sales average for May – and experts expect at least modest price drops to follow.
A recent Royal Bank of Canada outlook predicted the aggregate benchmark price of B.C. real estate will drop 3.8 per cent in 2023, which was the biggest decrease forecast anywhere in the country.
CTVNews.ca Top Stories
'A beautiful soul': Funeral held for baby boy killed in wrong-way crash on Highway 401
A funeral was held on Wednesday for a three-month-old boy who died after being involved in a wrong-way crash on Highway 401 in Whitby last week.
'Sophisticated' cyberattacks detected on B.C. government networks, premier says
There has been a "sophisticated" cybersecurity breach detected on B.C. government networks, Premier David Eby confirmed Wednesday evening.
Police handcuff man trying to enter Drake's Toronto mansion
Toronto police say a man was taken into custody outside Drake's Bridle Path mansion Wednesday afternoon after he tried to gain access to the residence.
Biden says he will stop sending bombs and artillery shells to Israel if they launch major invasion of Rafah
U.S. President Joe Biden said for the first time Wednesday he would halt shipments of American weapons to Israel, which he acknowledged have been used to kill civilians in Gaza, if Prime Minister Benjamin Netanyahu orders a major invasion of the city of Rafah.
Rookie goalie Arturs Silovs to start for Canucks in Game 1 vs. Oilers
Rookie goalie Arturs Silovs will start in net for the Canucks as Vancouver kicks off a second-round series against the Edmonton Oilers Wednesday night.
Nijjar murder suspect says he had Canadian study permit in immigration firm's video
One of the Indian nationals accused of murdering British Columbia Sikh activist Hardeep Singh Nijjar says in a social media video that he received a Canadian study permit with the help of an Indian immigration consultancy.
Pfizer agrees to settle more than 10K lawsuits over Zantac cancer risk: Bloomberg News
Pfizer has agreed to settle more than 10,000 lawsuits about cancer risks related to the now discontinued heartburn drug Zantac, Bloomberg News reported on Wednesday, citing people familiar with the deal.
Quebec premier defends new museum on Quebecois nation after Indigenous criticism
Quebec Premier Francois Legault is defending his comments about a new history museum after he was accused by a prominent First Nations group of trying to erase their history.
U.S. presidential candidate RFK Jr. had a brain worm, has recovered, campaign says
Independent U.S. presidential candidate Robert F. Kennedy Jr. had a parasite in his brain more than a decade ago, but has fully recovered, his campaign said, after the New York Times reported about the ailment.