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
DEVELOPING Man sets self on fire outside New York court where Trump trial underway
A man set himself on fire on Friday outside the New York courthouse where Donald Trump's historic hush-money trial was taking place as jury selection wrapped up, but officials said he did not appear to have been targeting Trump.
Sask. father found guilty of withholding daughter to prevent her from getting COVID-19 vaccine
Michael Gordon Jackson, a Saskatchewan man accused of abducting his daughter to prevent her from getting a COVID-19 vaccine, has been found guilty for contravention of a custody order.
She set out to find a husband in a year. Then she matched with a guy on a dating app on the other side of the world
Scottish comedian Samantha Hannah was working on a comedy show about finding a husband when Toby Hunter came into her life. What happened next surprised them both.
Mandisa, Grammy award-winning 'American Idol' alum, dead at 47
Soulful gospel artist Mandisa, a Grammy-winning singer who got her start as a contestant on 'American Idol' in 2006, has died, according to a statement on her verified social media. She was 47.
'It could be catastrophic': Woman says natural supplement contained hidden painkiller drug
A Manitoba woman thought she found a miracle natural supplement, but said a hidden ingredient wreaked havoc on her health.
Young people 'tortured' if stolen vehicle operations fail, Montreal police tell MPs
One day after a Montreal police officer fired gunshots at a suspect in a stolen vehicle, senior officers were telling parliamentarians that organized crime groups are recruiting people as young as 15 in the city to steal cars so that they can be shipped overseas.
The Body Shop Canada explores sale as demand outpaces inventory: court filing
The Body Shop Canada is exploring a sale as it struggles to get its hands on enough inventory to keep up with "robust" sales after announcing it would file for creditor protection and close 33 stores.
Vicious attack on a dog ends with charges for northern Ont. suspect
Police in Sault Ste. Marie charged a 22-year-old man with animal cruelty following an attack on a dog Thursday morning.
On federal budget, Macklem says 'fiscal track has not changed significantly'
Bank of Canada governor Tiff Macklem says Canada's fiscal position has 'not changed significantly' following the release of the federal government's budget.