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
Several flight attendants from Pakistan have gone missing after landing in Canada
Multiple flight attendants from Pakistan International Airlines have abandoned their jobs and are believed to have sought asylum in Canada in the past year and a half, a spokesperson for the government-owned airline says.
BREAKING Ottawa public school board, 3 Toronto-area school boards launch lawsuit against social media giants
The Ottawa-Carleton District School Board and three school boards in the Toronto-area have launched legal action against social media giants, accusing them of "disrupting students' fundamental right to education."
Doctors visiting a Gaza hospital are stunned by the war's toll on Palestinian children
An international team of doctors visiting a hospital in central Gaza was prepared for the worst. But the gruesome impact Israel’s war against Hamas is having on Palestinian children still left them stunned.
Crypt near Marilyn Monroe and Hugh Hefner could fetch US$400,000 at auction
A one-space mausoleum crypt in the vicinity of Marilyn Monroe and Hugh Hefner will go on auction Saturday, when it is expected to reach between US$200,000 and $400,000.
This Toronto restaurant is no longer accepting tips. Here's how it's going
A Toronto restaurant introduced a surprising new rule that reduced the cost of a meal and raised the salaries of staff – tipping is no longer accepted.
A Nigerian woman reviewed some tomato puree online. Now she faces jail
A Nigerian woman who wrote an online review of a can of tomato puree is facing imprisonment after its manufacturer accused her of making a “malicious allegation” that damaged its business.
Premiers not being truthful about carbon tax, Trudeau says while sparks fly in Ottawa
Prime Minister Justin Trudeau says Conservative premiers across the country are 'not telling the truth' when it comes to the carbon tax. Trudeau's comments came as fresh sparks were flying in Ottawa at a recalled House of Commons committee.
Far North police 'dispatch' polar bear stalking schoolyard
Police and local hunters in an Ontario Far North First Nation community have “dispatched” a polar that was showing abnormal behaviour and treating the area as a hunting ground.
Cargo ship had engine maintenance in port before Baltimore bridge collapse, officials say
The cargo ship that lost power and crashed into a bridge in Baltimore underwent 'routine engine maintenance' in port beforehand, the U.S. Coast Guard said Wednesday.