Uncategorized

repairs: 2292 w. 7th Ave.

6
6 Comments

2292-west-7th.jpg

Another condo repair shot for the gallery, this one sent in by ‘anon’ who includes the following note:

This townhouse is on the corner of 7th and Vine in Kitsilano. This is a shot of repairs happening at the back and on seventh avenue. Currently the front of the building on Vine street looks much clearer, not sure if they’ve already done repairs there or if they’re still upcoming. This building also has addresses at 2302, 2304, 2306, 2308, 2310 & 2312 Vine Street.

Send your tarp and scaffolding covered condo repair photos in to vancouvercondo.info@gmail.com for inclusion in the photo gallery.

6 Comments
newest
oldest most voted
Inline Feedbacks
View all comments
M-

Digi: it was maybe $50-100K below market value. …But with a $100-150K assessment, with the risk of more problems being found, it represented a high risk. Also, with that extent of work, it wouldn't be liveable for much of the repair time.

0
0
patriotz

it was maybe $50-100K below market value.

No it wasn't. Anything priced below market value will sell instantly.

It was priced below the market value of properties without leakage problems, which is something entirely different.

0
0
blueskies

1) You can buy a HOUSE, and a large one, for what people pay for a 500 SF condo.

almost any place in Canada with the exceptions of Vancouver, Victoria and possibly Ft McMurray you can get a nice spacious place to live for less than $250K.

Builders take that into account. In BC they just do plain old shoddy work.

yet people still rush in to buy w/o thinking…down right scary!

0
0
scullboy

I really think Vancouver is closed off from the rest of Canada. That's the only thing that explains the attitudes about property here.

People just don't understand that in the rest of the country:

1) You can buy a HOUSE, and a large one, for what people pay for a 500 SF condo.

2) Other parts of the country have bad weather spells. Builders take that into account. In BC they just do plain old shoddy work.

0
0
Digi

Thanks for that M- these personal experiences are really great to hear. Does 'priced very well' mean that it took into account the assesment cost? I'm suprised the woman you talked to was so calm about the repairs, it seems like people in vancouver are just resigned to the fact that so many of our condos leak.

0
0
M-

My wife and I looked at a large townhouse unit in this building a couple years ago– it was priced very well, given the market. Well, we didn't actually get in it. We walked up to the building, it looked like a classic leaker. Stucco sides (not that stucco is necessarily bad), no/minimal roof overhangs, architectural features that stick out from the side, some elements of poor design… It just looked wrong. And then somebody came out of a unit in the building (not the one for sale). So I asked her what she thought of the building and the neighbourhood. She liked the place. I asked if it had any water problems. "Oh no, there's no water. Just some moisture ingress, it's not a leaky condo. The strata has come up with a repair plan with an engineering company,… Read more »

0
0