Anybody buy in this gem of a project?
Olympic Village
(21 posts) (13 voices)-
Drachen
Member"Rennie says it may take two years to sell out, but since I'm a reporter and therefore have a greater knowledge of the market and a less negatively biased viewpoint than the self proclaimed 'condo king' I'm going to make my best guess hack estimate and portray it as if it's a well researched opinion."
Posted 1 year ago # -
Anonymous
Unregisteredcan anyone tell me why the olympic village condos dont appear on the mls?
Posted 1 year ago # -
Anonymous
Unregisteredah, i see. ive heard no news about the village since the open house last month. what are sales like?
Posted 1 year ago # -
taylor192
MemberThe OV is now open to traffic, go take a drive around the village.
It is very cool looking, yet has a weird vibe to it. The streets are small and narrow, no street parking, and the spaces between the buildings don't really inspire me to walk around. The waterfront park, and park beside are nice touches, and the red barn is completely empty.
Posted 1 year ago # -
arbitrage
MemberIt's a nice quick rollerblade / bike ride. The only bit that wasn't deserted when i went last sunday was the seawall.
Still lots of land too - there's a big empty lot between the western end of the OV and the cambie st. bridge. And of course the rest of the false creek flats area. I dont know how the "running out of land" argument ever got sold.
Posted 1 year ago # -
VHB
MemberThis is likely going to format like crap, but here is a spreadsheet of the units currently for sale at 181 W1st.
building unit agent br sf price $/sf
181 W1st 402 TRG 1 708 512000 723
181 W1st 503 Rennie 1 657 519900 791
181 W1st 603 TAC 1 668 550000 823
181 W1st 703 REMAX 1 668 589000 882
181 W1st 609 Rennie 1 708 609000 860
181 W1st 311 Royal Pacific 1 773 688000 890
181 W1st 1101 Homeland 1 733 689000 940
181 W1st 604 Rennie 2 819 718000 877
181 W1st 1004 Macdonald 2 819 819000 1000
181 W1st 507 Rennie 2 1118 1299000 1162
181 W1st 906 Hanna 2 1118 1329000 1189
181 W1st 908 rennie 2 1118 1399000 1251
181 W1st 509 Sutton 2 1165 1419800 1219Posted 1 year ago # -
From the cbc.ca piece today:
"The 473 remaining units went on the market in May and 36 have been sold so far, according to Bob Rennie, a Vancouver condominium marketer"Somebody remind us of how many Rennie said they'd sold after that first weekend. Not a lot less than 36, if I remember correctly. How many have they sold through the rest of this first month??
Posted 1 year ago # -
Found the Vancouver Sun piece from 17 May:
"Bob Rennie, president of Rennie Marketing Systems, confirmed he made 36 sales in the two days, about double the number anticipated.This implies No sales in the 5 weeks since then.
Actually, minus 11 sales if these guys sue successfully.Posted 1 year ago # -
VHB
MemberHere is an update from my OV MLS listings that I posted in June. This is for 181 W1st. 18 listings now; 12 in June.
building unit agent br sf price $/sf June 24th change
181 w 1st 503 Rennie 1br 657 498000 758 519900 -4.2%
181 w 1st 402 TRG 1br 715 498000 697 512000 -2.7%
181 w 1st 602 ReMAX 1br 708 548800 775 not listed
181 w 1st 603 TAC 1br 668 550000 823 550000 0.0%
181 w 1st 703 REMAX 1br 668 589000 882 589000 0.0%
181 w 1st 511 Royal Pacific 1br 773 658000 851 not listed
181 w 1st 311 Royal Pacific 1br 773 688000 890 688000 0.0%
181 w 1st 1101 Homeland 1br 733 689000 940 689000 0.0%
181 w 1st 604 Rennie 2br 819 699000 853 718000 -2.6%
181 w 1st 504 Royal Pacific 2br 819 709000 866 not listed
181 w 1st 1004 Macdonald 2br 819 819000 1000 819000 0.0%
181 w 1st 810 Rennie 2br 1016 858000 844 not listed
181 w 1st 507 Rennie 2br 1118 1269000 1135 1299000 -2.3%
181 w 1st 608 Sutton 2br 1118 1299000 1162 not listed
181 w 1st 909 Prudential 2br 1167 1317000 1129 not listed
181 w 1st 908 Sutton 2br 1118 1399000 1251 1399000 0.0%
181 w 1st 505 Royal Pacific 2br 1094 1458000 1333 not listed
181 w 1st 1401 sutton 2br 1729 2680000 1550 not listedPosted 1 year ago # -
vangrl
Member$533,000 for under 600 square feet? and a maintenance fee of $363?
Seems pretty crazy, for that kind of money they could have given you some kitchen counter space to work on and not shoved the stove in a corner.Attachments
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257962553-7.jpg (27.4 KB, 6 downloads) 1 year old
Posted 1 year ago # -
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bearishbull
MemberThat's the most rediculous kitchen I've ever seen in a "high end" condo. Kitchens are what most women make their buying decision on even if they don't ever set foot in the place. I'm usually the one cooking but there's no way any wife or girlfriend would get excited about that thing.
Preposterous!
Posted 1 year ago # -
Drachen
MemberVangrl, you're missing the point entirely.
These suites were never meant to be, "lived in", that's such a quaint concept.
They're INVESTMENTS. I never saw anyone complain that their gold bars lacked adequate kitchen prep space, why should you care about your other investments?
Posted 1 year ago #
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