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Old 05-08-2025, 10:18 AM   #34851
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https://www.rew.ca/properties/7423-t...e-vancouver-bc

IMO this is a steal. I'm guessing the realtor is trying to get a bidding war?
It's a leasehold.
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Old 05-08-2025, 04:21 PM   #34852
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1. Leasehold
2. 46 years old

Champlain Heights was never super expensive in that area. The rest of Killarney and Fraserview soared, but that little enclave of townhouses always stayed cheaper.
Any idea why? Is it a bad neighborhood or something?

I went to daycare apparently down the street from this house lol.
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Old 05-08-2025, 04:30 PM   #34853
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Champlain heights was/is considered one of the bad hoods social housing of east van.
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Old 05-08-2025, 04:35 PM   #34854
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Dt, Killarney yo. Where dem crazy car killers come from.

I think it's a lease from the city? Not sure about this though. I know that area is mostly leasehold so obviously it's the people who can't afford freehold. I wonder when the lease ends. But would you really want to own a 50y old townhouse, you're just asking for special levies and everything is so dated. Also no resale, appreciation.
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Old 05-08-2025, 04:35 PM   #34855
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Oh shit.

I remember a kid in my class threw another kid off the top of the jungle gym. That explains that.

Hmm well that's good, it seems then I have acquired some street credits, for going to daycare in a bad neighborhood!!
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Old 05-08-2025, 04:58 PM   #34856
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At Telus I worked a lot in Champlain, that area with that duplex is pretty ghetto. Lots of that type of old development, long time residents, horders, just generally run down developments approaching the end of life.

That one in the listing is day is one of the better developments in the area with more normal people
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Old 05-08-2025, 05:10 PM   #34857
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Champlain and Skeena -- Vancouver's only actual "hoods".
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Old 05-08-2025, 05:53 PM   #34858
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Any idea why? Is it a bad neighborhood or something?

I went to daycare apparently down the street from this house lol.
The thing with older developments, and older leasehold strata developments, the entry price is low. Back 50 years ago, SFH in the area would have been cheap for today's prices, that townhouse would probably carry a mid 5 digit sale price, possibly lower. It attracts a certain crowd.

Historically there are also quite a few foreclosures in the area. We looked at one in around 2015 when we were looking to buy our first place. IIRC the asking price was 220k, but the unit was gutted and in very poor state. I can't imagine having some one like that as a neighbour
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Old 05-08-2025, 06:06 PM   #34859
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https://www.ctvnews.ca/vancouver/art...s-up-for-sale/

For 11 years, she probably pays less than $2k to rent the whole house....it's time to gtfo and work like the rest of us, hon.
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Old 05-08-2025, 07:07 PM   #34860
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https://www.ctvnews.ca/vancouver/art...s-up-for-sale/

For 11 years, she probably pays less than $2k to rent the whole house....it's time to gtfo and work like the rest of us, hon.
The article is kinda misleading. Even if she didn't sign the agreement, they could've still served her notice for 3 month eviction, 1 month free rent anyway. It's not really buying her that much time. And the new owners only have to wait 6 months to relist for rental, but that place looks like a damn tear-down anyway.
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Old 05-08-2025, 07:27 PM   #34861
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The article is kinda misleading. Even if she didn't sign the agreement, they could've still served her notice for 3 month eviction, 1 month free rent anyway. It's not really buying her that much time. And the new owners only have to wait 6 months to relist for rental, but that place looks like a damn tear-down anyway.
The new owner must actually live in the property for at least 12 months, or be subject to 12 month rent compensation penalty

I don't see any benefit to tenants voluntarily moving out on notification that their house is selling. At best the new owners may not want to move in, at worst, like you said they're out in 3 months anyway (which only begins after sale agreement is finalized, all conditions fulfilled and subjects removed).

That being said, the comments of the TRAC lawyer in the article bother me:

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“In situations like that, if a tenant wants to give up their home, they have a significant amount of leverage in that situation if they take the time to understand their rights and understand the situation they’re in,” Patterson said.
Saying tenants "have leverage" is stupid. It implies they can somehow stop or mess up the sale, or prevent the new owners from moving in, or make compensation demands greater than what's allowed in the RTA.
Provided everything is done by the book between the former and new owners, the tenant has no leverage in the situation.
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Old 05-08-2025, 08:33 PM   #34862
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He wants to make sure he gets paid a little each time a tenant consults him. Sounds like wants to encourage more of an unofficial "buyout" for the tenant to leave earlier than necessary.
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Old 05-09-2025, 03:35 PM   #34863
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https://www.rew.ca/properties/1115-e...-vancouver-bc#

lol "needs painting, bathroom, etc...." I also like how they used a scanned photo from the 90s
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Old 05-09-2025, 04:25 PM   #34864
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https://www.rew.ca/properties/1115-e...-vancouver-bc#

lol "needs painting, bathroom, etc...." I also like how they used a scanned photo from the 90s
Handyman special! It's also directly T-intersection with Ross Street, so terrible for Feng Shui.

Wonder what Hondaracer thinks of this place...
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Old 05-09-2025, 07:52 PM   #34865
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https://www.rew.ca/properties/1115-e...-vancouver-bc#

lol "needs painting, bathroom, etc...." I also like how they used a scanned photo from the 90s
holy crap.. that place looks like a dump LOL...
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Old 05-09-2025, 07:55 PM   #34866
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https://www.rew.ca/properties/1115-e...-vancouver-bc#

lol "needs painting, bathroom, etc...." I also like how they used a scanned photo from the 90s
Can't tell what's more janky. The house? Or the real estate agent's description.
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Old 05-09-2025, 09:10 PM   #34867
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Why would you even bother with photos?
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Old 05-09-2025, 11:33 PM   #34868
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Interior aside, it seems like a pretty good deal for $1.5m in the middle of Vancouver and it being only 30 years old. Tear down 70-90 year old buildings are asking just as much
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Old 05-10-2025, 05:48 AM   #34869
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holy crap.. that place looks like a dump LOL...
Typical Guangdong hoarder house !!! Argh I can smell the sui yok fan permeated walls from here.
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Old 05-10-2025, 06:41 AM   #34870
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Typical Guangdong hoarder house !!! Argh I can smell the sui yok fan permeated walls from here.
Cleaning my grandparents house was so bad, found so many unused towels and bedsheets/blankets when the same old ones were reused for decades. Likewise for random utensils and pots/pans. Also, carpets are brutal, clothing moths were everywhere.
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Old 05-10-2025, 09:45 AM   #34871
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It's a court order sale
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Old 05-12-2025, 08:44 AM   #34872
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Cleaning my grandparents house was so bad, found so many unused towels and bedsheets/blankets when the same old ones were reused for decades. Likewise for random utensils and pots/pans. Also, carpets are brutal, clothing moths were everywhere.
Honestly, even my WIFE does this now... common honey, we can use new sheetsss whey do we have to just use the same ones from the dryer...

i don't blame grandparents.... i'm sure i'll do the same when i get to that stage.
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Old 05-12-2025, 12:14 PM   #34873
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Cleaning my grandparents house was so bad, found so many unused towels and bedsheets/blankets when the same old ones were reused for decades. Likewise for random utensils and pots/pans. Also, carpets are brutal, clothing moths were everywhere.
I dread the day that my parents (and even my in-laws) decide to sell their house b/c of how much hoarding there is - there's stuff in the crawl space that's 40+ years old (dining chairs, a bike!). In the garage there's chemicals (car cleaners etc) that date back to the 90's that my dad won't throw out.

There is definitely stuff of value in there - probably family momentos and some tools but they are mixed into all the other garbage that my parents (particularly) my dad has accumulated. I'm not sure if I'm better off just hiring a team of people to take it all away or if my brother and I will have to take a few weeks off to sort through it.
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Old 05-12-2025, 12:41 PM   #34874
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Honestly that shot isn’t just “getting old” it’s all bordering or IS mental illness.

People with homes like the ones posted above are legitimately ill. As are most “hoarders” imo. It may be exasperated by the climate they grew up in etc. but we ain’t in 1950 Yugoslavia anymore.
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Old 05-12-2025, 08:01 PM   #34875
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and they're probably too stubborn to seek help because it's 'taboo' in their culture
it's quite sad

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