Whoa~ WTF... I am just blown away by the description that the realtor came up with...

That’s the type of person who leaves their appartment once a month, sits in the same chair chain smoking and eating garbage until they eventually die. Feel sorry for whoever had to clean that unit. I’m sure it was packed with garbage

I can smell the stench through the photos. Are the pool of contractors small for condo reno's because it's a hassle to deal with strata + moving materials in small elevators?

It's a foreclosure. Was bought in 1978 for $58k

a "blank canvas" that requires abatement :lol Kappa

Could it be realistically fixed for $150k? Curious

I'd imagine it can be fixed up for a lot less even with conservative estimates:

-$10k flooring
-$15k redo kitchen
-$15k redo bathroom
-$5k blinds
-$10k doors/fix walls
-$5k repaint
-$15k miscellaneous items

wouldnt the strata from that building fine the shit out of this previous owner? its disgusting inside. im also sure that building has a crap ton of special levies just ready to go for the new owner:heckno:

Fined for what exactly? I don't think a strata can really dictate how filthy someone chooses to live inside their own unit. It's gross but unless it's having an impact on neighbouring units, you can't really do much about it.

Just thinking out loud. Maybe the smell would be considered a "nuisance" and ultimately they would need to inspect the suite so that its habitable for human occupancy. Plus all the vermin/pests from this disgusting dump could penetrate the surrounding suites and create further issues.

i dont know, maybe youre right and there isnt anything people can do.

As a technician who used to go into places like that, almost every building has a handful of people like that. Older buildings and more run down areas moreso but yea.. even the new high rises by metro have some badddddddd people there lol..

Generally you never know because you never see those people leave

In my experience as of late stratas have been disallowing elevator use and making contractors take the stairs. If the job isn't big enough most contractors won't take the job on.

Most strata bylaws state it's up to unit owners to keep strata lot up to living standards. So yes, strata can fine or even force a sale to kick the owner out. Doesn't matter if it's owner occupied or tenanted.

Dafuq?! Who are these strata council members and what are they smoking??? Have they never required any home maintenance work in their own units?

If you do that, you might as well disallow residents from booking or even just using the elevator for move ins and move outs.

Sure, but I can't imagine that's an easy one to enforce. First, unless there's a smell or noise impacting neighboring units, how would you even see what the state of the inside of that unit would be? What's the definition of "living standards", that's kind of ambiguous and sounds like it would be ripe for court challenge.

I had a listing earlier this year, took close to 3 months for Strata approval, then they hit us with no elevator use allowed. Contractor said no way in hell and didn't take the job. Other contractors quoting me $60k+ for a full reno on the 800sf unit. Seller said fuck it, delisted and rented it back out. The PM for that building was such a bitch. Wouldn't give me a reason as to why that bylaw was put in. I too told her to treat it as move in/ move out and we'll pay the fee/deposit. She refused and then ghosted me.

I would imagine, one would have to royally fuck the place up so bad that Strata would have to step in to enforce that bylaw

16-40 story highrise has entered the chat

If that was my strata, and said the contractor can't use the elevator, I would be shitting Infront of the councils doors, or who ever made that shit up

Sounds to me like that building has a single elevator, and too many people agreed that renovations result in other owners doing exercise up the stairs, plus did not want anyone doing renos due to noise.

$430k for that place $65-80k for renovations... you're in it for $495k-510k + closing costs...

Selling prices in the summer for similar units was $575k-600k...

Given the repressed market and realtor fees, etc... it's like what a $40k profit max? A lot of risk to take on.

Plus that’s a really really old building. A lot of buyers would run for the hills seeing such an old building.

It was a lowrise with 2 elevators. I've heard from few other realtors they experienced the same thing with 1 of them hiring EI builders who said fuck it and used the elevator anyways. They were willing to pay the fine, which they didn't get caught, but man, sometimes better to ask for forgiveness than permission sometimes.

40-50 year old buildings with full reno'd units were getting competing offers during month of August. Anywhere from 3-5 bids. Most were 1st time home buyers as I had a pair of clients with a budget of $500k getting outbid by average of $30k.

I mean... if you're not rich... and a 2 bed room is $600k in one building and $850k in another building... do you still buy the $850k one that's brand new or do you say fuck it and buy the $600k one that's in a 40+ year old building but renovated?

That's your buyer at these places.

So my buddy’s building is selling 2 bedrooms (3-5 years old building) for 650k in Richmond (close to that new Walmart) why would anyone pay 500-600 to live in such an old building in Burnaby. Seems insane. If it was van west I’d kinda get it because of school district or some shit but Burnaby ?!? Mind blowing for me.

A few reasons why people would take that Burnaby condo in an older building:
- The strata corporation could be a candidate for a buy-out in the medium to long-term, depending on the density of neighbouring parcels
- With interest rates the way they are, that 50-100K difference could mean a lot for buyers who are at the limit of affordability
- Construction and build quality 30-40 years ago is arguably better, despite improvements in building efficiency in modern buildings. There's no guarantee that a building that is 3-5 years old will not see significant issues in the next 10 years, whereas a building that has survived 40 years will likely survive another 40, particularly if it's a concrete building.
- To be frank, there are many people who will never set foot in Richmond, let alone live there. It's sort of like how certain people would rather live in Langley Township, rather than in Surrey, or Port Moody rather than in Coquitlam.

People who's preapproval dropped due to rate hikes. Buyers who don't have the extra $50k - $100k cash for the difference

Which building?

My building in Richmond is on the other side of the field next to WalMart... 13 years old and a 2 bedroom is $850k

My 1 bed + den is $630k

I'm not doubting you, but I'm genuinely interested... I'd upgrade for almost no cost lol.. I just took a quick look at don't see anything for less than $780 or more

The townhouses next to that WalMart are like $1.5+

His strata fees must be out of control, that dwindles interest really fast in places when the strata fee is $400+

The "never set foot in Richmond" thing is so stupid, it's one of the best run cities in the entire lower mainland if not the best, they even landscape the islands on many streets ffs... all I ever hear is the bad driver stuff, lol, I been here for my whole life and I've been in 1 car accident that wasn't my fault... and it was a white guy that hit me.