This is the best example of stupid luxury:
http://www.realtor.ca/propertyDetail...ertyId=7569057
This building is 1 block from my house and I've been watching it for about 1.5 years. Here's some details:
- on corner of busy intersection Arbutus/12th
- original lowest price for 2 bd/2bath: $795K
- one just sold for $545K, the last 2 bigger ones are still at $595K after sitting > 6 months unsold since the building completed.
Who needs these features?
- vaulted ceilings range from 11 to 13 feet in height
- Over-height passage doors
- State of the art kitchens with top tier premium appliances, Caesarstone Quartz slab counter tops and custom cabinetry
- Wall-hung Italian cabinets, rich marble counters, a separated tiled shower and deep soaker tub
Plus the exterior of the building is UGLY!
- modernist European exterior design that is sure to impress
The only thing that is for sure is that it'll be out of style within 5 years when that orange looks like faded puke.