Thursday, March 19, 2015

Residences

The Residences at Georgia offers an interesting question. What is it like fiscally to purchase a property for perhaps four (4) days a year?

A property like on at the Residences at Georgia offers a hotel like stay for up to $18,000,000.00 USD. You will of course have to pay for your own renovation. A penthouse we like in terms of layout is presently available for $8M CDN.

Let's look at 4501 - 667 West Georgia.



It's a pleasant unit, of smaller room sizes, for Vancouver, and reasonable 4-person layout, suitable for a full-time stay in town.

The Penthouse was not the unit we had in mind, however. That knocks $10M off the initial purchase price, and includes a complete finish. We were thinking of unit 4401, in a dark finish. $3,785,000 CDN is much more reasonable.You could not conceivably wish to visit a major city for a longer-stay, before you get bored with the scenery.

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