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There's a first for everything: $99,000 Vancouver condo for sale

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DH Vancouver Staff May 22, 2013 8:27 am
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We did a double take on this when we saw it, but as it turns out – they didn’t leave out any zeros, it was no typo. This 1989-built 613 sq. ft. condo with one bedroom, one bathroom, and one parking space on North Templeton Drive in East Vancouver is selling for just $99,000. Could this possibly be the cheapest apartment in the City of Vancouver?

According to the Vancouver Observer, it’s no mistake. The condo unit is in very rough shape, a lot of renovations are needed to make it a livable place, and the owners hope to start a bidding war as a means of increasing its value. In contrast, other units in the building were recently sold for $198,000 (479 sq. ft. one bedroom) and $269,000 (653 sq. ft., one bedroom).

What could the previous occupants have possibly done to the unit that dropped its market value so much?

See the full MLS listing here.

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D8d194f40cb13417f79d4d8daee34fdb?s=96&d=mm&r=g
DH Vancouver Staff
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