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

DH Vancouver Staff May 22, 2013 8:27 am
Brenna victoria 6

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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DH Vancouver Staff
Daily Hive is the evolution of Vancity Buzz, established in Vancouver in 2008. In 2016, the publication rebranded and opened newsrooms in Calgary, Toronto, and Montreal. Send story tips to [email protected]

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