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Investor clients are now looking for ways to maximize their rental return and one of the more popular ways to do that is through sites like VRBO and Airbnb.  The issue with these short term rental options are that stratas are starting to shut them down, or fine home owners who they find to be using them.  Buildings such as the Woodwards building are fining short term rental owners $200 for each infraction that they catch.  With this being said if you were to look on Airbnb you would quickly realize that there are still numerous options in the building.  

 

Acting on behalf of investors I try to find ways around this or at least educate my clients that this may not be a long term plan.  What I find is that you can often get away with short term rentals in the first few years of a building or if you have your own front door, such as a townhome or ground floor unit.  It becomes more difficult as the stratas get in place and complaints start to happen.  There are a few buildings in Vancouver that are known to be more lenient on short term rentals and we can look at those as well.  

 

One area that is extremely profitable in this market is Olympic Village.  With huge nightly rental rates, proximity to the sky train and downtown, and a variety of new buildings I see this as a great place to try your luck at short term rentals.  With that being said, be prepared that you may get shut down and need to convert to either a 3 or 6 month rental period.  

 

Good luck fellow investors and happy hunting!

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With Interest rates at an all time low and this home currently rented for $1800/month it is tough to find a better investment property in the city.  With 20% down and after all expenses are paid you are looking at making roughly $600/month on this property.  Not many of these come on the market for obvious reasons.  Shoot me an email/call if you would like to view.  casey@caseyarchibald.com or 604.363.7858

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$355,000

 

INVESTOR ALERT: Unique loft space in the heart of Gastown.  This beautifully renovated suite boasts 16' ceilings with a direct view of the North Shore mountains.  White counter tops, SS appliances, self condensing washer/dryer, cedar postand glass railings, and a massive master bedroom.  Located in the most vibrant and historic neighborhood in Vancouver with some of the most well renowned restaurants and shopping including Boneta and Cork & Fin amongst many other notable establishments.  This is one of the best value buildings in the area so don't miss this chance to own in historic Gastown!  Comes with PARKING!

 

 

 

 

 

 

 

 

 

 

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Located at the corner of 6th and Scotia, Wohlsein is just one block of Main street in a very up and coming area.  Shine, The Independant, and Focus are all new developments coming within a couple of blocks.  Built with solid concrete construction and LEED standards brings peace of mind.  Studios starting from $248,900 this could be a great investment or a place to call home.  

 

6 storeys

110 Units

Completion: Spring 2017

Deposit: 15% of purchase price

Estimated strata fees: $0.36-0.37/sqft

Developer: Jameson Development Corp

 

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Looking to get into the Vancouver housing market?  

Welcome to 55 Alexander! 441sf NEW YORK STYLE LOFT in one of the best areas of historic GASTOWN, just steps from great restaurants, nightlife and shopping. This well laid out studio features high end finishes including granite counters, gas range, beautiful solid wood cherry stained cabinets, pedestal sink, mosaic tile, Berber carpet, hardwood flooring in the entrance and more. Other features include unique half circle windows, in-suite laundry and an awesome common rooftop deck with mature plants, high quality outdoor furniture, BBQ and amazing views from the inlet and North Shore Mountains. Pets and Rentals OK.

 

 

 

 

 

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