Ryan's Listing Blog: Consider these 3 buildings if you're looking to buy an investment condo in Downtown Vancouver, BC

Consider these 3 buildings if you're looking to buy an investment condo in Downtown Vancouver, BC 

When looking to buy investment condos in Downtown Vancouver there are many options for you to choose from. Studios, one bedrooms, two bedrooms even luxury suites that will sell for millions.

 Most investors in Downtown Vancouver condos are simply looking to increase their equity over the long term while the rent covers the cost. Read my blog about successfully purchasing an investment condo Downtown Vancouver and keeping your costs down.

 One key to successfully investing in a Downtown Vancouver condo is to buy into a good building. This blog is about 3 good buildings located very close to each other: 1155 Seymour St & 1199 Seymour St - Brava; 1188 Richards St - Park Plaza; 1225 Richards St - The Eden.

1155 Seymour St & 1199 Seymour St - Brava

• Built in 2005 by Amacon
• Granite in kitchen and washroom
• Excellent facilities include fitness room and 75' lap pool
• No parking for studio apartments

1188 Richards St - Park Plaza

• Built in 1996
• Rainscreened and new windows in 2007
• Very low monthly strata fee & property taxes
• Exercise centre, hot tub and sauna

1225 Richards St - The Eden

• Built in 2003 by Bosa
• Granite countertops in kitchen
• Gas range and dishwasher
• Exercise centre with swirl pool and steam room

All 3 of these Downtown Vancouver buildings are located across from Emery Barnes Park and many suites will offer views of the park.

If there was a studio apartment for sale in all three buildings the differences would as follows:

 1188 Richards St will have the lowest purchase price, strata fee & yearly taxes of the three buildings. Insuite laundry and parking included in purchase price with most studio apartments. It is also the oldest being built in 1996.

1155 Seymour St & 1199 Seymour St are the newest of the three buildings being built in 2005 and consequently have the highest purchase price, strata fee and yearly taxes. Studio apartments have insuite laundry but no parking spot. Parking in Downtown Vancouver is worth $30,000.

1225 Richards St will have a high purchase price but reasonable strata fees and yearly taxes. Although older than the Brava buildings (2003 vs. 2005) The Eden studios are equipped with Whirlpool Gold gas ranges and appliances, insuite laundry, storage lockers and one parking stall.

 If you are looking to buy a rental condo in Downtown Vancouver you can purchase any of these 3 buildings with confidence. All 3 offer a great location, solid construction and are equally popular with tenants.

 Contact Ryan by Phone, Fax, Email or Text message for more information on these or any other Downtown Vancouver condo.