Leasehold property gives buyer a foothold in the Vancouver market

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Leasehold property has a corporate-owned lease that is valid until 2073

This is a leasehold property, with a corporate-owned lease that is valid until 2073. Listing agent Dwayne Launt received three subject-free offers on the unit and the winning bid went to a first-time buyer who plans to live there. The seller was relocating out of the city.The top floor southeast corner unit in a Mount Pleasant building built in 1967 is within walking distance of shops and transit, including the upcoming Broadway subway line.

The 723-square-foot, one-bedroom apartment is bright, on a quiet street, with a balcony and galley kitchen. There’s underground parking for rent at $125 a month and shared laundry. The monthly fee includes heat, hot water, high-speed internet, cable TV, property taxes and management.“Many people asked me why they should buy a leasehold property and my response is that this is an entry level into the market.

 

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