Two bids for tiny condo and a wedge into the market

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The 397-square-foot older unit, built in 1996, has a fireplace, stacked laundry, small balcony and pantry

The suite is close to transit, the University of B.C. and downtown, as well as the airport. The building had been updated with a newer boiler and plumbing.“This condo is one of the smallest units allowed in the city of Vancouver,” Mr. Roy says.The agent’s take

The building used to have rental restrictions before the provincial government prohibited them. The lifting of the restriction increased the unit’s value, Mr. Roy says. “One of the unintended consequences of removing rental restrictions in all strata buildings in B.C. is the increase in the price of units that were previously restricted,” he said.

 

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“One of the unintended consequences of removing rental restrictions in all strata buildings in B.C. is the increase in the price of units that were previously restricted,” Unintended? - Yes, Unpredicted? - No. GoldinYVR

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