Downtown

I was just doing some research for a client and I noted that there are currently 35 listings actually active already in this new building on MLS!

It appears the much vaunted and waited for Shangri La building is suffering along with the rest of the market.

It will be about 75% rental from what I understand.

The only sale on MLS was a 26th floor (that is a few floors below the view kicking in) one bedroom of 595sq ft which had been listed at $458k but sold the last week of November 2008 for $410k or $689psf.

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Here are this week’s new listings at Downtown Suites:

1202-1133 Homer: $1500, 645sf in Yaletown
2 bedrooms, 2 bathrooms, den, in suite storage, in suite laundry, high end appliances, 1 parking spot.

1006-930 Cambie: $1750, 1122sf in Yaletown
2 bedrooms, 2 bathrooms, den, in suite storage, in suite laundry, hardwood floors, 1 parking spot.

1707-989 Nelson St: $1800, 763sf in Downtown
2 bedrooms, 2 bathrooms, new appliance package, storage locker, free laundry

613-22 E Cordova: $1350, 603sf in Gastown
1 bedroom loft, 1 bathroom, floor to ceiling windows, in suite laundry, views of Mt Baker

2803-1199 Seymour: $1250, 500sf in Downtown,
Studio with modern kitchen, in suite laundry, storage locker, views of the city and mountains

Please check in again next week for all the new listings.

Downtown Suites, Ltd.
Experienced Property Management in Vancouver

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Vancouver is given a big boost in today’s New York Times, in the Great Homes, Lifestyles and Destinations section, outlining many of the reasons why investors and second-home buyers worldwide choose to invest in Vancouver real estate.

The article:

Preening for the Olympics, Vancouver Is Building Up

By DAVE CALDWELL Published: December 4, 2008

EVEN when it rains hard in Vancouver, British Columbia, the host city for the next Olympic Games, big yellow backhoes at construction sites near Coal Harbour.…(view full article here)

Those involved in local real estate estimate that about 20 percent of those second-home buyers will be Americans. “We’re really livable, which is why America likes us,” said Bob Rennie, whose company, Rennie Marketing Systems, promotes several developments in Vancouver.

Click the link to view the stunning slide show “Building Vancouver’s Olympic Future” from today’s New York Times. It shows through spectacular photography the beauties of the city of Vancouver.

At Downtown Suites, we manage the properties of many non-resident investors who own in Vancouver.

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Last week saw another great new rental listing, this time at the beautiful luxurious new Shangri La, on the 44th floor at 1128 W. Georgia.

View from Suite at Shangri La

Absolutely spectacular estate home in the Shangri La Tower on the 44th floor. This is the only floor with 10′ ceilings and only two suites on this floor!
Fabulous views to north east and south including Coal Harbour and the mountains to the north.
Estate homes have exclusive entry through the lobby of the Shangri La hotel
2 Bedrooms, 2.5 Bathrooms, 2500 Sq. Ft.
Fabulous marble bathrooms, granite counters.
Enjoy the use of the complimentary BMW car service as available in downtown
Great amenities and of course hotel service from the world renowned Shangri La Hotel
Available January 1st.
Applications are now being considered. Go to our rental listing for more info.

Generous Lliving Space

Fine Detailing

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