digitalis
Active Member
So I was looking at retail real estate and I decided to see what was happening around Pacific Mall. What I saw was rather surprising:
http://www.icx.ca/propertyDetails.aspx?propertyId=8852298 290 sq. ft. @ 559,000 = $1,927/sq. ft.
http://www.icx.ca/propertyDetails.aspx?propertyId=8973469 290 sq. ft. @ 599,900 = $2,068/sq. ft.
Now, as a comparison:
http://www.icx.ca/propertyDetails.aspx?propertyId=8944131 - 2170 sq. ft. @ $1,599,000 = $736/sq. ft. This is freestanding property on Yorkville!
Can anybody see a reason that units at Pacific Mall would be asking such high prices? Can anybody make money off of these (either investor or renter who has a business there). Am I missing something here? Keep in mind that Pacific Mall operates as a condo, so the owner of the unit still pays maintenance fees on top of everything else.
http://www.icx.ca/propertyDetails.aspx?propertyId=8852298 290 sq. ft. @ 559,000 = $1,927/sq. ft.
http://www.icx.ca/propertyDetails.aspx?propertyId=8973469 290 sq. ft. @ 599,900 = $2,068/sq. ft.
Now, as a comparison:
http://www.icx.ca/propertyDetails.aspx?propertyId=8944131 - 2170 sq. ft. @ $1,599,000 = $736/sq. ft. This is freestanding property on Yorkville!
Can anybody see a reason that units at Pacific Mall would be asking such high prices? Can anybody make money off of these (either investor or renter who has a business there). Am I missing something here? Keep in mind that Pacific Mall operates as a condo, so the owner of the unit still pays maintenance fees on top of everything else.