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Era
Uses: condo, commercial
Address: 726-746 Yates Street
Municipality: Victoria
Region: Downtown Victoria
Storeys: 15
Condo units: 157 (loft, 1BR, 2BR, sub-penthouse)
Sales status: sold out / resales only
The 15-storey Era condo and ground floor commercial tower is located in the 700-block of Yates Street. The pro... (view full profile)
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[Downtown Victoria] Era | Condos | 15-storeys | Built - completed in 2015

Condo Commercial

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1286 replies to this topic

#1281 Rob Randall

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Posted 24 January 2020 - 11:55 AM

And I haven't even mentioned the costs of running it. Are you hiring a cleaning service? Or are you going downtown everyday at 11 am to do it yourself? 


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"[Randall's] aesthetic poll was more accurate than his political acumen"

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#1282 m3m

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Posted 24 January 2020 - 12:22 PM

Yes the demand is crazy high in the summer. I have a friend that runs an AirBnB in Victoria in a condo downtown. 1Br. She only rents it for June July August September. She lives in the apartment for the 8 other months of the year. Has a property manager deal with the day to day cleaning and check ins. During the summer she works remotely out of her cabin at shawnigan. It’s a bit of a pain in the ass to remove all her personal belongings for the summer but certainly worth it given the money she makes

#1283 Rob Randall

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Posted 24 January 2020 - 12:42 PM

Oh, yeah, in the summer you can clean up financially. Roughly double what you make in rent. But you (or your property manager) has to hustle. Having a minimum three or four day stay makes things easier. Daily check in and outs will drive you mental with all the juggling. Even if you have a cleaning service you have to make sure they can fit your schedule.


"[Randall's] aesthetic poll was more accurate than his political acumen"

-Tom Hawthorne, Toronto Globe and Mail


#1284 Rob Randall

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Posted 24 January 2020 - 12:45 PM

Thing is with longer stays of four to five days, it sounds good with less work but then you have these little leftover one and two day openings. You have to decide to leave them vacant or fill them up and then you're back with the daily check ins and cleaning and you're pulling your hair out scheduling everything and trying to dry two loads of linens and towels before the next check in.


Edited by Rob Randall, 24 January 2020 - 12:46 PM.

"[Randall's] aesthetic poll was more accurate than his political acumen"

-Tom Hawthorne, Toronto Globe and Mail


#1285 Mike K.

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Posted 25 January 2020 - 06:13 PM

There are services that handle all of that for you as well as cleaning. You just get your cheque at the end of the month.

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#1286 Rob Randall

Rob Randall
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Posted 25 January 2020 - 07:06 PM

Yes, but the context here is would it be profitable at this location. Cleaning could cost anywhere from $40 to $100 and depending on the advertised cleaning fee that could really cut into your margins.


"[Randall's] aesthetic poll was more accurate than his political acumen"

-Tom Hawthorne, Toronto Globe and Mail


#1287 ovovov

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Posted 29 January 2020 - 09:48 PM

6th fl, 562 sqft, with a parking spot asking for $852/sqft. or $479,500. 

 

interested to see the final selling price ;)

pended at 467k==>or $830/sqft with one parking spot



 



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