9 replies to this topic

[VicHockeyFan]

These suckers were all the rage 10 or 15 years ago, but now I see they suck.

The sale price is not very high whatsoever for units for resale.

And then I came across this one at 3133 Tillicum that was an a la carte style, and they have closed the food facilities all together.

Were they ever a good idea?

Davis Realty Corporation
Davis Realty Corporation
3306 Henderson Rd
Victoria, British Columbia V8P 5A7
Telephone: 250-598-6200
Fax: 250-598-1253
Toll Free: 866-598-3571
Email Office
Office Website

Senior 55+ condo with efficient floor plan with good separation of the 2 bedrooms. Open kitchen / dining / living room area feels quite spacious and is easily maintained. In suite laundry and a 3 piece bath with large vanity and double size walk in shower. Complex was built as a hybrid type of independent living with meals and other senior services being available ala carte. The facilities for these services still exist but the services were discontinued a number of years ago. They are now just part of the common property. Some secure parking available along with extra storage outside of the suite.

[sebberry]

Who actually provided the care and cooking services?

[VicHockeyFan]

Who actually provided the care and cooking services?

Well, most of them have staff, you basically pay a big strata fee. So they are like Somerset House (not as nice) where you pay a hefty monthly fee for laundry services, food and I think even weekly cleaning in some, but you still own the place like any strata. I suppose amongst yourselves you can change the level of service over time, maybe you sign contracts year to year with a company.

Here's one, look how low the purchase price is: http://www.realtor.c...pertyId=9537134 $139k for 800 sq. ft.

Strata fee and service fees work out to $1682.94 per month, far below the cost of a rental unit with the equivalent services.

$239k for two bed, two bath.

Sold in 2008 $180k one bed + den over 800 sq. ft.

[sebberry]

Well, most of them have staff, you basically pay a big strata fee. So they are like Somerset House (not as nice) where you pay a hefty monthly fee for laundry services, food and I think even weekly cleaning in some, but you still own the place like any strata. I suppose amongst yourselves you can change the level of service over time, maybe you sign contracts year to year with a company.

Here's one, look how low the purchase price is: http://www.realtor.c...pertyId=9537134 $139k for 800 sq. ft.

With a $1600 p.m. strata fee I'm not surprised the unit is that cheap.

Care homes are generally what, $5,000 per month or more?

[sebberry]

Actually, a care-a-minium is probably a better way to go, especially if you have children.

Granny sells her house for $500,000, moves into one of these for $140,000 and pays $1300 per month. Granny dies, more left for the kids. Granny lives too long, kids have to pay less per month for granny to live at the care-a-minium.

[victorian fan]

^
I plan on leaving my house feet first.

[sebberry]

Yikes... did they run out of prune juice or what?

 

 

Abbotsford seniors’ condo battle worse than a reality TV show

 

The court documents read like the plot of an irresistible reality TV show — about senior citizens.

 

The drama that has unfolded at Abbotsford’s Carlisle condominium complex during the last four years involves allegations of egg-throwing, scooter-tampering and prank phone calls (not to mention a hallway brawl and an alleged extra-marital affair).

 

At one point the dispute became so out of hand, a B.C. provincial court judge who was asked to rule on three civil lawsuits said he expected to find “emotional children who have not yet learned the basic tenets of acting civilly towards each other, not senior citizens.”

 

[...]

 

 

 

 

http://www.timescolo...-show-1.1075114

[VicHockeyFan]

$64,700 for a one-bedroom at 630 sq. ft..

 

http://beta.realtor....ertyId=14320878

[Szeven]

Someone needs to accumulate 20 of them and make them rentable. Pay 1500 in stata rent for 3k.

[VicHockeyFan]

Someone needs to accumulate 20 of them and make them rentable. Pay 1500 in stata rent for 3k.

 

 

Ya, I guess you need to get yourself to the required voting block size.