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Leasehold apartment properties - how to value them?


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#21 phx

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Posted 26 January 2014 - 03:16 PM

The costs for services (water, sewer, garbage, etc.) are higher as the reserves are typically not as efficient as municipalities.


Edited by phx, 26 January 2014 - 03:18 PM.


#22 Mike K.

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Posted 26 January 2014 - 04:59 PM

So Orchard house is on native land?

If that's the reason than that would answer the question I've been asking: why a lease? Sounds like a silly way to go unless you're forced into it.

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#23 MarkoJ

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Posted 26 January 2014 - 05:05 PM

A lot of apartment leasehold properties in Victoria include city taxes (something you would pay for separately in a strata freehold condo).  Also, a lot of condo leasehold properties include heat and some of them also include cable!


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#24 VicHockeyFan

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Posted 26 January 2014 - 05:38 PM

So Orchard house is on native land?
 

 

No.  Natives do not have little pockets of land here and there.  Even when they get the Esq. liquor store site and the PCC building I think they are allowed to sell those properties if they want, they will not be part of regular reserve lands.


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#25 Mike K.

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Posted 26 January 2014 - 05:43 PM

A lot of apartment leasehold properties in Victoria include city taxes (something you would pay for separately in a strata freehold condo).  Also, a lot of condo leasehold properties include heat and some of them also include cable!

 

Ok, so it just sounds like it was a way for developers to sell condos at a time when condos were a relatively new housing type in this region, and I'm sure anyone buying a condo back then was looked at kinda funny.


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#26 Bernard

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Posted 17 February 2014 - 04:42 PM

No.  Natives do not have little pockets of land here and there.  Even when they get the Esq. liquor store site and the PCC building I think they are allowed to sell those properties if they want, they will not be part of regular reserve lands.

Unless they are specifically restricted from being made into reserve land, there is no reason the First Nation could not take any new lands and make them reserves



#27 phx

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Posted 18 February 2014 - 09:21 PM

Unless they are specifically restricted from being made into reserve land, there is no reason the First Nation could not take any new lands and make them reserves

 

Only the federal government can designate reserve land.


Edited by phx, 18 February 2014 - 09:22 PM.


 



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