There are 2 for sale. Little townhome and 3rd floor unit in terrace. 5 units up for rent last time I looked which is unfortnate because no matter what anyone says some renters just don't have the same respect for a building as owner/ occupants who have $ invested in it.
Common.....give me a break; classic myth I hear over and over again at strata meetings I attend. I rented at the Bayview for three years and I don't remember treating the unit or building any worse than any of the units/buildings I own in. Tenants are not second class citizens which is what many strata corporations try to sell to restrict bylaws.
I find the percentage of units rented is a very small factor when it comes to presentation of the building. Things that actually make a difference from experience are such as a live-in care taker, or not. When I was on the strata council at ERA we had 60%+ of the building rented, 25+ vacation rentals, but we had a great live in care taker (strata owns the unit). Very very few issues and immaculate lobby/elevators/etc plus amazing re-sale (20% higher per foot than Bayview). On the other hand, I also have a unit at the 834 and it doesn't show nearly as well plus more issues as no one is on site to monitor move-ins/move-outs, etc.
At least you can get rid of bad tenants, unfortunately not much you can do about crappy owners.
With the market slowing down the buildings with no rentals and significant rental restrictions we get hit hard. You average owner-occupier doesn't want to buy into a no rental buildings, let alone the market as a whole.
Edited by MarkoJ, 28 January 2019 - 11:35 AM.