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2009 News
Outstanding Deals in the Whistler MarketBy Lance Lundy February 27, 2009 No matter what real estate market you are looking in these days you’ll see outstanding opportunities. The global financial crisis has definitely had its’ affect on Whistler as well and as a result of that we see many opportunities that have presented themselves to us. Although the entire market has declined across the board there are some owners who because of individual circumstances have offered their properties at much more favorable pricing. Also aware that prices across the board may soften a bit more, these sellers have boldly priced their properties to already take this into consideration. Here are a few examples of what I’m referring to: This is a ski-in/ski-out property in a modest building located on Blackcomb Mountain which offers a swimming pool, hot tub, underground parking and good storage. The last sale of a 2 bedroom was at $610,000 and the sale before that was $580,000. We have a client who wants his 2 bedroom unit sold before the end of ski season and he has priced it at $474,900. This property is fully furnished and equipped and is ready to rent out or to have the family use it. The market may decline across the board but this price has certainly absorbed any doubt that it is not a great buy. View my web commercial for #105 Wildwood #362 ASPENS In all of Whistler there are very few buildings that are situated right smack dab on the ski runs but the Aspens is one of them! This building has always been one of the premier locations in Whistler and as a rule it also demands and receives much higher rental rates because of its’ location as well as its’ reputation. The Aspens has a fantastic inner courtyard with a beautiful swimming pool, 3 hot tubs and a small work out area. It also offers a ski valet, underground parking and owners ski lockers. This 1 bedroom unit (sleeps 4) is located overlooking the swimming pool with views of the chair lift. The suite is fully furnished and equipped and is already priced over $35,000 less than the last sale which was just a few months ago. This seller is aware of the market conditions and has set his asking price of $449,900 well below other comparable units in the building. View my web commercial for #362 Aspens #511 WOODRUN This is a fantastic buy right on the ski hill in one of Whistlers’ few concrete and steel buildings. Woodrun is a classic building in a one of a kind location and this 2 bedroom/den suite is everything you’d want in a mountain retreat. It actually acts like a full 3 bedroom, has 2 full bathrooms and is over 1,375 square feet. The views are spectacular and the suite comes furnished and equipped. The swimming pool and hot tub are perched on the ski run and there is also a small cardio room to stay in shape. The last sale of a comparable unit was in January at $1,300,000 . This seller wants the property sold a soon as possible so he has priced it at $1,099,000. This is a deal!! View my web commercial for #511 Woodrun DELTA HOTEL We have a few studio suites in the Delta Hotel that are just incredible investments. These small studio’s are showing a net return of over 4% after operating expenses and property taxes. These studio’s have sold for over $220,000 in the past but these units are priced from $158,900 to $174,400 by owners who need to cash out now. This is a great “hands off” phase 2 hotel/condo opportunity. View full listing details for #2201 View full listing details for #2303 View full listing details for #2304 View my web commercial for the Delta Whistler Village Suites #258 ASPENS This owner has owned his 2 bedroom slope side condo for a number of years and now needs to use the equity for other properties so he has decided to set his price well below other 2 bedroom units so he can sell before the end of ski season. This 2 bedroom unit overlooks the pool and hot tub, has 2 balconies and is furnished and in great condition. Other comparable units are priced over $850,000 but this owner has priced at $699,900 to accommodate a sale. This is one of the best buys in town at this price! View my web commercial for #258 Aspens #75 TWIN LAKES If a year round retreat might be what you’re looking for then do not pass this up. This is a townhouse on Alpha Lake with 3 bedrooms and a large den that could be used as a bedroom, media room or rec room. The property sits overlooking Alpha Lake with spectacular views. Recent sales in the complex have been $785,000 and $725,000. The owners have upsized and have recently reduced the price by $100,000 and have now priced it at $699,000. The complex offers a private beach, swimming pool and tennis courts and a shuttle to the ski hill all winter. View my web commercial for #75 Twin Lakes #12 SMOKETREE Everybody wants to own a place in Whistler that they can walk into the village from. Whistler Cay is the neighborhood and Smoketree is the complex. These owners have owned here for years and have decided that they just aren’t using the unit anymore. This is a 2 bedroom, 2 bath condo property with views to Whistler Mountain. It does come furnished, has a carport as well as an open parking space and some good storage. The last sale was $600,000 and this unit is priced at $478,900. It’s tenanted and is getting $2,000 per month. A great opportunity for a residential property in Whistler. View my web commercial for #12 Smoketree |
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