Vancouver Condo Real Estate Video Blog #464 - January 5, 2010
There is A Lot to Consider When Buying a Vancouver Condo with Commercial Space Below
Ian Watt video blogs about how there is a lot to consider when buying a Vancouver condo with commercial space below the residential units and its important to find what kind of businesses can occupy the spaces and how they vote in regards to common area repairs. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs.
Ian Watt: Hi Good Afternoon its Ian Watt in Downtown Vancouver. If you're thinking of buying a place in Downtown that's a strata property that has commercial space down below. It's very important to dig very deep and find out exactly what kind of zoning they have and find out what businesses can go in there because it would be really terrible if two years down the road that nice little bakery that emanates all that nice smell in the morning, that coffee shop goes and then they have a nail bar that stinks up the place or a Kenny Rogers chicken with the flashing sign in the window that will be a little unfortunate and it would be very difficult to sell your strata unit after that, so it's very important to dig deep on the mixed use, if there's commercial plus residential within one strata. You find out also how can they vote and how those two strata's work together very important things to think about if you're buying a condo in Downtown Vancouver. My name is Ian Watt. If you have any questions you can always email at ianwatt@ianwatt.ca. Thank you very much and have a great day!