Want to own a piece of luxury? Now, while Craigslist is typically better known for cheaper rentals, this listing is a little bit different.
A one-bedroom condo is available at the Vancouver Shangri-La for the low, low cost of $1 鈥� but there鈥檚 a catch.
Let鈥檚 let our seller introduce the unit: 鈥淚 own a 1 bedroom unit at the Shangri-La that has a couple of mortgages on it. There is essentially no equity left - given that the market has now fallen.鈥�
The offer? 鈥淎ssume the debt and own and takeover a unit in the Shangri-La for no money down!鈥�
The unit is a one bedroom, one bathroom unit on a high floor. It faces north, has partial water views, comes with one parking stall and measures 677 sq. ft.
The listing goes on to describe the details, including a 鈥渨ell appointed kitchen with granite countertops, Miele stainless steel stove鈥� and top of the line faucet.鈥� There鈥檚 even the option to 鈥渞elax in the spa-like bath鈥� and access to a 24-hour concierge and a top of the line fitness centre.
What鈥檚 not included however, is just how much the 鈥渃ouple of mortgages鈥� associated with the unit add up to, as well as the cost of monthly payments.
Currently, similarly sized units in the luxury hotel are advertised from $899,900 to $998,000.
The ad has been up for two weeks now with no sign of a deal, so if you鈥檙e looking for a luxury, no money down pad 鈥� this might be your moment.
Like us on Facebook and follow us on Twitter.
Want to support local journalism during the pandemic? Make a donation here.
