Sales materials have been released for a high end condo development on Alberni at Denman in the West End, and they're sure to raise the eyebrows of neighbours in aging lowrise rentals nearby.
That would be most of the residents of the West End.
Real estate agent David Hutchinson tweeted out images of a Landa Global Properties brochure showing units in the development that's being called "1818 Alberni" start at $5 million.
He noted that the last time a unit was sold at an address next door to this one was in 2015, for the sum of $305,000. Two years later the entire building sold for $52,000,000.
36 "ocean view residences" will be available for sale soon, and the units range in size from 1,800 to 5,000 sq ft.
If you're doing the math that's $2,777.77 per sq ft.
You can learn more about these condos at 1818alberni.com.
#vanre "STARTING FROM $5 MILLION" Affordability out the window. This is the old 1830 Alberni St condo building. The last sale was in 2015 for $305,000. "West of Denman - Garden Court 1 bedroom located next to Stanley Park!" The whole building was sold in 2017 for $52,000,000. pic.twitter.com/KpPA5EeX0b— Hutchyman (@Hutchyman) December 23, 2019