A game: guess that house price (before the bubble bursts!)

[rousseau]

Idéal comme pied à terre. Condo de charme rénové. Au pied du Château Frontenac en plein coeur du vieux Québec. Bel environnement historique, beaucoup de cachet, 2cc, murs de pierre, entièrement meublé et équipé, vue sur le fleuve et la terrasse Dufferin. Possibilité de revenus en location mensuelle. L'endroit idéal pour les amoureux d'histoire.

"Beaucoup de cachet"? You'd think the French could have come up with their own words instead of borrowing them from English all the time.

What's "2cc"?

What would the neighbours think if you bought this as a pied à terre and let it sit empty for most of the year? Could you live in a city far away from Quebec and hire someone to run it as an AirBnB place for the days/weeks/months that you don't inhabit it yourself?

[kwoldtimer]

A property like that for an asking price of $265 per sq ft. One wonders why people aren't beating a path to own "pied a terre"s in the old city?

I guess that means that it is supposed to be my turn, but I will cede the honour to someone else.

[lio45]

Originally Posted by rousseau

"Beaucoup de cachet"? You'd think the French could have come up with their own words instead of borrowing them from English all the time.

What's "2cc"?

What would the neighbours think if you bought this as a pied à terre and let it sit empty for most of the year? Could you live in a city far away from Quebec and hire someone to run it as an AirBnB place for the days/weeks/months that you don't inhabit it yourself?

2cc is shorthand realtorspeak for "deux chambres à coucher". In English realtorspeak you'd say 2br.

The listing agent actually says that it would be possible for the buyer to get income renting the place on a more short-term basis. I can't guarantee your neighbors (the owners of the other units) would be thrilled if your unit became a year-round revolving door AirBnB spot, though.

You'd have to check with the agent and see if there's some kind of condo convention and what it says. At least it's possible to short-term sublet the place according to the listing, which is pretty nice already.

[Pinion]

edit: deleted temporarily. Have saved it for future posting.

signalhill, what do you think it is, toronto?! That would be a steal

[kwoldtimer]

Originally Posted by rousseau

"Beaucoup de cachet"? You'd think the French could have come up with their own words instead of borrowing them from English all the time.

What's "2cc"?

What would the neighbours think if you bought this as a pied à terre and let it sit empty for most of the year? Could you live in a city far away from Quebec and hire someone to run it as an AirBnB place for the days/weeks/months that you don't inhabit it yourself?

Not a bad idea. That location would be pretty quiet at night, but the tourist offerings are very close by.

[SignalHillHiker]

$1.2 million.

EDIT: Nevermind, carry on.

[rousseau]

It's not your turn. Kwoldtimer goes next (or allows someone else to go next).

[Pinion]

Originally Posted by rousseau

It's not your turn. Kwoldtimer goes next (or allows someone else to go next).

He said he ceded the honour.

[kwoldtimer]

Originally Posted by rousseau

It's not your turn. Kwoldtimer goes next (or allows someone else to go next).

Yes, someone else can go ahead.

[Pinion]

Ok, take two. This is the closest detached home to me right now



East side of Lonsdale in North Van (Moodyville). Not a particularly high end neighbourhood - traditionally working class - but close to some up and coming areas and the ocean.

-Square footage not even listed because no one in their right mind would buy it to live in it - it's crack house calibre. No interior photos.
-50 ft x 147 ft lot
-74 years old
-Next to a bus depot

If you get within $200,000 I'll be impressed.

[lio45]

Originally Posted by kwoldtimer

A property like that for an asking price of $265 per sq ft. One wonders why people aren't beating a path to own "pied a terre"s in the old city?

I think language isolates our market and generally just cheapens everything (which under normal free market conditions is totally normal for an isolated market).

Based on that observation of mine, in my early twenties when I chose to get into real estate in this province (which was a LOT cheaper then than now -- if you think this is cheap, you haven't seen anything), I was actually banking on it following a slow Louisiana-esque path over the following decades, the logic being that if someday it's just a typical Anglo province in practice, then there's absolutely no reason for property prices to not have finally approximately aligned with those.

Financially, I'd benefit greatly from Canada becoming a much more uniform real estate market. I'm not counting on that, but any step in that direction, my wallet isn't going to complain.

[SignalHillHiker]

Okay, so $1.2 million was too low... fuck it. $2.7 million.

[Pinion]

Originally Posted by SignalHillHiker

Okay, so $1.2 million was too low... fuck it. $2.7 million.

That's next year's price. Also this is still the suburbs. Lower...

[kwoldtimer]

It's a big(ish) lot, so I'm going to say $1M

Edit: $750G if the neighbourhood is considered "up and coming"

[lio45]

Originally Posted by Pinion

-50 ft x 147 ft lot

So that's basically what this listing is, except that you have to take care of getting the demo done (and pay for it).

Hmmm... $1.5 million?

I'm probably on the low side, but $1.5 million is already absolutely insane for a SFH-sized empty lot that isn't in Manhattan or the core of London. I can't bring myself to type a higher number.

[SignalHillHiker]

Originally Posted by lio45

So that's basically what this listing is, except that you have to take care of getting the demo done (and pay for it).

Hmmm... $1.5 million?

I'm probably on the low side, but $1.5 million is already absolutely insane for a SFH-sized empty lot that isn't in Manhattan or the core of London. I can't bring myself to type a higher number.

Sounds good to me.

[lio45]

Originally Posted by SignalHillHiker

Sounds good to me.

You can take a page from MonctonRad's playbook and bid $1,500,001

[kwoldtimer]

Originally Posted by lio45

You can take a page from MonctonRad's playbook and bid $1,500,001

Or be one of those really strange "Price is Right" bidders who'd say $1,499,999! I can never figure out if those people are that oblivious, or just nervous.

[lio45]

Originally Posted by kwoldtimer

Or be one of those really strange "Price is Right" bidders who'd say $1,499,999! I can never figure out if those people are that oblivious, or just nervous.

I'm not familiar with the rules at all (I'm not kidding -- I'm playing the "grew up in Francophone culture" card ) but based on your post the only logical deduction I can make is that the guessing game works like blackjack in that show -- the goal is to approach as much as possible, but without getting past it?

With this game here, I don't think there's any such rule, so $1,499,999 is also a rational position to "flank" my $1.5M from the other side.

In fact, if someone says $1,500,001 then someone else says $1,499,999, I am absolutely screwed unless the listing price is exactly $1,500,000.

Edit: Or I could just make a second guess, since we all keep doing that.

[SignalHillHiker]

This is the most Canadian convo I've seen here that wasn't about Canadian convos.