Condo bargain? Surrey micro-suites start at under $94K
A new condominium project has people intrigued about the low cost of owning real estate in Metro Vancouver.
The sales centre for the Evolve housing complex in Surrey was buzzing with potential homebuyers Saturday.
The condo complex will include 35 suites just 316 square feet in size with presale prices starting at $93,900. Dozens more micro-suites in the complex will also be under 400 square feet.
“I think they offer great space, great affordable space and a chance to own your own home in a very difficult marketplace in British Columbia,” said Surrey Mayor Linda Hepner earlier this week.
Some prospective home buyers were shocked by the affordability of units in the project.
“I haven’t seen anything in the Lower Mainland at this price point, so it’s quite a surprise,” one said.
Another person said while the size of the smallest units was initially worrying, the tiny suites were designed efficiently.
“It will be a tight space but for a single person and even for a couple who’s out of the house most of the time I think it’s totally doable,” she said.
While there are currently 18 residential towers going up in Surrey Town Centre, trends in the area show more home buyers are looking outside of high-rises.
Last year sales of single family homes went up 19 per cent in Surrey, townhouse sales went up 13 per cent and condo sales dropped by three per cent
With files from CTV Vancouver’s Michele Brunoro