Vacant Condo in Victoria Park
A relocated owner sold a vacant Victoria Park condo with dated finishes and an unresolved prior-work issue instead of managing it from another city.
The property and seller's goal
The owner had relocated and wanted to stop paying association fees, taxes, and maintenance.
The main obstacle was an outdated interior and an unresolved issue involving earlier unapproved work.
- Property type
- Condominium
- Condition
- Livable but dated, with older finishes and an administrative complication.
- Why the owner sold
- The owner had relocated and wanted to stop paying association fees, taxes, and maintenance.
- Biggest challenge
- An outdated interior and an unresolved issue involving earlier unapproved work.
- Purchase method
- Cash
- Closing timeline
- 24 days
- Closing month
- January 2021
The outcome
The seller stopped carrying the monthly expenses and avoided managing renovations remotely. The condo was updated and the compliance issue was addressed.
The documented transaction closed in 24 days.
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