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Sechelt Development - The Watermark at Sechelt
09-15-2013, 02:02 PM, (This post was last modified: 09-18-2013, 03:35 PM by Skook.)
RE: Sechelt Development - The Watermark at Sechelt
A few days after posting my latest update above, I went back to visit the Malaspina Property Management site. I was still trying to determine if it was only one unit for rent or multiple. For some reason, I decided to click on a pic and when it opened the unit # was on the browser tab. So, the pictures, anyway, are for Unit #406 in the new completed Phase 1 - 5665 Teredo St and here is the floorplan with some of those rent listing pics. Quite a dinky little livingroom area, eh. Now, what was the purchase price of that unit? Oh, right, in 2011 the owner paid $389,405 (got the 5% early bird discount). However, the same floorplan in Phase 2, was purchased in Nov 2012 for $429,900 - well done, I am so proud of you! Boy, those townhomes at Edgewater at Porpoise Bay are starting to look like a real bargain.

[Image: attachment.php?aid=419]

I have just this minute checked the Malaspina website to see if the ad is still there. It is and would you look at that...the rental price has dropped on the low end and risen on the high end...LOL...just can't keep up with all this silliness. So, when I posted on the 6th, the rent listed was $1,250-$1,300 and now it is $1,150 - $1,500. There has to be more than one unit involved here. You think?

[Image: attachment.php?aid=420]

Now, I better run over to Holywell and double check their ad. Whew, still there and still at that reduced price of $1,050/mth. Tongue

Update: oops, me bad - didn't read the ad with both eyes open. Yep, at least two units involved here with Malaspina. The ad says one bedroom and three bedroom, now. So, #406 has the one bedroom and the three bedroom can only be one of the big, pricey units facing the ocean - ew, la, la. Someone dropped some serious coin here.

Sept 18, 2013 Update:

Another change to the number of units now for rent at Watermark. There are now 2 - one bedroom units available joining that 3 bedroom waterfront facing unit.

As well, the low end of the rental price range has dropped again. It is now $1100 - $1500/mth.

[Image: attachment.php?aid=429]

Way to go, Watermark, you're definitely on your way to becoming Sechelt's Coal Harbour - units sold but nobody home. Whoever will be opening that café-bistro might as well hold off until next summer (2014) otherwise it will be as dead as a doornail over winter.

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RE: Sechelt Development - The Watermark at Sechelt - by Skook - 09-15-2013, 02:02 PM

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