A one-bedroom unit at the Shangri-La in Vancouver is up on Craigslist for just $1 – but there’s a catch. (Craigslist)

A one-bedroom unit at the Shangri-La in Vancouver is up on Craigslist for just $1 – but there’s a catch. (Craigslist)

A world-class Shangri-La condo in Vancouver for just $1? There’s just one catch

It’s a luxury unit in the heart of Vancouver, what could go wrong?

Want to own a piece of luxury? Now, while Craigslist is typically better known for cheaper rentals, this listing is a little bit different.

A one-bedroom condo is available at the Vancouver Shangri-La for the low, low cost of $1 – but there’s a catch.

Let’s let our seller introduce the unit: “I own a 1 bedroom unit at the Shangri-La that has a couple of mortgages on it. There is essentially no equity left – given that the market has now fallen.”

The offer? “Assume the debt and own and takeover a unit in the Shangri-La for no money down!”

The unit is a one bedroom, one bathroom unit on a high floor. It faces north, has partial water views, comes with one parking stall and measures 677 sq. ft.

The listing goes on to describe the details, including a “well appointed kitchen with granite countertops, Miele stainless steel stove… and top of the line faucet.” There’s even the option to “relax in the spa-like bath” and access to a 24-hour concierge and a top of the line fitness centre.

What’s not included however, is just how much the “couple of mortgages” associated with the unit add up to, as well as the cost of monthly payments.

Currently, similarly sized units in the luxury hotel are advertised from $899,900 to $998,000.

The ad has been up for two weeks now with no sign of a deal, so if you’re looking for a luxury, no money down pad – this might be your moment.


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

Hotels

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Sahtlam Volunteer Firefighters Association has stepped up, in spite of COVID, for a number of charities. (Submitted)
Sahtlam firefighters step up

Sahtlam Volunteer Firefighters Association has a long history of supporting charities

A mobile home fire prompted a quick response from firefighters Saturday around 3:30 p.m. (Kevin Rothbauer/Citizen)
Mobile home up in flames at Duncan RV Park

One patient burned, EHS on scene

Phaecelia used as a cover crop attracts bees and provides them with high quality nectar. (Mary Lowther photo)
Mary Lowther column: Cover crops keep soil healthy and productive

We don’t harvest a cover crop and instead dig the tops under when they’re immature and soft

Sarah Simpson
Sarah Simpson Column: Home is where you know your neighbours

My mom has lived at that address for 43 years.

The James C Richardson Pipe Band marches in a Remembrance Day parade on Nov. 11, 2019 in Chilliwack. Wednesday, March 10 is International Bagpipe Day. (Jenna Hauck/ Chilliwack Progress file)
Unofficial holidays: Here’s what people are celebrating for the week of March 7 to 13

International Bagpipe Day, Wash Your Nose Day and Kidney Day are all coming up this week

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Victoria man Brett Andersen is asking for people’s help to secure him one of eight free tickets to the moon. (Screenshot/@brettandersen Instagram)
Victoria man wants your help securing a free ticket to the moon

Japanese billionaire offering eight people a trip to the moon

The Conservation Officers Service is warning aquarium users after invasive and potentially destructive mussels were found in moss balls from a pet store. (BC Conservation Officers Service/Facebook)
Aquarium users in B.C. warned after invasive mussels found at pet store

Conservation officers were told the mussels were found in a moss ball from a Terrace pet store.

Hockey hall-of-fame legend Wayne Gretzky, right, watches the casket of his father, Walter Gretzky, as it is carried from the church during a funeral service in Brantford, Ont., Saturday, March 6, 2021. HE CANADIAN PRESS/Nathan Denette
Walter Gretzky remembered as a man with a ‘heart of gold’ at funeral

The famous hockey father died Thursday at age 82 after battling Parkinson’s disease

Donald Alan Sweet was once an all star CFL kicker who played for the Montreal Alouettes and Montreal Concordes over a 13-year career. Photo courtesy of Mission RCMP.
Ex-B.C. teacher who was CFL kicker charged with assault, sexual crimes against former students

Donald Sweet taught in Mission School District for 10 years, investigators seek further witnesses

(Black Press Media files)
Medicine gardens help Victoria’s Indigenous kids in care stay culturally connected

Traditional plants brought to the homes of Indigenous kids amid the COVID-19 pandemic

During a press event on March 6, Const. Alex Berube, media relations officer for the West Shore RCMP, addressed a deadly shooting that occurred in Metchosin the night before. (Devon Bidal/News Staff)
VIDEO: One man shot dead in ‘targeted incident’ in Metchosin

Highway 14 reopens following multi-hour closure for investigation

Most Read