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

Pellet plants deal with a lot of combustible materials. (File photo)
“Fire-related event” at Houston pellet plant injures three, shuts down operations

Rumours of an associated explosion cannot be confirmed at this time

An aerial shot of Cedar Valley Lodge this past August, LNG Canada’s newest accommodation for workers. This is where several employees are isolating after a COVID-19 outbreak was declared last Thursday (Nov. 19). (Photo courtesy of LNG Canada)
41 positive COVID-19 cases associated with the LNG Canada site outbreak

Thirty-four of the 41 cases remain active, according to Northern Health

Snowplowing isn’t really our favourite pastime but it is something we have been doing a lot of lately. Winter is here folks get your shovels out! (Angelique Houlihan photo/Houston Today)
Canadian’s favourite pastime

Snowplowing isn’t really our favourite pastime but it is something we have… Continue reading

grad
Raising money

Recently 2021 grad and parents sorted through all the bottles they have… Continue reading

(Dave Landine/Facebook)
VIDEO: Dashcam captures head-on crash between snowplow and truck on northern B.C. highway

Driver posted to social media that he walked away largely unscathed

Black Press Media and BraveFace have come together to support children facing life-threatening conditions. Net proceeds from these washable, reusable, three-layer masks go to Make-A-Wish Foundation BC & Yukon.
Put on a BraveFace: Help make children’s wishes come true

Black Press Media, BraveFace host mask fundraiser for Make-A-Wish Foundation

A B.C. Ambulance Service paramedic wearing a face mask to curb the spread of COVID-19 moves a stretcher outside an ambulance at Royal Columbia Hospital, in New Westminster, B.C., on Sunday, November 29, 2020. THE CANADIAN PRESS/Darryl Dyck
Top doctor urges Canadians to limit gatherings as ‘deeply concerning’ outbreaks continue

Canada’s active cases currently stand at 63,835, compared to 53,907 a week prior

A Canadian Pacific freight train travels around Morant’s Curve near Lake Louise, Alta., on Monday, Dec. 1, 2014. A study looking at 646 wildlife deaths along the railway tracks in Banff and Yoho national parks in Alberta and British Columbia has found that train speed is one of the biggest factors. THE CANADIAN PRESS/Frank Gunn
Study finds train speed a top factor in wildlife deaths in Banff, Yoho national parks

Research concludes effective mitigation could address train speed and ability of wildlife to see trains

A airport worker is pictured at Vancouver International Airport in Richmond, B.C. Wednesday, March 18, 2020. THE CANADIAN PRESS/Jonathan Hayward
Canada extends COVID restrictions for non-U.S. travellers until Jan. 21 amid second wave

This ban is separate from the one restricting non-essential U.S. travel

Menno Place. (Google Street View image.)
B.C. care home looks to hire residents’ family members amid COVID-19-related staff shortage

Family would get paid as temporary workers, while having chance to see loved ones while wearing PPE

A man walks by a COVID-19 test pod at the Vancouver airport in this undated handout photo. A study has launched to investigate the safest and most efficient way to rapidly test for COVID-19 in people taking off from the Vancouver airport. The airport authority says the study that got underway Friday at WestJet’s domestic check-in area is the first of its kind in Canada. THE CANADIAN PRESS/HO, Vancouver Airport Authority *MANDATORY CREDIT*
COVID-19 rapid test study launches at Vancouver airport for departing passengers

Airport authority says that a positive rapid test result does not constitute a medical diagnosis for COVID-19

114 Canadians were appointed Nov. 27 to the Order of Canada. (Governor General of Canada photo)
Indigenous actor, author, elder, leaders appointed to Order of Canada

Outstanding achievement, community dedication and service recognized

More than 60 cm of snow has fallen at Ulkatcho First Nation near Anahim Lake in the Chilcotin since a snowfall warning went into effect Thursday, Nov. 26. (Graham West photo)
VIDEO: More than 60 cm of snowfall in Chilcotin since Thursday, Nov. 26

Graham West of Ulkatcho First Nation captures the scene on video

Most Read