Living At The Spa

Versante, the 183-suite condominium development adjacent to Lansdowne Mall will be Canada’s first residential building to have an in-house spa and wellness center offering five-star services to residents and the public.

The 13,000 square foot Versante Spa and Wellness Centre will be part of the Versante luxury complex on Lansdowne Road with 16 and 12 storey towers. Resident will have direct access from the towers to the spa and wellness facilities. The residential complex will also feature a fireside lounge and billiard room, table tennis and theatre along with a guest suite for the use of resident only.

The Versante

We showed up at the Vensante sales center on the grand opening day and was shocked to see a line up! The grand opening started at 11:00 AM on Nov. 26th. We showed up at 2:00PM and had to wait 30 minutes before getting inside the discovery center. Once inside, we discovered that the first tower was completely sold out and only the 2nd tower was available. The frenzy sales reminded Sarah of Shanghai – where people hire other people to line up for them when buying a new development.

I really didn’t plan on buying anything at Versanti but after checking out the floor plans and display suite, Sarah and I concluded that buying a unit would make a good investment. The Versante will be built at a great location, across from a major shopping center and one block from the future RAV line. And the fact that it offers a spa with an indoor 25 meter lap pool was the icing on the cake.

Our two bedroom suite at the Versante won’t be ready until December 2007. That’s two years away, more than enough time to decide if we want to live at the spa, or flip the unit for a profit. However, with the new captial gains laws, it makes more financial sense to move in than flip.


5 thoughts on “Living At The Spa”

  1. By buying this house before its actually developed, will the price of the house increase greatly when its actually built?

  2. John Chow says:

    It really depends on the market. The general rule is yes it does go up after the house is ready because then, there’ll be something to see and touch.

    However, with how hot the market is in Vancouver, the unit will go up in value even before it’s finish. Right now I can flip the assignment and walk away with $10,000 profit.

  3. Kenric says:

    Hey John, how’s the real estate market up there now? Is your pre-construction condo still in demand?

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