monty76
New Member
Some of the units were quite nice (most, however, were tiny!), but my real estate agent told me that it wouldn't be a good buy. According to her, that area is going to see little future development (property values won't increase by much, if any), the units were priced quite high (one of the units I was interested in was going for $460/sq ft), and there are similar properties available that are closer to downtown. Added to that, there's no parking.
I was really hoping my agent was going to say otherwise, because I love the Roncesvalles strip and could imagine myself living there. Oh well, looks like my search continues.
i dont know how much you trust your agent but because feather factory wasnt cooperating with agents i would imagine there is a conflict of interest there...
If you look at comparable projects in the area that are listed on mls ie. robert watson lofts (MLS®: W1416067) and sorauren lofts (MLS®: W1446865 ), prices are actually quite comparable.
comparable projects closer to the downtown core currently listed on mls would be chocolate lofts (MLS®: C1410394) and liberty lofts (MLS®: C1460710) which seem more expensive and less impressive. Too bad they dont list the square footage, then we could do a better comparison.
in terms of furture development i can think of one off hand right across the street from feather factory called "roncesvalles lofts" http://www.roncesvalleslofts.com/flash.php
the building not having any parking is a problem though...
i dont know i think overall its a good buy for something that is new and ready to move in in 30 days... too bad there are only 14 left