This is a nice convenient complex. However, the units are old and dated compared to the what else is available Downtown. This complex has the layout of a suburban condo development but it’s downtown (that might be an advantage to many).
I’ve been watching this also but I think that the prices will come down even more. The prices seem to hold up better because it’s an 1980s complex with long time home-owners and fewer speculators.
The unit you linked to is refurbished using Ikea cabinets that are open at the bottom (no kick-plates). All the junk and dust will soon accumulate under the cabinets.
I think this is a good place for retirees or professionals with no children.
Right now, prices are lower mainly because of speculators selling. Wait a few years for other types of must sell inventory (death, divorce, etc..). I don’t think that prices will appreciate for least 5 years. There will be with much lower prices in the near to mid horizon.
