Different types of condos in Whistler - Phase 2
Thinking of owning a condo in the Village but don't know anything about the types of condos in Whistler? Here is a brief description of Phase 2 Condos
Phase 2
Perhaps you've seen a studio or a 1 bedroom condo that are around $100 - $150k and wonder "What the heck are those? Prices are great in Whistler!" What you're looking would most probably be Quartershares or Hotel Condos. A Hotel Condo is a Phase 2 restricted covenant property which means you can use it 28 days in the Winter and 28 days in the Summer for a total of 56 days. The rest of the time the hotel manages it for you and you get a share of the rental income. Now, how much does it earn? Usually, your share of the rental income could cover your property taxes and strata fees and you may have a little left over but if it's a poor year or you're in a building that doesn't perform quite as well as the others, the amount you receive may not even cover your strata fees which is something to think about if you're considering Phase 2 properties.