How do Phase 1 Condos Work?
You might have heard the term "Phase 1" or "Phase 2" condo in Whistler but never really understood what this confusing Whistler real estate jargon means. Well sit back and let me give you the full lowdown on how these Phase 1 unlimited owner use condos work!
Phase one means that the property is zoned for nightly rentals. And as the owner you have unlimited personal use of the property. This is much different than the fees to restricted hotel condo properties you may have heard of.
Phase 1 zoned properties in Whistler are highly priced because of the usage and rental flexibility. You can use your property as much as you want, but when you're not using it, you have the ability to do nightly rentals via a rental management company. Or if you're up to the challenge, you can do it yourself via AirBNB or VRBO. This is something you can't do in those fees to hotel condo buildings like The Westin and if you never want to do any rentals you don't have to, it's up to you.
Phase 1 zoned properties and Whistler come in a vast array of shapes and sizes. You can get a studio, one or two bedroom condo or you can get a townhome with your own exterior entrance with up to three or four bedrooms. There's plenty of options to choose from in a variety of locations from ski in ski out to just a short walk to the lifts or even just a short bus ride away.
Phase 1 zoned properties are located in just a few select areas of Whistler, mostly they're at Whistler Village or over a Blackcomb. They're also down at Whistler Creekside, in Nordic such as Snowridge or Taluswood. And there's a few spot-zoned Phase 1 locations around Whistler such as Nicklaus North, where you'll find that the homes are Muirfield Crescent, the townhomes at Englewood Greens and the condos at the Nicklaus North Clubhouse.
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