Real Estate and Development

Canada’s smallest condos go on sale in Surrey April 20


Wed Apr 17, 2013 11:00am PST

Surrey development company Tien Sher plans to start selling Canada’s smallest condos – starting at just 297 square feet – to the public at noon on April 20, spokesperson Ross Sullivan confirmed to Business in Vancouver April 16.

Pricing for the condos at the project called The Balance, start at $109,900. All of the 56 “micro-suites” will include nine-foot ceilings, track lighting, laminate oak floors and a large open balcony.

While 60% of the suites in the four-storey building are 305 square feet or smaller, the largest suite in the complex is a one-bedroom unit of 653 square feet.

“One of the frustrating things for me as a developer is hearing, over and over again, about affordability and not being able to provide something for the people who make anywhere from minimum wage to about $20 to $22 an hour,” Tien Sher’s president Charan Sethi said in October.

Condo buyers are expected to include young professionals, single parents and retail employees who earn between $22,000 and $55,000.

gkorstrom@biv.com

@GlenKorstrom

Tags: Surrey, real estate



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