The developer of a 35-storey concrete tower in Surrey, B.C., is the latest to jump into the small-home trend, with suites as small as 316 square feet offered to buyers for $93,900.
They're being billed as "affordable luxury," and a way to purchase something for under $100,000 in Greater Vancouver's hot real estate market.
"It is a perfect suite for bachelors, or single people or if you're just trying to get into the market," said Bill Morrison of Platinum Project Marketing, during a tour of the building's display suite.
Bill Morrison of Platinum Project Marketing shows off the display unit's small fridge stocked with beer and pizza 'typical of a student,' he says. (CBC)
Space-saving strategies include a clothes rack that slides out from the wall, rather than a traditional closet with opening doors. The display suite's couch pulls out into a bed.
"We're using the volume of the space, not just the square footage of the space," Morrison said.
The suite boasts stainless steel appliances, but on a smaller scale. The display fridge was filled with beer and pizza "typical of a student," said Morrison.
"To be honest with you, it's fairly small, but for the price, it's worth it," said Ramadan Eshref, who visited the sales centre and was considering buying a suite in the building for his son, a recent university graduate.
"For a single man like my son, for example, it's reasonable. Hopefully it will be a start for him."
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