Quarter-share condos

by KJ Gladue
(Edmonton, AB)

I'm considering a quarter share condo in a mountain tourist town which are managed like a hotel and they rent out on available nights (proceeds can go toward your mortgage).

I'm inquiring about condo fees, municipal taxes, builder rep, but I'm leery about resale potential.

If I decide to sell in 3-5 years, do quarter share properties follow the market trend for value, or are they generally more risky for resale. How comfortable are you with it as a long term investment?

Comments for Quarter-share condos

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Apr 10, 2014
RE: Quarter Share Condos
by: Tom Karadza

Hmmm... I wish we could offer some value here. We don't have experience with these at all so it's tough to add any insight.

Properties that produce enough revenue to cover their expenses ** tend ** to hold their value best so perhaps that's one way to look at the opportunity.

- Tom.

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