Strata Property:

Strata Properties are defined in the Victoria Real Estate Board MLS System as:

• Condominiums
• Town Home
• Bare Land Strata
• Strata Duplex
• Strata Manufactured Home
• Strata Commercial

Condominiums:

• Condominiums are typically one level units with 1 or 2 bedroom configuartions
• Condominiums however can be more than one level
• Condominiums can also be Bachelors or 2 bed plus dens, even 3 bedrooms
• Condominiums are typically situated in the Urban Core.
• Condominiums are the most economical of all the Strata Propety Types

Town Home:

• Town Homes are either one or two level configuartions
• Town House developments are not as numberous as Condominiums
• Town Homes are usually 2 or 3 bedroom configurations
• Town Homes are usually more expensive than Condominiums

Bare Land Strata:

• Bare Land Strata's are to the naked eye a typical subdivision, however usually due to Land Constraints and Budget Restraints more lots are create under the stratification of a development therefore the Stratafication of the property is chosen.
• Usually the Roads are narrower
• Usually the Strata Development maintains their own roads and utillities.
• There is a contigency fund
• Property Values are very similar to that of a fee simple subdivision

Strata Duplex:

• A strata duplex is two connected dwellings, either verticle or horizontal that are on the same property, but can be sold separetly.
• The Strata Duplex's have to both maintan the properties common expenses, if there are any.  Usually when the roof is redone for instance then both parties pay.

Tim Beaumont
Pemberton Holmes
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