Close X
Wednesday, November 27, 2024
ADVT 
National

Canada lists old NYC residence for $13M, surpassing cost of new luxury condo

Darpan News Desk The Canadian Press, 15 Aug, 2024 03:17 PM
  • Canada lists old NYC residence for $13M, surpassing cost of new luxury condo

Canada is selling its former Manhattan residence, which used to house its consulate general in New York. 

Global Affairs Canada says the five-bedroom condo was listed today at over $13 million, which is expected to exceed the purchase price of its new $9 million condo located on a Manhattan street known as Billionaires' Row. 

The department says the new condo is smaller and more suitable, and that the old unit, which was purchased in 1961 and last renovated in 1982, needed updates to the electrical, heating, ventilation and plumbing. 

It says the old apartment also did not comply with the 2021 Accessible Canada Act, which mandates barrier-free environments.

Global Affairs Canada says the purchase of the new condo will save Canadian taxpayers millions of dollars, and reduce ongoing maintenance costs and property taxes while supporting future program needs.

Documents show Global Affairs Canada looked at 21 units ranging in price between $8 million to $21 million, before settling on the new condo located at Steinway Tower. 

 

MORE National ARTICLES

Family phone plans hinder escape from domestic violence: Women's Shelters Canada

Family phone plans hinder escape from domestic violence: Women's Shelters Canada
Women's Shelters Canada is calling on phone companies to adjust how they respond to those escaping from domestic violence, saying the costs of changing a phone number and difficulties leaving a shared plan are key barriers for victims.

Family phone plans hinder escape from domestic violence: Women's Shelters Canada

Cybersecurity standards emerging in Canada as ransomware business booms

Cybersecurity standards emerging in Canada as ransomware business booms
The ransomware business is booming in Canada. Recent victims have included large corporations such as retailer London Drugs, as well as the City of Hamilton, Ont., and the government of Newfoundland and Labrador.

Cybersecurity standards emerging in Canada as ransomware business booms

Bank of Canada cuts key interest rate for first time in more than four years

Bank of Canada cuts key interest rate for first time in more than four years
The Bank of Canada cut its key interest rate for the first time in more than four years Wednesday, marking a major turning point in its fight against inflation. With the quarter-percentage-point cut, the central bank’s key interest rate now stands at 4.75 per cent.

Bank of Canada cuts key interest rate for first time in more than four years

Machete wielding carjacking

Machete wielding carjacking
A woman has been charged after allegedly stealing a taxi cab while wielding a machete. Victoria police say the woman requested a ride to several places on Friday night and when the cab driver asked her to pay up, she allegedly threatened the driver with a machete and drove off with the taxi.

Machete wielding carjacking

Privacy commissioners investigate B.C. firm that does background checks for landlords

Privacy commissioners investigate B.C. firm that does background checks for landlords
The privacy commissioners of Canada and British Columbia have launched an investigation into a Victoria-based company that performs background checks on tenants and others. They say in a joint statement that Certn is being assessed to make sure it complies with the federal Personal Information Protection and Electronic Documents Act and B.C.'s Personal Information Protection Act.

Privacy commissioners investigate B.C. firm that does background checks for landlords

B.C. school district investigates exam asking pupils to argue if Israel should exist

B.C. school district investigates exam asking pupils to argue if Israel should exist
The school district in Burnaby, B.C., has launched an investigation into what it says was a harmful exam that asked students to make arguments about whether Jewish people deserve or need a homeland.  The question was posed by a teacher to Grade 6 and 7 students in an elementary social studies exam. 

B.C. school district investigates exam asking pupils to argue if Israel should exist