Millennial bait? This condo comes with free avocado toast for a year

The trendy incentive is available at a 116-unit condominium development in the Vancouver area

National /
May.May 05, 2019 10:00 AM

(Credit: iStock)

A luxury condo development in metropolitan Vancouver, Canada, hopes to draw younger buyers by offering the latest millennial-inspired incentive: free avocado toast for a year.

The Kira is a 116-unit condominium that will open this year with amenities including on-site rooms reserved for meditation and landscaped courtyards on the roof. But its most unusual offering is avocado toast — or a comparable breakfast snack — from a local restaurant for a year, free of charge, the New York Post.

Prices start at $297,225 for a one-bedroom unit at The Kira and range as high as $483,023 for a three-bedroom. Buyers are also only required to pay 10 percent down.

The decision to offer avocado toast as an incentive may have been a nod to a “60 Minutes” interview in 2017 with Australian millionaire Tim Gurner, who said millennials pay so much for avocado toast they cannot afford to buy a home.

Gurner said when he was trying to buy a home for the first time, “I wasn’t buying smashed avocados for $19 and four coffees at $4 each.”

Prices vary, of course, but avoiding avocado toast and saving even $19 a day for a year would build approximately $7,000 of savings – far short of the minimum down payment of nearly $30,000 to buy a unit at The Kira. [NYP] – Mike Seemuth


Related Articles

arrow_forward_ios
Seattle Seahawks receiver and newly-licensed realtor Tyler Lockett along with 812 245th Place Northeast in Sammamish, Washington (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images and Redfin)
NFL star earns his real estate wings
NFL star earns his real estate wings
Toll Brothers' Douglas Yearly and property at Sparks, Nevada (Toll Brothers)
“Honey, I bought the town:” Buyer ends up with big chunk of subdivision
“Honey, I bought the town:” Buyer ends up with big chunk of subdivision
75 Park Lane South (Plaza Construction)
This year’s top-selling Hudson County homes
This year’s top-selling Hudson County homes
(Illustration by The Real Deal with Getty)
Housing affordability hits 33-year low
Housing affordability hits 33-year low
Daniel Grollo and 106 Central Park South (Photo Illustration by Steven DIlakian for The Real Deal with Getty Images)
Trump Parc condo tied to embattled Australian construction magnate hits market
Trump Parc condo tied to embattled Australian construction magnate hits market
Richard Gere and Ryan Murphy with 81 Lyndel Road (Redfin, Getty)
Celeb buyer of Richard Gere’s Westchester estate revealed
Celeb buyer of Richard Gere’s Westchester estate revealed
REAL NY's Louis Adler, Compass' Eugene Litvak, and ROART's Ran Oron with the Milk Factory (REAL New York, Compass, ROART, Milk Factory)
East Williamsburg’s resi market reaches new heights
East Williamsburg’s resi market reaches new heights
Homeward founder Tim Heyl (Homeward, Getty Images)
Power buyer Homeward lays off 20% of staff
Power buyer Homeward lays off 20% of staff
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...