Jump to content

      



























BUILT
The Janion
Uses: condo, commercial
Address: Store Street at Pandora Avenue
Municipality: Victoria
Region: Downtown Victoria
Storeys: 7
Condo units: (studio/bachelor, loft, 2BR)
Sales status: sold out / resales only
The Janion development includes the full heritage restoration of the historic Janion Hotel, built in 1891, and... (view full profile)
Learn more about the Janion on Citified.ca
Photo

[Downtown Victoria] Janion Building redevelopment | 7-storeys | Built/renovated - completed in 2016

Condo Commercial

  • Please log in to reply
2679 replies to this topic

#2661 G-Man

G-Man

    Senior Case Officer

  • Moderator
  • 13,786 posts

Posted 13 October 2019 - 04:31 PM

Congratulations! Well deserved!

Visit my blog at: https://www.sidewalkingvictoria.com 

 

It has a whole new look!

 


#2662 On the Level

On the Level
  • Member
  • 2,891 posts

Posted 14 October 2019 - 09:40 PM

I'd like to see the current CoV council reaction for this award.  Shock, disbelief, rage and ranting I presume. 



#2663 aastra

aastra
  • Member
  • 20,570 posts

Posted 15 October 2019 - 09:17 AM

Once the dust has settled the stinkers always reserve the right to accept and enjoy the good stuff as if it had always been there, and pretend that it was all part of their master plan, etc. It's the next thing that's the problem. It's the next thing that will surely ruin everything.


  • Nparker likes this

#2664 Rob Randall

Rob Randall
  • Member
  • 16,310 posts

Posted 15 October 2019 - 09:20 AM

If people seem to accept the 1950s extension to the back of the Carnegie Library then the Janion should be a home run.


  • aastra likes this

#2665 aastra

aastra
  • Member
  • 20,570 posts

Posted 15 October 2019 - 09:25 AM

^Hey, that was a wholesome and sensitive addition to an old building. It must have been, right? Considering the parties involved? It's not as if it was a residential addition/conversion, just dripping with dark evil.

 

 

Once the dust has settled the stinkers always reserve the right to accept and enjoy the good stuff as if it had always been there, and pretend that it was all part of their master plan, etc. It's the next thing that's the problem. It's the next thing that will surely ruin everything.

 

Somewhere in these threads there's a quote to the effect that the CoV drove residential development in south downtown and it was all part of the vision. Yeah, no. But no sane person will look at how things turned out and remind us that they were staunchly opposed every inch of the way because residential development in south downtown was surely going to ruin Victoria.



#2666 MarkoJ

MarkoJ
  • Member
  • 5,770 posts
  • LocationVictoria

Posted 30 November 2019 - 03:00 PM

Selling a unit with the under-counter refrigerator/freezer drawers. Freezer is completely stuck shut. Any idea as to who might service these? Also, model number?


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty

www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#2667 Victoria Watcher

Victoria Watcher

    Old White Man On A Canadian Island

  • Member
  • 52,007 posts

Posted 30 November 2019 - 03:20 PM

turn off the electrical breaker for the freezer. it’s just iced up. give it 48-72 hours.

Edited by Victoria Watcher, 30 November 2019 - 03:21 PM.


#2668 Citified.ca

Citified.ca
  • Administrator
  • 2,284 posts
  • LocationVictoria, BC

Posted 10 April 2021 - 08:16 AM

Ten-on-the-10th-February-2021b.jpg

 

Northern Junk, Capital Iron lands and Victoria real-estate development Q&A with Jon Stovell of Reliance Properties

 
"We have ten major properties in the City of Victoria that over time can add up to over two million square feet of development potential, so we are in Victoria for the long term and highly committed."
 
"I think the City and the community as a whole is struggling a little bit with its identity as it sits on the cusp of changing from a large college and government town, or perhaps a ‘Museum City,’ to a globally relevant urban area at the gateway to the Pacific Rim. Think of Vancouver and Victoria as New York and Boston."
 
"...our newly-acquired Capital Iron lands are planned to move forward as a major project for the north side of the downtown at over seven-acres on which 15-to-16 buildings will rise with uses that include marine-related and light industrial spaces, offices, cultural enterprises and residences."

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.

#2669 Dexter

Dexter
  • Member
  • 606 posts

Posted 11 April 2021 - 08:07 AM

With the fight the city has put up in the northern junk building, I wonder if it’s 20 years before we see any movement at capital iron....

#2670 Brantastic

Brantastic
  • Member
  • 924 posts

Posted 14 April 2021 - 12:30 PM

I can't imagine it'll have the same kind of fight. My understanding is that Capital Iron will remain as is. It's also in a part of town that I think most people would agree is ripe for redevelopment, rather than in the heart of Old Town which lends itself to being more controversial. Not that I think there won't be some detractors, but I don't think it'll be on the same scale unless there are tall towers proposed, which I don't see happening (can't see them trying anything taller than 8 storeys here).



#2671 Victoria Watcher

Victoria Watcher

    Old White Man On A Canadian Island

  • Member
  • 52,007 posts

Posted 31 October 2023 - 10:44 AM

Two weeks after the province announced sweeping changes to short-term rental rules, a Victoria homeowner says he’s unintentional, collateral damage.

 

Zoltan Szoges’ condo building in Victoria was previously “grandfathered in” to allow short-term rentals. He wasn’t using it that way but still is being penalized.

 

“I just don’t support taking people’s land rights away from them when there are direct financial consequences for it when they’re not the people who did the thing that you’re trying to crack down on,” said Szoges.

 

Szoges lives in a Victoria building called The Janion. It was built as a hotel in 1891, and as such, prior to the new provincial rules, the building had been “grandfathered in” to allow short-term rentals.

 

Buyers like Szoges say they paid a premium for the buildings’ flexible land use, and the sudden limitations mean he and the other owners are facing an immediate loss in value, regardless of how they were using it.

 

“Now we’re leaving and we would like to recoup that premium we paid but we can’t because that usage has been taken away,” said Szoges.After two-and-a-half years of living in the micro-loft, Szoges says he and his partner have outgrown the space. Two weeks before the province announced its new short-term rental regulations, they put it up for sale.

 

“As soon as the bill was announced we had cancellations of showings. None of the six people who came to see our unit in the first two weeks are at all interested they’ve walked away. Every single person who was looking at our unit was looking at it for short-term investment,” said Szoges.

 

“So we’ve dropped our price by $50,000 and that’s not $50,000 in profit. At this point, dropping our price by that much, it would have been cheaper to remain renters two-and-a-half years ago.”

 

 

https://www.cheknews...uences-1175313/



#2672 Nparker

Nparker
  • Member
  • 40,221 posts

Posted 31 October 2023 - 10:47 AM

Is anyone surprised that a socialist government thrives on taking people’s land rights away from them?


  • max.bravo likes this

#2673 sebberry

sebberry

    Resident Housekeeper

  • Moderator
  • 21,502 posts
  • LocationVictoria

Posted 31 October 2023 - 11:01 AM

Is anyone surprised that a socialist government thrives on taking people’s land rights away from them?

 

It's interesting because they gave homeowners the right to rent their homes by removing strata restrictions, now they remove homeowners the right to rent on short-term services. 


Victoria current weather by neighbourhood: Victoria school-based weather station network

Victoria webcams: Big Wave Dave Webcams

 


#2674 Mike K.

Mike K.
  • Administrator
  • 82,943 posts

Posted 31 October 2023 - 11:04 AM

They also created the regular rental market as the new short term market, since you can rent month-to-month, but you can only rent an STR for 90 days or more.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#2675 sdwright.vic

sdwright.vic

    Colwood

  • Member
  • 6,676 posts

Posted 31 October 2023 - 04:21 PM


Two weeks after the province announced sweeping changes to short-term rental rules, a Victoria homeowner says he’s unintentional, collateral damage.


Zoltan Szoges’ condo building in Victoria was previously “grandfathered in” to allow short-term rentals. He wasn’t using it that way but still is being penalized.


“I just don’t support taking people’s land rights away from them when there are direct financial consequences for it when they’re not the people who did the thing that you’re trying to crack down on,” said Szoges.


Szoges lives in a Victoria building called The Janion. It was built as a hotel in 1891, and as such, prior to the new provincial rules, the building had been “grandfathered in” to allow short-term rentals.


Buyers like Szoges say they paid a premium for the buildings’ flexible land use, and the sudden limitations mean he and the other owners are facing an immediate loss in value, regardless of how they were using it.


“Now we’re leaving and we would like to recoup that premium we paid but we can’t because that usage has been taken away,” said Szoges.After two-and-a-half years of living in the micro-loft, Szoges says he and his partner have outgrown the space. Two weeks before the province announced its new short-term rental regulations, they put it up for sale.


“As soon as the bill was announced we had cancellations of showings. None of the six people who came to see our unit in the first two weeks are at all interested they’ve walked away. Every single person who was looking at our unit was looking at it for short-term investment,” said Szoges.


“So we’ve dropped our price by $50,000 and that’s not $50,000 in profit. At this point, dropping our price by that much, it would have been cheaper to remain renters two-and-a-half years ago.”



https://www.cheknews...uences-1175313/

On a Facebook post he admits that he is selling the property for more than he purchased it for, but he has to factor in "inflation".

Edited by sdwright.vic, 31 October 2023 - 04:25 PM.

Predictive text and a tiny keyboard are not my friends!

#2676 Mike K.

Mike K.
  • Administrator
  • 82,943 posts

Posted 31 October 2023 - 06:10 PM

Inflation, closing costs and transfer taxes were paid when he bought it, property taxes were paid on the assessed value, and now he has to pay realtor fees.

Just to come out clean on a $375k purchase in 2021 (I’m using an example, I don’t know what he bought it for) he’ll have to sell for around $400k, not including inflation and a few other costs. Then there could be mortgage costs, depending on his lender and their mortgage rules. I’d say anything below $415k, and he’s losing money on the deal.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#2677 sdwright.vic

sdwright.vic

    Colwood

  • Member
  • 6,676 posts

Posted 01 November 2023 - 06:34 PM

Inflation wasn't paid at the time if purchase.
Predictive text and a tiny keyboard are not my friends!

#2678 Mike K.

Mike K.
  • Administrator
  • 82,943 posts

Posted 01 November 2023 - 08:41 PM

No, but it has eroded the value of the unit since. Naturally you want to account for that, if you can.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#2679 Victoria Watcher

Victoria Watcher

    Old White Man On A Canadian Island

  • Member
  • 52,007 posts

Posted 09 December 2023 - 04:37 AM

5 listings currently here.

 

screenshot-www.realtor.ca-2023.12.09-07_32_42.png

 

 

$395,000 to $425,000.

 

This one at $395,000 built themselves a "loft style sleeping space".

 

https://www.realtor....ctoria-downtown

 

 

 

944967_22.jpg


Edited by Victoria Watcher, 09 December 2023 - 04:41 AM.


#2680 Victoria Watcher

Victoria Watcher

    Old White Man On A Canadian Island

  • Member
  • 52,007 posts

Posted 01 March 2024 - 11:33 PM

Experience the Elegance and Comfort of this Executive suite in the renowned Janion building That Includes Parking and Storage. This unit faces south-west and showcases breathtaking views of the Ocean, Mountain, and Harbour through its wall-to-wall windows. The interior boasts High Ceilings, and a Modern Galley kitchen with premium appliances and cabinets. The Open living space can be adapted to your preferences. The Primary has an ensuite bathroom, while the second bedroom has a flexible murphy bed/couch. There is also a Laundry area and another full bathroom. Unwind on the Bright Balcony or enjoy the building's amenities, such as the Rooftop Deck, Gym, Kayak Launch, Meeting room. This suite is situated in the Center of Downtown, near Restaurants, Shops, Entertainment, Trails, Parks, Beaches, and Transit. Bonus: All Furniture is included 

 

892 sqft

 

 

 

https://www.realtor....ctoria-downtown

 

$935,000

 

951695_21.jpg


Edited by Victoria Watcher, 01 March 2024 - 11:34 PM.

  • Nparker likes this

 



1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users