468 replies to this topic

[Nparker]

Ahhh, but of course.

Is that a retaining wall going in to create some privacy/deck space for the new units?

 

Edited by Nparker, 30 April 2015 - 08:16 PM.

[VicHockeyFan]

Ahhh, but of course. Is that a retaining wall going in to create some privacy/deck space for the new units?

 

Yup.

[thundergun]

I went by this former Traveller's Inn on Douglas just south of Finlayson (https://goo.gl/maps/BpqC3) the other day. They've been cleaning it up for a while and it's looking like it might be a nicer cheap motel when it's all done. Not sure if there's a thread on that project.

[VicHockeyFan]

I went by this former Traveller's Inn on Douglas just south of Finlayson (https://goo.gl/maps/BpqC3) the other day. They've been cleaning it up for a while and it's looking like it might be a nicer cheap motel when it's all done. Not sure if there's a thread on that project.

 

I think they have a deal to rent that to international students of some type.

[sdwright.vic]

Cannot find the Cspital City Centre Hotel thread. But word on the street is the shorter part with the restaurant is havimg a owners residence put on top of it.

[VicHockeyFan]

I guess he wants to "retire in place"  He's nearly in his 80's.

[VicHockeyFan]

I think this was father Asfar's building.

 

https://www.realtor....Columbia-V8R2L8

 

New German Viessman Boiler (30yr Factory Warranty). The same family has owned the building for over 32yrs (1985); and due to long Probate & Estate issues - rents are under market value for character boutique suites in Oak Bay.

 

[Citified.ca]

Victoria Fire crews on-scene at 760 Queens Avenue in March of 2016. Damaged by fire, the 87-unit residential complex north of downtown Victoria was formally closed in 2018, according to sales records that show the property for sale at $18 million.
 
Fire damaged Traveller's Inn Motel-turned-rental complex listed for sale at just below $20M
https://victoria.cit...just-below-20m/
 
A former Traveller’s Inn Motel property damaged by fire in 2016 has been listed for sale by Victoria landlord and city council candidate Robin Kimpton.
 
Priced at $18 million, the half-acre lot at 760 Queens Avenue near Bay Street contains a four-storey motel complex-turned-affordable rental building with nearly 90-suites.
 
In 2017 just under $1.5 million in permits were pulled from the City of Victoria for restoration purposes, although it is not immediately clear whether the property was fully remediated or remains in need of repairs. According to sales documents the building was “closed without any income in 2018.”
 
“With respect to development, the property is in the direct line of fire for the expansion of downtown Victoria’s downtown core,” reads the listing description represented by real-estate agent Robert Brown. “Permitted uses in this zoning include, but are not limited to: transient accommodation, multiple dwellings, and business offices or professional offices as well as retail stores.” [Full article]

[spanky123]

Unfortunately for us, we know that the City / Province will pay a premium for sites like this which hurts the taxpayer and rewards folks like Klimpton who are then encourage to let more of their properties remain derelict.