1896 replies to this topic

[Rob Randall]

Yeah, that's less than $400,000 for each house. What's the catch? 

[Mike K.]

Maybe they’re looking for a bidding war? Usually offerings like this don’t even hit the market if they’re valuable opportunities.

[Victoria Watcher]

 

 

Dogwood Manor Hideaway - a sought-after bright character 9-suite, 4-floor with over 5,200 sq ft investment in the heart of Fairfield Cook Street Village just steps to Dallas Road Waterfront. The property where tenants love to live & people stop to enjoy the beautifully landscaped corner lot with veranda in classic Fairfield charm. Built in 1910 this grand home was converted, retaining the character to multi-family in 1977.

 

 

 

There is a large Penthouse 1-bedroom plus den with a huge 645 sq ft ocean view deck & private elevator. Additionally 6 one-bedroom & 2 studios all with balconies, some with fireplaces. Well maintained with many recent renovations, flooring & kitchen upgrades. Featuring parking, coin-laundry, electrical meter for each suite, bike storage. Unique zoning allows for rentals or you can increase the revenue with a Bed and Breakfast or AirBnB. Gross current long-term rental income $147,000 annually with lovely tenants makes for low care passive income property.

 

$2,899,000

 

https://www.realtor....-fairfield-east

 

 

Edited by Victoria Watcher, 27 May 2021 - 02:37 PM.

[Rob Randall]

Ah, the crazy Tudor elevator house.

[UDeMan]

Maybe they’re looking for a bidding war? Usually offerings like this don’t even hit the market if they’re valuable opportunities.

 

that listing is for the one house for that price.  but you can also buy the other houses to make a land assembly.  the listing is very poorly done.

 

2540 $1.782 million

2542 $1.188 million

2546 $1.188 million

Edited by UDeMan, 27 May 2021 - 04:29 PM.

[Redd42]

Maybe they’re looking for a bidding war? Usually offerings like this don’t even hit the market if they’re valuable opportunities.

 

Do you mean these land assemblies get marketed to developers?

[Mike K.]

Yes. But it’s rare to see them listed. Usually the deals get cut behind the scenes.

[Rob Randall]

Here's a similar three-house land assembly listing on Richmond, the difference being this listing also has the total price of $3,800,000 shown. I would blame the young Realtor for not being clear but I suppose if you're a serious commercial land developer you don't need it spelled out for you like I would.

 

https://www.realtor....ictoria-jubilee

[Victoria Watcher]

https://www.timescol...ings-1.24327112

 

Toronto’s Starlight Investments has made another major investment plunge into the capital region’s property market by buying a portfolio of eight rental apartment buildings with more than 500 units in all.

 

“Victoria offers great accessibility and a wide range of job opportunities, coupled with the surrounding natural environment, warm summers, mild winters and a high quality of life — people from around the world choose to make Victoria their home,” Daniel Drimmer, Starlight president and chief executive, said in a statement.

_________________________

 

These are “great buildings in great locations,” he said.

 

The properties are:

 

- 948 Esquimalt Rd., a five-storey building with 136 units ranging from bachelor suites to three-bedroom.

- 980 Wordsley St., a five-storey building with 65 one-and two-bedroom units.

- 1035 Pendergast St., a four-storey building of 57 units with bachelor and one-and two-bedroom suites.

- 1030 Pendergrast St., a four-storey building with 57 units made up of bachelor suites and one-and two-bedroom units.

- 3185 Tillicum Rd. and 275 Burnside Rd. The Tillicum Road building is five storeys with 60 units consisting of bachelor suites, one bedrooms and three bedroom units. The Burnside Road building is six storeys with 44 units. It has bachelor suites, plus one-bedroom, two-bedroom, and three-bedroom units.

- 3255 Quadra St., the three-storey building has 31 units with bachelors suites and one-and two-bedroom units.

- 1126 Rockland Ave. The four-storey building has 35 units, with bachelor suites and one-bedroom units.

 

All buildings will be managed by Devon Properties.

Edited by Victoria Watcher, 05 June 2021 - 02:37 AM.

[Victoria Watcher]

''The Woodbury'' is located on St. Andrews, a quiet and picturesque street in the heart of James Bay and just a short walk to the Inner Harbour, one block from Beacon Hill Park and near Dallas Road. This 4 suite multifamily property, each with their own entrance, contains an additional owners bachelor suite and consists of main floor 1 bedroom units complete with gas fireplaces, bright kitchens and front and rear entries. Upstairs are 2 identical studio suites with Murphy beds, vaulted ceiling and are flooded with natural light from the skylights and balconies overlooking the neighbourhood. The current owner has been operating monthly rentals here (zoned R2-31), but this property has higher earning potential with long term tenancies if you choose. ''The Woodbury'' has been well cared for and pride of ownership is evidenced throughout, with beautiful gardens and fully furnished suites that are highly sought after and also includes five off street parking spots!

 

$1,850,000

239 St. Andrews

 

https://www.realtor....toria-james-bay

 

 

contains an additional owners bachelor suite

 

 

i wonder what makes it the "owners suite".  no toilet?

 

 

 

the #5 unit there wth sliding doors would appear to be the extra unit.

 

i don't know.  it's furnished a bit like maybe it was an air bnb until now.

 

oh hold on:

 

The current owner has been operating monthly rentals here (zoned R2-31), but this property has higher earning potential with long term tenancies if you choose. 

 

 

interesting.

 

website:

 

https://thewoodbury.com/#row3

Edited by Victoria Watcher, 17 June 2021 - 10:48 AM.

[Victoria Watcher]

$2,780,000

 

 

1140 Tattersall Dr

 

Rare opportunity to purchase a Classic Character Revenue property in the much sought-after Tattersall area of Maplewood! Featuring: 6 suites consisting of 2 x Bachelor, 3 x 1BR, and 1 x 2BR suites. The Dukes Mansion was designed by noted Victoria architect H.J. Rous Cullin (1875-1935). The sophisticated design and sensitive use of detail make this house an exemplary specimen of the Tudor Revival style of British Arts and Crafts domestic revival architecture. First time on the market in over 30 years! 

 

https://www.realtor....anich-maplewood

 

Edited by Victoria Watcher, 24 June 2021 - 05:13 PM.

[Victoria Watcher]

$3,000,000

 

867 Humboldt St

 

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

 

[Victoria Watcher]

$2,795,000

 

1140 Arthur Currie Lane

https://www.realtor....a-victoria-west

 

[Victoria Watcher]

$1,699,000

 

1246 Montrose Ave

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

 

[Victoria Watcher]

As students return to campus this fall, student representatives at the University of Victoria say their administration and surrounding municipalities need to do more to address a desperate housing situation.

 

Hundreds of students are competing in a sparse market for low-priced rental units in their return to campus for the first time since the pandemic led to its closure. Each of UVic’s 2,100 on-campus beds has been claimed for the fall semester.

 

Sherry Mengering said her daughter, a fourth-year UVic student, has been trying to locate a new home after agreeing to terminate her current lease on Aug. 31. Since June, she and her roommate have spent hours searching daily.

 

“They have had only one viewing, for which they were declined, being told that the landlord prefers not to rent to students,” Mengering said. Her daughter will likely have to miss the semester to join her mother in Calgary at the end of August.

 

 

https://www.vicnews....housing-crisis/

 

 

"hours" daily?  and they only had one showing?

Edited by Victoria Watcher, 18 August 2021 - 10:15 AM.

[Rob Randall]

^Yeah, it's brutal. Parents are now intervening and doing the calling. It's pure desperation. I bet if you had a spare bedroom in your house you could rent it out for a grand, no problemo. 

[Victoria Watcher]

^Yeah, it's brutal. Parents are now intervening and doing the calling. It's pure desperation. I bet if you had a spare bedroom in your house you could rent it out for a grand, no problemo. 

 

i'm not sure if allowing party houses is the solution.  

[Matt R.]

It’s crazy. We have been looking pretty hard for a month or more, real slim pickings and some real garbage out there. Glad the kid scored a sweet spot though, the place didn’t even hit the market but we know the person moving out and the property manager was probably glad to have a good tenant without any hassle. Rent only went up $50 from the previous tenant!

Matt.

[Nparker]

UVic has been dealing with a housing shortage for years. Additional on campus housing should have been built decades ago.

[Mike K.]

UVic has been dealing with a housing shortage for years. Additional on campus housing should have been built decades ago.

 

Good to know nearly 50% of Victoria council declined a 50-some unit rental building.