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The Jukebox
Uses: condo, commercial
Address: 1000-block of View Street
Municipality: Victoria
Region: Downtown Victoria
Storeys: 9
Condo units: 215 (studio/bachelor, 1BR, 2BR, 1BR + den)
Sales status: now selling
The nine-storey Jukebox condominium development consists of 215 residential units and a ground floor commercia... (view full profile)
Learn more about the Jukebox on Citified.ca      Official website: https://jukeboxvictoria.com
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[Downtown Victoria] Jukebox | Condos; commercial | 9-storeys | Built - completed in 2019

Condo Commercial

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878 replies to this topic

#861 Rob Randall

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Posted 11 September 2019 - 01:46 PM

You'd be surprised at how important the physicality of a new-build home is to some purchasers (and how many such purchasers there are who wait for the finished product), as opposed to choosing that home via architectural drawings and renderings 2-3-4 years ahead of occupancy.

 

Nobody wants to be Bambu-zled.


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#862 Mike K.

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Posted 11 September 2019 - 01:52 PM

Lol!

 

Yes, exactly. It happens.


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#863 G-Man

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Posted 11 September 2019 - 06:26 PM

I would say generally that the vast majority of people buy in or around the time they plan to sell or move based on life events. I would guess that of the general population it is an infinitesimally small proportion that would ever buy a presale.

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#864 Mike K.

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Posted 11 September 2019 - 06:49 PM

It's not quite that small.

Just in the downtown core alone nearly 1,000-units have been purchased and completed since 2016. Another 1,100 are under construction, most of them already pre-purchased. Region-wide there are 2,200 condos underway.

6,000-odd re-sale homes are purchased in this region annually, and another 1,500-odd homes are pre-sales (condos, townhomes and single-family-homes), so about a fifth of home sales are purchased site unseen.
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#865 Victoria Watcher

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Posted 12 September 2019 - 04:16 AM

1 left on the 2nd floor. 3 on the top. then a good selection of floor plans still available between.

Edited by Victoria Watcher, 12 September 2019 - 04:16 AM.


#866 Banksy

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Posted 12 September 2019 - 08:02 AM

Definitely not the scraps that are left over, I'll be there on the weekend to see this for myself. I was in a Mosaic condo not that long ago and it was far out.



#867 Victoria Watcher

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Posted 12 September 2019 - 02:57 PM

215 suites in this one building is pretty impressive. I wonder where that ranks on suite count for the city.

#868 ovovov

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Posted 12 September 2019 - 03:18 PM

other discussion here:

 

https://vibrantvicto...g-condos/page-3


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#869 Mike K.

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Posted 12 September 2019 - 06:03 PM

215 suites in this one building is pretty impressive. I wonder where that ranks on suite count for the city.

 

Yeah, it's the most-dense downtown Victoria residential building built in recent history. Not even the 15 and 17-storey 989 towers have more units (206) and Yello totalled 209. The next closest would be 1008 Yates with 195.

 

I think only View Towers has more homes.


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#870 Victoria Watcher

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Posted 13 September 2019 - 06:36 AM

that really says something. wow.

how many suites does that rental on mt. tolmie have? it’s just 3 floors but it’s big.

oh 117.

https://goodmanrepor...drive-victoria/

Edited by Victoria Watcher, 13 September 2019 - 06:39 AM.


#871 Nparker

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Posted 13 September 2019 - 08:32 AM

that really says something...

It says the units at the Jukebox must be very small.



#872 Mike K.

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Posted 13 September 2019 - 11:00 AM

that really says something. wow.

how many suites does that rental on mt. tolmie have? it’s just 3 floors but it’s big.

oh 117.

https://goodmanrepor...drive-victoria/

 

It's a huge building, for sure.

 

They opted to go up to nine-storeys in order to incorporate over-height 10'+ ceilings in the majority of homes.


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#873 Victoria Watcher

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Posted 13 September 2019 - 11:59 AM

well that makes for more space in the small units if you work it out right.
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#874 sebberry

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Posted 13 September 2019 - 01:34 PM

that really says something. wow.

how many suites does that rental on mt. tolmie have? it’s just 3 floors but it’s big.

oh 117.

https://goodmanrepor...drive-victoria/

 

Is that rent chart accurate?  Prices seem low in this market.  Or is the building on its last legs?


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#875 Victoria Watcher

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Posted 13 September 2019 - 01:36 PM

Is that rent chart accurate?  Prices seem low in this market.  Or is the building on its last legs?

 

not sure how up-to-date it is.  but this is rent roll averages for sale (of the building) purposes.  and i bet lots of tenants are long-timers (under rent control).  so it's not what they'd rent for today but what the average rent roll is now.



#876 MikeF4

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Posted 13 September 2019 - 01:48 PM

I own an investment property in the Jukebox and just became aware of a GST rebate for owners of residential rental units. Anyone have any experience with this?



#877 Victoria Watcher

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Posted 13 September 2019 - 01:56 PM

I own an investment property in the Jukebox and just became aware of a GST rebate for owners of residential rental units. Anyone have any experience with this?

 

https://www.canada.c...rty-rebate.html

 

a couple realtors on this site might be worth asking.  marko juras or davidS  or is it davidL i forget.


Edited by Victoria Watcher, 13 September 2019 - 02:01 PM.


#878 Kapten Kapsell

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Posted 13 September 2019 - 07:10 PM

Yeah, it's the most-dense downtown Victoria residential building built in recent history. Not even the 15 and 17-storey 989 towers have more units (206) and Yello totalled 209. The next closest would be 1008 Yates with 195.

I think only View Towers has more homes.

Aria on Humboldt is relatively dense with 183 units...
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#879 Mike K.

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Posted 14 September 2019 - 05:53 AM

Yes! It’s also a big project.

Hudson Place Two is on track for 235 rentals if built as currently proposed.

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