In addition, they also seem to have changed their website.
http://1011burdett.com/
BUILT 1011 Burdett Uses: condo, townhome Address: 1011 Burdett Avenue Municipality: Victoria Region: Urban core Storeys: 4 Condo units: (1BR, 2BR) Sales status: sold out / resales only |
Learn more about 1011 Burdett on Citified.ca
[Fairfield] 1011 Burdett | 32 condos; 4 townhomes | Completed - built in 2015
#121
Posted 24 January 2016 - 01:56 PM
“To understand cities, we have to deal outright with combinations or mixtures of uses, not separate uses, as the essential phenomena.”
- Jane Jacobs
#122
Posted 24 January 2016 - 10:01 PM
9 units left. They 22 units relatively quickly over the summer/fall as the market picked up and everything else sold out (Duet, 200 Douglas, etc.)
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
#123
Posted 25 January 2016 - 07:24 AM
I would guess that tent city so close by has not helped sales of the ground floor units in this building.
#124
Posted 25 January 2016 - 10:16 AM
9 units left. They 22 units relatively quickly over the summer/fall as the market picked up and everything else sold out (Duet, 200 Douglas, etc.)
That's so strange. Last fall a family friend bought one of the units and he said he was under the impression that there were only 2-3 units left at the time of his purchase. And he's a real-estate guy, not sure why he'd be off by that much.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#125
Posted 25 January 2016 - 10:54 AM
That's so strange. Last fall a family friend bought one of the units and he said he was under the impression that there were only 2-3 units left at the time of his purchase. And he's a real-estate guy, not sure why he'd be off by that much.
Perhaps some of the contracts to purchase units were cancelled by buyers?
The Falls on Douglas was originally 100% presold but several pre-sale buyers backed out during the financial crisis, leading to unsold units that the developer had to unload at 'fire sale' prices.
Perhaps that experience is what led Westbank to ultimately 'abandon' the Victoria market? They haven't had any projects locally since then (despite several big ones in Vancouver)...
#126
Posted 25 January 2016 - 10:59 AM
They had a few other ideas on the go but the financial crisis put those projects on hold and they were eventually cancelled. That and the lawsuits against them certainly did Westbank no favours locally.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#127
Posted 26 January 2016 - 12:46 PM
Maybe they only had 2-3 two bedroom units left. All they have left is one bedroom and the townhomes which have been difficult to move but they just sold one the other day.
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
#128
Posted 26 January 2016 - 01:54 PM
Marko, do you think that part of the challenge with these townhomes is related to the Strata Fees? I know that strata fees for townhouses in high-rise projects in Vancouver can be very high compared to wood-framed 'townhouse only' projects (similar to the ones popular locally on Shelbourne). Part of the problem is that fees seem to be higher in the elevator buildings... whilst townhome residents are paying for things they don't use (elevators, front entrances, etc)?
#129
Posted 26 January 2016 - 03:21 PM
^ As a recent townhome purchaser in a non-elevator building, with Marko as my realtor, I can say this is definitely something I considered. Thought about checking out a unit in the Promontory and was amazed at what they were asking for strata fees.
Also, these units on Burdett only had one set of windows, which are North facing which didn't help their relatively high asking price.
#130
Posted 26 January 2016 - 03:54 PM
Yes, townhouse + apartment building mixed developments really should have a way to classify townhouse square footage differently so that the townhouses pay a fair amount of strata fees compared to apartments.
#131
Posted 26 January 2016 - 05:59 PM
Marko, do you think that part of the challenge with these townhomes is related to the Strata Fees? I know that strata fees for townhouses in high-rise projects in Vancouver can be very high compared to wood-framed 'townhouse only' projects (similar to the ones popular locally on Shelbourne). Part of the problem is that fees seem to be higher in the elevator buildings... whilst townhome residents are paying for things they don't use (elevators, front entrances, etc)?
The townhomes at Bayview were a huge struggle to sell (strata fees now around $1,000 per month), the Promontory townhomes were also such a struggle to the point where BOSA scrapped all townhomes at the Encore. Is it fee related? Somewhat.
I also haven't seen very many well designed tower/condo incorporated townhomes in Victoria. For example, the Promontory townhomes didn't have interior building access (you needed to park in the parkade, go up to the lobby, go out, walk around the front and into your unit), the privacy is horrible, etc., etc.
That being said you get killed on the strata fees. For example, if a 500 sq/ft unit at the Promontory on the 17th floor needs an expensive window replacement the townhome owners is paying three times as much for that window replacement as the 500 sq/ft condo. Basically you get stuck paying large condo maintenance fees but you live in a townhome.
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
#132
Posted 26 January 2016 - 06:00 PM
Yes, townhouse + apartment building mixed developments really should have a way to classify townhouse square footage differently so that the townhouses pay a fair amount of strata fees compared to apartments.
This would be fair, but potentially complicated and source for litigation/arguments.
- lanforod likes this
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
#133
Posted 26 January 2016 - 08:35 PM
It is certainly something that has been broken for a long time. Retractively fixing it is probably a no go for those litigation reasons etc., but if a new development sets their bylaws correctly to start, why couldn't they just make it fair?
#134
Posted 26 January 2016 - 08:44 PM
The townhomes at Bayview were a huge struggle to sell (strata fees now around $1,000
Holy crap, my mortgage AND strata at the Mosaic were $425. I'd be interested to see their budget to see where that money is going must be a big contingency and landscaping.
Strata fees are too often overlooked when budgeting for a condo buy. When it is a new building it is tricky because the fees are only an estimate.
#135
Posted 26 January 2016 - 08:50 PM
Holy crap, my mortgage AND strata at the Mosaic were $425. I'd be interested to see their budget to see where that money is going must be a big contingency and landscaping.
Strata fees are too often overlooked when budgeting for a condo buy. When it is a new building it is tricky because the fees are only an estimate.
And that estimate is almost always too low.
#136
Posted 26 January 2016 - 11:18 PM
It is certainly something that has been broken for a long time. Retractively fixing it is probably a no go for those litigation reasons etc., but if a new development sets their bylaws correctly to start, why couldn't they just make it fair?
In my real estate career I've never seen anything other than unit entitlement based on the strata plan square footage, or 100% equal unit entitlement. There is a condo complex on Jacklin Road in Langford where all the units pay the exact same strata fee irrelevant of size or whether 1 bedroom or two bedroom. Also the latest phase of townhome at the Railyards had 100% equal unit entitlement even though the townhomes varied in size.
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
#137
Posted 27 January 2016 - 08:42 AM
I wish we built proper row-houses again. 1 house, 1 lot, no strata. Why isn't this more common? The full ownership of a house, just with 0 side setbacks.
- lanforod likes this
#138
Posted 27 January 2016 - 09:39 AM
I wish we built proper row-houses again. 1 house, 1 lot, no strata. Why isn't this more common? The full ownership of a house, just with 0 side setbacks.
I wish too....that would be awesome. City council wouldn't approve?
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
#139
Posted 27 January 2016 - 12:32 PM
I think that they would approve so long as fire code was met.
It is more than likely that the extra effort for a developer is the issue. They would have to amass a lot of land and then subdivide it smaller than they would have bought it. This would be a lot of paper work and likely the banks would consider each house as a separate loan. Instead with town houses the developers consolidates land and then apply to the bank for one loan, build, sell and are done.
#140
Posted 27 January 2016 - 12:44 PM
I wish we built proper row-houses again. 1 house, 1 lot, no strata. Why isn't this more common? The full ownership of a house, just with 0 side setbacks.
What is the difference between row-houses and townhouses?
“To understand cities, we have to deal outright with combinations or mixtures of uses, not separate uses, as the essential phenomena.”
- Jane Jacobs
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