Jump to content

      












Photo

Affordable housing in Victoria


  • Please log in to reply
2328 replies to this topic

#2321 Klapecki

Klapecki
  • Member
  • 363 posts

Posted 25 April 2021 - 09:00 AM

Key note from that costing is that it comes from non profit builders (I’m picturing Habitat for Humanity?). As far as I know, no large scale social housing projects are being built by nonprofits, or if they are, they are hiring commercial contractors for the work.

As an aside, we just completed a 500 sq garden suite and with modest finish the cost came in close to 200k once all costs were included. And we aren’t getting rich off this.

Fwiw, the article Juno shared estimates construction costs at $320/SF and $365/SF for wood frame and concrete, respectively. This includes the soft costs, about 30% of the total


Edited by Klapecki, 25 April 2021 - 09:00 AM.


#2322 Mike K.

Mike K.
  • Administrator
  • 63,205 posts

Posted 25 April 2021 - 09:15 AM

Entry-level townhomes on the West Shore are coming in close to $400 right now, not including land or soft costs. This means you have to sell north of $650k for a ~1,300 sq ft unit just to break even at $70k/door, and relatively lightning fast approvals compared to the City of Victoria.

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


#2323 sebberry

sebberry

    Resident Housekeeper

  • Moderator
  • 19,751 posts
  • LocationVictoria

Posted 25 April 2021 - 12:19 PM

Entry-level townhomes on the West Shore are coming in close to $400 right now, not including land or soft costs. This means you have to sell north of $650k for a ~1,300 sq ft unit just to break even at $70k/door, and relatively lightning fast approvals compared to the City of Victoria.

 

It's frustrating.  We should have been pushing for more of these 10, 20 years ago.  I'm outgrowing the functionality of a condo, but no where near close to being able to afford a townhouse.  Something like this would suit me perfectly for the next 20 years.  https://www.realtor....ia-central-park


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

Victoria webcams: Big Wave Dave Webcams

 


#2324 Klapecki

Klapecki
  • Member
  • 363 posts

Posted 25 April 2021 - 01:19 PM

Townhouses are where it’s at I think. Looked at a near new 2bd for 600k and it was 850 sq. Older updates townhouse same price but 1700 sq.... no brainer for me

#2325 Victoria Watcher

Victoria Watcher

    Old White Man On A Canadian Island

  • Member
  • 22,607 posts

Posted 25 April 2021 - 01:29 PM

Something like this would suit me perfectly for the next 20 years.  https://www.realtor....ia-central-park

 

there are some less glamourous versions of those in james bay (covered, not garage parking).  might suit you as you get older too.


Edited by Victoria Watcher, 25 April 2021 - 01:29 PM.


#2326 Barrrister

Barrrister
  • Member
  • 875 posts

Posted 25 April 2021 - 01:38 PM

Wedgewood estates has some really nice townhouses and a great rec center.


  • rjag and Victoria Watcher like this

#2327 Kapten Kapsell

Kapten Kapsell
  • Member
  • 3,076 posts

Posted 28 April 2021 - 01:26 PM

It's frustrating.  We should have been pushing for more of these 10, 20 years ago.  I'm outgrowing the functionality of a condo, but no where near close to being able to afford a townhouse.  Something like this would suit me perfectly for the next 20 years.  https://www.realtor....ia-central-park

This new listing might be of interest, though the strata fee is on the high side:  https://www.realtor....ia-central-park


  • Nparker likes this

#2328 sebberry

sebberry

    Resident Housekeeper

  • Moderator
  • 19,751 posts
  • LocationVictoria

Posted 28 April 2021 - 01:36 PM

This new listing might be of interest, though the strata fee is on the high side:  https://www.realtor....ia-central-park

 

That's a nice place but I'd need to double my income to afford that...


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

Victoria webcams: Big Wave Dave Webcams

 


#2329 Nparker

Nparker
  • Member
  • 29,051 posts

Posted 28 April 2021 - 01:38 PM

That's a nice place but I'd need to double my income to afford that...

And the neighbourhood is kind of sketchy.  ;)


  • sebberry and Victoria Watcher like this

 



2 user(s) are reading this topic

0 members, 2 guests, 0 anonymous users