3253 replies to this topic

[LJ]

So I guess all you Promontorians will be looking forward to welcoming a bunch of strangers wandering around on the weekends looking at the Children's Lottery prize suite. Unit 403 I believe.

[HB]

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Edited by HB, 11 November 2014 - 09:07 AM.

[Mike K.]

History Buff, please be respectful of the individuals participating in this thread.

We will not tolerate any further contributions that are disrespectful and/or are of no constructive value to this discussion.

[LJ]

You can take two million cash, the prize package is valued at 2.1m and

INCLUDES:

• $50,000 Sandy’s Furniture gift card if furnishings not chosen with home
• Trip for 2 to London, England  + cash or $15,000 cash
• 2014 BMW 428i xDrive Cabriolet or $50,000 cash
• $1.4 Million Cash

[JacquelineQ]

PROMONTORIANS Patti and Marty moved in today, and I know a lot of you have been waiting for photos - sorry I didn't snap any of the Gorge - enjoy!

[JacquelineQ]

Ugh, can't figure out how to rotate photos using the iPad! .

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Edited by JacquelineQ, 26 July 2014 - 10:28 PM.

[MarkoJ]

Teresa, good luck with your walk-through today.  Something has come up and I cannot make it this morning.  Another 11th floor A has hit the rental market, I am surprised how low they are going for -> http://victoria.crai...4589289265.html

[Mike K.]

$2300 for "2-half bedrooms," whatever that is, on the 11th floor is kinda steep, don't you think?

I can see paying up to $1500 for one bedroom on the teen floors at the Promontory but $800 more for an additional bedroom?

[lanforod]

$2300 for "2-half bedrooms," whatever that is, on the 11th floor is kinda steep, don't you think?

I can see paying up to $1500 for one bedroom on the teen floors at the Promontory but $800 more for an additional bedroom?

Half bedroom typically means a den type room, often around 50 sq ft or so, and often not enclosed completely. This is a big apartment. Price is pretty good I would think.

[MarkoJ]

$2300 for "2-half bedrooms," whatever that is, on the 11th floor is kinda steep, don't you think?

I can see paying up to $1500 for one bedroom on the teen floors at the Promontory but $800 more for an additional bedroom?

 

It means two bedrooms plus a den.  The junior one bedrooms and studios ($200-245k purchase price) are renting $1,100 to $1,175/month with strata fees of approximately $150-165/month and taxes of $125/month.

 

The 11th floor A is a unit worth north of $650k (the 12th A is on sale for a lot more than that -> http://beta.realtor....ertyId=14708133) and when you factor in the landlord is paying $404/month in strata fees and $350/month in taxes it's a barging at $2,275/month in my opinion. 

 

I had thought they would be going in the $2,500 to $2,800 range.

[lanforod]

350/mo in taxes??? Why are folks paying 4k in taxes for a 650k condo?

[sebberry]

350/mo in taxes??? Why are folks paying 4k in taxes for a 650k condo?

 

I'm guessing because they can't claim the homeowner grant on a rental property? Marko?

[lanforod]

Homeowner grant isn't that much, around 600. 4k seems excessive. I paid less for my house, assessed roughly the same (without factoring in the grant)

[MarkoJ]

I'm guessing because they can't claim the homeowner grant on a rental property? Marko?

 

Correct.  650k assessment multiplied by the mill rate = $4,700 approximately in gross taxes and the homeowner grant cannot be claimed if rental property.

[MarkoJ]

Homeowner grant isn't that much, around 600. 4k seems excessive. I paid less for my house, assessed roughly the same (without factoring in the grant)

 

Do you live in the municipality of Victoria? 

[Teresa]

Teresa, good luck with your walk-through today.  Something has come up and I cannot make it this morning.  Another 11th floor A has hit the rental market, I am surprised how low they are going for -> http://victoria.crai...4589289265.html

Thank you Marko. I get the keys tomorrow, and will be here till Saturday, so If you could take a look at it, anytime after tomorrow, it would be great!!

[lanforod]

Do you live in the municipality of Victoria?

Saanich. Are the two that significantly different?! Yikes.

[Mike K.]

You bet. The City of Victoria needs to make it's annual $200 million budget somehow.

[thundergun]

Saanich. Are the two that significantly different?! Yikes.

 

Yep - someone has to pay for the bridge and core policing services...

[Teresa]

You bet. The City of Victoria needs to make it's annual $200 million budget somehow.

But you get what you pay for