Wow that would be great but I won't hold my breath.
alas it over! let your breath out now.
oh you weren't holding it anyway.
BUILT Black and White Uses: condo, commercial Address: 1033 Cook Street Municipality: Victoria Region: Downtown Victoria Storeys: 6 Condo units: (1BR, 2BR, penthouse, 1BR + den, 2BR + den, junior 1BR) Sales status: sold out / resales only |
Posted 31 October 2019 - 12:52 PM
Wow that would be great but I won't hold my breath.
alas it over! let your breath out now.
oh you weren't holding it anyway.
Posted 31 October 2019 - 12:52 PM
So basically three years from start of construction to finish.
Posted 02 December 2019 - 12:34 PM
Posted 04 December 2019 - 01:20 PM
Rumors of an occupancy permit to be issued by Friday and notices of closing schedules to follow from Abstract
First posting on Citified for this development was December 17-2011. Almost eight years to the day
Posted 04 December 2019 - 01:51 PM
Wow.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 04 December 2019 - 02:00 PM
...First posting on Citified for this development was December 17-2011. Almost eight years to the day
Whoosh! Tempus fugit.
Posted 04 December 2019 - 03:53 PM
Three year construction period....that is a ton of interest the developer is stuck paying. I can't see a construction mortgage on something like this being less than 5% per year. The struggle to get it finished towards the end must hurt as with each draw you pay more and more interest per month.
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
Posted 04 December 2019 - 03:54 PM
This seems like a good deal -> https://www.realtor....ctoria-downtown
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
Posted 05 December 2019 - 09:08 AM
This seems like a good deal -> https://www.realtor....ctoria-downtown
Posted 05 December 2019 - 09:51 AM
Indeed.
In March of 2017 we were having this very conversation about $1,000 a square foot for luxury suites within 18 months of then. Right on cue $1,000 came and went with luxury product now pushing north of $1,200 and average smaller units priced comfortably within $800 and $1,000, even woodframe.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 05 December 2019 - 10:24 AM
Posted 05 December 2019 - 11:10 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 05 December 2019 - 02:59 PM
Closing begin December 17
Posted 05 December 2019 - 03:03 PM
I was not saying Marko was wrong or that he was right, merely pointing out that there are numerous factors that determine value, such as type of construction, location, finishes, parking etc. Although in the end I did say I liked B&W's location and vibe better so it was hard to say which was the better deal even if B&W didn't include parking.Difficult to compare B&W with Jukebox based upon average size/price of units, finishes, total number of units, outlook, etc..
We can all have opinions, but Marko is a realtor specializing in condos, so seems to me his comment carries more weight!
It does seem like a good deal.
Posted 05 December 2019 - 03:08 PM
Posted 05 December 2019 - 03:33 PM
In terms of pricing, Abstract's wood framed developments are usually priced close to the price of some concrete developments, and in some cases individual units exceed the price of equivalent concrete units.
Comparing Black and White with the recently-completed 989 Johnson:
Unit 707 at 989 Johnson Street is a 2 bed, 2 bath unit with 875 square feet offered for sale by the developer at $642,500 inclusive of GST.
Unit 214 at Black and White is a 2 bed, 2 bath unit with 863 square feet offered for sale by the developer at $649,900 plus GST of approx. $32,500 for a total price of $682,400.
Posted 05 December 2019 - 04:01 PM
Yea Abtract's wood historically sells for more than other developers' concrete.
In general the spread between concrete and wood is not huge. Buyers give much more weight to other factors such as amenities near by, etc.
For example, why does Travino (wood-framed and further out of town) sell for substantially more per sq/ft than Lyra?
Edited by MarkoJ, 05 December 2019 - 04:03 PM.
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
Posted 06 December 2019 - 08:17 AM
For example, why does Travino (wood-framed and further out of town) sell for substantially more per sq/ft than Lyra?
I expect it's due to the neighbourhood. Easy access to Saanich Commonwealth, right by a major transit hub, lots of restaurant and grocery options walking distance away, etc.
~ Jasmine ~
Posted 06 December 2019 - 09:03 AM
^ that's exactly right. I live in the Travino neighbourhood too. I have no desire to be on Christmas hill, even though it's closer to town, school and work.
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