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The Janion
Uses: condo, commercial
Address: Store Street at Pandora Avenue
Municipality: Victoria
Region: Downtown Victoria
Storeys: 7
Condo units: 122 (studio/bachelor, loft, 2BR)
Sales status: sold out / resales only
The Janion development includes the full heritage restoration of the historic Janion Hotel, built in 1891, and... (view full profile)
Learn more about the Janion on Citified.ca
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[Downtown Victoria] Janion Building redevelopment | 7-storeys | Built/renovated - completed in 2016

Condo Commercial

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2610 replies to this topic

#2601 MarkoJ

MarkoJ
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Posted 13 April 2018 - 09:23 AM

Does anyone know if the 38% tax credit still applies to the units in the heritage portion and where does that show up? Notice of property tax or similar? 


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2017 | Fair Realty

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#2602 janionconcierge

janionconcierge
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Posted 13 April 2018 - 09:51 AM

Yup, the 38% is based on the footprint of the Heritage portion of the building but applies to the entire building, old and new.

Hard time getting a direct answer but I believe it's applied by a 38% reduction on the assessed value when it comes to calculating the property tax. My question is whether that also applies to the application of the new so-called Speculation Tax.


Janion Concierge Services

On Site Help For Janion Owners, Residents & Visitors

Call/Text Ken at 778-676-0796

Email: JanionConcierge@shaw.ca

For more info visit:

http://www.janionconcierge.com

or

http://www.janionconcierge.com/what-we-do

 


#2603 Mike K.

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Posted 13 April 2018 - 10:31 AM

A heritage discount on the speculation tax? Is that what you're wondering about?

 

The speculation tax is over and above the property tax and the heritage status of the building has no effect on the speculation tax. However, your unit, if indeed it is a secondary home, would not be taxed provided its assessed value is below $400,000 and provided you only have that one unit in addition to your permanent residence in BC.


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#2604 MarkoJ

MarkoJ
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  • LocationVictoria

Posted 13 April 2018 - 10:48 AM

Yup, the 38% is based on the footprint of the Heritage portion of the building but applies to the entire building, old and new.

Hard time getting a direct answer but I believe it's applied by a 38% reduction on the assessed value when it comes to calculating the property tax. My question is whether that also applies to the application of the new so-called Speculation Tax.

 

I am having trouble getting a direct answer too...I guess property taxes where settle for last year with developer, so it never came up?


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2017 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#2605 janionconcierge

janionconcierge
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Posted 13 April 2018 - 11:07 AM

This will be the first year the Heritage discount applies as they missed the boat last year.

My understanding is that the $400,000 will mean the owner is eligible for a tax credit to recover the amount charged, not that they won't be charged at all. Some owners are retired and concerned that the non-refundable tax credit won't help them as they do not have adequate income to apply the tax credit to.

I guess we'll find out for certain when the tax bills arrive. 


Janion Concierge Services

On Site Help For Janion Owners, Residents & Visitors

Call/Text Ken at 778-676-0796

Email: JanionConcierge@shaw.ca

For more info visit:

http://www.janionconcierge.com

or

http://www.janionconcierge.com/what-we-do

 


#2606 Gary H

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Posted 13 April 2018 - 04:11 PM

Janion's first retail store opens...

 

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#2607 Brantastic

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Posted 01 June 2018 - 08:42 AM

Any word on what other shops/restaurants will be opening here other than the candy shop, and when? I think the square will have a lot more life to it once the retail fills out. I've been patiently waiting for news on the commercial tenants of this, and other recently finished or soon to be finished projects around the downtown (Yello, Legato, 1515 Douglas/750 Pandora). 



#2608 Jackerbie

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Posted 01 June 2018 - 08:48 AM

Hey i heard today that NUBO is one of the new tenants in the commercial section of the Janion. 

 

Is this still a rumour, or confirmed? A building permit for a 49 patron restaurant was issued in January.



#2609 JanionGuy

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Posted 10 June 2018 - 07:42 AM

Things may have changed on the NUBO rumour.  The door now announces a Korean Restaurant "CERA"

 

IMG_2221.jpg

 

IMG_2222.jpg



#2610 Nparker

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Posted 10 June 2018 - 08:13 AM

Things may have changed on the NUBO rumour...

I think NUBO is expanding at their Pandora Avenue location.



#2611 Brantastic

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Posted 10 June 2018 - 08:51 AM

I think NUBO is expanding at their Pandora Avenue location.

Yeah, given the expansion it would be strange to move, unless they were just opening a second location. The Korean restaurant could be cool.


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