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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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2657 replies to this topic

#2641 JanionGuy

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Posted 08 July 2019 - 04:59 PM

Don't bother us with trifles. There's a hard and fast rule in the modern brick-and-mortar business scene: any commercial unit -- no matter how unlikely or unsuitable it might seem to be at first glance -- can successfully support either an investment place, a nail salon, or a marijuana store.

Ok, good point. I guess it's a good thing to have an investment firm in the building so all of the AirBnB owners will know how to properly invest their profits.

 

And properly declare all of their income/expenses to CRA, whilst writing off their profits by meeting clients at Cera, The Village (where the locals eat), Swans, and The Drake, and the like.


Edited by JanionGuy, 08 July 2019 - 05:00 PM.


#2642 m3m

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Posted 09 July 2019 - 09:26 AM

I don't think running an airbnb is all that profitable these days. Lots of hidden expenses. 



#2643 Szeven

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Posted 09 July 2019 - 05:57 PM

I don't think running an airbnb is all that profitable these days. Lots of hidden expenses.


This is pretty accurate. I've operated one for just over 2 years now in the building. If you think about it from the purchase price it's a great return, but if you paid market prices now I think you'd be yielding about 3-4%. I get about 16-20k (pre tax) a year depending how much goes wrong. This year the washer alone cost me $1600.

Edited by Szeven, 09 July 2019 - 05:58 PM.


#2644 Gary H

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Posted 09 September 2019 - 04:11 PM

The plaza is fulfilling its potential...

 

Now that the trees are bigger, the bike lanes are open, and the cafe has more outdoor seating, the plaza has become quite the hot spot.  Quite similar to Cafe Fantastico at the "real" start of the Goose.

 

48708364138_141b04e37b_k.jpg


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#2645 Mike K.

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Posted 09 September 2019 - 04:15 PM

That’s looking real good, Gary. Great shot.

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#2646 Rob Randall

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Posted 09 September 2019 - 04:21 PM

And people weep for the "good old days"?

 

jsb.JPG

 

 


"[Randall's] aesthetic poll was more accurate than his political acumen"

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#2647 Nparker

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Posted 09 September 2019 - 04:30 PM

And people weep for the "good old days"?

I do miss the train station...and the train.


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#2648 aastra

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Posted 09 September 2019 - 04:34 PM

I think we can all agree that the Janion project has been a wild success and that the immediate area has improved significantly because of it. It checks off all the boxes: heritage restoration, appropriately styled and scaled new development, and (re)activation of the pedestrian realm.

 

And I think we can all agree that we should never ever allow something similar to happen on the Northern Junk side, not in a million years, because it would ruin everything.


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#2649 Mike K.

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Posted 09 September 2019 - 04:41 PM

It took three years from the project's completion to get to this point. I know we all wish that these projects would fill their retail spaces in rapid fashion, but sometimes it's worth to wait a little.

 

It is a crying shame, though, that we no longer have a train arriving into such a square/plaza. That would have been pretty special.


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#2650 Nparker

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Posted 09 September 2019 - 05:45 PM

...It is a crying shame, though, that we no longer have a train arriving into such a square/plaza. That would have been pretty special.

It would have been truly amazing. The short-sightedness of the civic governments in our city and region is truly shameful.


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#2651 Nparker

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Posted 09 September 2019 - 05:48 PM

...And I think we can all agree that we should never ever allow something similar to happen on the Northern Junk side, not in a million years, because it would ruin everything.

Assuming the most recent, watered-down, NJ proposal actually gets built we'll have a lovely heritage traffic island to enjoy for generations to come.



#2652 DavidC

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Posted 10 September 2019 - 08:34 AM

It is a crying shame, though, that we no longer have a train arriving into such a square/plaza. That would have been pretty special.

Agreed, last year while in Denver it was pretty neat to take the train from the airport right to a downtown plaza.



#2653 Hotel Mike

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Posted 10 September 2019 - 08:47 AM

Why is the City taking so long before finishing the landscaping on the triangular section on the east side of the bridge, across from the Janion? It's just sitting there looking forlorn. That should be the grand entrance to the bridge. It should have been a priority.


Don't be so sure.:cool:

#2654 Nparker

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Posted 10 September 2019 - 09:33 AM

Why is the City taking so long before finishing the landscaping on the triangular section on the east side of the bridge, across from the Janion? ...

They haven't found a way to link it to either the  :eek:  :eek:  :eek: !!! CLIMATE CRISIS !!!  :eek:  :eek:  :eek:  or any other SJW priorities.



#2655 Jackerbie

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Posted 10 September 2019 - 09:47 AM

Why is the City taking so long before finishing the landscaping on the triangular section on the east side of the bridge, across from the Janion? It's just sitting there looking forlorn. That should be the grand entrance to the bridge. It should have been a priority.

 

Isn't that where the surfboard whale was supposed to go?



#2656 Nparker

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Posted 10 September 2019 - 09:56 AM

Isn't that where the surfboard whale was supposed to go?

And now the reeds & canoe from Bastion Square, IIRC.



#2657 IPH

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Posted 10 September 2019 - 11:14 AM

I know the City has a statue in storage that could be recycled for use there too! :badpc:



#2658 Jackerbie

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Posted 10 September 2019 - 11:28 AM

I know the City has a statue in storage that could be recycled for use there too! :badpc:

 

I still think that it's a missed opportunity to put it in front of Big Bad John's


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