64 replies to this topic

[James Bay walker]

November 1975:

 

orchard.jpg

Source?

[Rob Randall]

Colonist archives: BritishColonist.ca

 

Those prices for a leased suite don't seem drastically cheaper than regular condo prices at the time. I guess the bargain was relative price with the amenities and the views in a quiet concrete building.

[Victoria Watcher]

perhaps back then when the 99 year lease was new and maintenance was not high they were priced closer together.

here is some building info:

https://orchardhouse...the-building-2/

[aastra]

It was a rental building for just a couple of years before they started selling long term leases:

 

 

Daily Colonist
August 24, 1974

Firm denies using lease loophole

A spokesman for Pacific Strata Services Ltd. rejected charges Friday that his firm is using a "loophole" in provincial legislation by selling assigned 99-year leases on suites in the Orchard House apartment building in James Bay.

Clifford O'Connor, manager of Pacific Strata's Victoria office, said in an interview his company is "within the law" in selling the leases.

O'Connor said his firm is only acting as a real estate agent for Westsea Construction Ltd. of Vancouver which owns the building.

He said the leases were sold to Capital Construction Supplies Ltd. before provincial legislation was passed making it illegal for a landlord to enter into lease arrangements exceeding three years.

A spokesman for the attorney-general's department confirmed there is nothing illegal about the 99-year leases being "assigned" tenants by Pacific Strata Services.

"This is just a one shot deal," he said. "From here on in, all long term leases will need municipal approval..."

 

--

 

$130 per month to rent a one-bedroom apartment in Orchard House in July, 1971, but then $26,900 to lease a one-bedroom apartment in Orchard House in November, 1974 ("we will be happy to discuss taking your present home in trade"):

 

 

Edited by aastra, 25 December 2020 - 09:56 PM.

[James Bay walker]

Colonist archives: BritishColonist.ca

 

Those prices for a leased suite don't seem drastically cheaper than regular condo prices at the time. I guess the bargain was relative price with the amenities and the views in a quiet concrete building.

Under what search terms?

 

jbw

 

ps After strenuous seconds of trial and error, I found a similar one, here's an actual link/URL:  https://archive.org/...ge/n13/mode/1up

(less than 300 kb/sec download speed from that site for 120 MB docs is rather tedious but it's not worth complaining about)

Attached Images

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Edited by James Bay walker, 25 December 2020 - 05:29 PM.