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Legato
Uses: condo, commercial
Address: 960 Yates Street
Municipality: Victoria
Region: Downtown Victoria
Storeys: 17
Condo units: 88 (1BR, 2BR, 3BR, penthouse)
Sales status: sold out / resales only
Legato is an 88-unit, 17-storey condo tower with ground floor commercial space at 960 Yates Street in downtown... (view full profile)
Learn more about Legato on Citified.ca      Official website: legatovictoria.com
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[Downtown] Legato | Condos; commercial | 17-storeys | Complete - built in 2018


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648 replies to this topic

#641 Mike K.

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Posted 14 June 2018 - 02:46 PM

As for Mike K and that other bonehead talking about how I had to lower my rates because of Yellow's pricing scheme - I did not!! :)


Huh?

I don’t even know what to make of your posts, for the most part, let alone remember advising you on what to charge your tenants.

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Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#642 Promontory Kingpin

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Posted 14 June 2018 - 03:01 PM

No one is whining about capitalism (at least I certainly am not) I just doubt you would be knee-slapping about how much you are charging if your customers (tenants) were there in person. Like if you bought a car and the salesmen started hooting and hollering and high fiving over how much money they got out of you

Of course I would not be knee-slapping about rental rates if my tenant was in front of me. There would be no benefit to that at all... I am discussing this on the forum because a great deal of the value added to this page is because there are investors like myself who are inspired by the new upcoming buildings in and around the core. The reason that a lot of these buildings are being erected is because of investors who are passionate about our city and want to be a part of its ongoing creation. 

 

Investors will read my posts and understand that they can actually get a greater return on their dollar. Much better then what Realstar is getting. If they are inspired by this then they may choose to purchase another unit. This will in return allow for an additional rental to enter the market, which will further alleviate the housing shortage.


Edited by Promontory Kingpin, 14 June 2018 - 03:07 PM.

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#643 sdwright.vic

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Posted 14 June 2018 - 04:31 PM

As for Mike K and that other bonehead talking about how I had to lower my rates because of Yellow's pricing scheme - I did not!! :)


Someone just keeps getting more charming.... 🤔
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#644 Casual Kev

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Posted 14 June 2018 - 05:23 PM

@ PK

For the cheapest suite on Yello (495 sqft 2nd floor) : 1380 (rent) + 175 (parking) + 25 (bike locker) + 30 (storage) = 1610. Add 80-120 for a 545 sqft mid-high floor suite. It only comes cheap on Yello if you skimp on amenities that comes with the price tag on most rentals. Not uncommon to see cheaper and larger downtown condos posted on classifieds.

In retrospect, current Legato rent asking prices aren't that outrageous if it's really a superior build with better amenities. But in a small city like Victoria a fancy pants downtown condo is not exactly the marker of high class as it is in Vancouver.

Edited by Casual Kev, 14 June 2018 - 05:28 PM.

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#645 Nparker

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Posted 14 June 2018 - 05:24 PM

Someone just keeps getting more charming....

Perhaps in some cultures being called the "other bonehead" is high praise?  :blink: 

And I apologize for adding to this thread's off-track tangent.


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#646 Mike K.

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Posted 14 June 2018 - 06:36 PM

Realstar is one of the most sophisticated, well capitalized and diversified development firms on this continent.

If someone on the Internet thinks they wildly under-priced their units at Yello while already operating hundreds of units in this region and being familiar with the pricing trends to a degree few of us are able to appreciate, all the power to him.
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Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#647 Nparker

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Posted 06 July 2018 - 10:37 AM

Since there seem to be quite a number of residents living at the Legato now, perhaps this thread should be re-titled as "Compete"?

Legato.JPG

 



#648 Mike K.

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Posted 08 July 2018 - 04:40 PM

Compete, hey?

;)

Thanks for the heads-up. Done.

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Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#649 zoomer

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Posted 26 July 2018 - 08:22 PM

ok.. i posted this under Era by mistake - first looking under Completed Buildings.. which this one is!  Anyways, LEGATO update:

 

Good news - both commercial units have "leased" signs in the window today.


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