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The Chambers
Uses: rental, condo
Address: 1415 Chambers Street
Municipality: Victoria
Region: Urban core
Storeys: 5
The Chambers is a five-storey purpose-built rental complex situated along the 1400-block of Chambers Street at... (view full profile)
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[Fernwood] The Chambers | Rentals | 5-storeys; 16.4m | Built - completed in 2015


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#1 Mike K.

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Posted 30 July 2014 - 08:26 PM

The Chambers is a five storey condo and will soon start construction on Chambers at Johnson in Fernwood.

 

The average height from the sloping grade to the highest element of the roof is 16.4 meters.

 

East face

 

The-Chambers-east.gif

 

West face

 

The-Chambers-west.gif

 

 

South face

 

The-Chambers-south.gif

 

North face

 

The-Chambers-north.gif


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#2 Mixed365

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Posted 30 July 2014 - 10:23 PM

Any idea who developer or architect is?


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#3 Mike K.

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Posted 30 July 2014 - 10:26 PM

Hillel Architecture, but no idea who the developer is.


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#4 D.L.

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Posted 31 July 2014 - 04:05 AM

NE corner?



#5 Rob Randall

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Posted 31 July 2014 - 07:02 AM

A few years ago I was talking with Three Point Properties about a Chambers St. proposal, I think this is finally it. 


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#6 Linear Thinker

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Posted 31 July 2014 - 11:55 AM

NE corner?

Sort of..

The two houses at the NE corner remain.

The new building goes on the 2 lots just east on Johnson that are now parking.

Another lot north of the 2 houses is part of the development but will still be parking.



#7 Mr Cook Street

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Posted 31 July 2014 - 12:48 PM

Any idea how many units will be in this building?



#8 Mike K.

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Posted 31 July 2014 - 01:16 PM

I'm going to guess around less than 40?


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#9 concorde

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Posted 31 July 2014 - 04:16 PM

34 x 1 bedroom units



#10 Mike K.

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Posted 31 July 2014 - 05:33 PM

Condos right?

Do you know who the developer is, and when sales or construction will begin?

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#11 concorde

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Posted 31 July 2014 - 06:19 PM

I think they are condos, but can't confirm

 

I am not sure who the developer is, but I am pretty sure it isn't Three Point

 

I'll ask around and report back when I find out something


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#12 concorde

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Posted 05 August 2014 - 10:29 AM

I hear the developer is Greg Abbott, never heard of him.  Construction should begin in September

 

Still haven't heard anything about sales or if they are condos or rentals



#13 Mike K.

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Posted 05 August 2014 - 10:38 AM

I'm going to assume they are rentals if no sales have started. Otherwise we'd have seen a year of pre-sales for sure.


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#14 concorde

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Posted 05 August 2014 - 11:20 AM

^that's what I was thinking



#15 Mr Cook Street

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Posted 05 August 2014 - 11:25 AM

Good time to be a renter in Victoria. Can't believe the number of rental units popping up after years of nothing. I wonder if people renting out suites in their homes are having more trouble finding renters.



#16 Mike K.

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Posted 05 August 2014 - 11:43 AM

Oh I'm certain of this. And my goodness, there are so many terrible suites for rent that this recent rental development spurt will be just what the market needs.

 

It will, of course, cause a few condo investors to second guess their decisions from here on out.


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#17 Holden West

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Posted 05 August 2014 - 11:45 AM

^No, this is a good time to find renters. Students are flooding back to Victoria looking for accommodations. Spring is bad when there is an exodus home. This project should appeal to students with parents willing to pay the rent as it's close to town and the UVic bus route.


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#18 concorde

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Posted 05 August 2014 - 11:54 AM

It will, of course, cause a few condo investors to second guess their decisions from here on out.

Its a horrible time to build condos and more purpose built rental buildings doesn't help and I should know.  I also would never build rentals either as the returns are poor and developers shoulder all the risk with the way the laws are written in the tenants favor.



#19 Mike K.

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Posted 05 August 2014 - 11:55 AM

Right now sure, but I'm talking about several years from now when all of this stock of rental housing starts to complete.


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#20 Mike K.

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Posted 05 August 2014 - 11:56 AM

Its a horrible time to build condos and more purpose built rental buildings doesn't help and I should know.  I also would never build rentals either as the returns are poor and developers shoulder all the risk with the way the laws are written in the tenants favor.

 

Why not build it, rent it out, and flip it? There are dozens of rental apartment companies chomping at the bits to secure good rental properties.


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