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[James Bay] Shoal Point condo | 13-storeys | Built - completed in 2005

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#61 aastra

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Posted 24 July 2008 - 07:16 PM

Even though I'm a big fan of this building as is, I remember being quite disappointed when it started to "bulk up" with phase 2.

I suppose I should have seen it coming. The renderings had always shown the subsequent phases.

#62 Bingo

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Posted 03 September 2013 - 09:03 AM

Shoal Point and Fisherman's Wharf



#63 Mike K.

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Posted 17 February 2014 - 11:19 AM

We've just received word that David Foster's condo in Shoal Point has sold for $5 million.

 

shoalpoint3.jpg

 

shoalpoint2.jpg


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#64 Nparker

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Posted 17 February 2014 - 11:43 AM

I guess my offer at $4,975,000 less than this was not accepted.



#65 sebberry

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Posted 17 February 2014 - 01:31 PM

Here's the listing with more photos, not sure how long it will remain up for:

 

http://beta.realtor....ertyId=12704742


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#66 mcmusty

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Posted 17 February 2014 - 03:12 PM

Here's the listing with more photos, not sure how long it will remain up for:

 

http://beta.realtor....ertyId=12704742


The penthouse will probably be online longer at this web property. 
http://www.luxurybch...rties?id=317834



#67 Mike K.

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Posted 17 February 2014 - 03:18 PM

Can you elaborate on what you mean by that?


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#68 Casual Kev

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Posted 27 June 2020 - 10:04 PM

Maybe worth the 6-years bump:

 

Stumbled on an article noting the owners' struggles in this building with insurance premium spikes... sounds like they got hit spectacularly hard.

 

https://www.timescol...-000-1.24085281

 

 

 

 

Les Leyne: Insurance jump for Victoria condo building: $817,000 from $265,000

 

 

The Shoal Point condominium complex on Dallas Road appears to be the worst local example so far of the runaway premium hikes.

It cost $265,000 to insure the luxury harbourside building in James Bay last year. This year, the bill is $817,000, according to a resident with knowledge of the issue. There are more than 150 units in the 20-year-old complex and the resident’s condo fee is going up 44% this year to more than $1,000 a month in order to cover the extra costs.

 

 

As well, the deductible for water damage — which is the main driver of the crisis — is going to $500,000 from $25,000


Edited by Casual Kev, 27 June 2020 - 10:05 PM.


#69 johnk2

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Posted 28 June 2020 - 10:43 AM

Quite a few units have come on the market in the past few months. Some luxury ones like Foster's but mostly regular-folks units at what seem to be reasonable prices. Reasonable until you find out about the massive insurance hike in this complex.



#70 Casual Kev

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Posted 28 June 2020 - 01:11 PM

Quite a few units have come on the market in the past few months. Some luxury ones like Foster's but mostly regular-folks units at what seem to be reasonable prices. Reasonable until you find out about the massive insurance hike in this complex.

 

There are 16 units on the market listed at MLS, that's over 10% of the units. Wow. Not the right time to sell condos with strata fees nearing $1/sqft, though... 



#71 Greg

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Posted 28 June 2020 - 04:40 PM

The strata fees are high, but on the other hand, most buildings don't have a putting green, pool, hot tub, sauna, steam room, gym, and concierge.


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#72 Casual Kev

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Posted 28 June 2020 - 06:05 PM

The strata fees are high, but on the other hand, most buildings don't have a putting green, pool, hot tub, sauna, steam room, gym, and concierge.

 

True that, but in the face of a once-in-a-generation economic crisis there won't be as many people looking for these amenities. :P



#73 Victoria Watcher

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Posted 29 June 2020 - 06:08 AM

units here range from $609k to three listed for over $6.5m.



#74 E2V

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Posted 29 June 2020 - 07:05 AM

The strata fees are high, but on the other hand, most buildings don't have a putting green, pool, hot tub, sauna, steam room, gym, and concierge.

The very things that have caused their insurance costs to go through the roof.


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#75 Mike K.

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Posted 29 June 2020 - 07:18 AM

I believe the penthouse suite, which is still likely to be the home of the developer's widow, had a koi pond at one point within the solarium. Last I attended a function there it had been drained, and that was several years ago.


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#76 lanforod

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Posted 29 June 2020 - 07:29 AM

The very things that have caused their insurance costs to go through the roof.

 

Probably not, actually. Water leak claims are most likely from internal unit updates being done (someone drills into a pipe...) or water ingress from outside.



#77 Greg

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Posted 29 June 2020 - 07:44 AM

Probably not, actually. Water leak claims are most likely from internal unit updates being done (someone drills into a pipe...) or water ingress from outside.

 

Yeah, I don't think the pool and hot tub in the "basement" have anything to do with flooding in units.



#78 Mike K.

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Posted 21 September 2020 - 08:56 AM

David Butterfield's residence is now for sale, and on the market for the first time since the late developer and his wife moved in upon the project's completion circa 2000 or 2001 (Shoal Point was completed in phases through 2005).

 

This truly is one of Victoria's most breathtaking residences, and I had the fortune to visit this home one evening several years back. When viewing the photos you'll see a glass-encased component of the atrium floor. That was once a koi pond.

 

https://www.realtor....toria-james-bay


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#79 lanforod

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Posted 21 September 2020 - 09:00 AM

Only 2 bedrooms?



#80 Mike K.

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Posted 21 September 2020 - 09:01 AM

Yes, formally the master and a guest.

 

But that's not to say you can't convert some of the other spaces into bedrooms.


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