An artist's rendering of Radius at Royal Oak, a 66-suite condo-quality rental complex nearing completion along West Saanich Road in Saanich's Royal Oak community. The six-storey building is being developed to specifications and a level of interior finishing typically seen at up-market condominium projects.
Radius at Royal Oak: Condo-quality apartment rentals coming soon to Saanich
A condo-quality rental building under construction along the 4400-block of West Saanich Road and adjacent to Saanich’s Royal Oak Shopping Centre is creating a stir as it nears its spring 2019 completion, Citified has learned.
The six-storey, 66-suite one and two-bedroom Radius at Royal Oak promises to stand out among the south Island’s new wave of purpose-built rental buildings with a design mirroring an upscale condominium’s high-end finishings, top grade sound proofing, taller ceiling heights and amenities traditionally reserved for the ownership market.
The decision to pursue a rental project designed as a condominium, according to developer Travis Lee of Tri-Eagle Development Corporation, has already piqued the interest of downsizers, empty nesters and Saanich residents searching for quality rental opportunities in a market laden with mid-grade and entry-level offerings.
“What’s missing from Victoria’s new-build rental market are professionally maintained, higher-end residences that cater to the desires of individuals not necessarily interested in purchasing a condominium but who are in search of a turn-key, well apportioned apartment,” Lee says. “Our largest pool of pre-registrants are folks who no longer want the commitments that come with ownership, or who for a number of reasons would prefer renting in lieu of purchasing.” [Full article