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APPROVED
Capital Park Residences
Uses: condo, townhome
Address: 500-block of Michigan Street
Municipality: Victoria
Region: Urban core
Storeys: 5
Condo units: 106 (1BR, 2BR, 3BR, penthouse, 1BR + den, 2BR + den, 3BR + den)
Sales status: in planning
A boutique collection of sophisticated, concrete built 1-3+ condominium homes, steps to Victoria’s Inner Har... (view full profile)
Learn more about Capital Park Residences on Citified.ca      Official website: capitalparkvictoria.com
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[James Bay] Capital Park Residences | Condos, townhomes | 5-storeys | Approved


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19 replies to this topic

#1 Mike K.

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Posted 28 June 2018 - 09:48 AM

Capital Park Residences is the latest residential offering at Jawl Properties' and Concert Properties' Capital Park development in James Bay.

 

The thread on the office and rental component of the project can be found here: https://vibrantvicto...r-construction/

 

Capital Park Residences will be comprised of 106-units of condominiums in 1BR, 1BR + den, 2BR, 2BR + den, 3BR, 3BR + den, and penthouse configurations, plus seven townhomes, in a five-storey design.

 

Capital Park Residences Citified profile: https://victoria.cit...s-condominiums/

 

We're still waiting on official renderings and additional project info.


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#2 Kungsberg

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Posted 28 June 2018 - 10:53 AM

 

We're still waiting on official renderings and additional project info.

Mike, aren't the 3 designs for the resident buildings already submitted and approved by the City?

See post #666 on this page, with images (taken from COV website) - 

https://vibrantvicto...ruction/page-34



#3 Kapten Kapsell

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Posted 30 June 2018 - 07:35 PM

A sales centre for this project is being set up at Q Residences on Douglas Street..,
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#4 Kungsberg

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Posted 16 August 2018 - 07:40 PM

A sales centre for this project is being set up at Q Residences on Douglas Street..,

The presentation centre is still not open yet, but a couple of these large signs were put up today on the construction site, announcing for September.

Attached Images

  • cp residences.jpg


#5 Citified.ca

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Posted 30 August 2018 - 07:50 AM

First-look--James-Bay's-Capital-Park-Residences-condos-to-launch-in-September.jpg

An artist's rendering of Capital Park Residences, a 113-residence, five-storey condominium coming soon as the final phase of James Bay's Capital Park development bordered by Superior, Menzies and Michigan streets. Capital Park Residences' sales launch is scheduled for September.

 

First look: James Bay's Capital Park Residences condo dev launches in September

https://victoria.cit...s-in-september/


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#6 Kapten Kapsell

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Posted 30 August 2018 - 02:36 PM

Pricing:

1 to 3 Bedroom + Den Condominium homes from 473 – 1,927 square feet
Priced from $469,900

2 to 3 Bedroom + Den Townhomes from 1,443 – 1,757 square feet
Priced from $1,479,900

#7 Mike K.

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Posted 30 August 2018 - 02:54 PM

That's $1,000 a square foot starting prices for both the condo and the townhome layouts.


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#8 LV

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Posted 30 August 2018 - 03:24 PM

473 square feet $469,900 

 

Ouch.  



#9 tjv

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Posted 30 August 2018 - 04:53 PM

Double ouch.  I wonder how well they will sell


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#10 MarkoJ

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Posted 31 August 2018 - 11:29 AM

>$1,000 a foot pre-sale seems to be the new norm developers are targeting in "premium" locations. As an investor not sure if I am picking these units up but owner-occupiers have always made up the majority of the pre-sale market in Victoria.


Edited by MarkoJ, 31 August 2018 - 11:30 AM.

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#11 Nparker

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Posted 31 August 2018 - 11:31 AM

...owner-occupiers have always made up the majority of the pre-sale market in Victoria.

Tell that to Sid Tafler.



#12 Phoenix88

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Posted 05 September 2018 - 05:41 AM

Any ideas on site amenities? Wonder if pricing includes parking and storage.

#13 Citified.ca

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Posted 12 September 2018 - 08:08 AM

September 11

 

Capital-Park-September-11-2018a.jpg

 

Capital-Park-September-11-2018b.jpg

 

Capital-Park-September-11-2018c.jpg


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#14 Citified.ca

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Posted 12 September 2018 - 12:29 PM

Additional renderings for the project.

 

Capital-Park-Residences-rendering-1.jpg

 

Capital-Park-Residences-rendering-2.jpg

 

Capital-Park-Residences-rendering-4.jpg

 

Capital-Park-Residences-rendering-e.jpg


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#15 songheesguy

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Posted 15 September 2018 - 02:06 PM

Just got back from the preview event and it was quite disappointing. I expected much more seeing it has been promoted as an upscale/ luxury project. The sales lady said it is electric baseboard heat with no A/C but I don't think that's right... at least I hope not. Also glass cook top stove WTF luxury without gas or induction seriously. Standard cabinetry but the counters were a nice quartzite that looked like marble. The display suite was weak. The 3D experience is definitely not as good as looking at an actual model to get an idea but whatever. The prices seem high at $1,000/ sqft + GST in this market but it seemed like some serious buyers there most mid 60's average. 


Edited by songheesguy, 15 September 2018 - 02:11 PM.


#16 Casual Kev

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Posted 15 September 2018 - 09:05 PM

Just got back from the preview event and it was quite disappointing. I expected much more seeing it has been promoted as an upscale/ luxury project. The sales lady said it is electric baseboard heat with no A/C but I don't think that's right... at least I hope not. Also glass cook top stove WTF luxury without gas or induction seriously. Standard cabinetry but the counters were a nice quartzite that looked like marble. The display suite was weak. The 3D experience is definitely not as good as looking at an actual model to get an idea but whatever. The prices seem high at $1,000/ sqft + GST in this market but it seemed like some serious buyers there most mid 60's average. 

 

No forced air heating or central A/C seems weak for an upscale project, but James Bay is also palpably milder than the rest of Victoria.


Edited by Casual Kev, 15 September 2018 - 09:06 PM.


#17 Kapten Kapsell

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Posted 16 September 2018 - 03:43 PM

Concert always does a good job, I don’t imagine they will have trouble selling the homes.

#18 sdwright.vic

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Posted 16 September 2018 - 03:46 PM

And we get to call everything luxury now a days...
Predictive text and a tiny keyboard are not my friends!

#19 Phoenix88

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Posted 16 September 2018 - 08:02 PM

Concert always does a good job, I don’t imagine they will have trouble selling the homes.

 

Seems that way, this quality and location are hard to beat. It won't be for everyone though.

 

No forced air heating or central A/C seems weak for an upscale project, but James Bay is also palpably milder than the rest of Victoria.

 

I thought I read somewhere online that units have central heat, but only penthouses in the middle building and townhouses will have a/c. I work pretty close to the presentation center so I will try to ask tomorrow.



#20 Bob Fugger

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Posted 17 September 2018 - 08:56 AM

We used to firmly be of the camp that you really only need AC in Victoria for a few days a year. Extensive renovations on Casa de Fugger saw us removing all of our baseboard heaters and adding zoned venting, an electric heat pump and a natural gas furnace backup.

 

Just before the first hot spell of the year, I called our HVAC consultant at West Bay (who did a marvellous job sizing and installing the system) to see the best way to use the system.  He said to fire the system up at least the night before, so that all of your possessions (e.g., furniture, mainly) cool down and stay that way.  And then to set it at one level for all of the time (no bringing it down while we are away at work) and then fuggedaboutit.  We did - the house was an amazing temperature all summer.  The heat pump was going near constant and so I was getting nervous about the hydro bill.  Turns out the difference between the previous two month period and the two month period where I ran it 24/7 was the princely sum of FIVE DOLLARS for a bill that ended up being less than $100 anyway (all of our appliances are natural gas except for the dryer)!  I couldn't believe it.

 

In the winter, the heating was about the same - ran it way warmer than we used to run it via baseboard and the bill was under $100.  Now, it was an almost $20k outlay (minus $2k in Costco gift cards that we were rebated, as we booked through them), but my winter bills were in the $400-500 range (bi-monthly).  That is a helluva ROI for such a major purchase and is a real game changer.  I won't live and would be hard pressed to stay anywhere without a system like this.


Edited by Bob Fugger, 17 September 2018 - 08:57 AM.

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