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UNDER CONSTRUCTION
NEST
Uses: condo, commercial
Address: 1100 Yates Street
Municipality: Victoria
Region: Downtown Victoria
Storeys: 12
Condo units: (1BR, 2BR, 3BR)
Sales status: pre-sales
NEST is a 12-storey condominium tower with ground and second floor commercial space at Yates and Cook streets ... (view full profile)
Learn more about NEST on Citified.ca      Official website: https://nestbychard.com
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[Fernwood] Nest & Haven | Condos; office; retail | 12 & 6-storeys


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199 replies to this topic

#161 G-Man

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Posted 28 October 2021 - 11:21 AM

The more people moving in the better. This area is fine and will be amazing one all of the many proposals come to fruition. The current issues will not persist long term.
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Visit my blog at: https://www.sidewalkingvictoria.com 

 

It has a whole new look!

 


#162 Mike K.

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Posted 28 October 2021 - 12:31 PM

Absolutely. Eyes and ears make a lot of difference. Everyone I know who is buying into Haven and Nest have absolutely no concerns. In five years that areas is going to look immensely different.
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#163 Barrrister

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Posted 28 October 2021 - 07:06 PM

Walk the area and decide for yourself, Lots of great areas in Victoria where you dont have to hope that maybe things will get better,  I dont have a vested interest in this area but beware of people who might be trying to sell you something,



#164 Mike K.

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Posted 28 October 2021 - 07:11 PM

What's the problem, though? In five years there will be six, maybe seven residential towers and a couple of lowrises within 100 meters of Cook and Yates streets. That's some serious density, with high-end retail spaces and a lot of pedestrian activity. And the new firehall will be opening on Johnson at Cook in 2023 within one of the towers.


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#165 Casual Kev

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Posted 28 October 2021 - 07:41 PM

The area is livable now and will be more livable as more projects come online. That's not to say it doesn't have its issues, due to the proximity to the safe injection site and variety of SROs. But the "sketch" factor from having lots of parking lots to loiter around should be reduced in the future.



#166 Nparker

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Posted 28 October 2021 - 07:44 PM

...the "sketch" factor from having lots of parking lots to loiter around should be reduced in the future.

Much depends on how many more of the "unhoused" are placed in the vicinity over the coming years.



#167 Citified.ca

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Posted 08 November 2021 - 08:16 PM

How BC Housing’s Affordable Home Ownership Program is turning Victoria renters into homeowners
https://victoria.cit...nto-homeowners/
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#168 magmazing

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Posted 19 November 2021 - 02:01 PM

Was just just looking at Haven's website. 

 

Studios start at $325,500

One bedroom start at $414,000

Two bedrooms start at $600,000


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#169 sebberry

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Posted 19 November 2021 - 02:08 PM

Was just just looking at Haven's website. 

 

Studios start at $325,500

One bedroom start at $414,000

Two bedrooms start at $600,000

 

"Affordable"


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#170 Victoria Watcher

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Posted 19 November 2021 - 02:23 PM

The prices are all 10% higher to match the program input.
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#171 victoriahomefan

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Posted 19 November 2021 - 03:23 PM

The prices are all 10% higher to match the program input.

 

The prices were set by BC Housing, not the developer. 



#172 Mike K.

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Posted 19 November 2021 - 03:40 PM

They are quite low, related to comparable offerings. $325,000 starting point is lower than what you'll find on the West Shore as a starting point.


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#173 Victoria Watcher

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Posted 19 November 2021 - 03:47 PM

The prices were set by BC Housing, not the developer. 

 

Even worse.  Government sets prices now?   Maybe they pumped them up 20% then.

 

How about people just buy stuff they can afford?  Rather than my tax dollars "helping" them buy more expensive stuff?

 

Here is a 749 sq. ft. 1br condo for $329k.

 

https://www.realtor....anich-rudd-park


Edited by Victoria Watcher, 19 November 2021 - 03:55 PM.

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#174 magmazing

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Posted 19 November 2021 - 05:53 PM

They're sold at the assessed value set by an appraiser. 



#175 Mike K.

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Posted 19 November 2021 - 06:04 PM

Even worse. Government sets prices now? Maybe they pumped them up 20% then.

How about people just buy stuff they can afford? Rather than my tax dollars "helping" them buy more expensive stuff?

Here is a 749 sq. ft. 1br condo for $329k.

https://www.realtor....anich-rudd-park


What’s the monthly strata fee? What’s the likelihood of special assessments? What engineering reports have been undertaken?

There’s a lot more that goes into a purchase qualification than the price.

Besides, the buyers at Haven are going to pay the government equity back.

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#176 Victoria Watcher

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Posted 19 November 2021 - 06:19 PM

What’s the monthly strata fee? 

 

$315.87.  Less than Haven will be (1104 sq. ft. at the Wade is $546).


Edited by Victoria Watcher, 19 November 2021 - 06:25 PM.


#177 sebberry

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Posted 19 November 2021 - 06:23 PM

$315.87.  A lot less than Haven will be.

 

That's a 47 year old building with 47 year old building problems. 


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#178 Mike K.

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Posted 19 November 2021 - 06:25 PM

Haven is not The Wade, though.

When will your listing require a new roof?

How about new perimeter drains?

What about window replacements?

You really can’t compare a 50-year project like the one in your link, to a new-build.

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#179 Victoria Watcher

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Posted 19 November 2021 - 06:27 PM

I know.   And of course I have nothing against Chard and his product.

 

I'm opposed to the government program when there are less expensive (less desirable, sure) options all over town.  What gap are we filling?   



#180 Mike K.

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Posted 19 November 2021 - 06:29 PM

The gap where a young or first-time buyer can’t save $70,000 to buy into the market, and qualify under the federal government’s stress test mortgage environment.

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