STAY CONNECTED TO VIBRANTVICTORIA
WHAT'S HAPPENING ON CITIFIED VICTORIA
Website: https://theferrell.ca/
Citified profile: https://victoria.cit...errell-saanich/
TLA Developments is nearing the pre-sales launch of Ferrell, comprised of 24 condominiums in studio, one and two-bedroom layouts.
 | APPROVED Ferrell Use: condo Address: 1544 Christmas Avenue Municipality: Saanich Region: Urban core Storeys: 4 Condo units: (studio/bachelor, 1BR, 2BR) Sales status: in planning |
Ferrell is a four-storey condominium building on Christmas Avenue at Ophir Street in the District of Saanich w... (view full profile)
Learn more about Ferrell on Citified.ca
Learn more about Ferrell on Citified.ca
[Saanich] Ferrell | Condos | 4-storeys
Started by
Citified.ca
, Jun 22 2022 10:33 AM
16 replies to this topic
#1
Citified.ca
-
- Administrator
-
- 2,399 posts
- LocationVictoria, BC
Posted 22 June 2022 - 10:33 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#2
Nparker
-
- Member
- 42,889 posts
Posted 22 June 2022 - 10:46 AM
I love how this "staggeringly tall" 4-storey building is made to look shorter.
#3
Citified.ca
-
- Administrator
-
- 2,399 posts
- LocationVictoria, BC
Posted 21 July 2022 - 09:30 AM
Boutique condominium project 'Ferrell' hits the market in Saanich's Shelbourne Valley
https://victoria.cit...lbourne-valley/
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#4
Citified.ca
-
- Administrator
-
- 2,399 posts
- LocationVictoria, BC
Posted 08 September 2022 - 09:13 AM
Sales for this project are starting this weekend.
Boutique Shelbourne Valley condo 'Ferrell' launching sales this weekend; homes priced from low $300,000s
https://victoria.cit...m-low-300-000s/
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#5
Nparker
-
- Member
- 42,889 posts
Posted 08 September 2022 - 09:15 AM
I want the Will suite.
- Matt R. likes this
#7
LJ
-
- Member
- 14,108 posts
Posted 08 September 2022 - 07:48 PM
Sales for this project are starting this weekend.
Boutique Shelbourne Valley condo 'Ferrell' launching sales this weekend; homes priced from low $300,000s
What is the general amount you would put down on a not yet built project?
Life's a journey......so roll down the window and enjoy the breeze.
#8
Mike K.
-
- Administrator
-
- 90,606 posts
Posted 08 September 2022 - 09:35 PM
Usually 15%, but it can vary.
- Matt R. likes this
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#9
LJ
-
- Member
- 14,108 posts
Posted 09 September 2022 - 07:50 PM
One Bear Mountain took 10% down, non-refundable, with no performance guarantees. This project is going to take years to complete, with only 5 or 6 guys working on the project spasmodically.
Life's a journey......so roll down the window and enjoy the breeze.
#10
Matt R.
-
- Member
- 10,004 posts
Randy Diamond
Posted 09 September 2022 - 09:43 PM
What is the general amount you would put down on a not yet built project?
Mod was 5, 10 and then 15 as milestones were met.
#11
Mike K.
-
- Administrator
-
- 90,606 posts
Posted 10 September 2022 - 08:21 AM
Just to clarify, there is a caveat to the term non refundable.
Deposits are always refundable in BC so long as the developer is at fault for either not completing the project, declaring bankruptcy or changing the project following the deposit being made. The funds go into escrow. If the project flops, or the developer materially changes the disclosure statement or certain parameters are not met by the developers, that triggers your right to walk away with your deposit.
This isn’t advice, please seek guidance from a professional if you’re wanting to learn more.
Deposits are always refundable in BC so long as the developer is at fault for either not completing the project, declaring bankruptcy or changing the project following the deposit being made. The funds go into escrow. If the project flops, or the developer materially changes the disclosure statement or certain parameters are not met by the developers, that triggers your right to walk away with your deposit.
This isn’t advice, please seek guidance from a professional if you’re wanting to learn more.
- Nparker and Matt R. like this
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#12
LJ
-
- Member
- 14,108 posts
Posted 10 September 2022 - 07:48 PM
It was my understanding that because real estate was so hot when it was first selling, there were no developer requirements.
I guess we will see.
Life's a journey......so roll down the window and enjoy the breeze.
#13
Mike K.
-
- Administrator
-
- 90,606 posts
Posted 10 September 2022 - 08:54 PM
No developer requirements?
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#14
Mixed365
-
- Member
- 1,042 posts
Posted 11 March 2024 - 12:47 PM
Looks like this site got put up for sale!
Colliers is listing for $1,995,000.
For sale: 1544 Christmas Ave, Saanich, British Columbia V8P4E4 - 955692 | REALTOR.ca
“To understand cities, we have to deal outright with combinations or mixtures of uses, not separate uses, as the essential phenomena.”
- Jane Jacobs
#15
Nparker
-
- Member
- 42,889 posts
Posted 11 March 2024 - 12:55 PM
Looks like this site got put up for sale! ...
Under Court Order Sale, Colliers is pleased to present the opportunity to acquire a zoned, “shovel ready” site for a 24-unit four (4) storey multifamily project...
#16
aastra
-
- Member
- 21,870 posts
Posted 11 March 2024 - 08:49 PM
Nothing indicates a severe housing crisis quite like a stalled project to build a small apartment building on an empty lot.
- Nparker likes this
#17
Mixed365
-
- Member
- 1,042 posts
Posted 12 March 2024 - 08:29 AM
Nothing indicates a severe housing crisis quite like a stalled project to build a small apartment building on an empty lot.
Haha. You're not wrong...
They do still have the project on their website.
I wonder if they are going bankrupt (the company) or it is just this project specifically that doesn't pencil.
“To understand cities, we have to deal outright with combinations or mixtures of uses, not separate uses, as the essential phenomena.”
- Jane Jacobs
1 user(s) are reading this topic
0 members, 1 guests, 0 anonymous users
