If you’re already a part of the monthly NPH Newsletter, then you know we feature strata developments every month.
Pre-sale opportunities can be a fantastic way to get into the market.
Because pre-sales often have completion dates that are still a year or two away, the units are typically offered at a lower price point than current market rates, making them a more affordable option for people who don’t need to move in right away.
The upfront costs are also lower, usually only a deposit ranging from 5-10% of the purchase price, and this gives buyers a bit more time to work on their down payment and financing. We summarize the most common pros and cons of buying a pre-sale unit here.
Another pro worth mentioning, is the peace of mind that comes with the new home warranty insurance in BC.
You don’t pay any additional costs to use a real estate agent when purchasing pre-sales, and we ensure you have all the information you need to make the best decision for you; including an understanding of the clauses involved and how they may affect your unit, occupancy permits, and anything else related to the sale.
Connect with us to talk about what pre-sale opportunities may be the best fit for you: call or text 250-634-2141 or email [email protected].
Here are some of the developments we featured this past year:
The Scene
“Living without limits”
Neighbourhood: West Shore, Langford
Estimated Completion: 2025
Developer: Jagpal
The Scene will consist of one 24-storey and one 18-storey tower on the 2700 block of Scafe Road; the two tallest towers in Langford upon completion.
The buildings will be steel and concrete construction with West Coast contemporary architecture.
Residents will enjoy the thoughtfully curated amenities, including a concierge service, fitness centre, dog washing stations, children’s playground, and beautiful common spaces inside and out that can be reserved for functions and meetings.
The Scene is one of two developments currently participating in the Langford Attainable Home Ownership Program.
Sapphire at Westbay Quay
“Victoria’s Oceanside Neighbourhood”
Neighbourhood: Esquimalt, Victoria
Estimated Completion: 2023
Developer: Tenfold Projects
Westbay Quay is a steel and concrete development of 85 beautiful condominiums in Esquimalt.
A five-storey and two-storey building, Westbay Quay includes a progressive commercial space, with renowned waterfront dining, along with 15,000 sf of planted pathways and landscaped green spaces that will provide easy access to the Head Street retail district.
Designed by Hillel Architecture, Westbay Quay features environmentally conscientious interior design, including energy efficient central natural gas hot water boilers, smart technology programmable thermostats to reduce electricity usage, Low-E double glazed thermally separated windows, and Alkaline water treatment and filtration systems.
Mod
“Mod is the culmination of an enduring desire to create an iconic building”
Neighbourhood: Harris Green, Victoria
Estimated Completion: 2023
Developer: Sakura Project Management, contracted by Axio Builders
Mod will be a steel and concrete building, in between the View and Fort Street block on Cook Street, in the beloved Harris Green neighbourhood.
The architect, NSDA Architects, designed Mod to convey a floating effect by strategically recessing the commercial and fourth floor.
Here, you are surrounded by all of what Downtown Victoria has to offer. Overlooking the heritage neighbourhood of Rockland and Cook St. Village, it is unlikely taller buildings will obstruct Mod residents’ view of the ocean.
Marson Elk Lake
“Live the lakeside lifestyle you’ve always wanted with the convenience you can’t live without.”
Neighbourhood: Royal Oak, Saanich
Estimated Completion: 2025
Developer: Mike Geric Construction
Marson at Elk Lake – this elegant collection of homes will be built by Mike Geric Construction, an award-winning developer with more than 50 years of experience building in Greater Victoria, leading with thoughtful and sustainable design.
At Marson at Elk Lake, residents enjoy life next to Elk and Beaver Lake, while being only a 15-minute drive away from Downtown Victoria.
This development was intentionally designed to celebrate the surrounding forest. Marson incorporates energy-efficient design, alternative transportation, lush landscaping, and natural water features.
There is a mix of one, two, and three bedroom homes available that will include fantastic amenities, such as a fitness centre, e-bike ride share program, and rooftop patios.
The Ferrell
Coming to 1544 Christmas Avenue
Neighbourhood: Mount Tolmie, Saanich East
Estimated Completion: 2024
Developer: ALT Construction
The Ferrell will be a four-storey, 24-unit multifamily development in the coveted Saanich community.
With close proximity to the University of Victoria, this wood frame building is a mix of studio, 1-bedroom, and 2-bedroom condos – perfect for investment properties or first time buyers.
This environmentally-focused building fits snugly into the Shelbourne Valley Plan, with multi-bike EV charging stations and all parking stalls pre-wired for EV charging.
Central Block
“Live life in full colour”
Neighbourhood: Esquimalt + Gorge, Victoria
Estimated Completion: 2025
Developer: Abstract
Surrounded by green space and steps away from the Gorge Waterway, this 99-unit building nestled in Esquimalt offers the best of both: a convenient location with grassy fields and water views at your front door.
Central Block will include commonspace rooftop patios, an amenities room, and gardens to support a sense of community among residents.
Abstract is also offering a dozen palette combinations between two interior base palettes and six accent colours – to ensure you feel like your unit was built just for you.
Willow + Glen
“Urban by Nature”
Neighbourhood: Walfred, Langford
Estimated Completion: 2024
Developer: Abstract
The Willow + Glen community will be a mix of 3-bedroom and 4-bedroom townhomes in the heart of Langford (2621 Sooke Road).
These homes will be nestled between the urban amenities and outdoor activities that are characteristic of Langford’s best-of-both-worlds lifestyle. Walking distance to Glen Lake, the Galloping Goose Trail, and the shops and services at Belmont Market.
We recently visited the Willow + Glen show suites, and their contemporary design is beautiful, with two colour palettes to choose from: Mist and Moss.
ELIZA South
“The oceanside life you imagined”
Neighbourhood: Royal Bay, Colwood
Estimated Completion: 2024
Developer: PCRE Group
ELIZA South is an oceanside development featuring West Coast modern architecture, located along the West Shore waterfront in the vibrant Royal Bay neighbourhood.
This collection includes 59 homes, designed by internationally-recognized architects, Rositch Hemphill. Buyers may choose from two colour palettes, Seaside and Summit, with quartz countertops and matte black fixtures.
Every home is equipped with air conditioning and amenities include a fitness centre, rooftop patio, lounge, and community vegetable garden plots. Plus, you are walking distance to The Commons, which has a Quality Foods, Cascadia Liquor store, and a variety of retail and dining options.
Let us work for you: call or text 250-634-2141 or email [email protected].
Thank you for being here,
Alex Hughes* and Ricki-Lee Jewell, Victoria, BC Real Estate Agents
*Personal Real Estate Corporation
