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The Janion development includes the full heritage restoration of the historic Janion Hotel, built in 1891, and a new-build seven storey concrete extension fronting onto the Upper Harbour.
Developer Reliance Properties introduced Victoria's first purpose-built micro-loft development at The Janion and reached a near sell-out on the first day of pre-sales.
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Commercial spaces front onto Pandora Avenue and Store Street.
Just to come out clean on a $375k purchase in 2021 (I’m using an example, I don’t know what he bought it for) he’ll have to sell for around $400k, not including inflation and a few other costs. Then there could be mortgage costs, depending on his lender and their mortgage rules. I’d say anything below $415k, and he’s losing money on the deal.
5 listings currently here.
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$395,000 to $425,000.
This one at $395,000 built themselves a "loft style sleeping space".
https://www.realtor.ca/real-estate/26120255/m05-456-pandora-ave-victoria-downtown
Experience the Elegance and Comfort of this Executive suite in the renowned Janion building That Includes Parking and Storage. This unit faces south-west and showcases breathtaking views of the Ocean, Mountain, and Harbour through its wall-to-wall windows. The interior boasts High Ceilings, and a Modern Galley kitchen with premium appliances and cabinets. The Open living space can be adapted to your preferences. The Primary has an ensuite bathroom, while the second bedroom has a flexible murphy bed/couch. There is also a Laundry area and another full bathroom. Unwind on the Bright Balcony or enjoy the building's amenities, such as the Rooftop Deck, Gym, Kayak Launch, Meeting room. This suite is situated in the Center of Downtown, near Restaurants, Shops, Entertainment, Trails, Parks, Beaches, and Transit. Bonus: All Furniture is included
892 sqft
https://www.realtor.ca/real-estate/26475050/214-456-pandora-ave-victoria-downtown
$935,000
Northern Junk, Capital Iron lands and Victoria real-estate development Q&A with Jon Stovell of Reliance Properties
Jon Stovell discusses Reliance Properties' two million square feet of local development potential.
Developer behind Janion Hotel restoration and Northern Junk proposal receives national honour
Jon Stovell of Reliance Properties has been awarded a 2019 Governors' Award by the...
Art Deco-styled Victoria office complex sold to Vancouver developer; eyed for restoration, more floors
Completed in 1940, 780 Blanshard Street served as the headquarters for the province's mid-century electrification efforts.
Symbol of Chinatown's renewal, Janion Hotel restoration nears completion
Once an unfortunate example of urban decay, the restored Janion Hotel is now viewed as a driver of Chinatown's renewal.
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