Ironworks is a mixed-use two-building, five-storey condominium and ground floor commercial development in downtown Victoria's Old Town district.
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ASE you bring up such an important subject. It's crazy how many blocks in Victoria, including very busy streets, have power lines running through them. They are an eyesore, and not the image we want to portray about Victoria to visitors. Not only that, but in many cases, BC Hydro has callously carved out huge chunks of mature trees to keep them from touching power lines. After a big wind storm the underground cables are just fine. Power poles, not so much.
Power poles can suffer damage from wind storms, but underground lines can suffer damage from flooding. And we've had plenty of incidents even in our region where we don't experience heavy rainfall but where areas flooded due to clogged drains and broken water mains.
There are benefits and drawbacks to both styles of power lines and putting lines underground in an urban setting is very, very expensive. Wikipedia says 10-14x more expensive in urban areas.
anyone could share what the going rate(asking price) per sqft for wood structure in this neighbourhood?
Thanks in advance
Ironworks launched with a starting price of $265,000 for units ranging from 325 to 571 square feet. Expect to pay more per square foot for a smaller unit than you would a larger unit.
If I were to pin a range it's $750 - $850 in today's market. Units below $450k are in the highest demand due to investment potential, first-time buyer incentives and affordability.
450k can get quite bit choice in the older buildings.
Thank you Mike
There may be lots of construction cranes above city streets, but not all projects have available pre-sale condo inventory. Find out what's still selling and what's coming soon.