Abstract Developments’ return to Saanich’s Shelbourne Valley following the successful sell-out of its Fifteen88 condominiums will deliver 87 homes in junior one-bedroom through two-bedroom residences in a six-storey modern building, Citified has learned.

 

Dubbed Oak & Stone, the project (see website) will rise along the 3200-block of Shelbourne Street at McRae Avenue near both the University of Victoria and Camosun College campuses, connected by high-frequency transit routes to downtown Victoria, and only steps from the Hillside Centre shopping mall.

 

“Now in its final phase of previews, Oak & Stone has garnered an exceedingly high level of interest among buyers who are searching for urban homes in Victoria close to post-secondary institutions, and in an established, retail-rich walkable community,” says Jessica Russel, Sales Manager at Abstract Developments.

 

Abstract’s latest investment is one of several planned for the Shelbourne Valley by the Victoria-based builder-developer. Shelbourne Street from University Heights Shopping Centre to North Dairy Road at the Saanich-Victoria border has been earmarked by the District of Saanich as a high density, high growth area central to the Capital’s employment, entertainment, shopping and education nodes, and represents a strategic focus for Abstract’s future roster of homes, Russel tells Citified.

 

Geared towards first-time buyers, the investor market and end-users valuing a car-lite lifestyle with shopping and recreational amenities nearby, Oak & Stone is a unique offering to the Valley, big on interior design, quality finishings and efficiencies sought by urban homebuyers targeting a perfect entry into Victoria’s desirable real-estate market.

 

“We are encouraging potential purchasers who may be interested in exploring the layouts at Oak & Stone to book an appointment and preview the homes before the sales campaign begins, after Thanksgiving,” said Russel. “We knew there was pent-up demand for homes in the Shelbourne Valley, but to see a market response as strong as it’s been signals a community like Oak & Stone is highly responsive to today’s needs.”

 

Although Abstract is not revealing finishing details and features of the building just yet, the company says its newly completed condominium on Hillside Avenue at Cook Street known as Sparrow, and the recently underway Central Block and Cadence condominiums on Tillicum Road in Esquimalt and on Quadra Street in Saanich, respectively, are hints of what’s to come at Oak & Stone.

 

“With every Abstract community, we strive to be market leaders, with interior design and material choices that are at the forefront of condominium living, and Oak & Stone builds on over 20 years of Abstract’s commitment to thoughtful design and robust construction standards,” Tavish Rai, CEO at Abstract Developments, said, adding that “from a new-build standpoint, Oak & Stone will raise the bar for the Shelbourne Valley, as this area of Victoria’s core undergoes densification and grows into a trend-setting neighbourhood for Saanich.”

 

While the market awaits Abstract’s amenity unveiling and more project details, what homebuyers can expect from Oak & Stone’s Shelbourne Street location are plentiful transit services via routes connecting shopping centres and various points throughout the region. The transit connectivity from Oak & Stone makes for streamlined transport for students requiring access to UVic and Camosun, and for residents connecting to Victoria’s downtown core, multiple employment hubs in the region, and shopping.

 

Nearby retail includes Hillside Centre’s newly opened Walmart Supercentre and Canadian Tire stores, along with the mall’s wide range of retail services. Retail plazas along Shelbourne Street add more amenities, such as a Fairway grocery store, a Thrifty Foods grocery store, multiple cafes and coffee shops, restaurants, take-out diners and ethnic food options.

 

University Heights Shopping Centre, just a short bus ride to the north from McRae Avenue, is currently undergoing a significant redevelopment into modern retail and commercial spaces expected to open in 2025.

 

To be among the first to preview Oak & Stone, connect with the Abstract home sales team by viewing the Abstract website here, or by dropping by the Abstract Home Store at 3198 Douglas Street at Tolmie Avenue.

 

To learn more about Abstract’s underway projects, like Central Block in Esquimalt, now selling, and the nearly sold-out Cadence on Quadra Street, view the company’s portals for Central Block here, and Cadence here. C

 

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