Sparrow offers a distinct collection of intelligently designed 1 & 2 bedroom homes in Victoria's vibrant Oaklands Neighbourhood, minutes from the city’s most charismatic places and experiences. Fusing stylish urban form and function with exceptional quality, you’ll be proud to call Sparrow home.
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The proposal includes two live-work residences.
There’s some benefit to 2BRs, too, like a typical dual income scenario (less likely to have tenant issues due to finances) and you also have parking to use as a great perk or a detached income stream.
There are so many assumptions in your scenario that you're twisting to make the 2 bedroom seem better. C'mon. Apples to apples here. If you're buying parking with the 2 bedroom, you buy parking with the 1 bedroom. etc. (if you don't buy parking with the 1 bedroom, it's cheaper).
Parking is included with the 2BR at Sparrow, but few developments in the core will even offer parking (as in you can’t buy it if you try) with anything sized below a 1BR+den.
Sparrow has 24 stalls and 49-units and I *think* several are allocated to commercial units on the ground floor.
If you have general questions about investment we can have this conversation in another thread, too.
^ thats all fair. I don't think your statement about cash purchase best investment is a 2 bd was restricted to Sparrow (and if it was, thats moot as there are no 1 bd left). Anyways, we have other threads on best options for investment condos, certainly. Covid has changed things a little WRT demand for 2 bd, but I don't think thats permanent.
I was trying to suggest a 2BR investment at Sparrow is not something to discount, as the market has definitely changed since 2020. I also think having cash for a purchase makes a big difference in flexibility as mortgaging a 2BR at 80% or more can typically leave less cash flow wriggle room than mortgaging a 1BR relative to rental rates. You know the drill.
Over 70% sold-out, the Oaklands condominium project big on car-free lifestyle options is ramping up for its spring sales campaign.
Sparrow condominium dev launching second phase of sales with BC Housing-backed first-time buyer incentives
Abstract Development's latest offering, the 49-suite Sparrow on Cook Street at Hillside Avenue, launches its second sales release this weekend.
Victoria council approves affordable condo and rental devs, but sends Northern Junk project back to drawing board
Over 200-units of housing were approved by the City as Northern Junk proposal enters second decade of planning.
50-unit condo eyed for Cook Street at Hillside Avenue earmarked for a 16-unit affordable homeownership component.