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Rental density to triple at Oak Bay Ave site as developer looks to replace aging complex

An artist's rendering of a five-storey, 15-unit purpose-built rental proposal for the 1800-block of Oak Bay Avenue. The project is planned to replace an aging 5-unit rental complex currently on the property.  Radnor Properties

Rental density to triple at Oak Bay Ave site as developer looks to replace aging complex
CITIFIED.CA STAFF
A 1940’s-era apartment building along the 1800-block of Oak Bay Avenue is slated for replacement, according to planning documents submitted to the City of Victoria.
 
Known as The Radnor, the five-unit, two-storey complex at the intersection of Bank Street and Oak Bay Avenue is described by project architects Low Hammond Rowe as at the “end of its serviceable life, as “energy inefficient” and “uneconomical to upgrade or improve.”
 
In its place is a proposal to erect a five-storey, 15-unit woodframe purpose-built rental with 20 underground parking stalls.
 
Units are expected to range between one-bedroom suites of just over 600 square feet to penthouses surpassing 1,300 square feet of living space. Penthouse units may be configured in the form of two-bedroom or three-bedroom suites.
 
Provided development approvals are received by the spring of 2018, developer Radnor Properties could proceed to demolition of the existing building by year’s end. Efforts to assist existing tenants with relocation to alternate rental housing will be undertaken by the firm. C
 
 

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