Citified is the most comprehensive resource for researching a new-build home or commercial space in metro Victoria and southern Vancouver Island.
Victoria Change City
$68 million in affordable housing earmarked for Sooke on Victoria's West Shore

An aerial view of Sooke's town centre, looking southwest. Marked in blue are parcels acquired by BC Housing for the purposes of constructing nearly 250-units of affordable rental apartments in four buildings.  Google/Citified.ca

$68 million in affordable housing earmarked for Sooke on Victoria's West Shore
MIKE KOZAKOWSKI, CITIFIED.CA
Updated on November 6, 2020
 
244-units of affordable rentals will start construction in the West Shore suburb of Sooke this year as part of the Capital Regional District’s (CRD) Regional Housing First Program, Citified has learned.
 
Working with the CRD and M'akola Development Services, BC Housing has acquired multiple parcels in Sooke’s town centre for the purposes of building four rental complexes slated for occupancy between 2021 and 2022.
 
Two five-storey residences totalling 170 homes will be constructed along the 6400-block of Sooke Road at 2075 Drennan Street on 3.5-hectares of land across two properties.
 
Completion of the two-phased project is earmarked for 2022 or 2023.
 
A stone’s throw from Drennan Street near the intersection of Throup Road and Charters Road, a 1.5-hectare site at 2170 Charters Road has been acquired for a 75-unit rental complex comprised of eight accessible units, 15 provincially-assisted units and 60 affordable suites, 36 of which will be priced at near-market rates. Completion is planned for 2022.
 
The total budget for both projects is $68,340,000, or $280,082 per residence, with just over $11 million contributed by the CRD. An agency or agencies tasked with managing the rentals have not been selected, and final building designs have yet to be publicly unveiled.
 
Both sites will target individuals, families and people experiencing homelessness with a mix of suite sizes and accessibility options.
 
The provincial government’s efforts through BC Housing to rapidly increase the availability of affordable rental homes in the Capital Region have yielded multiple property acquisitions since 2015 that include hotel conversions into apartments or low-barrier housing facilities (including the Super 8 Hotel on Douglas Street), the purchase of newly completed market-priced rental buildings re-positioned as affordable housing, and real-estate development efforts such as the Sooke projects.
 
BC Housing’s and the CRD’s plans under the Regional Housing First Program are expected to yield 494-units of affordable housing in Sooke and Langford across four projects, 250 of which will rise in Langford with occupancy slated for 2021. An additional 132-units were recently completed along Millstream Road at Treanor Road in Langford, and 72 are earmarked for Victoria at 210 Gorge Road East. Completion of that project is planned for 2020 or 2021, pending municipal approvals.
 
The upcoming Sooke buildings are in addition to the Knox Centre, a 42-unit affordable housing project nearing completion on Church Road at Wadams Way, and a recently completed mixed-use affordable rental and retail complex along the 6700-block of Sooke Road. C
 
Receive Citified's timely real-estate news straight to your inbox. Sign up for our newsletter.

 

© Copyright 2019 by Citified.ca. All rights reserved.

 Article resources

You may be interested in:

Construction of Rockland's Bellewood Park condominium and townhome project gets underway

Construction of Rockland's Bellewood Park condominium and townhome project gets underway


Comments








Projects with relevant tags

Beacon Arms

505 Quadra Street, Victoria
6-storeys
rentals, townhomesunder construction

Colwood Corners, building 10

Jerome Road, Colwood
6-storeys
rentalsapproved

Heron View, phase 1

6995 Nordin Road, Sooke
22 homes
townhomesbuilt