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Colwood's oceanside Royal Bay development unveils first pre-sale condo offering, Eliza

A rendering of Eliza's rooftop deck, an expansive amenity area atop the four-storey condominium pre-sale now selling at Colwood's Royal Bay development. The one and two-bedroom project will also feature amenities at ground level, and within the building.  PCRE Group

Colwood's oceanside Royal Bay development unveils first pre-sale condo offering, Eliza
Mike Kozakowski, Citified.ca
Colwood’s newest oceanside condominium community is nearing its public home release in the master-planned neighbourhood of Royal Bay, which follows several years of single-family and townhome development activity at the West Shore subdivision, Citified has learned.
 
Known as Eliza at Royal Bay, the inaugural condo pre-sale is comprised of 58 one and two-bedroom homes featuring views towards downtown Victoria, the Salish Sea, and Washington State’s Olympic Mountain Range (view the project website). Finishings include two-toned designer custom cabinetry, matte black faucets and hardware, plus the convenience of air-conditioning in every home. Eliza's presentation center will open at Royal Bay, at the intersection of Ryder Hesjedal Way and Latoria Road.
 
Neil Blainey, Director of Projects at Victoria-based Island Realm Real Estate, says Eliza’s entry onto the south Island’s condominium market comes at a time when demand for suburban multi-unit living is at an all-time high, with purchasers placing big value on a walkable lifestyle with amenities, views and access to nature.
 
“The response to Eliza’s pre-sale campaign has been tremendous,” Blainey says, adding that the Island Realm Real Estate team is "eager to launch Eliza" following a summer marketing campaign that showed positive demand.
 
“A shift towards suburban condominium offerings means buyers are searching for non-urban locations more than ever, but they also place high value on benefits like ocean views from their suites, proximity to modern conveniences like grocery stores and eateries, walking trails, parks and schools. Royal Bay is already known for the latter, and with construction of the Royal Bay Commons already underway, commercial amenities and the retail village is expected to be completed ahead of Eliza’s estimated occupancy period in early 2025,” Blainey continued.
 
An exterior rendering of Eliza at Royal Bay.
A rendering of Eliza, coming soon to Latoria Road at Colwood's Royal Bay subdivision.  PCRE Group
 
Upcoming retailers, Blainey says, include a Quality Foods grocery store, a Cascadia Liquor Store, and multiple tenants that will provide pharmacy, banking and food services within The Commons at Royal Bay, the neighbourhood’s first commercial area.
 
As part of its amenity package, Eliza will provide residents with a well apportioned rooftop deck with a fire pit and barbecue grill, while at ground level, residents will enjoy a large green space with picnic tables and a community vegetable garden. Inside, a lounge and amenity space will be built, as will a convenient fitness centre.
 
Parking will be available with every home in a secure underground parkade. Residences will also include storage space and a bicycle locker.
 
Eliza developer PCRE Group, which has been at the helm of Royal Bay’s growth from day one under its subsidiary homebuilding firm GableCraft Homes, considers Royal Bay as a premiere residential draw on Vancouver Island, and it carries the distinction as the company’s largest project in British Columbia.
 
“We are committed to quality that exceeds industry standards, and setting the bar ever-higher in every community we build in,” says Matthew Davis, Vic President of Development at PCRE Group.
 
“PCRE is passionate about building flourishing communities, and our new homes at Royal Bay take full advantage of the unparalleled location considered to be one of the most stunning locations in all of Canada. Eliza, for us, is a celebration of this quintessential West Coast setting, in one of the most desirable parts of Greater Victoria, and we are excited to be introducing condominium homes to the Colwood waterfront.”
 
In terms of pricing, Eliza’s one-bedroom suites will be available from the mid-$400,000s, while larger two-bedroom layouts will be priced from the low-$600,000s. Homes will be sized from just under 600 square feet to over 1,000 square feet, not including outdoor terraces and balconies.
 
Blainey anticipates construction to get underway this fall, yielding a completion target for early 2025.
 
To learn more about Eliza, the public can visit the project’s presentation centre at 3567 Ryder Hesjedal Way Tuesday-Sunday from 12-4pm  in the Royal Bay community, call 250-590-2502 to book your private appointment, or view the project’s website here. C
 
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