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
Sequoia Residences hit the market: Deposits as low as 1% launch sales at Marigold Lands' final phase

A rendering of Sequoia Residences at the Marigold Lands, the final phase of a residential community in Central Saanich. The 50-suite project will appeal to downsizers and purchase-occupiers, given the level of finishings and ocean view location.  Sequoia Residences

Sequoia Residences hit the market: Deposits as low as 1% launch sales at Marigold Lands' final phase
Mike Kozakowski, Citified.ca
A legacy condominium offering with deposits as low as 1% has launched its long-anticipated pre-sale campaign in the final phase of Central Saanich’s Marigold Lands (see website), a new-build residential community near the eastern shores of the Saanich Peninsula.
 
Comprised of only 50 suites in large-sized one, two and three-bedroom configurations, homes at Marigold’s Sequoia Residences are targeted at the downsizer market, and homebuyers seeking spacious units close to shopping or natural amenities while away from the bustle of town centres like Sidney’s core and Victoria’s urban areas.
 
“Our final phase at Marigold Lands introduces what some of our previewers have already called ‘forever homes,’ designed for purchase-occupiers with a checklist that includes ocean views, professionally curated high-end interiors, generous balconies, high ceilings, heating and cooling climate control, and secure EV-ready underground parking,” says Victoria realtor Mark Rice, of Victoria-based brokerage Coldwell Banker that is handling Sequoia’s pre-sale effort.
 
Rice continues: “We’ve designed this project for residents that may be right-sizing or down-sizing from a larger home, who value the turn-key lifestyle of a condominium, and have quality-driven pre-requisites that are steering their buying decisions. And our deposit requirement is simple: any unit, at only $10,000 down.”
 
An exterior rendering view of Sequoia.
Sequoia Residences is the final phase of the Marigold Lands development on Hackett Crescent in Central Saanich, north of Victoria.  Sequoia Residences
 
In a region that is granting more market share to condominiums than ever before, quality over quantity has become a key differentiator for end-user and mature buyers who may no longer need the floor space of a single-family or townhome layout, but are driven by expectations of higher-end finishings, views and comforts which, understandably, may be of less concern for buyers of entry-level and investor-targeted product where solid bones and proximity to employment nodes are sought after tangibles.
 
At Sequoia, Rice says long-time developer partners Tim Hackett and Don Mann (of Don Mann Excavating) have struck a balance between the expectations of end-users with a deposit and price-point proposition that makes the project one of the best values in the Capital.
 
“With pricing starting at under $600,000 and $10,000 total deposits for any unit, Sequoia is such an attractive opportunity, and has an appeal that is rare for a pre-sale, let alone a pre-sale in Central Saanich where condominiums are still few and far between despite a population that is increasingly turning to downsizing options,” Rice says, adding that “the Marigold Lands location is itself a big selling feature, only moments away from the Saanich Peninsula Hospital, close to grocery stores and restaurants, great parks and walking trails, and steps from the ocean. Also, the site is easily accessible by frequent service transit to downtown Victoria, Sidney and all parts in between.”
 
Already under construction at 2520 Hackett Crescent, six-storey Sequoia is targeted for a late winter or early spring completion that aligns well for existing homeowners who wish to sell into the upcoming spring market, perennially the strongest season for home sales in Victoria. With nearly move-in ready homes, Sequoia’s one through three-bedroom layouts (including den options) won’t be held back by typical pre-sale construction timelines of two to three years.
 
The deposit, meanwhile, allows purchasers to secure a unit without having to draw down high-interest savings or rush into a home sale.
 
“Buyers can have their choice of unit, any unit, in fact, for only $10,000 down. There has never been a time when purchasing a pre-sale has been this accessible,” Rice says. “And when we say any unit is available for a $10,000 deposit, we do mean any unit, from our one-bedroom homes to the largest three-bedroom residence.”
 
As for finishings and materials, Sequoia’s lux layouts present purchasers the choice of a ‘light’ or ‘medium’ colour scheme – known as dawn and dusk, respectively – that accentuates the mill work and quartz countertops, and desirable vinyl flooring underfoot and eye-catching marble fireplace tiles. Bedrooms include high-end, plush carpeting. Expertly installed accents and finishings make every room feel complete, with lighting fixtures that themselves become design statements.
 
Top-brand kitchen appliance packages and quartz counters combine to create functional gourmet focal points in every home. Ample storage space is provided in each layout to take advantage of practical efficiencies.
 
Baths are adorned with opulent glazed porcelain flooring complementing rich millwork and glazed ceramic wall tiles. Deep soaker tubs and showers are porcelain-tiled, lending to a spa-like quality.
 
An interior rendering of a suite at Sequoia.
An interior rendering of a suite at Sequoia Residences.  Sequoia Residences
 
Expansive windows complement every layout’s over-height ceilings to create airy, welcoming rooms, and residences include spacious oversized exterior patios perfect for taking full advantage of Victoria’s mild year-round climate, with incredible views beyond.
 
The building’s resident amenities feature a rooftop entertaining area with a barbecue overlooking the San Juan Islands. Ample visitor parking is available, and residents will enjoy secure bicycle parking, and access to a storage locker.
 
One-bedroom homes are priced from just under $600,000, with layouts starting at 714 square feet. A one-bedroom plus-den option is sized at 838 square feet. Two-bedroom floorplans start at 1,069 square feet, through 1,172 square feet; two-bedroom and dens make for layouts of 1,235 square feet. A three-bedroom residence is sized at 1,432 square feet.
 
To learn more about Sequoia Residences at Marigold, view the project’s website here, or visit Coldwell Banker’s Sequoia Residences presentation centre at 3194 Douglas Street in Victoria on Thursdays from 11AM to 2PM, and on Saturdays and Sundays 11AM to 1PM. Hardhat tours of Sequoia’s construction site along the 2500-block of Hackett Crescent are available by-appointment. C
 
Receive Citified's timely real-estate news straight to your inbox. Sign up for our newsletter, and connect with us on Facebook:
 
 

© Copyright 2023 by Citified.ca. All rights reserved.

 Article resources

You may be interested in:

Major downtown Victoria rental development gets going on heels of Province announcing housing quotas

Major downtown Victoria rental development gets going on heels of Province announcing housing quotas


Comments










Projects with relevant tags

Pacific Landing at Havenwood, phase 1

3221 Heatherbell Road, Colwood
33 units,
4-storeys
condosbuilt

Chiara on the Gorge Waterway

120 Gorge Road, Saanich
24 units,
4-storeys
condoson hold