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Triple Crown condo dev near Costco launches 123 suites in final phase with 5% deposits, pricing from $375k

A rendering of Triple Crown's Residence III and Residence IV (at-left), the latest and final phase of condominiums at the Langford development near Costco. Residences III and IV will deliver over 120 condominiums to the West Shore's red-hot real-estate market, with a market-leading 5% deposit option and pricing from $374,900.  Triple Crown

Triple Crown condo dev near Costco launches 123 suites in final phase with 5% deposits, pricing from $375k
MIKE KOZAKOWSKI, CITIFIED.CA
Langford’s Triple Crown condominium development near Costco has unveiled over 120 modern suites in its final phase of construction as demand for West Shore housing continues to outpace supply.
 
The development team behind Triple Crown Residences III and IV – a duo of six-storey buildings coming soon to the 900-blocks of Pharoah Mews and Whirlaway Crescent at McCallum Road – is on the cusp of launching pre-sales for 123 one, two and three-bedroom homes priced from $374,900 with market-leading deposits of only 5%.
 
Residence III on Whirlaway Crescent will be comprised of 64 homes with 15 in one-bedroom configurations, 35 available in two-bedroom, two-bath layouts, and 14 in floorplans spanning three-bedrooms and two-baths.
 
Residence IV along Pharoah Mews, earmarked for a site adjacent to Residence III, will include 59 suites in a mix of 13 one-bedroom layouts, 34 as two-bedroom, two-bed offerings, and 12 in three-bedroom, two-bath configurations.
 
“The success of Triple Crown Residences I and II has fast-tracked our plans for Residences III and IV, the last phase of condominiums at Triple Crown,” said Todd Mahovlich, the project’s sales coordinator. “We are pleased to offer the West Shore’s widest range of floorplans, with attainable price points, a low deposit requirement and sought-after amenities in an accessible, highly desirable location.”
 
The upcoming phase of condominiums at Triple Crown showcases landmark-setting design attributes with an emphasis on angled exterior terraces and balconies to maximize sunlight and views. Each home will include a bright and vibrant outdoor space in-keeping with market trends emphasizing the practicality of private exteriors, while outdoor amenity spaces (on the ground level and atop the sixth floor of both buildings) will provide residents with opportunities to enjoy the morning sun.
 
Residence III will include a 1,000 square foot multi-purpose gym on the main floor, and an amenity room will be available to residents on the sixth floor of both buildings. A well-lit, convenient path will connect to amenities in Residence III from Residence IV, and the two buildings will share a community garden.
 
In terms of value, Mahovlich says Triple Crown offers 20 floorplans at price points targeted at live-in buyers or investors drawn to West Shore real-estate for its proximity to nature, access to popular shopping centres, a growing collection of recreational opportunities and a slower pace of life.
 
“What makes the West Shore condominium market so special and in-demand by purchasers of all ages is its larger homes at more attainable prices compared to what is available in the city centre, and a more laid back, nature-oriented lifestyle,” Mahovlich said. “And with our 5% deposit structure, by far the lowest of any project on the West Shore, purchasers can secure their future home with less money up front. For buyers looking to get into Victoria’s housing market for the first time, the opportunity to put down a small deposit can make a profound difference in their ability to buy their home, and for the investor market, low deposits are a top-of-mind factor.”
 
A rendering of a living room in a Triple Crown condominium.
A rendering of a living room at Residence III and IV, the final phase of condominiums at Langford's Triple Crown development.  Triple Crown
 
Parking will be in the form of an underground parkade with vehicle capacity for all suites, including one-bedroom homes. Stalls will be readied for electric vehicle charging infrastructure should the strata council pursue a connectivity program, representing potential for a future-proof amenity (still) rare among modern condominiums.
 
High-speed elevators travelling at 350 feet per minute will make suite access and quick visits to the lobby a breeze, while reducing wait times during peak periods. And the earth-friendly construction takes into consideration environmental factors important to a modern generation of housing.
 
Triple Crown’s interior finishings are attention grabbing, with nine foot ceilings throughout each open concept home, quality materials in living areas, kitchens and bathrooms, and luxury accents where they matter most.
 
High quality cabinetry is a hallmark of every kitchen at Triple Crown, where elegant styling creates a modern focal point. Premium stainless steel appliances along with gas ranges complement quartz Caesarstone counters, which are also included in bathrooms that feature spacious vanities and large mirrors.
 
Linear gas fireplaces give each living room a beautiful albeit functional detail that complements the European-styled blonde oak laminate flooring available throughout the home, save for bedrooms (where long-lasting Dream Weaver PureColor carpets are installed) and tiled bathrooms.
 
Energy-efficient ductless heatpumps come standard, and hot water is sourced through an environmentally-friendly central boiler in lieu of individual in-suite water tanks.
 
Since the sell-out and subsequent occupancy at Residences I and II, the Langford real-estate market has undergone significant change as buyers flocked to the West Shore hub amid shifts in market preferences. Suburban real-estate in particular saw demand pressures heighten, especially for two-bedroom and three-bedroom condominiums, in light of increased remote work scenarios, a desire for additional space for hobby rooms or dens, and attractive price points relative to Victoria’s core.
 
Triple Crown’s McCallum Road location, close to big-box and small-format retail destinations, saw its Residences II sell-out in 2020 and buyers have been awaiting the subsequent phase.
 
“Triple Crown’s location is at the heart of a significant transformation in north Langford, and as far as the development build-out timeline is concerned, this is still considered early days which makes Triple Crown a smart real-estate play when viewed through the lens of a medium-term horizon” says Mahovlich. “We can expect even more development throughout north Langford over the years to come, and at the gateway to all of this positive change is Triple Crown.”
 
Construction on Residences III and IV is expected to get underway this fall with completion earmarked for early 2024. Both buildings will rise concurrently and share a single strata council.
 
To learn more about Triple Crown’s latest release of condominium homes, to connect with the sales team, or schedule a private presentation centre viewing, visit the Triple Crown website here. C
 
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