The Row is a six-storey rental complex on Johnson Street at Chambers Street in the City of Victoria's Fernwood neighbourhood.
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Word on the street is that the whole building is being sold
that is what we suspect but why is it taking so long?
it sold last year.
SOLD 1154 JOHNSON STREET $20,500,000 $427,083 PER SUITE 48 UNITS IMAGE SOURCE: KANG & GILL
it's too bad nobody on here has connections in the building and commercial real estate industry to find out what is going on.
People aren’t talking, so there’s only so much you can do.
I’ll keep asking, though.
James Bay tenants say landlord has found rent-increase loophole
In B.C., parking and storage fees aren’t legally considered rent. But, the apartment building’s management company says these fee increases aren’t a roundabout rent hike.
“The fee increase for the parking areas has been in the works long before there was discussion about changes about the rental rate,” said Jaime Tiampo, director of Itziar Management.
“If you take a look, we haven’t changed [parking] rates on those buildings for 15 to 20 years.”
Many of the residents here live on fixed incomes, and they say the changes are unaffordable.
“It means less food! Everything that happens means less food, less prescriptions!” said Jeannie Good.
But the landlord says, as it is, he can’t afford the cost of doing business.
The Row apartment building on upper Johnson Street has conspicuously sat vacant since its fall of 2020 completion.