27 new rental apartments in Mayfair area approach completion

New rental housing in Saanic completes on November 1, 2019.

1
55

In December 2017 Saanich city council approved the development permit for this project. Four floors, twenty-seven units. Aryze and Purdey Group agreed to a covenant that prevents the building later becoming condos. Unique features include 68 solar panel installation and built-green silver.

Chord by Aryze is now renting for November 1, 2019. The 27 units range from studio to two-bedroom units, and are purposely larger than the market standard. There are 27 surface parking stalls on-site. Devon Properties is handling the lease up and on-going management of the property.

Previously 2 single family homes zoned for apartments

Time lapse of the demolition video here.

3216 Alder Street

3218 Alder Street

$600,000 – 2016/02/26
~8,600 sqft lot
2bed/1bath bungalow

$600,000 2016/02/26
~8,600 sqft lot
2bed/1bath bungalow

The cost was $1,200,000 for the 1,597sqm/17,190sqft site. Based on the plans for a 1.20 FSR the land traded at a cost of $58/buildable sqft.

The architect was Low Hammond. Developed by Aryze.

1 COMMENT

Leave a Reply