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Posts tagged ‘rental’

Secondary Suites in Sooke – Input Needed!

A Basement Suite (complete with The Sopranos on TV)

The District of Sooke is currently investigating the secondary suites issue, and is looking for feedback from residents about suites. At issue is the potential for legalizing secondary suites (also known as basement suites or apartments) in more zones in the District. Currently, suites are only allowed in dwellings on lots with a certain zoning applied to them.

Despite this fact, many property owners in Sooke have created secondary suites to rent out to help with the mortgage, or generate revenue. As the District isn’t in the business of evicting tenants, they’ve for the most part let it slide. It only makes sense for them to regulate and control all suites in the district, allowing them to ensure first that they are properly constructed and safe for habitation, and to collect extra revenue to recoup the additional strain on municipal resources such as sewage, fire, and police services.

Secondary suites are essentially the main type of rental housing in Sooke. There are very few purpose-built rental apartments, and many of the privately-owned condos are subject to rental restrictions. This has become the case in many municipalities in the greater Victoria region, as financial incentive for a developer to build rental apartments has been virtually non-existant since the 70s – instead, they opt to build and sell condos.

Visit the District Of Sooke’s web site to take the survey on secondary suites, and ensure your voice is heard.

Got an opinion on secondary suites? Post a comment and start the discussion!

Tim Ayres – Sooke Real Estate Professional

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Sooke Harbour Resort and Marina – Recreational Ownership Opportunities

Sooke Harbour Resort and Marina

Sooke Harbour Resort and Marina - photo by Jason van der Valk

Sooke Harbour Resort and Marina is a beautiful oceanside resort development located in the heart of Sooke, British Columbia. Sooke is a small seaside community on the southwest tip of Vancouver Island, about a 45-minute drive away from Victoria.

The development was completed in 2006, and since then, 70% of the project has been sold. The developers recently engaged the team at Royal LePage Coast Capital Realty in Sooke to market the remaining units. They felt that our local representation and the strength of the MLS® would be the key to getting the rest of the project sold.

IMG_7524

The Resort is unique in Sooke in that you can own a whole unit, or choose a fractional ownership option of one quarter or one eighth share, depending on your budget and your needs. I currently hold the listing for unit 145, which is for sale at an amazing price of $399,900. I can also sell quarter shares at $125,000, or eighth shares at $64,000. Fractional ownership is whole ownership of a part of the property. It is not the same as timeshare. With timeshare, you do not own anything and are not registered on the title to the property. With fractional ownership, you are the registered owner of the property, along with the other owners. An agreement is put in place for use of the property, and there is a rotation ensuring that each owner gets his or her share of prime time in the unit.

IMG_7532All the units at Sooke Harbour Resort and Marina come fully furnished and equipped, and have an on-site management team who will take care of all maintenance, interior and exterior. You simply show up to your vacation getaway, and it is exactly as you left it before. If you wish, you can also place your townhouse in the rental pool, and earn income when you’re not using the property!

Unit 145 has stunning panoramic views of Sooke Harbour and Basin, the Strait of Juan De Fuca, and the Olympic Mountains. It has about 1140 square feet of luxury living space, two balconies, two bedrooms and two full baths. The floor plan is well thought out and functional.

Sooke Harbour, looking towards Whiffen Spit and East Sooke

Sooke Harbour, looking towards Whiffen Spit and East Sooke

Salmon and halibut fishing is outstanding in Sooke, and this year has so far been the best in recent memory. Sooke fishing charters can be arranged right from the comfort of your vacation getaway home, or launch your own boat from the ramp. Book a scenic and exciting tour with a local Sooke whale watching company, right on site. Kayak rentals are also available, to explore the placid waters of the Harbour and Basin. Be sure to check out the new photo art gallery by local photographer and graphic designer, Jason van der Valk of Discover Sooke.

This is truly a great opportunity for an easy, accessible, and affordable vacation home or investment property. This is the only such development in Sooke, which is fast becoming the place to be on southern Vancouver Island.

Please see the listing page on my website for more information and pictures. Call me any time at 250-885-0512, email Tim@TimAyres.ca or fill in my contact form to ask questions or book your personal tour.

Tim Ayres – Sooke Real Estate Professional

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Exciting New Ocean View Condo Development for Sooke!

Late last month,  I was invited to a lunch event at the fabulous Markus’ Wharfside Restaurant to learn about two new development projects that will soon be breaking ground in Sooke.

Harbour View Center is the most exciting of the two. I’d venture to say it’s probably the most important development in the last 5 years, besides perhaps Sunriver Estates. It’s been at least a decade since the last condominium complex was built in Sooke, and I believe the market is desperate for some new, quality condos in Sooke.

The building will be located at Dover Street and Sooke Road on Sooke’s southern slope, just east of the town centre. This is an area that Council has designated as the major growth centre for the town, and for good reason. The gentle slope from Sooke Road down to Sooke Harbour is ideal for building beautiful ocean and mountain view homes and commercial space.


View Harbour View Center Location in a larger map

The development will feature 32 suites, most with spectacular ocean views. The non-view suites start at a very affordable price – $189,900 for 555 sqft, and prices range up to a very reasonable $399,900 for a top-floor, 1012 sqft ocean view unit. All units will feature 10 or 11 foot ceilings, granite countertops, hardwood floors, private balconies, and the complex will have underground parking – as yet unheard of in Sooke due to lack of storm sewers.

This is the first of what I hope are many affordable, quality condominium projects that will be coming available in the next few years. If you’ve been waiting for a chance to have a brand-new condominium in Sooke to live in, rent out, or as a vacation property, this is your golden opportunity. With only 32 units available, I’m fairly certain that this will sell out, and sell out fast.

For more information on how to register to reserve your unit, please contact me at 250-885-0512, Tim@TimAyres.ca or fill in my contact form.

Tim Ayres – Sooke Real Estate Professional

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Friday Morning Link Fest – Christmas, Etc. Edition

That’s right, folks, it’s a link fest. I don’t think I’ve ever actually done one, and I’m not sure why. I read lots of stuff online and I really should share more with you.

HMCS Rudolph: The 21st annual navy lighting contest gets underway tonight at CFB Esquimalt. Protecteur, Winnipeg and Algonquin will be part of the kick-off tonight.

Skate with Santa: Just a reminder that my office is hosting the annual Sooke Santa Skate at the SEAPARC Arena this Sunday, from 2:00-3:30. It would be great to meet some of my readers.

Go Peak to Peak: One of my favourite places, Whistler-Blackcomb is opening its brand new, record-setting Peak 2 Peak Gondola this weekend. Cruising across the valley between the two world-class mountains, visitors will sail over 3 kilometres between the towers!

Radius Victoria Rises: Like a zombie, it just keeps coming back from the dead. This time, as office space until the condo market improves.

Rental Housing Scarce: Victoria, Vernon, Kelowna, and Vancouver remain some of the tightest rental markets in Canada. The CMHC doesn’t take into account basement suites or private rentals, but nonetheless demand is there enough to drive up rents about $60 this year.

The Real Thing: One of several articles I read this morning about sales of real Christmas trees being on the increase this year. Personally, I won’t allow the fake ones in the house, but obviously that isn’t an option for some people.

Grinch Warning: The BBB warns of lots of potential Grinches out there on the Intertubes ready to steal your Christmas. Be wary of scams and use common sense! My lovely wife-to-be is not a scammer, just so you know.

8 Lives Left: After taking a spin in the washing machine, a kitten named Punkin Head Lover Bum has a perfectly reasonable fear of water.

Have fun this weekend, I can’t wait to get my tree!

Tim Ayres – Sooke Real Estate Professional

Your comments are welcomed and encouraged!
Just use the form or link below this post.

You can bookmark this post using the button below,
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