Max Tomaszewski shows off the model of a new condo development on Cook Street. The project offers European-stlyle living in downtown Victoria.

New development boasts zero-down offer

For Max Tomaszewski, president of the Amadon Group–Westwater Projects, the project is far more than another condo development.

The well-known medical arts building on Cook Street, between Johnson Street and Pandora Avenue, is about to undergo a transformation that will see it converted into a European-style, 102-unit condominium complex, but for Max Tomaszewski, president of the Amadon Group–Westwater Projects, the project is far more than another condo development.

Tomaszewski wants to make home ownership possible for people who are finding it hard to reach that down payment threshold.

“I remember what it was like,” said Tomaszewski. “I had a good job and a family and I wanted to buy my first house, but there was no way I could get together a down payment for the longest time. I want to help people in that situation.”

His solution is a competitive pre-sale purchase incentive that will allow buyers to enter the market with no down payment.

Potential buyers will be able to secure a unit with no money down by making interest free monthly payments now which will add up to five per cent of the value of their selected unit. When the project is completed at about Christmas of 2018, buyers will be able to apply those funds to the purchase price and enter into a regular mortgage situation on their unit.

“It can be frustrating to people who just can’t seem to get into their first home when, despite a good job, they just can’t get that down payment,” he said.

It’s an opportunity that caught the attention of Jeremy Evans. He’s been looking for a place of his own for just over a year and, despite being employed and saving some money by presently living with his parents, the challenge of raising the lump sum down payment required for a home purchase has been daunting.

“I heard about this offer and it sounds really amazing,” said Evans, adding he hasn’t yet decided to take the plunge into purchasing a unit, but he’s very interested.

“I love the location and the quality of life this development seems to be offering.”

Beyond offering the financing opportunity, Tomaszewski said he’s proud of the livability of his projected complex.

The Wade project, named for the original architect of the medical arts building John Howard Wade, will offer units ranging from 366 to 1,220 square feet. The four storey building will have a central courtyard, complete with its own orchard. Each unit will also be assigned a rooftop garden space where wildflowers, herbs or vegetables will be grown by virtue of a specialized water system for irrigation.

To complete the picture, Tomaszewski has included a rooftop sauna and an apiary to house bees to help pollinate the orchard and gardens.

“It’s a low-rise, European-style community that emphasizes health and wellness in every aspect of the plan,” explained Tomaszewski, adding he could easily have gone to a 10 or 12 storey complex, but doesn’t believe that quality of life should suffer in the interests of maximizing size.

“We’ve had our neighbours come in to thank us for keeping our project at the four story level. They were afraid we’d be blocking their sunlight and their view, and are very pleased with our plans.”

For more information on the project visit thewade.ca.

 

 

Just Posted

Beach Boys’ Brian Wilson set to hit Rock the Shores stage

Other acts include Bahamas, Allen Stone and Bedouin Soundclash

Croatia loses in World Cup final, Victoria fans still jubilant

“We’re just a small little country, we only have 4.5 million people, and look how far we’ve come.”

France doubles up Croatia 4-2 to win World Cup

Played in Moscow Russia, latest Fifa World Cup marks the highest scoring final since 1966

Fire at Christie’s Carriage House Pub on Fort Street

The fire was caused by rags in a dryer

Park ambassador pilot going well at Mount Doug

Dog poop bags, litter and cigarette butts among ongoing park issues

REPLAY: B.C.’s best video this week

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

5 things to do this weekend around Victoria

The sounds of summer Rock the Shores returns to the lower fields… Continue reading

Former NHL goalie Ray Emery drowns in Lake Ontario

Police say the 35-year-old’s death appears to be a ‘case of misadventure’

Air quality statement warns of smoky air for Kamloops area

Environment ministry says area on north side of Thompson River may be affected by wildfire smoke

Pussy Riot claims on-field protest at World Cup final

Russian protest group claimed responsibility after four people ran onto field in police uniforms

Fans party on Montreal streets after French World Cup win

To city is home to nearly 57,000 French nationals

LOCAL FLAVOUR: South Island expecting a bumper berry crop

It’s berry time in Saanich. My raspberries are getting plump and ripe… Continue reading

B.C. VIEWS: Making private health care illegal again

Adrian Dix battles to maintain Cuba-style medical monopoly

Almost every part of Canada’s largest national park deteriorating: federal study

Drawing on decades of research — the report lists 50 pages of citations

Most Read