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

Man charged in suspected Greater Victoria bus assault

The Victoria Police Department has arrested a man for sexual assault aboard… Continue reading

Library’s French collection gets $15,000 boost

Provincial grant adds extra French-language materials to Greater Victoria Public Library collection

Cruise Industry Job Fair on Saturday

Nearly 900 jobs created by the industry

City grants 10-year tax ‘holiday’ for luxury condo building

$5.4-million tax break will offset Custom House heritage redevelopment

Celebrating the heroic dogs of Saanich past

Cedar Hill exhibit features great dogs of history

VIDEO: What you need to know today at the B.C. Games

B.C. Winter Games athletes work for gold in the last full day of competition

Bobsleigh team misses Olympic medal finish

Canadian team finishes four-man event 0.84 seconds behind first place, 0.31 seconds from podium

B.C. Games: Athletes talk Team Canada at PyeongChang 2018

From Andi Naudie to Evan McEachran there’s an Olympian for every athlete to look up to

Minor injuries after car veers into Courtenay dance studio

A driver and passenger were taken to hospital after their vehicle crashed… Continue reading

Snowboarders sliding into fresh territory at B.C. Games

Athletes hit the slopes for first appearance as an event at the B.C. Winter Games in Kamloops

Cougars hold upper hand on Westshore in VIJHL South semifinal

Victoria leads series 2-0, games 3 and 4 go tonight and tomorrow

Looking back at the 1979 B.C. Games: Good memories, even better jackets

39 years later, Kamloops is hosting the Winter Games again, with some volunteers returning

OLYMPICS 101: Oldest and youngest Canadians to reach the podium

This year, Canada sent its most athletes in Winter Games history, here’s a look at record breakers

Snowboarding debuts at B.C. Games

Merren deBellefeuille was lone Vancouver Island (Zone 6) athlete in ladies’ snowboard cross

Most Read