PC Urban has recently acquired a 1.2-acre property at the corner of Gorge Road and Irma Street in the Burnside-Gorge Neighbourhood of Victoria, BC. In this historically underdeveloped neighbourhood, with rental vacancy below 2%, PC Urban saw the opportunity to bring much-needed, high quality rental housing to the area. Having delivered purpose-built rental in key urban areas such as Port Moody and Kelowna, now is the time to bring this knowledge and expertise to Vancouver Island.
The development will be a 4-and 5- storey, wood-frame building with 152 condo-quality rental homes. In addition, the building will include ample amenities, such as a common rooftop patio, children’s play area, and 3,200 sf of ground floor retail space that could house a coffee shop, restaurant or small grocer.
Construction of the project is estimated to begin in the Fall 2021, with completion in late 2023.