Esquimalt Terrace

820 Esquimalt, Esquimalt BC
TYPE
  • Purpose-Built Market / Rental Residential
STATUS
  • Development Permit application

SYNOPSIS
  • .89 acre site
  • 135 apartments
  • 1,2 and 3 bedroom units with live-work units

Artist representation – subject to change.

Introducing Esquimalt Terrace

Esquimalt Terrace is a purpose-built work force housing development offering 135 apartments in a four to six storey building. Esquimalt Terrace offers efficiently designed 1, 2, and 3-bedroom homes that celebrate form and function. A range of amenities such as secure bike and vehicle parking, secure parcel delivery, social room and shared outdoor patios are available for resident enjoyment.

When completed in 2025, Esquimalt Terrace will be highly visible at the gateway to the community on Esquimalt Road. The building is close to grocery stores, restaurants, and schools, and has quick access to Barnard Park and residents are a quick five minutes’ walk away from a peaceful waterfront stroll along the Songhees Walkway.

With a historic low residential vacancy rate, Esquimalt Terrace will deliver much needed work force housing to the community in a convenient location.

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About Esquimalt

Located five minutes from the heart of historic downtown Victoria, Esquimalt offers a peaceful living community, waterside strolls, convenient access to Victoria and is home to the Royal Canadian Navy’s Pacific Fleet.

Esquimalt is only 40 minutes from Victoria International Airport and the Swartz Bay Ferry Terminal that connects Vancouver Island with the Lower Mainland.

CHALLENGE
  • Depth of rental market
  • Rezoning required
  • High parking ratios required
SOLUTION
  • In-depth market study
  • Collaborative discussions with municipality
  • Traffic and parking demand analysis
OUTCOME
  • Variety of unit types catering a multi-generational audience
  • Currently under approval process
  • Parking ratios based on demand

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