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The tranquil neighborhood of Qualicum Seashore in Vancouver Island’s central area is getting a five-storey growth, offering 50 one- and two-bedroom rental suites.
That is the tallest residential growth within the city and is predicted to be full in early 2025.
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The event has a similar-sized constructing alongside the rental models that may comprise 18 bigger, for-sale strata models.
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The wooden framing for the buildings that run alongside Second Avenue East between Fir Avenue and Berwick Street is sort of full. Throughout the street from the event, on Berwick Street, is a brew pub and a boutique butchery.
In response to the web site for Qualicum East Village, the suites will likely be rented for three-years phrases with an choice to renew for an extra three years. Annually, the rental worth will go up, in line with the speed of inflation as set by the B.C. authorities.
The primary 12 months’s hire for a collection will vary from $2,500 to $3,200 a month.
Qualicum Seashore is a brief drive from Parksville and a 45-minutes drive north of the Port of Nanaimo.
The Metropolis of Parksville has the oldest inhabitants per capita of any metropolis in Canada with 44 per cent of residents aged 65 and over, with the City of Qualicum Seashore having an identical age breakdown.
That is due partly to the climate within the area and beautiful seashores that draw retirees from throughout Canada.
B.C. Evaluation Authority information exhibits that the assessed worth of a single household house in Qualicum Seashore jumped 44 per cent between June 30, 2020 and July 1, 2022.
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