Diver Lake Real Estate

You may have noticed the old Northfield Mines site being re-developed in recent years - especially the mountains they've moved behind the Christ Community Church (see below). Well, there is an effort underway to develop condos and a mixed-use complex in the locations shown below (I'm guessing the "Mountain Vista Apartments" will be purpose-built rentals).

The "Mid-Town Gateway project" is a complex with a grocery store in the center, with retail buildings along the perimeter, and residential units perched above the retail builds.

I'm sure there are still many hurdles for this development to overcome, not least the purchase of the private properties along Northfield where there are already some homes established. But I wanted to show this plan, as something of interest to people who live and work in the area!

As for the "Arbor Park Townhomes", the plan is for 12 "blocks" of rowhomes, most with 2 or 3 units in them - for a total of 31 townhouse units. All of the homes will be two or three storeys and most(?) will include a garage.

There will be a 3-part phased approach starting at the southeast portion of the property, then the middle portion, and finally the northwest portion. The application was submitted in September 2023 for builder Tectonica. (DP001255)

This 1.9 acre parcel at 2498 Rosstown Rd has only had a 1950-built house on it previously - that home is remaining in place but recently the rest of the land was cleared and subdivided for a 13-lot subdivision with a little parkspace in it.

As of November 2024 there are three of the lots listed for sale for $419,900. Each of those lots is 4,844 sqft in size. The remodeled 1950 house is also for sale.

2453 Labieux Road - (6 three-storey apartment buildings) - The rezoning application appears to have passed and a development permit will be next(?)
3789 / 3801 Shenton Road (a 5-storey and a 3-storey building right on Diver Lake's shore) - Currently under construction (October 2024)

This proposal includes 3 buildings with 21 townhomes total. One building has 8 units, another has 7, another has 6.

They're all 3-storey rowhomes with garages - perhaps the kind of "double" garage where the two cars are parked in a line, one in front of the other.

The location is very near to Beban Park and its great playground, so these units will likely appeal to families.

The Development Application (DP001283) was approved in August 2024.

Current/Ongoing
This location is just west of Bowen Rd, across from the playground at Beban Park.

These 13 freehold lots surround a cul-de-sac and range from about 5145-6950 sqft each. It is likely that builders are purchasing these and then offering the homes they will build, once those homes are partway completed. Of course, a buyer may also purchase the lot and then commission a build - it is a little harder to get a loan for the second option however.

Many have sold in the $390k-$399k range and some are still listed (Nov2024).

Phase 2 pending
This development is VERY central, being close to the Northfield exit off the Nanaimo Parkway. The neighbourhood is sloped and enjoys some big mountain views.

The first phase of Arbor Park was called Perch; its homes were built with a continuity of craftsman designs (reminiscent of the Hawthorne neighbourhood in the University District). That phase sold out in late 2020, and the next phase seems poised (as of Feb2024) to break ground.