Harbourview: Outlook, Prospect, Evolve, Cornerstone
Parkshore Projects, Ltd. is an outfit based on the mainland who sees Nanaimo as being "under the radar" in terms of its investment potential. They have a vision for Nanaimo's South End community which will see low-rise condo developments replacing a lot of the old single-family homes. It is called Harbourview, and it will consist of four (to start) buildings near the corners of Haliburton St and Milton St (near the McDonald's).
The move to greater density has been easy to foresee - this area is near the ocean and the amenities of downtown - a lot of the old homes in the area have not been well maintained, so their owners are seeing value in selling to developers like these. The developers are able to finance the projects because there is a lot of demand for ocean view condos in Nanaimo. We have already seen an avant-garde of new developments in the area, namely Robins Grove and the Seven.
For local residents whose detached character homes HAVE been well-maintained, it is likely that they will be rewarded with greater property values and a more walkable neighbourhood. They should also expect some dilution of the neighbourhood's social issues, hopefully with a better result for everyone.
The buildings in Harbourview will feature communal rooftop patios for their residents, modern finishings inside, elevators, and views from almost every unit - the ocean, city, and mountains are all apparent from this vantage point above downtown.
This was the first building to break ground, across from the Balmoral Hotel on Haliburton Street. As of February 2020 it is nearly completed, and almost every unit has sold. The last I heard, a few units were still available or were expected to come available. None of the ocean-facing units are available.
The next building planned for Harbourview is called Prospect and it's already 50% sold (May 2020) - it appears to be similar to Outlook and will be placed at the northeast corner of Haliburton and Milton Streets - you may know this location as where the AC Taxi lot is (and several adjacent properties).
It was announced in February 2020 that units in Prospect will be listed very soon.
If you have questions, or if you'd like to be notified about current listings on sale (check below first), contact me!
Current Listings at Harbourview
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