A Series of Low-Rise Condo Projects near Downtown Nanaimo
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A North Vancouver based outfit called Parkshore Projects started this ambitious re-development of lands around the northern blocks of Haliburton St. They built the successful Outlook building at 119 Haliburton in 2020/21, then they built Prospect practically next door.
(At some point the names shuffled and now Parkshore Projects Ltd. is the project manager and the developer is Principle Property Group.)
The move to greater density in this area was predictable - the ocean is very near and so are the amenities of downtown, and the Hullo/Helijet terminals. A lot of the old homes in the area have not been well maintained, so their owners are seeing value in selling to developers. There's a lot of demand for ocean view condos in Nanaimo! We had already seen some early new developments in the area, namely Robins Grove and the Seven, before Harbourview was announced.
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 an influx of more people who also love the neighbourhood, and whose presence will be felt: people walking small dogs, professionals walking to work, perhaps older folks with scooters, etc.
The first buildings in Harbourview 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.
Outlook
This was the first building to break ground, across from the Balmoral Hotel on Haliburton Street. It was completed early in 2021 and sold out easily.
Since then, some units have been re-sold for prices between $349k and $502k.
Outlook has a great rooftop area that is common property, as well as underground parking. One dog or cat is allowed (at least according to the original bylaws, which may be changed anytime by a vote of the strata owners).
See a more detailed breakdown: Outlook
Prospect
This second project was completed in 2023 and is only separated from the Outlook building by a single property with a well-kept detached character home.
It consists of two five-storey buildings with a shared underground, on the corner of Milton St and Haliburton St (there was an ugly taxi building/yard for many years at this location - what an improvement!).
The pre-sales for Prospect got scooped up in in 2021 when the market was still hot. People got their occupancy in 2023, and it appears that all is well.
See a more detailed breakdown: Prospect
Lumina
Expected to be complete in December 2024, Lumina will be the closest Harbourview building to downtown (until Paramount is built - see below). It's on the first block of Haliburton as it runs south from Crace St.
It will ahve five storeys and 38 units, with a rooftop patio (common property) and EV charging stations. There are studio, 1-bed, and 2-bed units ranging from 535-1025 square feet, with the 1-bedrooms starting at $349,900 +GST.
All but the two smallest units come with an underground parking spot.
Units became available in July 2021 and were nearly sold out within a couple weeks. As of Hallowe'en 2024, there are about 10 units still available.
Paramount
Expected to complete in the summer of 2025, the art-deco inspired Paramount may be the coolest-looking building at Harbourview. It will be on Haliburton St, near to Crace St.
The timeline for sales offerings has not been announced, but I would expect it to happen sometime in early 2025.
The Junction
155 Fry St
This project is expected to complete in 2026 and pre-sales began in November 2024. It is adjacent to, and is designed to be somewhat "matchy matchy" with, the Robins Gardens condo development which was built in 2016 and is not related to Harbourview (but they will go well together, I think). The Junction will be a 5-storey building with 57 units plus commercial space downstairs.
If you have questions, or if you'd like to be notified about current listings, contact me.
