Harbourview: Outlook, Prospect, Lumina
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). As of March 2023, the second phase of building is nearly completed.
The move to greater density has been easy to foresee - this area is near to the ocean and to 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. 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 begun.
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 will 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 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. It was completed early in 2021 and sold out easily.
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).
(Five storeys, 79 units)
The next building planned for Harbourview is called Prospect and it's nearly finished as of March 2023. Its pre-sales got scooped up in in 2021, but re-sales might be available. Prospect consists of two buildings at the northeast corner of Haliburton and Milton Streets - you may know this location as where the AC Taxi lot used to be.
The newest building announced since Prospect is Lumina, which will be in the first block south of Crace St, on the east side of Haliburton St. It will have five storeys and 38 units, with a rooftop patio (common property) and EV charging stations. There will be studio, 1-bed, and 2-bed units ranging from 535-1025 square feet, with the 1-bedrooms starting at $359,900 +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 Oct 14, 2021, there are no units left. Watch for resale opportunities!
Occupancy was expected for fall/winter 2023, but as of March 2023 the foundations have not been poured.
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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