Interview with Todd Mahovlich PREC - Langford Realtor®
As demand for West Shore housing continues to outpace supply, the McCallum Group launches the final phase of Triple Crown Community. Now under construction is Residences III and IV – two six-storey buildings consisting of 123, one-, two- and three-bedroom homes priced from $374,900 with market-leading deposits of only 5%.
“The success of Triple Crown Residences I and II has fast-tracked our plans for Residences III and IV, the last phase of condominiums at Triple Crown,” said Todd Mahovlich PREC, Langford Realtor® and the project’s sales coordinator. “We are pleased to offer the West Shore’s widest range of floorplans, with attainable price points, a low deposit requirement and sought-after amenities in an accessible, highly desirable location.”
The building’s design attributes emphasis angled exterior terraces and balconies to maximize sunlight and views. Each building will have outdoor ground level and roof top outdoor amenities. Residence IV will include a 1,000 square foot multi-purpose gym on the main floor. Energy-efficient ductless heat pumps come standard, and hot water is sourced through an environmentally friendly central boiler in lieu of individual in-suite water tanks.
In terms of value, Mahovlich says Triple Crown offers 20 floorplans at price points targeted at live-in buyers or investors drawn to West Shore real-estate for its proximity to nature, access to popular shopping centres, a growing collection of recreational opportunities and a slower pace of life.
“What makes the West Shore condominium market so special and in-demand by purchasers of all ages is its larger homes at more attainable prices compared to what is available in the city centre, and a more laid back, nature-oriented lifestyle,” says Mahovlich. “And with our 5% deposit structure, purchasers can secure their future home with less money up front. For buyers looking to get into Victoria’s housing market for the first time, the opportunity to put down a smaller initial deposit can make a profound difference in their ability to save for and buy their home.”
Since the sell-out and subsequent occupancy at Residences I and II, the Langford real-estate market has undergone significant change as buyers flocked to the West Shore hub amid shifts in market preferences. Suburban real-estate in particular saw demand pressures heighten, especially for two-bedroom and three-bedroom condominiums, considering increased remote work scenarios, a desire for additional space for hobby rooms or dens, and attractive price points relative to Victoria’s core.
Triple Crown’s McCallum Road location, close to big-box and small-format retail destinations, saw its Residences II sell-out in 2020 and buyers have been awaiting the subsequent phase.
“Triple Crown’s location is at the heart of a significant transformation in north Langford, and as far as the development build-out timeline is concerned, this is still considered early days which makes Triple Crown a smart real-estate play when viewed through the lens of a medium-term horizon” says Mahovlich. “We can expect even more development throughout north Langford over the years to come, and at the gateway to all of this positive change is Triple Crown.”
“We’ve sold nearly 30 per cent of the pre-construction inventory. If you are interested in buying into the last phase of Triple Crown, don’t wait to call Justine or I.”