RECREATION PROPERTIES
Vancouver Island beckons
We think the Alberta winter will increase the level of interest in Belmont. While the majority of buyers are local, we are seeing strong interest from Alberta.
With another harsh winter being forecast for Alberta, developers of a Vancouver Island master-planned residential community are expecting an uptick in interest from the eastern side of the Rockies.
Belmont Residences, by Ledcor Property Development, is located in Langford, 30 minutes or so from Victoria.
Described by Marcela Corzo, director of development for Belmont Residences, as a place with an “urban meets suburban lifestyle,” Belmont is just in the early stages of development of what will ultimately be a community of 440 ownership and rental homes and 160,000 square feet of commercial amenities spread over six phases and 24 acres of land — and all next door to the best Mother Nature has to offer.
“We think the Alberta winter will increase the level of interest in Belmont. While the majority of buyers are local, we are seeing strong interest from Alberta and the Lower Mainland,” Corzo says.
“Belmont Residences is an option for Albertans planning to retire, or to invest in a home for students attending one of the many colleges and universities in the area. As well, we are an affordable option for those who can’t buy a home in other parts of B.C., or for those who want to rub shoulders with nature.”
Work has started on Belmont’s first two phases, with plans to begin the third phase in about a year.
The Crossing at Belmont, which began construction in March and will be finished next fall, will be a premium rental component with 156 units in a pair of five-storey buildings overtop of 29,000 square feet of commercial space.
The second phase, Belmont Residences West, broke ground in September with completion planned for the fall of 2020.
But sales are now underway in an 80-unit, five-storey building with one-, two-, and two-bedroom-plus flex space configurations.
This phase will have about 160,000 square feet of commercial space, including a 52,700-squarefoot grocery store.
Pricing ranges from $319,000 for a one-bedroom home to $469,000 for a two-bedroom-plus flex home.
Unit sizes range from 622 to 1,224 square feet.
“We are very excited to be breaking ground on Phase 2,” says Eric Gerlach, vice-president of development for Belmont Residences. The community has been incredibly supportive of the development, so we look forward to creating even more new home opportunities for the West Shore’s growing population.”
Work is planned to start next fall on the third phase, Belmont Residences East, with 85 units in a fivestorey building.
“Then in the final three future phases we will have approximately 114 homes, including two more five-storey buildings and 10 townhomes,” says Corzo.
Residents and guests will also be able to take advantage of the Belmont Club, which features 4,000 square feet for a community room, arts and crafts room, music studio, kids room and a multi-purpose area.
Belmont has also introduced a bicycle share program as a transportation option for residents.
With such a wide selection of floor plans and home styles and amenities to choose from, it’s not surprising the buyer profile is varied.
“We are seeing an assortment of first-time buyers, working professionals and downsizers — the majority with an affinity to biking and the outdoors,” Corzo says.
Langford and Belmont Residences are located in the foothills of Mount Finlayson, has three lakes (Florence, Glen and Langford) and access to Goldstream Provincial Park as well as portions of three other regional parks, the Galloping Goose Trail, and good access to Tofino and the Comox Valley, Corzo says.
Because of the natural amenities living in harmony with everyday shopping conveniences, Corzo says there is a growing appeal to living in Belmont Residences.
“The residences will feel refreshingly familiar and immediately comfortable while also presenting exciting new opportunities within a newly formed town centre — an urban lifestyle with conveniences that go beyond just everyday needs in a cosy natural setting,” he says.