Victoria's Janion Hotel micro-condo project has only a few units left to sell as construction is set to begin next month.
Reliance Properties has 11 tiny condos left in the popular development after about 100 were picked up in the first two weeks of November. The units sold for anywhere between $110,000 and $199,000.
Company president Jon Stovell told The Huffington Post B.C. that the project has attracted a diverse cross-section of buyers from former renters, to "pied-a-terre" people and pensioners.
Check out renderings of the Janion Hotel micro-condo project in downtown Victoria. The story continues below the slideshow:
Janion Hotel Micro-Condos Nearly Sold Out
"Victoria is a low population market," he said. "To get that kind of sales depth, you're going to be selling a little bit to everybody."
The Janion project is located in a former hotel that was built in 1891 and has sat empty since 1973.
Reliance obtained a development permit in October that will allow it to add a six-storey structure to the rear of the building and restore the property for commercial and residential use.
The condos themselves measure anywhere from 243 to 352 square feet, and will have features such as built-in wall beds with dining tables, and electrical ports built into the furniture.
Amenities at the Janion will include a rooftop lounge, a boardroom and social rooms that face the waterfront.
Stovell expects construction to be finished in 2015.
And this isn't the last micro-condo development that Reliance plans to take on. The company, which also built the Burns Block on Vancouver's Hastings Street, is planning yet another project in the city's downtown core though it won't reveal any further details.
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