[Halifax] Navy Lane Condos (2183 Gottingen) | 24 m | 8 fl | U/C

[Dmajackson]

HalifaxDevelopments.ca (Photo by David Jackson)

[kzt79]

Originally Posted by Dmajackson

HalifaxDevelopments.ca (Photo by David Jackson)

Looks good. More glass than I expected based on the renderings, maybe I was looking at a different side.

[worldlyhaligonian]

Originally Posted by kzt79

Looks good. More glass than I expected based on the renderings, maybe I was looking at a different side.

The renderings all feature brick... which I feel would aesthetically tie into the area well.

Hoping brick is still going to happen, but modern without the 'fake wood flooring' is a win.

[IanWatson]

Originally Posted by worldlyhaligonian

The renderings all feature brick... which I feel would aesthetically tie into the area well.

Hoping brick is still going to happen, but modern without the 'fake wood flooring' is a win.

Past Urban Capital projects have been very true to their renderings, so I imagine we can expect the same here.

[mleblanc]

Originally Posted by IanWatson

Past Urban Capital projects have been very true to their renderings, so I imagine we can expect the same here.

Yep, I'm not worried at all for this one. Looking great so far, and fits in well with the area.

My only problem with Urban Capital is their interiors are awful. Tiny little Toronto shoebox condos that aren't livable whatsoever. Torontonians have realized this and their condo prices have plummeted, yet here they're still half a million dollars for a 500 sqft condo that should be classified as a studio.

[kzt79]

Originally Posted by mleblanc

Yep, I'm not worried at all for this one. Looking great so far, and fits in well with the area.

My only problem with Urban Capital is their interiors are awful. Tiny little Toronto shoebox condos that aren't livable whatsoever. Torontonians have realized this and their condo prices have plummeted, yet here they're still half a million dollars for a 500 sqft condo that should be classified as a studio.

Yeah I would actually consider a nice modern condo in old age or whatever, IF there was adequate size (1000-1200 sf+). I think these units do exist but obviously they are highly sought and seldom make it to market.

[Arrdeeharharharbour]

This is a nice looking building in an excellent location for anyone who wants to live in a city centre but the units are just soooo small that they will be considered to be unlivable for many, me included. However, the building sold well I hear. This must have been a real money maker for the developer. IMO, in terms of built form, the real star on the street is Ocean Vista with its superior outdoor private space/good sized balconies and large corner windows.

[Drybrain]

There are weirdly few renderings of the Gottingen-facing side of this one, but on page 16 of this thread, there's a picture of a model in the sales centre. It has the least brick of any side (essentially just framing the building along the sides and the top). The other sides all feature more brick.

As for the unit size, I wouldn't have a problem living with these sizes, if it were just me or maybe a couple, but add any kids to the mix in one of the two bedrooms and it'd get tight. I suspect families aren't the target market, though...

[OldDartmouthMark]

At the top of their web page is a rendering, presumably of the back side, that shows some brick:

https://www.navylanecondos.com

Non-penthouse unit size ranges from just under 500 sq ft to 900, pricing roughly $500K-$800K.

Is that considered normal and “affordable” (i.e. what the average person would spend on a condo in Halifax nowadays) now? A single person is spending $500K on a 500 sq ft condo? To me it seems that the bar has been set kind of high (or low, depending upon how you want to look at it... lol).

[Keith P.]

Originally Posted by OldDartmouthMark

Non-penthouse unit size ranges from just under 500 sq ft to 900, pricing roughly $500K-$800K.

Is that considered normal and “affordable” (i.e. what the average person would spend on a condo in Halifax nowadays) now? A single person is spending $500K on a 500 sq ft condo? To me it seems that the bar has been set kind of high (or low, depending upon how you want to look at it... lol).

Well, there are relatively few condos being built in Halifax so comparables are likely not easy to find, especially in that small size. Those amounts quoted strike me as remarkably similar to asking prices for equivalent-size units in Toronto 3 or 4 years ago at that market's peak before prices slumped badly the last few years. It's not unusual there now to see those kind of units selling (or staying unsold) at $100K or more below peak values. There are a lot of owners there underwater.