More than just a residence, Mod stands as a beacon of opportunity for homebuyers seeking to invest in their future within the new vibrant heart of Victoria.
With over 75% of its units already sold, this modern high-rise along Cook Street is not just a home; it's an invitation to experience the perfect blend of urban living. Here, homeowners can enjoy all Victoria has to offer while creating wealth.
For those making their first foray into homeownership, Mod offers a unique proposition. Situated on the border of Downtown Victoria, the 15-storey steel and concrete condominium caters to the desires of urbanites with an appreciation for active and nature-centric lifestyles. Residents will find themselves enjoying the urban life, all while taking pleasure in the breathtaking panoramic views of the Salish Sea and Olympic Mountains.
Developed by Fraser McColl & Dan Robbins, Mod is not just a building; it's a statement. The architecturally iconic tower boasts 129 contemporary residences, featuring one- and two-bedroom options ranging from 425 to 872 square feet. The design, crafted by NSDA architects, ensures a striking visual presence. A two-level podium floating over a recessed ground level hosting commercial spaces, floor-to-ceiling windows creating bright, modern and healthy living space that frame the spectacular views.
Mod doesn't just offer a home; it presents an opportunity for first-time buyers to step into the property market. With one-bedrooms starting at $459,000, the development is designed to make homeownership within reach. Fraser McColl emphasizes the importance of building concrete structures that are affordable, stating, "Mod is an opportunity for first-time buyers to get into the market and build equity like their parents have. Property ownership has historically been the most consistent builder of wealth in Victoria”. McColl also adds, “In the next year we’re going to see development costs soar as the government introduces new building codes making future builds even more expensive.”
One of Mod's unique selling points is its location, Cook and View St., where residents can enjoy the convenience of cafes, street-side patios, grocery stores, pharmacies, and boutique shops all within a block.
McColl shares stories of various buyers, who have found Mod to be an unprecedented buying opportunity. "We have a wide-range of buyers, from downsizers to urban professionals: retired engineers, digital marketers, architects, people in hospitality, and even a Navy diver, and it's gratifying to hear Mod's a buying opportunity that they haven't had before."
The development isn't just about acquiring a residence; it's about building equity and a stronger connection to the community. McColl reflects on the journey of a buyer who bought their first home at the Mosaic development 25 years ago, and then sold and moved into The Reef, another project McColl was involved in. She built up enough equity through those steps to then buy a single family home for her growing family.
For those intrigued by the prospect of calling Mod home, the building has just been completed and there are move-in ready homes available. The show suite is open for tours via appointment through www.modvictoria.com.
This is not just an opportunity to view a potential residence; it's an invitation to explore the possibility of joining a community that values modern living.
