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Gorge Waterway pre-sale draws investors as Abstract’s newest condo nears groundbreaking

Central Block, a six-storey condominium development by Victoria-based developer Abstract Developments, has seen a recent surge of interest in its junior one-bedroom homes.

Designed to maximize livability for today and tomorrow, Central Block’s 99 homes have attracted prospective purchasers in various stages of life: first time home buyers, downsizers, investors, and even those looking to ‘future proof’ their family’s lives, like recent purchasers Tony and Jenny Botica.

The Boticas always knew that they wanted to purchase a condo as an investment for their two sons, as a place for them to live while attending university or starting their professional careers. Their goal was to support their children during the transition from child to adult while using the condo as an opportunity to teach them about personal finances and the real estate market.

With Eddie (aged five) and Jasper (seven) still years away from enrolling in university, the Boticas were in no rush. However, when a friend raved about a new pre-sale condo they had just purchased in Victoria, Tony and Jenny knew they needed to go look for themselves. 

Going into this experience, the Boticas had an idea of what they were looking for: a new, energy efficient condo under warranty with high quality finishes in a central location close to schools, major transit routes, outdoor spaces, and everyday essentials. Most importantly though, as a family raising their kids in Bowser, BC, they knew they wanted it to be in Victoria.

Bowser is a small town, and we don’t expect our kids to live there forever. Victoria is a world class city with a diversified economy which makes it a good investment. There are good odds that the kids will at least pass through it at some point for school or work. You can’t go wrong with Victoria

—JENNY BOTICA, Homeowner at Central Block

Tony and Jenny Botica, with sons Eddie and Jasper, at Abstract Developments’ presentation centre for Central Block and the firm’s Douglas Street Home Store.

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