Madrona @ Dockside Green

370 & 384 Harbour Road, Victoria, BC

Image: Martin Knowles Photography

Catalyst purchased land parcels in the Dockside Green community to build this rental housing development. The project will offer 49 new affordable homes, ranging in size from studios to four-bedroom townhouses, in this popular Victoria neighbourhood.

Status:

Completed November 2017

Catalyst Role:

Developer, Owner, and Operator

Affordability:

  • 100% units at a maximum (30%) of Housing Income Limits (total family household income)

Financial Information:

  • City of Victoria Affordable Housing Fund
  • Catalyst – Social Equity Investment by Catalyst, Vancity, Vancity Foundation, and private mission-driven investors
  • Construction Lender – Vancity Credit Union
  • Long-term Lenders – Vancity Credit Union, and New Market Funds

Total Project Cost:

$9.5M

Project Gallery

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