New Rental Homes
in a Vibrant and Central Neighbourhood
Located on the corner of Fifth Street and Kings Road, 1025 Kings is a 56 unit purpose-built rental (PBR) home in the heart of Quadra Village, set to bolster the neighbourhood’s urban village vibrancy.
The six storey building will provide a mix of car, bike and carshare facilities. With a rental project that provides cost-effective housing to the community, we can enhance this centralized corner lot and build on the diversity of housing options already being brought to market at our neighbouring PBR project, Ross Terrace.
Celebrating Rental Living and Housing Diversity
Purpose-Built Rental Designed for Long-Term Tenancy
Bolstering the Vision and Evolution of Quadra Village
Enlivening Street and Pedestrian Experience
Replenishing Dated Rental Stock in the Area
Supporting a Car Lite Lifestyle & Multi-Modal Transportation
Why Rental?
We believe housing is a human right, and with homeownership increasingly out of step with local incomes, Purpose Built Rental (PBR) housing is the strongest form of tenure and represents a possible—and sometimes beneficial—alternative to homeownership.
Common benefits to rental housing are the lack of maintenance or repair costs, increased access to amenities, no property taxes, more flexibility where you live, predictable monthly payments, and no requirement for a downpayment.
What does the data tell us? Sixty-one percent (61%) of households in Victoria rent their home; of these, almost half (48%) are one-person households.
The building programming has been designed in response to this data:
- 5 x Studio Homes
- 34 x One Bedroom Homes
- 15 x Two Bedroom Homes
- 2 x Three Bedroom Homes
What's more, all rental units have been designed to increase livability through form and function, ultimately supporting long-term tenancies.
Neighbourhood
Known for its vibrant and welcoming personality, Quadra Village is the heart and soul of the Hillside-Quadra neighbourhood.
With highly connected transit routes and an array of established and celebrated local Victoria businesses, this neighbourhood has room to grow and will continue to benefit from much needed housing options for those who hope to live and work in the area.
Throughout the initial community engagement and outreach, Quadra Village residents identified the need for a family-oriented play space that will provide the local families with an opportunity to spend time outdoors.
In response to this community request, we are collaborating with The City of Victoria and School District 61 to create a community park on the adjacent underutilized lot. The central element of the park will be a playground for younger generations, while the rest of the park can be equally appealing to the residents of all ages.
Stay Informed
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Aryze Developments
1839 Fairfield Road
Victoria, BC V8S 1G9
250 940 3568
Aryze Philosophy
As an integrated team of home builders, developers and urban planners, we’re deeply committed to increasing the quality of housing—and the quality of communities—in Victoria, BC.
Approaching every project with intention and care, we aim to contribute to the built environment in a way that enhances your sense of space and your sense of place. It’s in this commitment that we strive to create a lasting impression on the cities, neighbourhoods and homes in which we build.