Rising housing costs are putting significant pressure on many people in the capital region. The creation of affordable market rental housing helps to ensure that more people have the dignity that comes with a place to call home.
Affordable Market Rental Housing
Affordable near-market rental units are designed for low to moderate income earners and their families who may not qualify for subsidized housing. To be eligible, households must fall within a specific income range, ensuring access to housing that remains within their financial means.
General target average monthly income and income limits (as set by BC Housing):
Studio $3,700 (limit $7,100) monthly
One-bedroom $4,600 (limit $7,100) monthly
Two-bedroom $6,000 (limit $11,150) monthly
Three-bedroom $8,000 (limit $11,150) monthly
The Chestnut
The 51 units of affordable market housing located at 210 Gorge Road include studio, one, and two-bedroom suites, plus accessible options. With secured parking and bike storage, The Chestnut is conveniently located on several major bus routes and is only minutes from downtown Victoria.
Application inquiries: chestnutrentals@coolaid.org
Crosstown
Opened in February 2025, Crosstown features 100 rental apartments, including 30 near-market units and 70 subsidized units. The building offers a range of studio, one, two, and three-bedroom suites, including accessible options. Located at Burnside Road and Finlayson Avenue, Crosstown is a unique mixed-use development including supportive housing, commerical space, and a soon-to-be Cool Aid Community Health Centre and pharmacy.
Applications inquiries: crosstownrentals@coolaid.org
