Orchard House
Orchard House is a 22-floor leasehold residential building located in James Bay, Victoria, British Columbia, comprising 211 individual suites held under a 99-year lease assignment that expires in 2073. The building, constructed in 1969 by Westsea Construction, operates on a lease model where lessees cover operating and capital costs while the land and building remain owned by the company.
This unique structure does not function as a condominium, making residents tenants with a pre-paid lease rather than property owners. Despite being one of the tallest buildings in Victoria during its early decades, Orchard House has faced ongoing challenges related to its leasehold nature, impacting its financial and operational dynamics.
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