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You are here: BC > Saanich East > SE Lake Hill > 1040 Kenneth St > 1040 Kenneth St
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Building & Condo information

1040 Kenneth St

1040 Kenneth St, Saanich East, V8X 3J5SE0215 - SE Lake Hill

  • Levels: 2
  • Suites: 22
  • Status: Completed
  • Built: 1975
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Management company:  
  •  Bldg#: 8473

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Building Info

1040 Kenneth Street, Victoria, BC V8X 2K7, Canada. It has 22, 2-storey townhouses that were built in 1975. Crossroads are Cedar Hill Cross Road and Hodgson Place. Close to Christmas Hill Nature Sanctuary, Rainbow Ridge Park, Kumon Math & Reading Centre, Reynolds Secondary, Saint Andrew's Regional High, St. Margaret's School,  Lake Hill Elementary, Thrifty Foods, Mediterranean Speciality Foods and Planet Organic Market.

Maintenance fees includes building insurance, garbage pickup, water and yard maintenance.

Strata Sub Categories: Strata

1040 Kenneth St Technical Info

Building Name 1040 Kenneth St
Address 1040 Kenneth St
City Saanich East
Neighborhood SE Lake Hill
Listing Price Range N/A
Floors 2
Units in Development: 6
Units in Strata:22
Property Types Frhld/strata
Sub Categories:Strata
Year Built 1975
Restrictions Details
Title to Land Frhld/strata

1040 Kenneth St MLS® Listings And/Or Area MLS® Listings

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Other Buildings in Complex and/or Area

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  3. The Brix - 4040 Borden STREET - EPS694
  4. The Brix - 4030 Borden STREET - EPS694
  5. Lakewood Estates - 4041 Saanich RD -
  6. 722 Percy Pl - 722 Percy PL -

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Victoria Real Estate Board Update

High Demand Continues as Inventory Shrinks in the Victoria Housing Market

 

December 1 2016, Victoria, BC

A total of 599 properties sold in the Victoria Real Estate Board region this November, 4.5 per cent more than the 573 properties sold in November last year.

Inventory levels remain lower than last year, with 1,815 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2016, 38.5 per cent fewer than the 2,952 active listings at the end of November 2015.

"Our current housing market is in a strong cycle due to many factors, including our current positive economic conditions, baby boomers retiring here, millennial buying cycles, a low Canadian dollar keeping folks closer to home and our favourable living conditions," notes Mike Nugent, 2016 President of the Board. "These factors and others, in combination with ongoing low inventory mean demand for housing is up, particularly in those areas close to the core and amenities."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in November 2015 was $608,600. The benchmark value for the same home in November 2016 has increased by 23.9 per cent to $753,800.

"Foreign buyers are another factor that affects our local housing market. The provincial government is considering implementation of a local tax on foreign buyers to ensure pressure on pricing from that source remains mitigated," adds President Nugent. "While October data shows an increase in foreign buyers into the Capital Regional District compared to previous months, their 6.3 per cent of property transfers indicate that these buyers are one factor in the marketplace. A much larger factor affecting affordability and availability right now is the lack of inventory. An effective method to address housing affordability issues could be through efforts to increase the supply of housing, either through adjustments to zoning or density."

About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,320 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.

View our press release and summary here.

View our complete statistical package here

For More Information 

Victoria Real Estate Board
Denise Hogue, Communications Manager

Phone: 250-920-4652

 

 

Victoria Real Estate Sales September 2016

Real Estate Related News Articles(Sun and Province) Search News  

# Article Publish Date Source
1 Manage your risk by carefully scrutinizing depreciation reports
First time home buyers often overlook some of the finer details in the strata reports. If there are hidden costs not disclosed you can dispute them.
Focus on future costs as well #LesTwarog
2017/01/19 The Province
2 Zetter Place 8520 204th Street Langley 82 townhomes by Lanstone Homes
The design of Zetter Place by Lisa Hansen is shown.
Zetter Place merges country living with an ‘urban esthetic’ #LesTwarog
2017/01/19 The Province
3 Canadian home sales surge in December, but market troubles imminent
New mortgage regulations and uncertainty in the market are keeping some buyers from purchasing.
Sales have increased but not enough #LesTwarog
2017/01/18 Canadian Real Estate Wealth
4 Bank of Canada announces rate
The Bank of Canada is holding interest rate at 0.5%.
Bank of Canada Interest Rate Announcement #LesTwarog
2017/01/18 REP
5 Genworth follows CMHC with MI premium hike
CMHC has hikes its mortgage premiums, forcing Genworth to follow.
Genworth a private mortgage insurer increases premiums #LesTwarog
2017/01/18 REP
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Victoria News articles Search Victoria News 

# Article Publish Date Source
1 Stronger migration bolstering Victoria real estate
Inbound migration to Victoria is predicted to play role in increase home prices.
More demand then supply from migrants #LesTwarog
2017/01/13 REP
2 Tight inventory will maintain price growth for Victoria
Sales in the Victoria area will be slower but prices will still increase.
Sales to be moderate in 2017 #LesTwarog
2017/01/10 REP
3 Foreign buyers double in month in Victoria-area housing market
Housing sales in Victoria on the rise from foreign buyers.
Foreign buyers switched to Victoria #LesTwarog
2016/11/30 The Vancouver Sun
More News