Oak Bay Beach Hotel - 1175 Beach Drive, Victoria, BC V8S 2N2, 6 8 levels, 100 units, estimated completion in spring 2012 - located at the corner of Beach Drive and Margate Avenue in Victoria's tony Oak Bay neighbourhood. Currently under redevelopment, when the Oak Bay Beach Hotel re-opens in Spring 2012, Oak Bay Beach Hotel will be Victoria's first five-star full-service hotel and spa with private residences that is being developed, built and designed by Walker Hospitality, Metro-Can (General Contractor), Bas Smith Architect and Porada Design as the interior designer.
Inspired by an English country manor house theme, this iconic seaside hotel will comprise 100 furnished vacation hotel suites and 20 penthouse and sub-penthouse private residences in six storeys from Beach Drive and eight storeys from the ocean side. The vacation hotel suites feature fireplaces, expansive windows, full kitchens, flat screen TV, and 24-hour room services; 20 executive private homes offer sweeping panoramic ocean, mountain, and city views, spacious open floor plans, gourmet kitchens, spa inspired bathrooms and much more. Monthly strata fees for private residences average 50 cents a square foot, and include access to the hotel's services and amenities, heating and cooling, garbage/recycling, and a residence butler. Owners of vacation hotel suites pay no monthly fees.
The new Oak Bay Beach Hotel will provide world-class services that includes seaside mineral pools, a spa, live dinner theatre performances, library, the Snug Pub, 24-hour room service and concierge, butler service available for all guests, In-room chefs for suites, professional meeting space, and a three-level underground parkade.
Nestled on the shores of the Pacific Ocean in prestigious Oak Bay, Oak Bay Beach Hotel is just minutes away from Victoria Golf Club, the quaint boutique shops, cafes and galleries of Oak Bay Village. Its in an area full of promise with parks, walking trails and developing local amenities. Only a short drive youll find Downtown Victoria with Save-On foods, Starbucks, and dozens of shops and service.
Oak Beach Hotel Technical Info
||Oak Beach Hotel
||1175 Beach Drive
|Listing Price Range
|Units in Development: ||100|
|Units in Strata:||100|
||Walker Hospitality||Architect Name||Bas Smith Architect ||
||Porada Design Group Canada|
Oak Beach Hotel Documenets
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Oak Beach Hotel Videos
Oak Bay Beach Hotel Site Tour #4 - Seaside Spa & Fitness Area
Oak Bay Beach Hotel - Site Tour #3 - Kate's Cafe
Oak Bay Beach Hotel - Site Tour #2 - Earth Wind & Fire
Oak Bay Beach Hotel - Site Tour #1 - March 2011
4 July 2010: A Channel News OBBH Buyback
2 July 2010: A Channel News
June 2010: Oak Bay Beach Hotel DP Amendments
23 March 2010: Bond Offer Continues - A Channel News
5 November 2009: Groundbreaking - Check News on Oak Bay Beach Hotel
5 November 2009: Groundbreaking - A Channel News
30 August 2009: Community Picnic
13 March 2009: Bond Offer
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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
Victoria Real Estate Sales September 2016
Real Estate Related News Articles(Sun and Province)