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You are here: BC > Saanich East > SE High Quadra > 4045 Rainbow St > Rainbow Hill
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Building & Condo information

Rainbow Hill

4045 Rainbow St, Saanich East, V8X 2A8SE0205 - SE High Quadra

Official Website: www.rainbowhill.ca Marketers Website: www.remax-camosun-victoria-bc.com
  • Levels: 2
  • Suites: 27
  • Status: Completed
  • Built: 2012
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Management company:  
  •  Bldg#: 9096

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Building Info

Rainbow Hill - 4045 Rainbow Street, Victoria, V8X 2A8, 2 levels, 20 townhomes, Estimated completed 2012, crossroads areRainbow Street and McKenzie Avenue. Perched atop one of the highest points in Greater Victoria, The Rainbow Hill at Saanich is an up-scale community with extraordinary views of the city, the Strait of Juan de Fuca, and the Olympic Mountains beyond. This project includes 12 single families, 27 town homes, and two condominium buildings with total 77 units.

Durable, energy efficient and attractive homes are set among leafy sidewalks, community trails and extensive green spaces. Both single family houses and town homes combine the West coast modern architecture with natural surroundings, matched with contemporary floor plans and clad in natural materials. Contemporary three bedroom homes feature high ceilings, floor to ceiling windows, Maple Wood flooring, custom cabinets, Quartz countertops, glass tiled backsplash, high-end stainless steel appliances, and spa-inspired bathrooms with radiant in-floor heating, ceramic tile floors, Caesarstone countertops and deep soaker tubs. Large private decks invite outdoor entertaining, and attached two car garages welcome residents of every home.

Rainbow Hill is adjacent to the Swan Lake Christmas Hill Nature Sanctuary, just minutes from downtown Victoria to the south and the Victoria International Airport and Swartz Bay Ferry Terminal to the north and Victoria General Hospital to the west. The location offers excellent access to transit service and is within a 1 km walk to a diverse range of amenities including Pacific Christian School, Rogers Elementary, St Andrew's Regional High, playgrounds, retail and professional offices, restaurants and a supermarket.

Sales Centre: www.remax-camosun-victoria-bc.com
Official Website: www.rainbowhill.ca
Phone: 250-220-5061
Sales Address: 4045 rainbow st, Victoria, BC. V8X 2A8
Strata Sub Categories: Strata

Rainbow Hill Technical Info

Building Name Rainbow Hill
Address 4045 Rainbow St
City Saanich East
Neighborhood SE High Quadra
Listing Price Range N/A
Floors 2
Units in Development: 4
Units in Strata:27
Property Types Frhld/strata
Sub Categories:Strata
Year Built 2012
Official Website www.rainbowhill.ca
Restrictions Details
Title to Land Frhld/strata

Rainbow Hill MLS® Listings And/Or Area MLS® Listings

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Typical Floor Plan (Click image to enlarge)

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Rainbow Hill Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Other Buildings in Complex and/or Area

  1. Rainbow Hill - 4014 Rainbow STREET - VIP86255
  2. Christmas Hill - 4073 Blackberry LANE - VIS4455
  3. Christmas Hill - 4068 Blackberry LANE - VIS4622
  4. 759 Sanctuary Crt - 759 Sanctuary CRT - VIP75457
  5. Christmas Hill Green - 4052 Douglas STREET -
  6. 4079 Douglas St - 4079 Douglas ST - VIS5581
  7. Christmas Hill - 881 Nicholson ST -
  8. 4085 Douglas St - 4085 Douglas ST - VIS5581

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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  

Mandarin 
# Article Publish Date Source
1 Value of downtown condos could soar as Victoria considers ban on AirBnB zoning
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Transient zoned condos facing rental restrictions #LesTwarog
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Councillors want vacant home tax #LesTwarog
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Victoria News articles Search Victoria News 

# Article Publish Date Source
1 Value of downtown condos could soar as Victoria considers ban on AirBnB zoning
City of Victoria moving toward restricting transient zoning, also known as hotel-like or short term rental usage.
Transient Zoning in Victoria will be restricted #LesTwarog
2017/01/21 The Vancouver Sun
2 Victoria councillors petition provincial government for vacancy tax
Two Victoria councillors want a tax on vacant homes and implementation of the 15% foreign buyers tax.
Councillors call for vacant home tax #LesTwarog
2017/01/20 Mortgage Broker News
3 Extend foreign buyer home tax to capital region, two Victoria councillors urge
The two Victoria councillors want to tax vacant property and add the foreign buyers 15% tax to property.
Spread foreign buyer tax, councillor says #LesTwarog
2017/01/19 The Province
4 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
5 Victoria faces property shortages while more move in for lifestyle change
The Victoria Real Estate Board expects fewer migrants but prices still rising.
Flowers are blooming and the property buyers are coming #LesTwarog
2017/01/10 The Vancouver Sun
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