You are here: BC > Victoria > James Bay > 527 Michigan St > The Redstone
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You are here: BC > Victoria > James Bay > 527 Michigan St > The Redstone
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Building & Condo information

The Redstone

527 Michigan St, Victoria, V8V 1S1VI0045 - James Bay

  • Levels: 2
  • Suites: 9
  • Status: Completed
  • Built: 2007
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Management company:  
  •  Bldg#: 8703

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Building Info

527 Michigan St, Victoria, BC V8V 1R9, Canada. Crossroads are Michigan Street and Parry Street located in the James Bay neighbourhood in Victoria. This building is 2-level with 9 units. Completed 2007. Maintenance fees includes building insurance and garbage pickup.
Just steps to Victorias World Famous Inner Harbour and Beacon Hill Park. Close to parks include Irving Park, Quadra Park and Macdonald Park. Nearby Schools are Christ Church Cathedral School, Christ Church Cathedral Pre-School, Pacific Rim College, Study Victoria, Glenyon Norfolk School - Middle and Senior Schools and George Jay Elementary School. Supermarket and grocery stores nearby are Fisgard Market & Grocery, Wong Brothers, Quonley's Gifts & Grocery and Bay Grocery. Short drive to Downtown area and Gordon Head.

Strata Sub Categories: Strata

The Redstone Technical Info

Building Name The Redstone
Address 527 Michigan St
City Victoria
Neighborhood James Bay
Listing Price Range N/A
Floors 2
Units in Development: 9
Units in Strata:9
Property Types Frhld/strata
Sub Categories:Strata
Year Built 2007
Restrictions Details
Title to Land Frhld/strata
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The Redstone MLS® Listings And/Or Area MLS® Listings

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The Redstone Building & Common Area Photos Slideshow (Click To Enlarge)   (Slideshow)   (Print View)

527 Michigan St, Victoria, BC
527 Michigan St, Victoria, BC
527 Michigan St, Victoria, BC
527 Michigan St, Victoria, BC

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The Redstone Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Other Buildings in Complex and/or Area

  1. The Redstone - 440 Parry ST - VIS6549
  2. 419 Parry - 419 Parry ST - VIS1631
  3. Parry Manor - 420 Parry ST -
  4. Carriage House - 320 Menzies ST - VIS3929
  5. 444 Michigan - 444 Michigan ST - VIS454
  6. The Vicino - 225 Menzies ST - VIS6403
  7. 579 Marifield - 579 Marifield AVE - VIS5441
  8. 521 Simcoe - 521 Simcoe ST - VIS1105
  9. Carriage Walk - 247 Government ST - VIS6018
  10. The Copper Beeches - 159 Clarence ST - VIS387
  11. Orchard House - 647 Michigan ST - VIP22534
  12. Roberts House - 620 Toronto ST - VIS4612
  13. Duet - 646 Michigan ST - VIP64547
  14. 406 Simcoe - 406 Simcoe ST - VIS935
  15. The Camelot - 455 Kingston ST - VIS4686

Click on the map to go to LIVE map of Victoria.

Area Rentals

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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 Keep on top of conflicts before they are an issue
Strata owners working on a major construction projects on the strata building have to disclose any conflict of interest.
Council members have specific limitations imposed by act #LesTwarog
2016/12/08 The Province
2 The Columbia at 285 Nelson’s Court New Westminster 242 homes in a 26-storey tower by Wesgroup Properties
The Columbia at Brewery District in New Westminster has several points of interest for homebuyers.
The Columbia at Brewery District fashioned to reflect New Westminster’s char
2016/12/08 The Province
3 Rising house values lock more Metro Vancouver residents out of homeowners' grant
Inflation of house prices past $1.2 million makes it difficult for owners on fixed income to pay taxes.
A 50 % increase in assessed value will keep most from grant
2016/12/08 The Province
4 Debt, delinquency rates rise in oil producing provinces
Canadians are increasing their debt load, but are managing the debt overall.
Debt increases by 3.6 per cent #LesTwarog
2016/12/08 REP
5 Edmonton prices gain despite higher inventory
Single family home prices rose 1.76%. Condos dropped slightly.
Home prices for most property typed continue to rise
2016/12/06 REP
6 BC Commercial Leading Indicator Continues to Push Higher
The BCREA Commercial indicator increased 0.48 points to 122.7 in the second quarter of 2016.
Job growth in key sectors and consumer demand led to a higher 3rd quarter #LesTwarog
2016/12/05 BCREA
7 Westside at Orchard Grove 16422 26th Avenue South Surrey 53 single family detached homes by Miracon
Westside development has the Orchard series and the Signature series floor plans.
Myriad options on offer at Miracon's Westside #LesTwarog
2016/12/03 The Vancouver Sun
8 Richmond firm New Coast Realty fined by Real Estate Council for unlicensed services
Two years after an audit for unlicensed services the New Coast Realty was fined $7,500 by BC Real Estate Council.
New Coast Realty fined for unlicensed services #LesTwarog
2016/12/03 The Vancouver Sun
9 More data on foreign ownership sorely needed – analyst
More data is needed to fully understand the Canadian real estate current conditions of high prices, high demand and low inventory.
Foreign ownership plays only a minor role in the record-breaking price increas
2016/12/02 Mortgage Broker News
10 CMHC: Foreign buyers are not the problem
Foreign buyers own only 2.2 per cent of condos in Vancouver. The domestic market is the driving force behind the high prices.
High prices a Vancouver problem #LesTwarog
2016/12/02 Mortgage Broker News
11 Foreign buyers double in month in Victoria-area housing market
Sales to foreign buyers in the Victoria area jumped to 6.3 percent in October.
Foreign buyers switched to Victoria #LesTwarog
2016/12/01 The Vancouver Sun
12 New tribunal aims to streamline resolutions for strata disputes
Tony further explains the Civil Resolution Tribuanal of B.C.
Tribunal to help resolve strata disputes
2016/12/01 The Province
13 Allwood Place 2800 Allwood Street Abbotsford 32 townhomes plus the Alder Club in the 1st phase of 224 townhouses total by The Onni Group
Allwood Place show home interior by Dianna Sung is highlighted.
Shapes provide building blocks for decor of Onni Group’s townhomes in Abbots
2016/12/01 The Province
14 6 ways safety influences Chinese when investing abroad
Chinese buyers put safety at the top of their agenda when making a purchase.
Chinese buyers will put an estimated $220 billion into overseas property by 20
2016/12/01 other
15 Foreign ownership still low says CMHC
Foreign owners prefer newer and larger condo complexes.
Foreign ownership is one factor influencing the Canadian real estate market #L
2016/12/01 REP
16 Forecasts and foreclosures: What does newest Metro Vancouver real estate prediction mean?
Owners who can't pay the mortgage in a hot market can sell or refinance. But when prices drop foreclosures go up.
Foreclosures are governed by the rise and fall of real estate prices
2016/11/30 The Province
17 B.C. home prices expected to drop
The average home price is predicted to drop 6.4 percent in 2017.
Industry association’s chief economist points to foreign buyer tax as one fa
2016/11/30 The Province
18 BC Home Sales to Decline in 2017 from Record Pace
The British Columbia Real Estate Association (BCREA) released its 2016 Fourth Quarter Housing Forecast.
BCREA 2016 Fourth Quarter Housing Forecast #LesTwarog
2016/11/29 BCREA
19 Airbnb, New York settle suit on short-term sublet law
The new law in NYC restricts short-term rentals in the city. Airbnb can't advertise rentals shorter then 30 days. If they do there is a $7500 fine.
New York City bands short-term rentals
2016/11/28 other
20 Triomphe 1904 Gilmore Avenue Burnaby 340 homes in a 46 storey tower by Millennium Development Group
Triomphe is one block from the city limit of Vancouver. Ideal for first time buyers.
‘This is as close to Vancouver as you can get without paying Vancouver price
2016/11/26 The Vancouver Sun
More News