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You are here: BC > Victoria > Downtown > 562 Yates Street > The Oriental
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Building & Condo information

The Oriental

562 Yates Street, Victoria, V8W 1L4VI0015 - Downtown

Official Website: www.lefevregroup.com/oriental/about.html Developers Website: www.lefevregroup.com
  • Levels: 3
  • Suites: 32
  • Status: Completed
  • Built: 2011
  • Title To Land: Freehold Strata
  • Building Type: Strata
  • Strata Plan: EPS460
  • Management company:  
  •  Bldg#: 9290

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Building Info

The Oriental - 562 Yates St, Victoria, BC V8W 1K8, Canada, 3 Storeys, 32 Units, Built 2011, Crossing roads: Yates Street and Langley Street. Built by award-winning heritage developer Le Fevre & Company, The Oriental is one of Victoria's historic Old Towne most respected Heritage conversion projects. With the large bay windows and exposed heritage materials like brick, timber and cedar, the Oriental is very hard to rival with its level of historic look & feel.

The Oriental contains 32 studio style loft units and 3 commercial spaces with a common area courtyard & roof top terrace. Unit sizes from 396 sq ft to 722 sq ft including the storage lofts. The purchase price includes Bicycle & storage vaults and ten years free of property taxes. Contemporary interiors boast custom laminate kitchen cabinetry, eating bar, stainless steel appliances, and combination washer/dryer.

Located in the downtown Victoria, The Oriental is just steps away from restaurants, Bay Center, and Victorias vibrant Inner Harbour, and a scenic walk to The Empress, Royal BC Museum, and The Royal Theatre. Outdoor enthusiasts will enjoy close proximity to the Galloping Goose walking/biking trail, Beacon Hill Park, and the Dallas Road waterfront.

Official Website: www.lefevregroup.com/oriental/about.html
Phone: 250-380-4900
Email: lefevre@lefevregroup.com
Sales Address: 562 Yates Street Victoria British Columbia
Strata Sub Categories: Strata

The Oriental Technical Info

Building Name The Oriental
Address 562 Yates Street
City Victoria
Neighborhood Downtown
Listing Price Range N/A
Floors 3
Units in Development: 32
Units in Strata:32
Property Types Freehold Strata
Sub Categories:Strata
Year Built 2011
Developer Le Fevre & Company
Official Website www.lefevregroup.com/orie
Restrictions Details
Strata Plan EPS460
Title to Land Freehold Strata

The Oriental Documenets

The Oriental MLS® Listings And/Or Area MLS® Listings

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The Oriental Building & Common Area Photos

562 Yates St, Victoria, BC
562 Yates St, Victoria, BC
562 Yates St, Victoria, BC
562 Yates St, Victoria, BC

Typical Floor Plan (Click image to enlarge)

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The Oriental 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 Leiser Building - 524 Yates STREET - VIS6630
  2. The Leiser Building - 534 Yates STREET - VIS6630
  3. 1315 Waddington - 1315 Waddington ALLEY - VIS6999
  4. 2573 Kilgary Pl - 2573 Kilgary PL - VIP54874
  5. Waddington Alley Flats - 1310 Waddington ALLEY - EPS2086
  6. 1407 Government - 1407 Government ST - VIS1633
  7. Victoria Regent - 1234 Wharf ST - VIS962
  8. The E.G. Prior Building - 1401 Government ST - VIS1633
  9. Monaco - 610 Johnson ST - VIS6304
  10. The Hudson - 770 Fisgard STREET - EPS254
  11. 595 Pandora - 595 Pandora AVENUE -
  12. Station Hotel - 501 Pandora AVE - VIS1580
  13. The Vogue - 599 Pandora AVE - VIS6012
  14. Union - 528 Pandora AVE - EPS1833
  15. 1441 Store - 1441 Store STREET - VIS1580

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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

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