Duet - 640 Michigan Street, Victoria, BC V8V 1S9, Canada. Strata plan number EPS741. Two condo buildings, 8 and 4 storeys, 90 units, completed in Fall 2014. Located at 640 Michigan Street in Victoria's James Bay just 1/2 block to Beacon Hill Park and 4 blocks to Downtown Victoria, Duets two modern buildings, Duet East - an 8-storey concrete and steel building and Duet West - a 4-storey wood-frame construction, will bring 90 units to this unique neighbourhood. Developer is Chard Development Ltd. and design by Victorias de Hoog & Kierulf architects and Vancouvers Musson Cattell Mackey Partnership with Construction by Victorias Farmer Construction. Interior design by Proscenium Architecture + Interior.
Duet will offer externsive landscaping including Garden Suites with walk-out terraces, a central semi-private courtyard and quintessentially Victorian Akebono cherry trees, amenities, video enterphone, storage lockers, secure bike storages, a fully-furnished conference room and onsite resident manager. Exteriors of brick and pre-cast concrete will be accented with natural wood and metal details. Inside, every suite features floor to ceiling windows, wide plank laminate flooring, and gourmet kitchens with wood kitchen cabinets, full-height natural stone backsplashes, quartz countertops and high-end stainless steel appliances.
Just steps away from Beacon Hill Park, the Dallas Road waterfront, Victorias picturesque Inner Harbour, BC Legislature, schools, community centers, boutique village shopping and countless activities, Duet residents will enjoy a quality of life
quantifiably by hours lived in happiness.
Duet MLS® Listings And/Or Area MLS® Listings
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Duet display suite - living room
Duet display suite - living & dining room
Duet display suite - kitchen
Duet display suite - kitchen
Duet display suite - kitchen & dining
Duet display suite - terrace
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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