The Belvedere - 788 Humboldt St, Victoria, BC V8W 4A2, Canada. Strata Plan VIS6102. Crossroads are Humboldt Street and Penwel Street. This development is 17 storeys with 77 units modern condo. Built in 2006. Maintenance fees includes building insurance, caretaker, garbage pickup, hot water, management, rec facility, water and yard maintenance. The Belvedere beautiful modern condo located on the 11th floor of one of the finest buildings in Victoria, with a view overlooking the ocean, mountains, and Beacon Hill park. Located within 2 minute walking distance of the Harbour and nearly every major attraction & amenities within Victoria. Transit is just a 1 minute walk. The Belvedere is a very quiet building with many amenities, lounge area with pool table, fireplace and lounge chairs and a gym for your work outs.
Nearby parks include Pioneer Square, Quadra Park and Irving Park. Short drive to Downtown area, Oak Bay, Willows and Gordon Head. Nearby Schools are Pacific School of Innovation and Inquiry, GEOS Languages Plus Victoria, Christ Church Cathedral School, South Park Elementary School, George Jay Elementary School, Christ Church Cathedral Pre-School, Victor School and Esquimalt High School. Supermarkets and grocery stores nearby are, Fisgard Market Ltd. Quonley's Gifts & Grocery, Seven Valley Fine Food & Deli and Birdcage Confectionary.
Strata Sub Categories: Strata Condos
The Belvedere Technical Info
||788 Humboldt St
|Listing Price Range
|Units in Development: ||77|
|Units in Strata:||77|
|Sub Categories:||Strata Condos
|Title to Land
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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)