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Building & Condo information

Oak Beach Hotel

1175 Beach Drive
Victoria, V8S 2N2 VI0015 - Downtown

Official Website: www.oakbaybeachhotel.com/location.php Developers Website: www.walkerhospitality.com
  • Levels: 6
  • Suites: 100
  • Status: Completed
  • Built: 2012
  • Title To Land: Freehold
  • Building Type: Strata Condos
  • Strata Plan: EPS1032
  • Management company:  Confidential
  • Bldg#: 8932

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Building Info

Oak Bay Beach Hotel - 1175 Beach Drive, Victoria, BC V8S 2N2, 6 8 levels, 100 units, estimated completion in spring 2012 - located at the corner of Beach Drive and Margate Avenue in Victoria's tony Oak Bay neighbourhood. Currently under redevelopment, when the Oak Bay Beach Hotel re-opens in Spring 2012, Oak Bay Beach Hotel will be Victoria's first five-star full-service hotel and spa with private residences that is being developed, built and designed by Walker Hospitality, Metro-Can (General Contractor), Bas Smith Architect and Porada Design as the interior designer.

Inspired by an English country manor house theme, this iconic seaside hotel will comprise 100 furnished vacation hotel suites and 20 penthouse and sub-penthouse private residences in six storeys from Beach Drive and eight storeys from the ocean side. The vacation hotel suites feature fireplaces, expansive windows, full kitchens, flat screen TV, and 24-hour room services; 20 executive private homes offer sweeping panoramic ocean, mountain, and city views, spacious open floor plans, gourmet kitchens, spa inspired bathrooms and much more. Monthly strata fees for private residences average 50 cents a square foot, and include access to the hotel's services and amenities, heating and cooling, garbage/recycling, and a residence butler. Owners of vacation hotel suites pay no monthly fees.

The new Oak Bay Beach Hotel will provide world-class services that includes seaside mineral pools, a spa, live dinner theatre performances, library, the Snug Pub, 24-hour room service and concierge, butler service available for all guests, In-room chefs for suites, professional meeting space, and a three-level underground parkade.

Nestled on the shores of the Pacific Ocean in prestigious Oak Bay, Oak Bay Beach Hotel is just minutes away from Victoria Golf Club, the quaint boutique shops, cafes and galleries of Oak Bay Village. Its in an area full of promise with parks, walking trails and developing local amenities. Only a short drive youll find Downtown Victoria with Save-On foods, Starbucks, and dozens of shops and service.

Official Website: www.oakbaybeachhotel.com/location.php
Phone: 250 598 4556
Email: www.oakbaybeachhotel.com/location.php
Sales Address: 1111 Wharf Street Victoria, BC V8W 1T7
Strata Sub Categories: Strata Condos

Oak Beach Hotel Technical Info

Building Name Oak Beach Hotel
Address 1175 Beach Drive
City Victoria
Neighborhood Downtown
Listing Price Range N/A
Floors 6
Units in Development: 100
Units in Strata:100
Property Types Freehold
Sub Categories:Strata Condos
Year Built 2012
Developer Walker Hospitality
Architect NameBas Smith Architect
Architect Phone 250-382-4240
Designer Porada Design Group Canada
Official Website www.oakbaybeachhotel.com/
ManagementConfidential
Restrictions Details
Strata Plan EPS1032
Title to Land Freehold

Oak Beach Hotel MLS® Listings And/Or Area MLS® Listings

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Oak Beach Hotel Building & Common Area Photos

1175 Beach Dr, Victoria, BC
1175 Beach Dr, Victoria, BC
1175 Beach Dr, Victoria, BC
1175 Beach Dr, Victoria, BC

Oak Beach Hotel Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Victoria Real Estate Board Update

Victoria Real Estate Market Continues to Stabilize

 

October 1, 2018  A total of 533 properties sold in the Victoria Real Estate Board region this September, 16.7 per cent fewer than the 640 properties sold in September of last year, and a 10.3 per cent decrease from August 2018. Sales of condominiums were down 30.4 per cent from last year in September with 149 units sold. Sales of single family homes were down 9.2 per cent from 2017 with 285 sold this September.

"This year's housing market has continued to behave as we've expected, moderating after the record setting pace of 2016 and adjusting to various government measures such as tightening mortgage qualification rules that were intended to cool the market," says Victoria Real Estate Board President Kyle Kerr. "We continue to see a reduction in sales when we compare to recent years and prices stabilizing across the market, with some variation in value in niche, higher end homes."

There were a total of 2,646 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2018, an increase of 5 per cent compared to the month of August and 33.9 per cent more than the 1,976 active listings for sale at the end of September 2017.

"If you are considering buying or selling a home, you need to understand your local market, particularly in the context of your property type and price point," adds President Kerr. "Micro markets in our area behave very differently as they are influenced by different pressures. The under $800,000 housing market in some areas is under tremendous pressure as many buyers compete for these homes. The multimillion-dollar market in other areas is currently experiencing less pressure and we can see price flexibility coming into play in the 1.5 million dollar plus market. And although we saw a bump in inventory at the start the year, those inventory levels have stabilized as well. So buyers still face a market with much less inventory available than the historical average. Your local REALTOR® can help you understand the best way forward for your selling or buying plans based on current and granular data and market insights."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in September 2017 was $832,000, while the benchmark value for the same home in September 2018 increased by 6.2 per cent to $883,700, slightly lower than August's value of $888,300. The MLS® HPI benchmark value for a condominium in the Victoria Core area in September 2017 was $457,700, while the benchmark value for the same condominium in September 2018 increased by 9.9 per cent to $503,000, exactly the same as August's value.

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 1,379 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

 

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Frank Rudge October 2017 VREB Report

Frank Rudge Victoria Market Report for May 2017

Sales were down 22% for may over last year. Listings are up 12% from last year.
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