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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 Slowly Stabilizing after a Record Breaking 2016

 

November 1, 2017 A total of 664 properties sold in the Victoria Real Estate Board region this October, 9.7 per cent fewer than the 735 properties sold in October last year.

"As expected, we saw fewer sales than this time last year," notes Victoria Real Estate Board President Ara Balabanian. "Looking at the longer term picture however, sales last month were 17.1 per cent above the ten year average of 567 properties for the month of October, so the market is still very active here in Victoria, and this is in spite of the ongoing low inventory levels."

There were 1,905 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2017, a decrease of 3.6 per cent compared to the month of September and 1.7 per cent fewer than the 1,938 active listings for sale at the end of October 2016.

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2016 was $752,000. The benchmark value for the same home in October 2017 has increased by 9.3 per cent to $821,900, but is lower than July's value of $834,200.

"The fact that we've seen such a controlled levelling off in the market directly following a year which felt so uncontrollable in terms of demand and pressure on prices illustrates the depth and stability of the Victoria market. An unstable market may have experienced a heavy correction or shift, whereas in our market sales are moderating at a reasonable rate." adds President Balabanian. "In the coming months we expect to see less inventory on the market, because the year end changes buyer and seller behaviours, their focus shifts to holidays and winter weather. One unknown influence that may play on the winter market is the upcoming mortgage stress test. Some buyers may move their purchasing timelines forward to make their home purchases before the stress test on uninsured buyers (those with a downpayment of 20 per cent or more) becomes required January 1."

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 1,364 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

 

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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