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Building & Condo information

127 Michigan

127 Michigan Street


Victoria, V8V 1R2 VI0045 - James Bay

  • Levels: 3
  • Suites: 4
  • Status: Completed
  • Built: 1979
  • Title To Land: Frhld/strata
  • Building Type: Strata Townhouses
  • Strata Plan: VIS533
  • Bldg#: 8510

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127 Michigan MLS® Listings

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Building Info

127 Michigan Street, Victoria, BC V8V 1R2, Canada. Strata pla number VIS533. Crossroads are Michigan Street and Montreal Street. Built in 1979. This development features 4, 3-storey townhouses. Maintenance fees includes Building Insurance, Management and Water.

Nearby parks are Fisherman's Wharf Park and MacDonald Park. Schools nearby are James Bay Community School and South Park Elementary School. Grocery stores and supermarkets nearby are Little Gem Grocery and Finest At Sea. Walking distance to Fisherman's Wharf and Ferry Ramp.

Strata Sub Categories: Strata Townhouses
 

127 Michigan Technical Info

Building Name 127 Michigan
Address 127 Michigan Street
City Victoria
Neighborhood James Bay
Listing Price Range N/A
Floors 3
Units in Development: 4
Units in Strata:4
Property Types Frhld/strata
Sub Categories:Strata Townhouses
Year Built 1979
Restrictions Details
Strata Plan VIS533
Title to Land Frhld/strata
  

127 Michigan Building & Common Area Photos

127 Michigan Victoria BC Building Exterior
127 Michigan Victoria BC Building Exterior
127 Michigan Victoria BC Birds Eye View
127 Michigan Victoria BC Building Exterior

127 Michigan Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Other Buildings in Complex/Area

  1. A 126 Ontario - 126 Ontario ST - VIS401
  2. B 134 Ontario - 134 Ontario ST - VIS369
  3. C 114 Ontario - 114 Ontario ST - VIS5317
  4. D 128 Michigan - 128 Michigan ST - VIS658
  5. E 132 Michigan - 132 Michigan ST - VIS544
  6. F 118 Michigan - 118 Michigan STREET - VIS759
  7. G Ontario Court - 109 Ontario ST - VIS559
  8. H 320 Montreal - 320 Montreal ST - VIS426
  9. I Foote House - 147 Ontario ST - VIS1901
  10. J Southport Village - 136 Superior ST - VIS4069
  11. K 113 Superior - 113 Superior ST - VIS2774
  12. L 209 Superior - 209 Superior ST - VIS6129
  13. M 230 Ontario - 230 Ontario ST - VIS6822
  14. N Southport Village - 131 Kingston ST - VIP59255
  15. O Southport Village - 135 Kingston ST - VIS4069
  16. P 156 St Lawrence - 156 St. Lawrence ST - VIS526
  17. Q Cambella Villa - 229 Ontario ST - VIS310
  18. R Ontario Court - 242 Ontario ST - VIS515
  19. S 150 St Lawrence - 150 St. Lawrence STREET - VIS4838
  20. T 28 Simcoe - 28 Simcoe ST - VIS242
  21. U The Reef - 21 Erie ST - VIS5471
  22. V 142 St Lawrence - 142 St Lawrence STREET - VIS2572
  23. W Harbourside - 630 Montreal ST - VIS1897
  24. X Brandy Manor - 245 Ontario ST - VIS370
  25. Y One One Eight - 118 Ladysmith ST - EPS1110
  26. Z 119 Ladysmith - 119 Ladysmith ST - VIS439
View All Buildings in Victoria

Area Rentals From Craigslist

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Area Rentals From Padmapper

Victoria Real Estate Board Update

Victoria Real Estate Market wraps up a relatively flat year for home sales

 

January 2, 2020  A total of 402 properties sold in the Victoria Real Estate Board region this December, 7.2 per cent more than the 375 properties sold in December 2018 and a 30.3 per cent decrease from November 2019. Sales of condominiums were up 17.5 per cent from December 2018 with 121 units sold. Sales of single family homes increased 13.8 per cent from December 2018 with 198 sold.

A grand total of 7,255 properties sold over the course of 2019, 1.47 percent more than the 7,150 that sold in 2018. 2019 sales came in at slightly under the ten-year average of 7,413 properties sold.

"Overall, our market throughout 2019 can be characterized as still active, slow to grow and low in supply," says 2019 Victoria Real Estate Board President Cheryl Woolley. "Last year we saw many prospective buyers sit on the sidelines waiting for inventory to be added. As a result of this unmet demand, there was and continues to be a push from consumers to create townhomes and condos at accessible price points. We began 2019 discussing the potential impact of various taxes and lending rules introduced by the federal and provincial governments that were designed to calm housing market activity - although this activity had already begun to slow following our hyper-active market in 2016/17. The most impactful government change we saw was the tighter mortgage lending rules, which lowered consumer borrowing power and made many unable to qualify for the value of mortgages they had in the past, therefore compressing more demand into our mid- and lower-priced property market."

There were 1,952 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December 2019, a decrease of 18.6 per cent compared to the month of November and a 1.8 per cent decrease from the 1,988 active listings for sale at the end of December 2018.

"Constant demand on this middle housing segment has put a moderate amount of pressure on pricing," adds Woolley. "And although we did not see huge price increases though 2019 like we did in the run up through 2016, we do see buyers entering into multiple offer situations and competing for properties. The high end of the market - over $1.5 million - has been softer, which is nice for a very small percentage of buyers in our area, but difficult on sellers who have seen some equity erode. The theme heading into 2020 does for now appear to be the limited selection of single-family homes and growth in pressure for more condos and townhomes. What remains consistent is that in this complex market, buyers and sellers value the assistance of their REALTOR® to navigate one of the biggest purchases most will make in their lifetime."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in December 2018 was $860,400. The benchmark value for the same home in December 2019 decreased by 0.6 per cent to $855,000, slightly less than November’s value of $855,400. The MLS® HPI benchmark value for a condominium in the Victoria Core area in December.

2018 was $503,000, while the benchmark value for the same condominium in December 2019 increased by 3.5 per cent to $520,700, slightly more than the November value of $517,000.

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 1,380 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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Victoria News articles Search Victoria News 

# Article Publish Date Source
1 Victoria poised to become a sellers' market in 2020
Victoria's housing market is expected to be favourable for home sellers next year, according to the latest outlook by RE/MAX. While conditions are likely to be balanced as 2020 unfolds, RE/MAX said the conditions in the British Columbian capital are expected to lean towards a sellers' market. In fact, the region's average sale price is projected to increase by 3% to $698,661 over the next 12 months as demand remains high and supply remains limited. "Housing affordability continues to challenge buyers in this region when it comes to homeownership and rentals due to lack of supply. Demand for condos continues to rise as many first-time homebuyers can afford this property type," RE/MAX said. Neighbourhoods in the south, such as Fairfield, Rockland, Gonzales, James, and Downtown, are poised to be property hotspots next year due to high demand. In terms of growth in sales prices, the top Victorian neighbourhoods are Saanich, Langford, Oak Bay, and Sidney. First-time and move-up buyers are expected to drive the demand for property types such as condominiums, two-storey detached homes, and townhouses, according to RE/MAX. Copyright © 2019 Key Media Pty Ltd
Victoria real estate market leaning towards a sellers’ market
2019/12/05 Canadian Real Estate Wealth
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