Ovation - 1315 Esquimalt Road, Victoria, BC V9A 3R5, 4 Storeys, 84 Units, Built 2009, Crossroads are Esquimalt Road and Admirals Road. Located just west of the City of Victoria, Ovation by Van-Isle Projects is a collection of contemporary apartment residences designed to blend with this distinctive environment.
Designed by award-winning dHKa Architects, this limited collection of one, two and three bedroom homes ranging from 634 to 1,314 sq.ft. boasts West Coast architecture. Inside, the carefully crafted homes feature contemporary finishes and imaginative floor plans that make the most of your living space. Homes feature spa-style bathrooms and ensuites, designer kitchens with granite countertops and stainless steel appliances and bright living rooms with Brazilian Cherry hardwood floors. Outdoor beauty is invited in through private patios or decks with spectacular ocean/ mountain views.
The Ovation units all include one parking space (secure underground parking), bike storage, one storage unit (located on the floor of the unit) and a complimentary gym pass for each owner at the on-site gym. The on-site gym features top-of-the-line Aloyd fitness equipment with cardio machines, dumbbell rack, two adjustable weight benches and a multi-gym, and lush courtyard and washroom facilities are just outide of the gym.
Situated in the Esquimalt community, this complex provided easy access to everything from steps to coffee shops, bistros, grocery store, bakery, public library, schools and the Esquimalt recreation centre, three blocks to Saxe Point Park featuring a jogging trail and beach, and a 5-minute drive to downtown Victoria.
Ovation Technical Info
||1315 Esquimalt Road
||Es Old Esquimalt
|Listing Price Range
|Units in Development: ||84|
|Units in Strata:||84|
||250 658 3367|
||Meade Design Group|
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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
Frank Rudge October 2017 VREB Report
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Frank Rudge Victoria Market Report for May 2017
Sales were down 22% for may over last year. Listings are up 12% from last year.
Victoria council eyes rezoning 500 buildings into forever rentals
VICTORIA — A sweeping zoning change under consideration by Victoria council to ensure purpose-built rental buildings remain rental is being met with dismay by landlords and developers.
Responds David Hutniak, CEO of Landlord B.C.: “This is a down-zoning. Some o
||The Vancouver Sun
Victoria’s residential market posts a subdued performance in June
“June has trended lower than May for the past few years and tends to signal the end of the active spring market,” Victoria Real Estate Board president Cheryl Woolley explained. “The summer months of July and August generally see less activity than the spring, as people’s attention shifts to vacation and away from real estate. This year, we have seen slightly more sales compared to June of last year.
June sales lower the May in Greater Victoria
||Canadian Real Estate Wealth