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Building & Condo information

Springwood

1318 Vining St


Victoria, V8R 1P6 VI0030 - Fernwood

  • Levels: 2
  • Suites: 20
  • Status: Completed
  • Built: 1981
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Strata Plan: VIS1152
  • Bldg#: 8517

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Springwood MLS® Listings

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Building Info

Springwood - 1318 Vining Street, Victoria, BC V8T 1G5, Canada. Strata Plan VIS1152. Crossroad are Fermwood Road and Gladstone Avenue located in the Fernwood neighborhood in Victoria. Springwood is 2 storeys with 4 units townhouse. Built in 1981. Maintenance fees includes building insurance, garbage pickup, caretake, water and yard maintenance. Other buildings in the complex include 4 units at 1319 Gladstone Avenue, 4 units at 1314 Vining Street, 4 units at 1315 Gladstone Avenue and 4 units at 1323 Gladstone Avenue a total of 20 units in the complex.

Nearby parks include Alexander Park, Stadacona Park and Queens Park. Nearby schools are Victoria High School, Elizabeth Buckley School, Victor School, Victoria School for Ideal Education, George Jay Elementary, Eaton Arrowsmith School, Victoria, Global Village English Centes - GV Victoria, St. Michaels University Schools and Cloverdale Traditional School. Supermarkets and Grocery Stores nearby are Market On Yates, Fisfard Market Ltd., Quonley's Gifts & Grocery, Seven Valley Fine Food & Deli, Little Gem Grocery and Blair Mart Mediterranean Foods. Short drive to Downtown area, Gordon Head and Hillside Mall.

 

Strata Sub Categories: Strata
 

Springwood Technical Info

Building Name Springwood
Address 1318 Vining St
City Victoria
Neighborhood Fernwood
Listing Price Range N/A
Floors 2
Units in Development: 4
Units in Strata:20
Property Types Frhld/strata
Sub Categories:Strata
Year Built 1981
Restrictions Details
Strata Plan VIS1152
Title to Land Frhld/strata
  

Springwood Building & Common Area Photos

Springwood - 1318 Vining St, Victoria, BC - Birds eye view
Springwood - 1318 Vining St, Victoria, BC - Birds eye view
Springwood - 1318 Vining St, Victoria, BC - Birds eye view
Springwood - 1318 Vining St, Victoria, BC - Building exterior

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

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Other Buildings in Complex/Area

  1. A Springwood - 1314 Vining ST - VIS1152
  2. B Springwood - 1315 Gladstone AVE - VIS1152
  3. C Springwood - 1319 Gladstone AVE - VIS1152
  4. D Springwood - 1323 Gladstone AVE - VIS1152
  5. E Draye Heights - 6838 West Grant RD - VIS6844
  6. F 1353 Grant - 1353 Grant ST - VIS2812
  7. G 1358 Gladstone - 1358 Gladstone AVENUE - VIS3510
  8. H 1264 Gladstone - 1264 Gladstone AVE - VIS4628
  9. I 1515 Camosun - 1515 Camosun STREET - VIS5067
  10. J Lord Elford - 1500 Elford ST - VIS1980
  11. K The Aragon - 1252 Pandora AVE - VIS1148
  12. L Spring Ridge - 1249 Pandora AVE - VIS1663
  13. M The Lady Diana - 1217 Pandora AVE - VIS1726
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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

Victoria News articles Search Victoria News 

# Article Publish Date Source
1 A recent report outlines Victoria’s market vulnerablity
“The evidence of overvaluation remains low as housing prices remain close to the levels supported by housing market fundamentals,” CMHC chief economist Bob Dugan said late last week, as quoted by the Financial Post.
Victoria housing market hovering at a more vulnerable state
2020/02/25 Mortgage Broker News
More News

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