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Building & Condo information

1407 Government

1407 Government St


Victoria, V8W 1Z7 VI0015 - Downtown

  • Levels: 3
  • Suites: 6
  • Status: Completed
  • Built: 1901
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Strata Plan: VIS1633
  • Bldg#: 9517

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1407 Government MLS® Listings

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Building Info

1407 Government Street, Victoria, BC V8W 1Z1, Canada. Strata plan number VIS1633. Crossroads are Government Street and Johnson Street. This mixed-use building is 3 storeys with 6 units. Built in 1901. Maintenance fees includes building insurance, garbage pickup, management and water.

Located in the heart of Downtown Victoria. Steps away from shopping, coffee shops, restaurants and other amenities. A 2-minute walk to Pacific Rim College. Other schools nearby are Victoria Chinese Public School, Elizabeth Buckley Middle School and St Andrew's Elementary School. Grocery stores and supermarkets nearby are A Mart Korean Grocery, Fisgard Market Ltd, Tai Sang Grocery, Cinema Convenience Store, Blair Mart Mediterranean Foods, Mediterranean And Middle Eastern Foods, Wellburn's Market, Victoria Public Market at the Hudson and Market On Yates. Walking distance to City of Victoria Municipal Hall, The Bay Centre and McPherson Playhouse.

Strata Sub Categories: Strata
 

1407 Government Technical Info

Building Name 1407 Government
Address 1407 Government St
City Victoria
Neighborhood Downtown
Listing Price Range N/A
Floors 3
Units in Development: 6
Units in Strata:6
Property Types Frhld/strata
Sub Categories:Strata
Year Built 1901
Restrictions Details
Strata Plan VIS1633
Title to Land Frhld/strata
  

1407 Government Building & Common Area Photos

1407 Government Street, Victoria, BC
1407 Government Street, Victoria, BC
1407 Government Street, Victoria, BC
1407 Government Street, Victoria, BC

1407 Government Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Other Buildings in Complex/Area

  1. A The E.G. Prior Building - 1401 Government ST - VIS1633
  2. B Monaco - 610 Johnson ST - VIS6304
  3. C The Vogue - 599 Pandora AVE - VIS6012
  4. D 595 Pandora - 595 Pandora AVENUE - EPS3741
  5. E Union - 528 Pandora AVE - EPS1833
  6. F The Oriental - 562 Yates STREET - EPS460
  7. G The Leiser Building - 524 Yates STREET - VIS6630
  8. H Swans Hotel Pub & Cafe - 510 Pandora AVE -
  9. I 1315 Waddington - 1315 Waddington ALLEY - VIS6999
  10. J 1441 Store - 1441 Store STREET - VIS1580
  11. K Station Hotel - 501 Pandora AVE - VIS1580
  12. L The Leiser Building - 534 Yates STREET - VIS6630
  13. M Waddington Alley Flats - 1310 Waddington ALLEY - EPS2086
  14. N 1610 Store St - 1610 Store ST -
  15. O The Union - 517 Fisgard ST - EPS1833
  16. P La Roux Patisserie - 519 Fisgard ST - EPS1833
  17. Q 2573 Kilgary Pl - 2573 Kilgary PL - VIP54874
  18. R 532 Fisgard - 532 Fisgard STREET - VIS4896
  19. S 601 Herald - 601 Herald STREET - EPS569
  20. T Cityzen Residences - 613 Herald STREET - EPS5226
  21. U The Hudson - 770 Fisgard STREET - EPS254
  22. V Victoria Regent - 1234 Wharf ST - VIS962
  23. W Johnson Street Gateway - 1324 Wharf STREET -
  24. X Mermaid Wharf - 409 Swift ST - VIS4930
  25. Y Mermaid Wharf - 407 Swift ST - VIS4930
  26. Z Juliet - 760 Johnson ST - VIS6683
View All Buildings in Victoria

Victoria Real Estate Board Update

Victoria housing market continues to adapt to long-term lack of supply

 

September 1, 2021 A total of 831 properties sold in the Victoria Real Estate Board region this August, 15.1 per cent fewer than the 979 properties sold in August 2020 and 0.5 per cent fewer than the previous month of July. Condominium sales were up 31.7 per cent from August 2020 with 345 units sold. 21.5 per cent more condominiums sold in August 2021 than in the previous month of July. Sales of single family homes were down 29.9 per cent from August 2020 with 357 sold. 9.8 per cent fewer single family homes sold in August 2021 than in the previous month of July.

"Year over year numbers might indicate a slowing of our market, but there are two important factors to consider," said Victoria Real Estate Board President David Langlois. "The first is that our market is starved for inventory. It should come as no surprise that with half the available inventory of last August we sold fewer homes this August. Without the significant lack of inventory we're experiencing, sales would most certainly have been comparable to, if not greater than, last August. The second factor is that the previous ten-year running average for sales in the month of August is 675 properties, so with 831 properties changing hands this August, it is clear that our market remains very robust and that lack of supply is the biggest issue impacting attainability for our community.”

There were 1,120 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2021, 56.7 per cent fewer properties than the 2,584 available at the end of August 2020 and 11.8 per cent fewer than the 1,270 active listings for sale at the end of July 2021.

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2020 was $889,800. The benchmark value for the same home in August 2021 increased by 22.4 per cent to $1,089,400, a 0.7 per cent increase from the previous month of July. The MLS® HPI benchmark value for a condominium in the Victoria Core in August 2020 was $483,400, while the benchmark value for the same condominium in August 2021 was $540,600, an 11.8 per cent increase.

"The federal election will focus on each party's proposed policies and programs for housing," added Langlois. "The primary issue for housing attainability has been and remains one of supply. While increasing a consumer's ability to pay through tax free savings accounts, extended mortgage terms, or altering stress test provisions may assist some buyers to obtain housing, it will do nothing to slow the price appreciation that the systemic lack of housing supply continues to fuel. Specific commitments such as incentivising municipalities with infrastructure grants for density improvements, increasing on-campus housing, supporting co-op and leasehold developments and utilizing surplus federal lands to directly add to housing stock can all provide a path to more supply. Debates about bidding processes and foreign buyers do not offer material solutions to improve supply nor the attainability of housing. The municipal, provincial and federal governments' failure to support real growth and diversity in housing stocks has created the market conditions we find ourselves in today. Housing policy matters and we hope that all voters consider what each party proposes and the potential impact to our market."

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 1,456 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

 

Victoria BC Real Estate Stats - August 2021

Victoria Real Estate Market Update - August 5, 2021

Inventory is down.

Frank Rudge October 2017 VREB Report

Sales for October down 10% from last year. Listing are down 3% from September.

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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