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Building & Condo information

Village Walk Victoria

1974 Oak Bay Ave


Victoria, V8R 1E3 VI0040 - Jubilee

Official Website: www.villagewalkvictoria.com Developers Website: abstractdevelopments.com
  • Levels: 4
  • Suites: 22
  • Status: Completed
  • Built: 2015
  • Title To Land: Freehold
  • Building Type: Strata
  • Strata Plan: VIP9846
  • Bldg#: 11614

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Village Walk Victoria MLS® Listings

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Building Info

1974 Oak Bay Avenue, Victoria, BC V8R 1E2, Canada. Strata plan  VIP9846. Crossroads are Oak Bay Avenue and Foul Bay Road located in Victoria. Developed by Abstract Development Inc.. Architecture by D'Ambrosio Architecture & Urbanism. Interior design by Nygaard Design. This development is 4 storeys with 22 condo units. Built in 2015. Amenities/features include bike storage, elevator, in suite laundry, storage. Nearby parks include Redfern Park, Firemans Park and Stadacona Park. Nearby schools are Oak Bay Parent Owned Pre-school, Victoria College Of Art, Sundance Elementary School, Nightingale Preschool & Junior Kindergarten, Glenlyon Norfolk School, St. Patrick's Elementary School, Oak Bay Secondary and Saint Michaels University School - Junior. Supermarkets and grocery stores nearby are Stadacona Food Market, Thrifty Foods, Cassey's Market, Fairfield Market and Oxford Foods. Short drive to downtown area and Tillicum Mall. 

*STOCK PHOTOS* Utilized from Developer Website

Official Website: www.villagewalkvictoria.com
Phone: 778.265.2050
Email: tony.zarsadias@fivestreet.me
Sales Address: 1969 Oak Bay Avenue, Victoria, British Columbia
Strata Sub Categories: Strata
 

Village Walk Victoria Technical Info

Building Name Village Walk Victoria
Address 1974 Oak Bay Ave
City Victoria
Neighborhood Jubilee
Floors 4
Units in Development: 22
Units in Strata:22
Property Types Freehold
Sub Categories:Strata
Year Built 2015
Developer Abstract Developments Inc.
Architect Name D'Ambrosio Architect
Architect Phone 250-384-2400
Architect Email mail@fdarc.ca
Designer Nygaard Interior Design
Official Website www.villagewalkvic
Restrictions Details
Strata Plan VIP9846
Title to Land Freehold
Emporis Village Walk Victo..
  

Village Walk Victoria Building & Common Area Photos

Village Walk Victoria
Village Walk Victoria
Village Walk Victoria
Village Walk Victoria

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

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Other Buildings in Complex/Area

  1. A Village Walk - 1969 Oak Bay AVE - EPS2135
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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