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Building & Condo information

Olympia Cottage

20 Paddon Ave
Victoria, V8V 2M5 VI0045 - James Bay

  • Levels: 2
  • Suites: 4
  • Status: Completed
  • Built: 1995
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Strata Plan: VIS3872
  • Bldg#: 8104

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Olympia Cottage MLS® Listings

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Building Info

Olympia Cottage - 20 Paddon Ave, Victoria, BC V8V 1E5, Canada. Strata Plan VIS3872. Crossroads are Crossroad are Dallas Road and Battery Street locates in the James Bay neighborhood in Victoria. This 2-level character conversion townhouse has 4 units. It was constructed in 1903 and converted in 1995 into townhouses. Maintenance fees include building insurance, garbage pickup and water. Architect: George Charles Mesher.

Nearby parks include Beacon Hill Park, Irving Park and Macdonald Park. Short drive to downtown area, Gordon Head, Beacon Hill, Royal Oak and Majestic. Nearby Schools are Sir James Douglas Elementart School, Pacific Rim College, Study Victoria, Victoria High School, George Jay Elementary School and Ecole Victo Brodeur. Supermarkets and Grocery Stores nearby are Market On Yates, Thrifty Foods, Oxford Foods, Little Gem Grocery, Fisgard Market Ltd. and Niagara Grocery.

Strata Sub Categories: Strata
 

Olympia Cottage Technical Info

Building Name Olympia Cottage
Address 20 Paddon Ave
City Victoria
Neighborhood James Bay
Listing Price Range N/A
Floors 2
Units in Development: 4
Units in Strata:4
Property Types Frhld/strata
Sub Categories:Strata
Year Built 1995
Architect NameGeorge Charles Meshe
Restrictions Details
Strata Plan VIS3872
Title to Land Frhld/strata
  

Olympia Cottage Building & Common Area Photos

20 Paddo Victoria BC Building Exterior
20 Paddon Victoria BC Building Exterior
20 Paddon Victoria BC Birds Eye View
20 Paddon Victoria BC Birds Eye View

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

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Other Buildings in Complex/Area

  1. A Ocean Villa - 20 Olympia AVE - VIP17955
  2. B Tigh Na Mara - 25 Government ST - VIS89
  3. C Dallas Place - 670 Dallas ROAD - VIS30
  4. D Park Olympic Height - 660 Battery ST -
  5. E Magnolia House - 36 South Turner ST - VIS117
  6. F 120 Douglas - 120 Douglas ST - VIS755
  7. G Shorewood House - 562 Rithet ST - VIS146
  8. H Arran House - 545 Rithet STREET - VIS185
  9. I 188 On The Park - 188 Douglas ST - VIS2056
  10. J The Breakwater - 525 Rithet ST -
  11. K Holland Point - 502 Dallas RD - VIS4227
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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