Element Beachside Residences - 2580 Penrhyn Street, Victoria, BC V8N 1G3, Canada. Strata plan number VIP8197. Crossroads are Penrhyn Street and Cadboro Bay Road. This development is a three-storey, fourteen-unit building. Warm, west coast architecture accented with natural details in wood, stone, and glass blends seamlessly with the tree-lined streets and sandy beaches of Cadboro Bay. Element residences are available in one and two bedroom units, some with dens, and all in a variety of thoughtful configurations, designed for inspired everyday living. Designed and built by Abstract Developments. Interior design by Nygaard Interior Design.
Nearby parks include Cadboro-Gyro Park, Benson Park and Arbutus Park. The closest schools are Frank Hobbs Elementary, Frank Hobbs Out Of School Care, Emmanuel Preschool, Arbutus Middle School, University of Victoria, Campus View Elementary School, Mount Douglas Secondary, Maria Montessori Academy and Camosun College - Lansdowne Campus. Nearby grocery stores are For Good Measure and Peppers Grocery.
Element Beachside Residences Technical Info
||Element Beachside Residences
||2580 Penrhyn Street
||SE Cadboro Bay
|Units in Development: ||14|
|Units in Strata:||14|
||Abstract Developments Inc.|
|Strata Plan Log-in
Element Beachside Residences Documents
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Victoria Real Estate Board Update
Victoria Real Estate Market Statistics for August 2017
Sept 1, 2017 - A total of 736 properties sold in the Victoria Real Estate Board region this August, 16.6 per cent fewer than the 883 properties sold in August last year.
"I admit to being a little surprised by the August numbers," notes Victoria Real Estate Board President Ara Balabanian. "I expected inventory numbers to be climbing by now, but instead we've seen even lower numbers of listings on the market. This is likely leading to some buyer fatigue along with pressure on pricing in high demand areas."
There were 1,917 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2017, a decrease of four properties compared to the month of July, and 8.5 per cent fewer than the 2,094 active listings for sale at the end of August 2016.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2016 was $743,200. The benchmark value for the same home in August 2017 has increased by 10.8 per cent to $823,100.
"Though much too early to call a trend, we do see that the August HPI benchmark value for single family homes in the Victoria Core area has decreased by 1.3 per cent when compared to July. This is the first time we've noted a decrease in HPI values since August 2015." adds President Balabanian. "That said, this is not an indicator of a huge change in property values across our region. We've seen a phenomenally busy two years in real estate for our area and we are likely heading towards a period of more balanced activity. Note too, that though the overall HPI value shows a small month over month decrease - specific areas and specific types of product have seen increases. For example, condominiums across the entire region are up by half a percent compared to the previous month and single family homes in North Saanich have increased in benchmark value by almost one per cent. It's for reasons like these that now more than ever it makes sense to seek the assistance of a local REALTOR® to sell or buy your home."
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 Victoria Market Report for May 2017