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Rainbow Hill

4045 Rainbow St


Saanich East, V8X 2A8 SE0205 - SE High Quadra

Official Website: www.rainbowhill.ca Marketers Website: www.remax-camosun-victoria-bc.com
  • Levels: 2
  • Suites: 27
  • Status: Completed
  • Built: 2012
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Bldg#: 9096

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Rainbow Hill MLS® Listings

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Building Info

Rainbow Hill - 4045 Rainbow Street, Victoria, V8X 2A8, 2 levels, 20 townhomes, Estimated completed 2012, crossroads areRainbow Street and McKenzie Avenue. Perched atop one of the highest points in Greater Victoria, The Rainbow Hill at Saanich is an up-scale community with extraordinary views of the city, the Strait of Juan de Fuca, and the Olympic Mountains beyond. This project includes 12 single families, 27 town homes, and two condominium buildings with total 77 units.

Durable, energy efficient and attractive homes are set among leafy sidewalks, community trails and extensive green spaces. Both single family houses and town homes combine the West coast modern architecture with natural surroundings, matched with contemporary floor plans and clad in natural materials. Contemporary three bedroom homes feature high ceilings, floor to ceiling windows, Maple Wood flooring, custom cabinets, Quartz countertops, glass tiled backsplash, high-end stainless steel appliances, and spa-inspired bathrooms with radiant in-floor heating, ceramic tile floors, Caesarstone countertops and deep soaker tubs. Large private decks invite outdoor entertaining, and attached two car garages welcome residents of every home.

Rainbow Hill is adjacent to the Swan Lake Christmas Hill Nature Sanctuary, just minutes from downtown Victoria to the south and the Victoria International Airport and Swartz Bay Ferry Terminal to the north and Victoria General Hospital to the west. The location offers excellent access to transit service and is within a 1 km walk to a diverse range of amenities including Pacific Christian School, Rogers Elementary, St Andrew's Regional High, playgrounds, retail and professional offices, restaurants and a supermarket.

Sales Centre: www.remax-camosun-victoria-bc.com
Official Website: www.rainbowhill.ca
Phone: 250-220-5061
Sales Address: 4045 rainbow st, Victoria, BC. V8X 2A8
Strata Sub Categories: Strata
 

Rainbow Hill Technical Info

Building Name Rainbow Hill
Address 4045 Rainbow St
City Saanich East
Neighborhood SE High Quadra
Listing Price Range N/A
Floors 2
Units in Development: 4
Units in Strata:27
Property Types Frhld/strata
Sub Categories:Strata
Year Built 2012
Official Website www.rainbowhill.ca
Restrictions Details
Title to Land Frhld/strata
  

Typical Floor Plan (Click image to go to BCFP)

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

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Other Buildings in Complex/Area

  1. A Rainbow Hill - 4014 Rainbow STREET - VIP86255
  2. B Christmas Hill - 4073 Blackberry LANE - VIS4455
  3. C Christmas Hill - 4068 Blackberry LANE - VIS4622
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  9. I Lyra Residences Phase 2 - 4009 Rainbow Hill LANE - EPS3731
  10. J 4085 Douglas St - 4085 Douglas ST - VIS5581
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Victoria Real Estate Board Update

A balanced market means opportunity for buyers and sellers in Victoria

 

February 1, 2024  A total of 341 properties sold in the Victoria Real Estate Board region this January, 22.7 per cent more than the 278 properties sold in January 2023 and a 3.6 per cent increase from December 2023. Sales of condominiums were up 10.9 per cent from January 2023 with 112 units sold. Sales of single family homes increased 35 per cent from January 2023 with 162 sold.

 

"Our housing market eased into the new year with a renewed sense of balance," said 2024 Victoria Real Estate Board Chair Laurie Lidstone. "Sales were up slightly based off last year's very low numbers, and overall, we saw the stabilization that we observed in late 2023 continue into 2024. Mortgage rates have levelled out, inventory is slowly creeping back up, and we are no longer in that highly pressurized market of recent years which created complicated and sometimes stressful conditions for buyers and sellers."

 

There were 2,140 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2024, an increase of 0.4 per cent compared to the previous month of December and a 23.1 per cent increase from the 1,739 active listings for sale at the end of January 2023.

 

"I think this balance and stability in our market brings with it an optimistic outlook for the coming months," adds Chair Lidstone. "If balanced conditions continue, buyers and sellers will have more time to make decisions and there will be less pressure on pricing. Of course, there are many factors that impact the market here in Victoria, and as we've seen in the past things can change very rapidly. If you are considering selling or buying, connect with a local Realtor to identify where your opportunities are as we move towards spring."

 

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in January 2023 was $1,224,000. The benchmark value for the same home in January 2024 increased by 1.6 per cent to $1,244,000 down from December's value of $1,268,000. The MLS® HPI benchmark value for a condominium in the Victoria Core area in January 2023 was $562,200 while the benchmark value for the same condominium in January 2024 decreased by 0.6 per cent to $559,000, down from the December value of $562,000.

 

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 1,649 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.
 

 

Update From VREB Chair Graden Sol

NOVEMBER 2021 | Real Estate Market Update | Santa Clara County | Heather Lange Homes

Victoria BC Real Estate Stats - August 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.

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.