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4061 Larchwood Dr

4061 Larchwood Dr


Saanich East, V8V 3K4 SE0200 - SE Gordon Head

  • Levels: 3
  • Suites: 83
  • Status: Completed
  • Built: 1973
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Strata Plan: VIS5763
  • Bldg#: 8375

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4061 Larchwood Dr MLS® Listings

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Building Info

Cedar Lane at 4061 Larchwood Drive, Victoria, BC V8V 3K4, Canada, strata plan VIS5763. A 3-level 83 units townhouse development, renovated in 2007.  Cedar Lane development located in prime Gordon Head.  Close to Pioneer Square park, Harris Green Park, Tuscany Village for groceries, Mason Street Park, Recreation Centre, schools, library, theatres, bus routes and within walking distance to University of Victoria.

Crossroads are Larchwood Drive and Laval Avenue. Maintenance fees include building insurance, garbage pickup, management, water and yard maintenance.

Strata Sub Categories: Strata
 

4061 Larchwood Dr Technical Info

Building Name 4061 Larchwood Dr
Address 4061 Larchwood Dr
City Saanich East
Neighborhood SE Gordon Head
Listing Price Range N/A
Floors 3
Units in Development: 6
Units in Strata:83
Property Types Frhld/strata
Sub Categories:Strata
Year Built 1973
Restrictions Details
Strata Plan VIS5763
Title to Land Frhld/strata
  

4061 Larchwood Dr Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Other Buildings in Complex/Area

  1. A 1022 Fort - 1022 Fort ST - VIS6085
  2. B 1026 Fort - 1026 Fort ST - VIS6085
  3. C Mosaic - 1061 Fort ST - VIS4928
  4. D The Jigsaw - 1030 Meares STREET - VIS5087
  5. E Meares Park Place - 1025 Meares ST - VIS3171
  6. F Regents Park - East Tower - 1020 View ST - VIS2133
  7. G Chevington Manor - 1040 Rockland AVE - VIS116
  8. H Rockland Park - 1014 Rockland AVE - VIS3156
  9. I Regents Park - West Tower - 1010 View ST - VIS2133
  10. J Rockland - 1052 Rockland AVE - VIS639
  11. K 1137 Meares - 1137 Meares STREET - VIS6682
  12. L Zen - 1121 Fort ST - EPS523
  13. M Chelmsford Manor - 1041 Rockland AVE - VIS175
  14. N 1030 Yates - 1030 Yates ST - VIS5679
  15. O Rockland Court - 924 Cook ST - VIS475
  16. P Newhaven Court - 1119 View ST - VIS1538
  17. Q 933 Meares - 933 Meares ST - VIS5713
  18. R The Monterey - 1015 Johnson ST - VIS4816
  19. S Rockland - 1115 Rockland AVE - VIS143
  20. T Waterford Estates - 1137 View ST - VIS1088
  21. U The Bossi House - 1007 Johnson ST - VIS6976
  22. V The Monterey - 1011 Johnson ST - VIS48160
  23. W Legato - 960 Yates ST - EPP52584
  24. X 989 Victoria - 989 Johnson STREET -
  25. Y Copa Pacific - 1031 Burdett AVENUE - VIS752
  26. Z The Manhattan - 930 Yates ST - VIS3861
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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

Victoria News articles Search Victoria News 

# Article Publish Date Source
1 A recent report outlines Victoria’s market vulnerablity
“The evidence of overvaluation remains low as housing prices remain close to the levels supported by housing market fundamentals,” CMHC chief economist Bob Dugan said late last week, as quoted by the Financial Post.
Victoria housing market hovering at a more vulnerable state
2020/02/25 Mortgage Broker News
More News

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