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Building & Condo information

Water's Edge

485 Island Hwy


View Royal, V9B 1E1 VI0005 - Burnside

  • Levels: 3
  • Suites: 69
  • Status: Completed
  • Built: 1983
  • Title To Land: Frhld/strata
  • Strata Plan: VIP63687
  • Bldg#: 8159

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Water's Edge MLS® Listings

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Building Info

Water's Edge - 485 Island Hwy Victoria, BC V9B 1E1, Canada. Strata plan VIP63687. Completed 1983. Water's Edge is a 3-storey building with 69 units ocean view apartments. Crossroads are Island Highway and Six Mile Road located is in the neoughbourhood of View Royal in Victoria. Maintenance fees includes caretaker, management and water.

Nearby parks include Thetis Lake Ca

 

Water's Edge Technical Info

Building Name Water's Edge
Address 485 Island Hwy
City View Royal
Neighborhood Burnside
Listing Price Range N/A
Floors 3
Units in Development: 69
Units in Strata:69
Property Types Frhld/strata
Year Built 1983
Restrictions Details
Strata Plan VIP63687
Title to Land Frhld/strata
  

Water's Edge Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Victoria Real Estate Board Update

Victoria Spring market far from the usual as real estate continues to react to pandemic

 

May 1, 2020  A total of 287 properties sold in the Victoria Real Estate Board region this April, 58.8 per cent fewer than the 696 properties sold in April 2019 and 52.8 per cent fewer than the previous month of March 2020. Sales of condominiums were down 64 per cent from April 2019 with 73 units sold. Sales of single family homes were down 55.8 per cent from April 2019 with 163 sold.

"We continue to see the impact of the COVID-19 pandemic on the local real estate market," says Victoria Real Estate Board President Sandi-Jo Ayers. "Sales numbers are much lower than what we expected to see this spring and new listings are slow to come to market as owners wait to see what our community's trajectory is over the course of this pandemic. As a result, the available inventory of properties for sale remains lower than in April last year. Like so many other industries, much of the real estate market is watching, waiting and adapting."

There were 2,305 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of April 2020, 16.2 percent fewer properties than the total available at the end of April 2019 but a 2.4 per cent increase from the 2,252 active listings for sale at the end of March 2020.

"Real estate services and REALTORS® were declared an essential service by our province in March in order to protect consumers who need to make real estate transactions during this time," adds Ayers. "This responsibility has opened opportunities for our profession to adapt our way of doing business to ensure our community's health is protected. Technology has allowed us to move much of our work online. Now you can participate in an open house from the comfort of your couch and manage your contracts and negotiations securely online. Of course, the vast majority of transactions still require an in-person showing at some point and so local Realtors are ensuring they are adhering to the advice of the Provincial Health Officer. We know that we are in complex times, but also that some people need to buy and sell. Our message has been and will be moving forward - if you need us, we are here."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in April 2019 was $843,500. The benchmark value for the same home in April 2020 increased by 4.6 per cent to $882,700, 0.6 per cent more than March's value of $877,700. The MLS® HPI benchmark value for a condominium in the Victoria Core area in April 2019 was $512,700 while the benchmark value for the same condominium in April 2020 increased by 3.5 per cent to $530,700, 0.2 per cent less than the March value of $531,900.

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 1,387 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. For a list of live stream open houses, visit openhousesvictoria.ca. 

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


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