595 Pandora at 595 Pandora Avenue, Victoria, BC, Canada, V8W 1N5. 595 Pandora is a no-expense-spared conversion of the former Ministry of Forests and Service Canada government building that was built in 1987. Located in downtown adjacent to Mountain Equipment Coop and Victoria's Historic China Town. 595 Pandora is a 5-storey revitalized building with 53 condo units with studios, 1 and 2 bedrooms ranging in size from 518 to 1,435 sq.ft. The ground floor houses commercial / retail stores.
Close to Victoria Chinese Public School, Fisgard Market, Quinley's Gifts & Grocery and Tai Sang Grocery. Market Square and The Bay Centre.
Clossroads are Government Street and Pandora Avenue.
595 Pandora Has City-Approved Zoning for Short Term and Executive Rental
595 Pandora offers a unique opportunity for your clients to own a move-in-ready property in the heart of Downtown Victoria's Lantern District. There are 6 stunning Terrace Homes remaining, and 595 Pandora is one of the few new developments zoned for short term and executive rental , making this Victoria's best investment opportunity.
The Terrace Collection at 595 Pandora
Suite # Suite Type Sq. Ft. Parking Storage Price
402 2 bedroom + den + flex 1,240 2 1 $1,057,900
403 2 bedroom + den + flex 1,218 1 1 $899,900
404 2 bedroom + den + flex 1,206 1 1 $1,029,900
405 2 bedroom 950 1 1 $719,900
406 2 bedroom 950 1 1 $769,900
408 2 bedroom + den + flex 1,415 1 1 $979,900
The top-floor Terrace Homes at 595 Pandora feature a premium Bosch appliance package - including 30" gas range, overheight ceilings, wide plank engineered hardwood flooring, and expansive patios perfect for taking in the best views in the city.
Exclusive Rental Management Provided by Spacehost
For investors at 595 Pandora looking into short term rental platforms such as AirBnB or VRBO, Spacehost is a local full-service property management company specializing in short term rentals in Downtown Victoria.
For an outline of Spacehost's full spectrum of services, and for more information on revenues for 595 Pandora, your clients can contact Nancy Paine at email@example.com.
Approved zoning for short term rentals presents a rare opportunity for your clients to take advantage of B.C.'s fastest-growing real estate market! For further inquiries regarding 595 Pandora, or to book a private appointment to view these stunning Terrace Homes with your clients, please call our Magnum Team in Victoria at 250-888-1117 or at firstname.lastname@example.org.
Victoria Real Estate Board Update
Victoria Real Estate Market Starts the Year with Fewer Listings and Above Average Activity
February 1, 2017 - A total of 478 properties sold in the Victoria Real Estate Board region this January, 11.3 per cent fewer than the 539 properties sold in January last year.
Inventory levels edged lower, with 1,516 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2017, 38.6 per cent fewer than the 2,471 active listings at the end of January 2016.
"The numbers we saw last year are not the new normal. We know that we are not going to see sales volumes this year that meet or beat last year's record breaking numbers," notes 2017 Board President Ara Balabanian. "When compared to the month of January's ten year average, which is 384 transactions, sales in January 2017 are nearly 25 per cent higher than average. The least active January we saw in the past ten years was in 2009 with 247 sales, and the most active was last year."
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in January 2016 was $616,700. The benchmark value for the same home in January 2017 has increased by 24.4 per cent to $767,000.
"It's early in the year to make predictions," adds President Balabanian. "Over the last few decades, the historic cycle in Victoria is longer periods of stable activity and price followed by a rapid rise in activity and property values over a relatively short period of time. The coming months will provide us with a better idea of where we are in this cycle."
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 1,327 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