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Building & Condo information

601 Herald

601 Herald Street
Victoria, V8T 4K6 VI0015 - Downtown

Official Website: theaireygroup.com/project/601-herald Marketers Website: pembertonholmes.com/vic-ofc-realtors.html?alpha=N Developers Website: www.theaireygroup.com
  • Levels: 4
  • Suites: 27
  • Status: Completed
  • Built: 2011
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Strata Plan: EPS569
  • Bldg#: 10524

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Building Info

601 Herald - 601 Herald Street, Victoria, BC V8T 4K6, Canada. Strata plan number EPS569. Located in a corner between Herald Street and Government Street. 601 Herald is 4 stories with 27 units, built in 2011. Offering functional and elegant boutique style residences in an exceptional location. 601 offers a variety of well-designed floor plans to choose from, and every effort has been made to ensure each home is as functional as it is inviting. The custom designed kitchens are a focal point of every unit, featuring quality finishing, plenty of storage space and optional upgrades of islands and built in microwaves. Nearby parks include Reeson Park, Wark Street Commons and Royal Athletic Park. Nearby schools include Kung Fu Club, Carpe Noctem Dance School and Pacific Rim College. The closest grocery stores are Tai Sang Grocery, Jia Hua Trading Co Ltd and Fisgard Market Ltd. Nearby coffee shops include Brasserie L'Ecole, Union Pacific Coffee Co Ltd and QV Cafe & Bakery. There are 253 restaurants within a 15 minute walk including Herald Street Caffe, Cascadia Wholefoods Bakery and Jam Cafe. Maintenance fees includes Building Insurance, Garbage Pickup, Management, Recreation Facility, Water and Yard Maintenance. Developed by The Airey Group. Architecture by Matrix Architecture and Planning. Interior design by Evoke International Design. 

Sales Centre: pembertonholmes.com/vic-ofc-realtors.html?alpha=N
Official Website: theaireygroup.com/project/601-herald
Phone: (250) 383-1725
Sales Address: 601 Herald Street, Victoria
Strata Sub Categories: Strata
 

601 Herald Technical Info

Building Name 601 Herald
Address 601 Herald Street
City Victoria
Neighborhood Downtown
Floors 4
Units in Development: 27
Units in Strata:27
Property Types Frhld/strata
Sub Categories:Strata
Year Built 2011
Developer The Airey Group
Architect Name Matrix Architecture
Architect Phone 604-688-0333
Architect Email info@matrixarchitecture.ca
Designer Evoke International Design
Official Website theaireygroup.com/
Restrictions Details
Strata Plan EPS569
Title to Land Frhld/strata
Emporis 601 Herald

601 Herald Documents

  

601 Herald Building & Common Area Photos

601 Herald Victoria BC, Exterior
601 Herald Victoria BC, Exterior
601 Herald Victoria BC, Exterior
601 Herald Victoria BC, Exterior

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Other Buildings in Complex/Area

  1. A Cityzen Residences - 613 Herald STREET -
  2. B 648 Herald - 648 Herald STREET - VIS5362
  3. C 555 Chatham - 555 Chatham STREET - VIS5035
  4. D 532 Fisgard - 532 Fisgard STREET - VIS4896
  5. E La Roux Patisserie - 519 Fisgard ST - EPS1833
  6. F The Union - 517 Fisgard ST - EPS1833
  7. G The Vogue - 599 Pandora AVE - VIS6012
  8. H Union - 528 Pandora AVE - EPS1833
  9. I Swans Hotel Pub & Cafe - 510 Pandora AVE -
  10. J 595 Pandora - 595 Pandora AVENUE -
  11. K 1407 Government - 1407 Government ST - VIS1633
  12. L Mermaid Wharf - 409 Swift ST - VIS4930
  13. M The E.G. Prior Building - 1401 Government ST - VIS1633
  14. N 1441 Store - 1441 Store STREET - VIS1580
  15. O 1610 Store St - 1610 Store ST -
  16. P Station Hotel - 501 Pandora AVE - VIS1580
  17. Q Monaco - 610 Johnson ST - VIS6304
  18. R Mermaid Wharf - 407 Swift ST - VIS4930
  19. S Denby Place - 770 Cormorant ST - VIS1190
  20. T Corazon - 732 Cormorant ST - VIS5950
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Area Rentals From Craigslist

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Area Rentals From Padmapper

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

Frank Rudge Victoria Market Report for May 2017

Sales were down 22% for may over last year. Listings are up 12% from last year.
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Victoria News articles Search Victoria News 

# Article Publish Date Source
1 Victoria poised to become a sellers' market in 2020
Victoria's housing market is expected to be favourable for home sellers next year, according to the latest outlook by RE/MAX. While conditions are likely to be balanced as 2020 unfolds, RE/MAX said the conditions in the British Columbian capital are expected to lean towards a sellers' market. In fact, the region's average sale price is projected to increase by 3% to $698,661 over the next 12 months as demand remains high and supply remains limited. "Housing affordability continues to challenge buyers in this region when it comes to homeownership and rentals due to lack of supply. Demand for condos continues to rise as many first-time homebuyers can afford this property type," RE/MAX said. Neighbourhoods in the south, such as Fairfield, Rockland, Gonzales, James, and Downtown, are poised to be property hotspots next year due to high demand. In terms of growth in sales prices, the top Victorian neighbourhoods are Saanich, Langford, Oak Bay, and Sidney. First-time and move-up buyers are expected to drive the demand for property types such as condominiums, two-storey detached homes, and townhouses, according to RE/MAX. Copyright © 2019 Key Media Pty Ltd
Victoria real estate market leaning towards a sellers’ market
2019/12/05 Canadian Real Estate Wealth
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