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Building & Condo information

970 Southgate

970 Southgate St
Victoria, V8W 2Y2 VI0019 - Fairfield

  • Levels: 3
  • Suites: 4
  • Status: Completed
  • Built: 1978
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Strata Plan: VIS714
  • Bldg#: 8231

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Building Info

970 Southgate - 970 Southgate Street, Victoria, BC V8V 2X8, Canada.  Strata plan VIS714, 3-levels, with 4 units condominium, Completion in 1978.  Located on Southgate Street and Vancouver Street, in the Fairfield neighborhood of Victoria.  Maintenance fees inlcude building insurance, garbage pickup, management, water and yard maintenance.  Walking distance to downtown and Cook Street Village.  Close to Lifestyle Markets, Starbucks, Victoria Food and Florist, South Park Family School, Lux Mundi, Oxford Foods, Starbucks Coffee, Cook Lt. Liquor, Pioneer Square.  Nearby parks include Beacon Hill Park, Pioneer Square and Chapman Park.

Strata Sub Categories: Strata
 

970 Southgate Technical Info

Building Name 970 Southgate
Address 970 Southgate St
City Victoria
Neighborhood Fairfield
Listing Price Range N/A
Floors 3
Units in Development: 4
Units in Strata:4
Property Types Frhld/strata
Sub Categories:Strata
Year Built 1978
Restrictions Details
Strata Plan VIS714
Title to Land Frhld/strata
  

970 Southgate Building & Common Area Photos

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970 Southgate Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Other Buildings in Complex/Area

  1. A Parkview Place - 928 Southgate ST - VIS389
  2. B 977 Convent - 977 Convent PL - VIS1234
  3. C Southgate Villa - 906 Southgate ST - VIS742
  4. D Edgemount Villa - 909 Pendergast ST - VIP19984
  5. E Admirals Landing - 1009 Southgate ST - VIS4224
  6. F 1026 Southgate - 1026 Southgate ST - VIS4844
  7. G The Fairhaven - 1035 Southgate ST -
  8. H 1013 Pendergast - 1013 Pendergast ST - VIS6230
  9. I Athlone - 895 Academy CLOSE - VIP5322
  10. J Southgate - 1040 Southgate ALLEY -
  11. K Villa Royale - 964 Heywood AVE - VIP22625
  12. L Pakington Manor - 1012 Pakington ST -
  13. M 1041 Southgate - 1041 Southgate STREET - EPS326
  14. N Yorkshire House - 935 Fairfield RD - VIS205
  15. O Southgate Manor - 1060 Southgate ALLEY - VIS4008
  16. P 936 Fairfield - 936 Fairfield RD - VIS3275
  17. Q Blair House - 978 Heywood AVE - VIS69
  18. R Southgate Villa - 1063 Southgate STREET - VIS2529
  19. S 306 Vancouver - 306 VANCOUVER STREET - VIS6893
  20. T Cedar Fair - 1025 Fairfield RD - VIS171
  21. U Sutlej Mews - 1060 Sutlej STREET - VIS1926
  22. V Minton House - 1070 Southgate ST - VIS3631
  23. W The Westfield - 1024 Fairfield RD - VIS365
  24. X Essencia Verde - 1035 Sutlej ST - VIS7041
  25. Y Seville - 1021 Collinson ST -
  26. Z The Lexington - 1012 Collinson ST - VIS386
View All Buildings in Victoria

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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