Archived blog posts for : 2021

SOLD! 303 1619 Morrison St

Posted on February 26, 2021 by The Preferred Homes Team (Re/Max Camosun)

Posted in Vi Downtown, Victoria Real Estate

We have just sold another property at 303 1619 Morrison St. We would love to sell your property,

This is your opportunity to own a coveted corner suite in the newly rejuvenated Morrison Manor! A major exterior renewal project including all new vinyl windows, new balconies with frosted glass enclosures, new rainscreen siding, and more, has just completed – all funded by the current owner. Now, you can just move in and enjoy this great building. Even among corner suites, this one is special with its large living room windows looking through the pine trees, a real wood-burning fireplace to cozy up to, double large balconies, and kitchen with a peaceful eating area surrounded on three sides by huge windows. What an excellent layout! Even better, this suite enjoys in suite laundry, underground secure parking, a storage locker, and welcomes two pets without size restriction. Vacant and offering immediate occupancy, this is an unbeatable opportunity to get into a very popular building at a great price for such a special 1 bedroom condo.

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SOLD! 3489 Myles Mansell Rd

Posted on February 26, 2021 by The Preferred Homes Team (Re/Max Camosun)

Posted in La Walfred, Langford Real Estate

We have just sold another property at 3489 Myles Mansell Rd. We would love to sell your property,

See details here

Enter the spacious main level of this home and enjoy open plan living featuring a large kitchen, white quartz island, roomy living room, cozy gas fireplace, and a huge deck with valley views. Upstairs, the great layout continues with three bedrooms, including a master ensuite with walk-in closet, double sinks and heated floors. Head to the lower level and a massive family room or home theatre greets you. The quality details continue with high ceilings, ultra-efficient gas heat & on-demand hot water, quartz counters throughout, garage, a 10-year home warranty, and time-proven construction by the Limona Group - one of Victoria’s most awarded local developers with over 35 years of experience. Located on the quiet, south-end of Jacklin Road in a peaceful neighbourhood with valley views, yet close to shopping, entertainment, and much more, this is a great place to call home! Price + GST. Move in by Feb 25, 2021. No property transfer tax for most buyers saves over $10,000!

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JUST LISTED: 4048 Cedar Hill Cross Rd - $899,900

Posted on February 23, 2021 by The Preferred Homes Team (Re/Max Camosun)

Posted in SE Lake Hill, Saanich East Real Estate

JUST LISTED: 4048 Cedar Hill Cross Rd - $899,900

See details here

This updated home features 3 bedrooms on the main level and a 2 bedroom suite on the ground level. It is conveniently located in the highly sought after Lakehill neighbourhood minutes away from grocery stores, schools, bus routes, parks, and trails. Some of the recent updates include windows, hot water tanks, bathroom, sundeck and floorings. The main level is fresh and clean and has been recently renovated. It features a spacious living room, an eat in kitchen and a massive sundeck. The suite has an open floor plan and a sunny western exposure. With a +/-8,400 sf lot there is plenty of parking for cars or an RV. This is a gem! A building pre-inspection has been done to facilitate the sale of this home.

Learn More: 4048-Cedar-Hill-Cross-Rd-mylistings-93803355.property

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SOLD! 703 930 Yates St

Posted on February 17, 2021 by The Preferred Homes Team (Re/Max Camosun)

Posted in Vi Downtown, Victoria Real Estate

We have just sold another property at 703 930 Yates St. We would love to sell your property,

See details here

The Manhattan is a premiere downtown 16 storey steel and concrete high rise that offers an on-site fitness studio, a meeting room and a guest suite. It has secured underground parking & separate storage, both by wait list. Rentals, barbecues and pets are permitted. This mint condition one bedroom suite has been updated and is vacant for immediate possession. It features in-suite laundry, an updated kitchen with quality stainless appliances, a spotless 4 piece bathroom and a large full length sundeck with distant city and ocean views. With a 97 Walk Score it is central to cafes, restaurants, transportation and all the amenities that the downtown has to offer. Across the street are groceries at the Market on Yates, Starbucks coffee, Bin4 Burger Lounge, COBS Bread, London Drugs, & more. Embrace the downtown lifestyle! Act fast on this one...

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SOLD! 1175 Verdier Ave

Posted on February 13, 2021 by The Preferred Homes Team (Re/Max Camosun)

Posted in CS Brentwood Bay, Central Saanich Real Estate

We have just sold another property at 1175 Verdier Ave. We would love to sell your property,

See details here

Just steps from the heart of vibrant Brentwood Bay village we think that you will love this large 4-5 bedroom home with a 2 bedroom mortgage helper on the lower level. Inside, this house is newly refreshed and in move-in condition featuring oak floors, new light fixtures, a spacious eat-in kitchen, a large living room with fireplace, family room, gas furnace, gas-fired hot water, and new blinds throughout. All of this comes in a versatile family-friendly layout with plenty room for the entire family, plus abundant storage and even a garage. Parking is abundant with two driveways, ideal for RV or boat parking. The oversize lot of nearly 12,000 sqft, zoned R2, is fully fenced and offers a flat, spacious, south facing rear yard, perfect for kids & pets while the family enjoys the sun from the south facing deck. In such a peaceful quiet location, but with the restaurants and shopping of Brentwood Bay just a block away, this is an ideal family home or long term investment property.

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SOLD! 637 Transit Rd

Posted on February 10, 2021 by The Preferred Homes Team (Re/Max Camosun)

Posted in OB South Oak Bay, Oak Bay Real Estate

We have just sold another property at 637 Transit Rd. We would love to sell your property,

See details here

Beautifully updated character home in prestigious Oak Bay. Covered porch welcomes. Interior is bright & immaculately maintained with gleaming hardwood floors and large picture windows. Open kitchen appointed with high end appliances, quality wood cabinetry, central island & adjacent eating area. Formal dining rm accommodates large gatherings with cozy fireplace. Another fireplace on opposing wall provides ambience for inviting living rm. 2 bedrooms, one with 4pc ensuite, & 2pc bath complete the level. Entire upper dedicated Master retreat including: sitting area, office nook, walk-in closet, storage & 4pc ensuite. Walkout lower provides 3 bedrooms, rec room, laundry, 4pc bath & unfinished space to develop as desired. ¼ acre of private park-like yard bursting with vibrant flowers, diverse foliage & mature trees. Nature sanctuary with wrap around patio & sundeck. Easy access to the Victoria Golf Club, Anderson Hill Park, Oak Bay Marina, great schools & Oak Bay Village.

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Rental rates 3.3% in Victoria

Posted on February 8, 2021 by The Preferred Homes Team (Re/Max Camosun)

CMHC has released their rental market report for Canada. Rent rates in Victoria are up 3.3%. Combined with capital appreciation, investing in rental properties continues to be a sold bet.

Click here to read the full report.

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Is the Current Real Estate Market Unprecedented?

Posted on February 6, 2021 by The Preferred Homes Team (Re/Max Camosun)

As we continue into 2021, the robust market that we experienced through most of 2020 continues unabated. Record low interest rates and a serious shortage of inventory is creating an increasing number of multiple offer situations, especially on single family homes.

However, condos are also starting to feel the heat. As house prices rise out of reach for many buyers, our internal research is now showing a rapid increase in competition for condos, especially in the last week. We expect this trend to continue and intensify rapidly. Consider this fair warning to condo buyers to act quickly.

How you feel about these market conditions clearly depends on whether you are a buyer or a seller. For sellers, there is an immense opportunity right now to sell at the highest prices that we have seen, especially for difficult to sell homes. Inventory could eventually build and moderate demand, but until that happens, there is a great short term opportunity.

For buyers, the market is extremely frustrating, and often heartbreaking, as dream homes receive multiple offers, often without conditions. Although it can be tempting to simply give up, working hard to secure a home before prices rise further could end up being the winning move. Buyers are strongly encouraged to make sure that their financing pre-approval is in perfect shape and to consider conducting a building inspection prior to writing an offer. With so much competition for each home, a strong offer with few or no conditions often wins the prize.

Although this market may feel unprecedented, it really isn’t. As recent as the spring of 2017 we experienced similar low inventory levels with an even higher percentage of multiple offers. Whether buying, selling, or both, you can rely on our experience to guide you these market conditions.

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