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Building & Condo information

1407 Government

1407 Government St, Victoria, V8W 1Z7 VI0015 - Downtown

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Building Info

1407 Government Street, Victoria, BC V8W 1Z1, Canada. Strata plan number VIS1633. Crossroads are Government Street and Johnson Street. This mixed-use building is 3 storeys with 6 units. Built in 1901. Maintenance fees includes building insurance, garbage pickup, management and water.

Located in the heart of Downtown Victoria. Steps away from shopping, coffee shops, restaurants and other amenities. A 2-minute walk to Pacific Rim College. Other schools nearby are Victoria Chinese Public School, Elizabeth Buckley Middle School and St Andrew's Elementary School. Grocery stores and supermarkets nearby are A Mart Korean Grocery, Fisgard Market Ltd, Tai Sang Grocery, Cinema Convenience Store, Blair Mart Mediterranean Foods, Mediterranean And Middle Eastern Foods, Wellburn's Market, Victoria Public Market at the Hudson and Market On Yates. Walking distance to City of Victoria Municipal Hall, The Bay Centre and McPherson Playhouse.

Strata Sub Categories: Strata

Victoria Real Estate Board Update

A balanced market means opportunity for buyers and sellers in Victoria

 

February 1, 2024  A total of 341 properties sold in the Victoria Real Estate Board region this January, 22.7 per cent more than the 278 properties sold in January 2023 and a 3.6 per cent increase from December 2023. Sales of condominiums were up 10.9 per cent from January 2023 with 112 units sold. Sales of single family homes increased 35 per cent from January 2023 with 162 sold.

 

"Our housing market eased into the new year with a renewed sense of balance," said 2024 Victoria Real Estate Board Chair Laurie Lidstone. "Sales were up slightly based off last year's very low numbers, and overall, we saw the stabilization that we observed in late 2023 continue into 2024. Mortgage rates have levelled out, inventory is slowly creeping back up, and we are no longer in that highly pressurized market of recent years which created complicated and sometimes stressful conditions for buyers and sellers."

 

There were 2,140 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2024, an increase of 0.4 per cent compared to the previous month of December and a 23.1 per cent increase from the 1,739 active listings for sale at the end of January 2023.

 

"I think this balance and stability in our market brings with it an optimistic outlook for the coming months," adds Chair Lidstone. "If balanced conditions continue, buyers and sellers will have more time to make decisions and there will be less pressure on pricing. Of course, there are many factors that impact the market here in Victoria, and as we've seen in the past things can change very rapidly. If you are considering selling or buying, connect with a local Realtor to identify where your opportunities are as we move towards spring."

 

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in January 2023 was $1,224,000. The benchmark value for the same home in January 2024 increased by 1.6 per cent to $1,244,000 down from December's value of $1,268,000. The MLS® HPI benchmark value for a condominium in the Victoria Core area in January 2023 was $562,200 while the benchmark value for the same condominium in January 2024 decreased by 0.6 per cent to $559,000, down from the December value of $562,000.

 

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 1,649 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.
 

 

1407 Government Technical Info

Building Name 1407 Government
Address 1407 Government St
City Victoria
Neighborhood Downtown
Listing Price Range N/A
Floors 3
Units in Development: 6
Units in Strata:6
Property Types Frhld/strata
Sub Categories:Strata
Year Built 1901
ManagementConfidential
Restrictions Details
Strata Plan VIS1633
Title to Land Frhld/strata


1407 Government MLS® Listings And/Or Area MLS® Listings

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1407 Government Building & Common Area Photos (Click To Enlarge) (Print View)

1407 Government Street, Victoria, BC 1407 Government Street, Victoria, BC 1407 Government Street, Victoria, BC 1407 Government Street, Victoria, BC

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Other Buildings in Complex and/or Area

  1. The E.G. Prior Building - 1401 Government ST - VIS1633
  2. Monaco - 610 Johnson ST - VIS6304
  3. The Vogue - 599 Pandora AVE - VIS6012
  4. 595 Pandora - 595 Pandora AVENUE - EPS3741
  5. Union - 528 Pandora AVE - EPS1833
  6. The Oriental - 562 Yates STREET - EPS460
  7. The Leiser Building - 524 Yates STREET - VIS6630
  8. Swans Hotel Pub & Cafe - 510 Pandora AVE -
  9. 1315 Waddington - 1315 Waddington ALLEY - VIS6999
  10. 1441 Store - 1441 Store STREET - VIS1580
  11. Station Hotel - 501 Pandora AVE - VIS1580
  12. The Leiser Building - 534 Yates STREET - VIS6630
  13. Waddington Alley Flats - 1310 Waddington ALLEY - EPS2086
  14. 1610 Store St - 1610 Store ST -
  15. The Union - 517 Fisgard ST - EPS1833
  16. La Roux Patisserie - 519 Fisgard ST - EPS1833
  17. 2573 Kilgary Pl - 2573 Kilgary PL - VIP54874
  18. 532 Fisgard - 532 Fisgard STREET - VIS4896
  19. 601 Herald - 601 Herald STREET - EPS569
  20. Cityzen Residences - 613 Herald STREET - EPS5226
  21. The Hudson - 770 Fisgard STREET - EPS254
  22. Victoria Regent - 1234 Wharf ST - VIS962
  23. Johnson Street Gateway - 1324 Wharf STREET -
  24. Mermaid Wharf - 409 Swift ST - VIS4930
  25. Mermaid Wharf - 407 Swift ST - VIS4930
  26. Juliet - 760 Johnson ST - VIS6683

Area Rentals

PM

Update From VREB Chair Graden Sol

Dec

NOVEMBER 2021 | Real Estate Market Update | Santa Clara County | Heather Lange Homes

Victoria BC Real Estate Stats - August 2021

A total of 831 properties sold in the Victoria Real Estate Board region this August, 15.1 per cent fewer than the 979 properties sold in August 2020 and 0.5 per cent fewer than the previous month of July. Condominium sales were up 31.7 per cent from August 2020 with 345 units sold. 21.5 per cent more condominiums sold in August 2021 than in the previous month of July. Sales of single family homes were down 29.9 per cent from August 2020 with 357 sold. 9.8 per cent fewer single family homes sold in August 2021 than in the previous month of July.

Victoria Real Estate Market Update - August 5, 2021

Inventory is down.

Frank Rudge October 2017 VREB Report

Sales for October down 10% from last year. Listing are down 3% from September.
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