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Attention Property Managers, Building owners and Strata Council Members.


BCCondos.net, the largest and most comprehensive online source of strata building information in B.C., is pleased to announce that it is partnering with Titan Enersave, a Burnaby based LED lighting consultancy, to provide residential strata owners and property managers with an array of complementary value-added services as well as significant revenue generating and cost saving opportunities, which include:

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Building & Condo information

The Oriental

562 Yates Street, Victoria, V8W 1L4 VI0015 - Downtown

Official Website: www.lefevregroup.com/oriental/about.html Developers Website: www.lefevregroup.com
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Building Info

The Oriental - 562 Yates St, Victoria, BC V8W 1K8, Canada, 3 Storeys, 32 Units, Built 2011, Crossing roads: Yates Street and Langley Street. Built by award-winning heritage developer Le Fevre & Company, The Oriental is one of Victoria's historic Old Towne most respected Heritage conversion projects. With the large bay windows and exposed heritage materials like brick, timber and cedar, the Oriental is very hard to rival with its level of historic look & feel.

The Oriental contains 32 studio style loft units and 3 commercial spaces with a common area courtyard & roof top terrace. Unit sizes from 396 sq ft to 722 sq ft including the storage lofts. The purchase price includes Bicycle & storage vaults and ten years free of property taxes. Contemporary interiors boast custom laminate kitchen cabinetry, eating bar, stainless steel appliances, and combination washer/dryer.

Located in the downtown Victoria, The Oriental is just steps away from restaurants, Bay Center, and Victorias vibrant Inner Harbour, and a scenic walk to The Empress, Royal BC Museum, and The Royal Theatre. Outdoor enthusiasts will enjoy close proximity to the Galloping Goose walking/biking trail, Beacon Hill Park, and the Dallas Road waterfront.

Official Website: www.lefevregroup.com/oriental/about.html
Phone: 250-380-4900
Email: [email protected]
Sales Address: 562 Yates Street Victoria British Columbia 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.
 

 

The Oriental Technical Info

Building Name The Oriental
Address 562 Yates Street
City Victoria
Neighborhood Downtown
Listing Price Range N/A
Floors 3
Units in Development: 32
Units in Strata:32
Property Types Freehold Strata
Sub Categories:Strata
Year Built 2011
Developer Le Fevre & Company
Official Website www.lefevregroup.com/oriental/about.html
Restrictions Details
Strata Plan EPS460
Title to Land Freehold Strata


Developer Brochure(WM)

The Oriental MLS® Listings And/Or Area MLS® Listings

"Sorry but there are no listings for sale in this building but here are some area listings within 1 KM"
View All Area MLS® Listings: within 1 km

The Oriental Building & Common Area Photos (Click To Enlarge) (Print View)

562 Yates St, Victoria, BC 562 Yates St, Victoria, BC 562 Yates St, Victoria, BC 562 Yates St, Victoria, BC

Typical Floor Plan (Click image to enlarge)

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Videos

The Oriental Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

Google Street View
Bing Areal View
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Please click the image above to view respective full map. This will open in a new window.

Other Buildings in Complex and/or Area

  1. The Leiser Building - 524 Yates STREET - VIS6630
  2. The Leiser Building - 534 Yates STREET - VIS6630
  3. 1315 Waddington - 1315 Waddington ALLEY - VIS6999
  4. 2573 Kilgary Pl - 2573 Kilgary PL - VIP54874
  5. Waddington Alley Flats - 1310 Waddington ALLEY - EPS2086
  6. 1407 Government - 1407 Government ST - VIS1633
  7. Victoria Regent - 1234 Wharf ST - VIS962
  8. The E.G. Prior Building - 1401 Government ST - VIS1633
  9. Monaco - 610 Johnson ST - VIS6304
  10. The Hudson - 770 Fisgard STREET - EPS254
  11. 595 Pandora - 595 Pandora AVENUE - EPS3741
  12. Station Hotel - 501 Pandora AVE - VIS1580
  13. The Vogue - 599 Pandora AVE - VIS6012
  14. Union - 528 Pandora AVE - EPS1833
  15. 1441 Store - 1441 Store STREET - VIS1580
  16. Johnson Street Gateway - 1324 Wharf STREET -
  17. 1610 Store St - 1610 Store ST -
  18. Swans Hotel Pub & Cafe - 510 Pandora AVE -
  19. The Union - 517 Fisgard ST - EPS1833
  20. La Roux Patisserie - 519 Fisgard ST - EPS1833
  21. Duet - 640 Michigan STREET - EPS741
  22. The Sovereign - 608 Broughton STREET - EPS1336
  23. Mermaid Wharf - 409 Swift ST - VIS4930
  24. 532 Fisgard - 532 Fisgard STREET - VIS4896

Area Rentals

PM

Links & Resources

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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