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New property listed in SE Cordova Bay, Saanich East

I have listed a new property at 5188 Santa Clara Ave in Saanich. See details here

5188 Santa Clara - a charming starter home nestled in the picturesque community of Cordova Bay area. This rustic 3 bedroom, 2 bathroom home offers an ideal sanctuary for young families seeking comfort, convenience, & long-term options for growth. This pristine location is home to Victoria's finest schools, plenty of outdoor recreation, and is only minutes to downtown, the airport, & ferries. Nestled on a picturesque tree-lined street, the property consists of a private, level 75'X144' (10,800 sf) lot with the feel of living in rural Victoria. A welcoming & spacious patio is perfect for enjoying morning coffee & evening sunsets. Inside, you'll appreciate the cozy yet, spacious interior layout, designed with both functionality & comfort in mind. The open-concept living area seamlessly connects the living room, dining area, & kitchen, creating an inviting space for relaxation & entertainment.

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New property listed in La Langford Proper, Langford

I have listed a new property at 2831 Rita Rd in Langford. See details here

ATTENTION: DEVELOPERS! CONDO DEVELOPMENT SITE IN LANGFORD PROPER. This property is one of 3 lots (total of 27,220 sf) earmarked for a 4-story condo site with an FSR of 3:1 and a total buildable area of 81,717 sf. Well priced at $139/sf; this Property must be purchased in conjunction with 2827 & 2829 Rita Rd. Information package available. Very walkable location...near shopping, parks, restaurants & more, with easy access to major transportation routes. The entire building site is flat, and easy to build, with no significant trees.

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New property listed in La Langford Proper, Langford

I have listed a new property at 2829 Rita Rd in Langford. See details here

ATTENTION: DEVELOPERS! CONDO DEVELOPMENT SITE IN THE HEART OF LANGFORD. This property is one of 3 lots (total of 27,220 sf) earmarked for a 4-story condo site with an FSR of 3:1 and a total buildable area of 81,717 sf. Great walkable location...near shopping, parks, restaurants & more, with easy access to major transportation routes. The entire building site is flat and easy to build on, with no significant trees. Well priced at $139/sf; this Property must be purchased in conjunction with 2827 & 2831 Rita Rd. Information package available.

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New property listed in La Langford Proper, Langford

I have listed a new property at 2827 Rita Rd in Langford. See details here

ATTENTION: DEVELOPERS! CONDO DEVELOPMENT SITE IN LANGFORD PROPER. This property is one of 3 lots (total of 27,220 sf) earmarked for a 4-story condo site with an FSR of 3:1 and a total buildable area of 81,717 sf. Well priced at $139/sf; this Property must be purchased in conjunction with 2829 & 2831 Rita Rd. Information package available. Very walkable location...near shopping, parks, restaurants & more, with easy access to major transportation routes. The entire building site is flat, and easy to build, with no significant trees.

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Real Estate Market Forecast: Opportunities for Home Buyers and Sellers in 2024

Home buyers surprised everyone last spring when they shook off higher borrowing costs and showed up to new home sales in droves. The surge in competition for a still-limited pool of properties helped home prices pop and renewed sellers' confidence in their ability to get top dollar for a home. But experts caution that the 2024 housing market could unfold quite differently, especially if Canada's economy experiences another dip later this year.1

Ever since the Bank of Canada hiked interest rates last summer, home sales have dropped in many areas as buyers and sellers alike struggle to close deals.2 Canada’s economy has also softened, prompting some home buyers to move forward more cautiously.3 But with the Bank of Canada now widely expected to cut rates in the spring, competition could reheat quickly.4

Not every neighbourhood is cooling at the same rate either, making the familiar adage that “all real estate is local” especially relevant.5 With a market this fluid, the home buyers and sellers with an edge will be those who proactively leverage a real estate agent’s on-the-ground expertise and stay flexible so that they can quickly adapt to hyper-local changes.

What does that mean for you? Read on to learn more about the current state of the Canadian housing market, the potential opportunities for buyers and sellers, and economists’ predictions for the coming year.




MORTGAGE RATES MAY DROP SOONER THAN EXPECTED



The best news we've got incoming for 2024? The extra high mortgage rates that have weighed heavily on Canadian real estate for some time may finally be headed south.

Citing a global economic slowdown and improving inflation, policymakers at the Bank of Canada opted to leave the central bank's key rate unchanged in December after pushing rates to a 22-year high last summer.6 The feds cautioned that another rate hike was still possible in 2024. But now that Canada's economy is slowing down, market watchers widely predict that the central bank is more likely to cut rates instead—possibly as soon as March.7

Fixed mortgage rates could slide even more quickly. Market expectations have a big impact on bond yields. So, if traders expect a rate cut from the feds, bond yields are likely to drop even further. “It's all about expectations,” said Ratehub CEO James Laird to Global News.8

Already, the bond market has cooled significantly since autumn. As a result, Canadians with great credit may now be able to secure rates closer to 5% than 6%—and possibly even lower.9

If rates fall as expected, that could have an energizing effect on the housing market. As mortgage expert Clay Jarvis told Nerdwallet in 2023: “If fixed rates dip below 5% next year—and we’re not in a full-blown recession—it’s likely Canadians will return to the market fairly enthusiastically. The pent-up demand and FOMO will be too strong for many to resist.”10

What does it mean for you? If you're a prospective home buyer, declining mortgage rates could give you the opening you've been waiting for to purchase a home with a more affordable monthly payment. And if you buy before the market reheats, you could secure an especially good deal. To find the lowest rate, it pays to compare lenders. Ask us to refer you to a mortgage broker who can negotiate a competitive mortgage rate.Sellers also have reason to celebrate buyers' lower interest rates: As the barriers for entry to the housing market decline, sellers could enjoy more or better offers. Reach out to discuss how we can help you maximize your home’s sales potential.



DESPITE LOWER RATES, A WEAKENING ECONOMY COULD CHILL DEMAND

As pent-up demand continues to build, surveys show that Canadians are still deeply interested in real estate. For example, a recent survey by Dye and Durham found that a growing number of Canadians are thinking seriously about buying a home in 2024.11 But with interest rates so high, buyers with typical household incomes often need either a substantial amount of cash saved or a lot of home equity to buy at today's prices. And the softening economy may be shaking buyers' confidence. According to the Conference Board of Canada, Canadians are feeling more pessimistic about their employment and finances.12

Meanwhile, many home sellers remain stuck in the recent past and are slow to let go of outdated prices. As a result, home buyers and sellers in many regions are locked in a persistent stalemate and the volume of home sales has dropped considerably.5

According to the Canadian Real Estate Association (CREA), new listings are now outpacing purchases in some of the country's biggest housing markets as market loosening spreads.13 However, the softening is uneven, with some areas still highly competitive.5

As rates continue falling, experts predict that demand for housing will increase, helping fuel a tighter market. But a slowdown in Canada's economy could complicate that scenario. “We now think that most major markets will experience softer sales and prices through the spring months, as weakness has spread significantly,” forecast economists at Desjardins.14

What does it mean for you? The days of easy home sales with minimal, if any, prep work are long gone––at least until the market rebounds. Instead, home sales are more likely to take some legwork and planning to stand out from the competition. We can help you maximize your home’s appeal to attract serious buyers.Home buyers, on the other hand, will have a distinct advantage in the coming months––especially if they jump into the market early while competition is limited. Call us for a consultation so we can help you plot your strategy.



HOME PRICES WILL FACE HEADWINDS, BUT MAY CLIMB WITH LOWER RATES

Home buyers who have faced both persistently high prices and historically high rates may finally get a much-needed break this year.

With Canada's economy cooling, experts are now actively revising their pricing forecasts. For example, economists at TD predicted in November that home prices would drop 10% in the first quarter of 2024 compared to the third quarter of 2023––twice what they had previously forecast.15

As sales dwindle, the home buyers who are still around “are taking advantage of their stronger bargaining position,” said economists from RBC. “They’ve successfully extracted price concessions from sellers.” As a result, the MLS Home Price Index is slipping.16

Analysts still expect home prices to remain higher than they were before the pandemic. However, fewer sales amid rising levels of inventory could dampen prices in some regions.16 In fact, eagle-eyed home buyers may find the best bargains in previously hot neighbourhoods that had overheated amid frenzied competition.

But with Canada’s historic supply crunch still ever-present, home buyers who wait too long to score a deal could wind up settling for a bigger mortgage in the future. As CIBC's Tal put it: “A year to two years from now when things will be back to normal—and they will be back to normal, with one million newcomers and non-permanent residents—guess what will happen? The supply will not be there, the demand will be there. The market will be crazy.”17

What does it mean for you? Homeowners with a property to sell may want to put it on the market sooner than later while there are relatively few homes for sale. We can help you chart the best course to maximize your profits, starting with a professional assessment of your home’s current market value. Reach out to schedule a free consultation.Meanwhile, savvy buyers with an eye for opportunity will be thrilled to know that the affordability challenges that have made home buying so difficult are expected to ease significantly. In fact, there could be a brief window when mortgage rates and home prices are both on the decline, giving home buyers who are ready to pounce a rare opportunity. Contact us if you’re ready to begin your home search.


BUYERS SHOULD HAVE MORE CHOICES, BUT A SUPPLY SHORTAGE WILL PERSIST


Home buyers who are eager for options should have more homes to choose from this year than they did in 2023. The share of existing homes for sale is already up in many regions as new listings outpace purchases, and more inventory could be added to the market in the coming months.13

Many sellers out there have been sitting on the sidelines, waiting for rates to fall or for the market to pick up. If a greater share of those sellers decide they can no longer wait, the number of resale homes on offer could quickly increase.

In addition, a growing number of Canadian mortgage holders are expected to experience some payment shock in the coming year as they renew with rates that are several points above their current rates.1 If more homeowners then default on their loans or choose to list because they can no longer afford their monthly payments, that could also lead to an uptick in homes for sale.

But given Canada's severe housing supply crunch, the chances of a market oversaturation are low. As economists at TD Bank note: “Canada could be short over 300,000 housing units from 2023-2025 as population growth collides with a slower pace of homebuilding.”18

What does it mean for you? With the market cooling this winter, there's more supply opening up. In the short term, buyers who can afford to jump quickly should benefit from this winter's temporary buyer's market. Contact us to discuss your goals and budget, and we can help you make an informed decision about the right time to buy.While sellers will continue to benefit from the overall supply shortage, they should be prepared for increased competition. We can help you prep your property for the market and highlight the features most likely to appeal to today’s buyers.


WE'RE HERE TO GUIDE YOU

While national real estate forecasts can give you a “big picture” outlook, real estate is local. And as local market experts, we know what's most likely to impact sales and drive home values in your neighbourhood. As a trusted partner in your real estate journey, we'll keep our ears to the ground so that we can guide you through the market's twists and turns.

If you’re considering buying or selling a home in 2024, contact us now to schedule a free consultation. Let’s work together and craft an action plan to meet your real estate goals.

The above references an opinion and is for informational purposes only. It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

Sources:

  1. Financial Post - https://financialpost.com/news/economy/canada-mortgage-math-means-crisis-looming
  2. Financial Post - https://financialpost.com/news/canada-housing-market-sales-prices-fall-further
  3. Global News - https://globalnews.ca/news/10068567/statistics-canada-jobs-report-oct-2023/
  4. Canadian Mortgage Trends - https://www.canadianmortgagetrends.com/2023/12/bank-of-canada-preview-rate-hold-expected-as-attention-shifts-to-rate-cuts/
  5. Global News - https://globalnews.ca/news/10098594/canada-housing-market-home-sellers-fall-2023/
  6. Bank of Canada - https://www.bankofcanada.ca/2023/12/fad-press-release-2023-12-06/
  7. The Globe and Mail - https://www.theglobeandmail.com/business/article-bank-of-canada-interest-rate-live-december/
  8. Global News - https://globalnews.ca/news/10142334/bond-yields-canada-mortgage-interest-rates/
  9. Canadian Mortgage Trends - https://www.canadianmortgagetrends.com/2023/12/mortgage-rates-under-5-theyre-coming-back-as-lenders-slash-fixed-rates/
  10. Nerdwallet - https://www.nerdwallet.com/ca/personal-finance/financial-trends-that-could-shape-2024
  11. Dye and Durham - https://dyedurham.ca/new-data-shows-canadians-remain-concerned-about-looming-recession/
  12. Conference Board of Canada - https://www.conferenceboard.ca/focus-areas/canadian-economics/housing-market-update/
  13. CREA - https://www.crea.ca/media-hub/news/canadian-home-sales-see-downward-trend-continue-in-october/
  14. Desjardins - https://www.desjardins.com/en/savings-investment/economic-studies/canada-housing-outlook-nov-2023.html
  15. Global News - https://globalnews.ca/news/10110607/canada-real-estate-td-housing-price-forecast/
  16. RBC - https://thoughtleadership.rbc.com/ontario-leads-canadas-housing-market-cooldown/
  17. RENX - https://renx.ca/interest-rates-are-coming-down-soon-benjamin-tal
  18. TD Economics - https://stories.td.com/ca/en/article/canada-housing-supply
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I have sold a property at 2727 Vantilburg Cres in Langford

I have sold a property at 2727 Vantilburg Cres in Langford on Sep 29, 2023. See details here

Your dream family starter home awaits! Welcome to this fabulous 4 bedroom, 1 bathroom gem located on a private cul-de-sac, just seconds away from Savory Elementary School! First time on the market in over 45 years...you'll be impressed by the nature that surrounds you! With 3 bedrooms and 1 bathroom on the upper level, there is potential for a mortgage helper down, or finish the area for teens, or an in-home office area. This charming home offers the perfect combination of comfort and convenience. The open floor plan creates a warm and inviting atmosphere, perfect for family gatherings and entertaining friends. Outside, you'll find a private backyard, ideal for outdoor activities and creating lasting memories with your loved ones. Location is key, and this home has it all! Close to schools, parks, and shopping, you can say goodbye to long commutes and hello to more quality time with your family. Don't miss out on this amazing opportunity to make this house your home sweet home!

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I have sold a property at 29 3049 Brittany Dr in Colwood

I have sold a property at 29 3049 Brittany Dr in Colwood on Sep 29, 2023. See details here

Bright and very Spacious patio style townhouse in Brittany Woods. Entrance leads into a large living room with corner fireplace, glass doors leading out to a back deck which overlooks the beautiful gardens. Good size dining room, with 16ft vaulted ceilings. Lots of counter and cupboard space in this well laid out kitchen, adjoining the kitchen is a family room. Master bedroom has a murphy bed and a 3 piece ensuite. Second bedroom is a good size, there is a 4 piece main bathroom. Private court yard in the front of the home which gets lots of sun. Items that have been changed in the home are 3 sun tunnels making the home very bright, windows, patio door, water heater 2 new toilets. The grounds are beautiful. This home is in walking distance to shopping, grocery stores, parks and transportation. 55+ complex.

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New property listed in SE Cordova Bay, Saanich East

I have listed a new property at 5188 Santa Clara Ave in Saanich. See details here

Welcome to 5188 Santa Clara - a perfect starter home offering an idyllic blend of comfort, convenience, & value! Located in one of Victoria's most desirable neighbourhoods, this charming 3 bed, 2 bath home is an excellent buy for 1st-time home buyers or those looking to downsize. This serene area offers access to top-notch schools & outdoor recreation while only minutes to downtown, the airport, & ferries. Nestled on a picturesque tree-lined street, the property consists of a private, level 75'X144' (10,800 sf) lot w/lake glimpses...the welcoming & spacious patio is perfect for enjoying morning coffee & evening sunsets. Inside, you'll appreciate the cozy yet, spacious interior layout, designed with both functionality & comfort in mind. The open-concept living area seamlessly connects the living room, dining area, & kitchen, creating an inviting space for relaxation & entertainment. This property, at this price, is a rare find, and an ideal investment for today & the future.

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New property listed in La Langford Proper, Langford

I have listed a new property at 2829 Rita Rd in Langford. See details here

Discover the epitome of urban living in Langford, BC! This assembly of 3 lots (total of 27,220 sf) has been earmarked for a 4-story condo site with an FSR of 3:1. Centrally located, it offers unbeatable walkability for residents to enjoy quick access to shopping, parks, restaurants & more. Langford is a vibrant & thriving community, offering a perfect balance between natural beauty & urban amenities. With easy access to major transportation routes getting around the region has never been more convenient. The building site offers a canvas of possibilities for investors & developers... its flat & easy to service; primed for the construction of a modern 4-story condo building designed with all the comfort and convenience that discerning buyers seek in today's market. Priced at $141/sf; the demand for housing in Langford is high; this development has the potential for a lucrative ROI. Invest wisely in Langford's growth! Property must be purchased in conjunction with 2827 & 2831 Rita Rd.

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New property listed in La Langford Proper, Langford

I have listed a new property at 2831 Rita Rd in Langford. See details here

Discover the epitome of urban living in Langford, BC! This assembly of 3 lots (total of 27,220 SF) has been earmarked for a 4-story condo site with an FSR of 3:1. Centrally located, it offers unbeatable walkability for residents to enjoy quick access to shopping, parks, restaurants & more. Langford is a vibrant & thriving community, offering a perfect balance between natural beauty & urban amenities. With easy access to major transportation routes getting around the region has never been more convenient. The building site offers a canvas of possibilities for investors & developers... its flat & easy to service; primed for the construction of a modern 4-story condo building designed with all the comfort and convenience that discerning buyers seek in today's market. Priced at $141/sf; the demand for housing in Langford is high; this development has the potential for a lucrative ROI. Invest wisely in Langford's growth! Property must be purchased in conjunction with 2827 & 2831 Rita Rd.

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New property listed in La Langford Proper, Langford

I have listed a new property at 2827 Rita Rd in Langford. See details here

Discover the epitome of urban living in Langford, BC! This assembly of 3 lots (total of 27,220 SF) has been earmarked for a 4-story condo site with an FSR of 3:1. Centrally located, it offers unbeatable walkability for residents to enjoy quick access to shopping, parks, restaurants & more. Langford is a vibrant & thriving community, offering a perfect balance between natural beauty & urban amenities. With easy access to major transportation routes getting around the region has never been more convenient. The building site offers a canvas of possibilities for investors & developers... its flat & easy to service; primed for the construction of a modern 4-story condo building designed with all the comfort and convenience that discerning buyers seek in today's market. Priced at $141/sf; the demand for housing in Langford is high; this development has the potential for a lucrative ROI. Invest wisely in Langford's growth! Property must be purchased in conjunction with 2829 & 2831 Rita Rd.

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New property listed in SE Cordova Bay, Saanich East

I have listed a new property at 5188 Santa Clara Ave in Saanich. See details here

Welcome to 5188 Santa Clara - the perfect starter home offering an idyllic blend of comfort, convenience, & value! Nestled in one of Victoria's most desirable neighbourhoods, this charming 3 bed, 2 bath residence is an excellent opportunity for those purchasing their 1st home, or families seeking a serene community with access to top-notch schools, outdoor recreation, & natural beauty. Upon arrival, you'll be greeted by a picturesque tree-lined street showcasing the character & inviting atmosphere of the area. The property consists of a private, level 75'X144' (10,800 sf) lot w/lake glimpses from the backyard...the welcoming & spacious patio is perfect for enjoying morning coffee & evening sunsets. Inside, you'll appreciate the cozy yet, spacious interior layout, designed with both functionality & comfort in mind. The open-concept living area seamlessly connects the living room, dining area, & kitchen, creating an inviting space for relaxation & entertainment. Won't last long!

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New property listed in La Fairway, Langford

I have listed a new property at 2727 Vantilburg Cres in Langford. See details here

Your dream family starter home awaits! Welcome to this fabulous 4 bedroom, 1 bathroom gem located on a private cul-de-sac, just seconds away from Savory Elementary School! First time on the market in over 45 years...you'll be impressed by the nature that surrounds you! With 3 bedrooms and 1 bathroom on the upper level, there is potential for a mortgage helper down, or finish the area for teens, or an in-home office area. This charming home offers the perfect combination of comfort and convenience. The open floor plan creates a warm and inviting atmosphere, perfect for family gatherings and entertaining friends. Outside, you'll find a private backyard, ideal for outdoor activities and creating lasting memories with your loved ones. Location is key, and this home has it all! Close to schools, parks, and shopping, you can say goodbye to long commutes and hello to more quality time with your family. Don't miss out on this amazing opportunity to make this house your home sweet home!

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New property listed in La Langford Proper, Langford

I have listed a new property at 2831 Rita Rd in Langford. See details here

3 Lot Land Assembly Development Opportunity in the heart of Langford. The 3 homes have a combined total of 27,219 square feet of flat land and are ripe for redevelopment! The city has this site earmarked for multi-family 4-story residential (City Centre 2- CC2) with an FSR of 3.0 This property is part of a development site of 2 adjacent lots 2829 & 2827 Rita Road and may be expanded to a total of 6 lots (1.25 acres total) with the addition of 3 lots on Knotty Pine Road (Exclusively listed with LS, call for further details). The existing home was built in 1958 and is a 3Bed/1Bath split-level home with no significant trees on-site or any easements or covenants. All homes are lived-in (owner-occupied) and well-taken care of; ideal for a Buyer who wants to land bank and use it as a holding property. The main sewer line on Rita Road is to be completed by Summer 2023. No interior viewing until an AO. Do not walk the property without the Listing Agent's consent. Call for more information

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New property listed in La Langford Proper, Langford

I have listed a new property at 2827 Rita Rd in Langford. See details here

3 Lot Land Assembly Development Opportunity in the heart of Langford. The 3 homes have a combined total of 27,219 square feet of flat land and are ripe for redevelopment! The city has this site earmarked for multi-family 4-story residential (City Centre 2- CC2) with an FSR of 3.0 This property is part of a development site of 2 adjacent lots 2829 & 2831 Rita Road and may be expanded to a total of 6 lots (1.25 acres total) with the addition of 3 lots on Knotty Pine Road (Exclusively listed with LS, call for further details). The existing home was built in 1958 and is a 3Bed/2Bath home with no significant trees on-site or any easements or covenants. All homes are lived-in (owner-occupied) and well-taken care of; ideal for a Buyer who wants to land bank and use it as a holding property. The main sewer line on Rita Road is to be completed by Summer 2023. No interior viewing until an AO. Do not walk the property without the Listing Agent's consent. Call for more information.

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I have sold a property at 995 Lucas Ave in Saanich

I have sold a property at 995 Lucas Ave in Saanich. See details here

Saanich East Family Home! Located in the sought-after Lake Hill neighborhood and sitting on a large sundrenched corner lot you will find this 4-bedroom, 4 bath split level residence. Offering over 2,500 sq ft of living space including the bonus of a self-contained 1 bedroom suite with separate laundry & parking. Main level features an entertainment sized living room and formal dining room, eat in kitchen with a sunken family room that has doors leading to a private fenced backyard. You will also find a power room and laundry/storage area on this level. Upper level is home to 3 bedrooms, including a primary suite with ensuite and walk thru closet and a full bath. Other noted features include Pella windows, Oak wood flooring, 3 fireplaces ( 2 gas & 1 Wood burning) , gas BBQ hookup, outdoor irrigation and southwest exposure. Close to Schools, Parks and all amenities. An ideal central location!

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I have sold a property at 4778 Elliot Pl in Saanich

I have sold a property at 4778 Elliot Pl in Saanich. See details here

A rare find...seldom do meticulously maintained, move-in-ready rancher's come on the market in the prime and pristine Sunnymead area. Ideal for those wanting one-level living, without having to sacrifice space and storage, this 2,065 s.f. custom-designed home features an open concept plan with chic solid oak hardwood flooring. Timeless and elegant describe this fine 3 bed, 2 bath home nestled on a fenced and beautifully landscaped 11,300 s.f. corner lot. Located only steps from Lochside Elementary and the Lochside trail, this home is conveniently located near shopping (Broadmead Village) and access to the Pat Bay Highway (airport/ferries) and the Trans-Canada (up island). In addition to having a 3-car garage, this stunning home features a 5 ft high crawlspace (ample storage), stunning crown moldings, plenty of natural light, and a backyard patio for those summer bbq get together's. This gem won't last long, have your realtor set up your private showing today!

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New property listed in Co Lagoon, Colwood

I have listed a new property at 105 3110 Havenwood Lane in Colwood. See details here

Serene, spacious, & timeless describe this fantastic 2 bedroom, 3 bath townhome at Pacific Landing...one of Colwoods most prestigious neighbourhoods! Located adjacent to picturesque Esquimalt Lagoon & Hatley Castle, this home is one of only two exclusive "Brownstone" units in the complex. The warm & bright open concept floor plan welcomes you to a spacious & airy contemporary living/dining area that's basked in natural light (corner unit). The kitchen is a chef's dream, featuring two-tone soft close cabinets, quartz countertops, a deluxe stainless appliance package, & ample cupboard/pantry space. Additional main floor features include a mud room, a large laundry, a separate storage room & 2 car garage. The second floor offers two bedrooms with a primary providing ample closet space and a spa-like 5 piece ensuite with heated flooring. The 23'X7' balcony is great for entertaining, & the spacious family room is hit when the grandkids or company arrive! The den could easily be a 3rd bdrm

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I have sold a property at 2554 Penrhyn St in Saanich
I have sold a property at 2554 Penrhyn St in Saanich.
Urban Oasis in the core of Cadboro Bay Village! Welcome to this exceptionally well-maintained property that offers plenty of character & charm in one of Victoria’s most sought-after neighbourhoods. Nestled on a quiet side street, yet just steps away from all of the fitting commercial amenities in the Village center. This prime location is also very close to Gyro Park & all levels of schools incl. UVIC. The front & rear yard garden areas are very private & offer a peaceful sanctuary that is sure to impress. Main level living provides a bright living room with wood fireplace & adjoining dining room, large kitchen with nook, primary bdrm & 4-pc bath. Downstairs has 2 more bdrms, 3-pc bath & 2 dens. All in all, an ideal layout suitable for a variety of home buyers. BONUS is a detached studio with many options as an artist studio, home gym, or private office. Come see for yourself...this property has been well loved for many years by the current owners and an opportunity not to be missed!
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Open House. Open House on Sunday, August 28, 2022 1:00PM - 3:00PM
Immaculate 3 bd, 2bath no-step rancher in fabulous Sunnymede (Cordova Bay). Fully landscaped 11,300 s.f. corner lot with private fenced back yard, 3 car garage, and a 5 ft crawlspace under
Please visit our Open House at 4778 Elliot Pl in Saanich.
Open House on Sunday, August 28, 2022 1:00PM - 3:00PM Immaculate 3 bd, 2bath no-step rancher in fabulous Sunnymede (Cordova Bay). Fully landscaped 11,300 s.f. corner lot with private fenced back yard, 3 car garage, and a 5 ft crawlspace under the entire home. Close to schools, parks, beach, Lochside Trail, and shopping. 2060 s.f.; in move-in condition, ideal for those looking to downsize without having to sacrifice space or storage.
A rare find...seldom do meticulously maintained, move-in-ready rancher's come on the market in the prime and pristine Sunnymead area. Ideal for those wanting one-level living, without having to sacrifice space and storage, this 2,065 s.f. custom-designed home features an open concept plan with chic solid oak hardwood flooring. Timeless and elegant describe this fine 3 bed, 2 bath home nestled on a fenced and beautifully landscaped 11,300 s.f. corner lot. Located only steps from Lochside Elementary and the Lochside trail, this home is conveniently located near shopping (Broadmead Village) and access to the Pat Bay Highway (airport/ferries) and the Trans-Canada (up island). In addition to having a 3-car garage, this stunning home features a 5 ft high crawlspace (ample storage), stunning crown moldings, plenty of natural light, and a backyard patio for those summer bbq get together's. This gem won't last long, have your realtor set up your private showing today!
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