‘Premier’ unit in historic post office building in downtown Victoria development sells for $3.4-million
The 2,353-square-foot unit has high ceilings, high-end appliances, Italian cabinets, and waterfall stone counters.The developer had sold most of the units as presales but the market changed and once the building was completed, there remained seven units to sell, said listing agent Scott Piercy. This unit was the first of three that have sold so far, to buyers from Ontario.The sale completed on Sept. 29.
The 2,353-square-foot unit has high ceilings, an open floor plan, high-end appliances, Italian cabinets, custom-built wine storage, waterfall stone counters, a gas fireplace, a private balcony and 2,000-square-foot terrace with views of Victoria’s Inner Harbour. The building has 24-hour concierge, underground parking, a car wash station, a sauna and a steam room. The building allows rentals and pets and is within walking distance of shops, transit and museums.
The unit boasts a private balcony and 2,000-square-foot terrace with views of Victoria’s Inner Harbour.The market has slowed due to the hikes in the interest rate, which dampened investor activity. And although international buyers only make up around 1 per cent of Victoria buyers, the federal government’s foreign buyer ban affected that share of the market, said Mr. Piercy.
“There are investors, but the rates don’t make sense now, with the cost to purchase and the rental rates. People are looking at Calgary and for investor stuff now.”
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