Pre-Construction Condos For Sale in Downtown Victoria
About Downtown Victoria's Pre-Construction Condos For Sale
This is Downtown Victoria, a neighbourhood in the city of Victoria with 3 Pre-Construction buildings with condos for sale. Last year, 9 Pre-Construction condo units sold in Downtown Victoria. Pre-Construction condo buildings in Downtown Victoria had an average sale price of $593,488 in 2020 and spent an average of 25 days on market. The Yates on Yates had the highest Dork Rating, 5, for a Pre-Construction condo building in Downtown Victoria in 2020.
A very special portion of the real estate market exists in the area of development, or Pre-Construction, condos. These are units that are purchased based on the projected plans for a building that is not yet built. A buyer may visit a temporary showroom, located near to the proposed location of the building to see models and floor plans of the various units the seller hopes to construct, or simply receive a package with this information electronically. Purchasing at this stage allows the buyer to have greater control in the outcome of their unit. They can make a different type of investment and purchase at a lower price per square foot than what is typically available post-construction. If you want to be able to choose your floors, finishes and appliances, at less than the cost to purchase someone else's choices from the past, Pre-Construction condos for sale might appeal to you. It's not often that you have so many design choices when looking to purchase a home. There will be a number of layouts, options for total square footage, number of bedrooms and location within the building to choose from. Usually, this type of customization will require a second investment in renovations, as well as the purchase price of your home.
The Yates on Yates in Downtown Victoria was the most active Pre-Construction condo building in 2020 with 9 units sold in Downtown Victoria. The Pre-Construction condo building in Downtown Victoria with the highest average price per sqft last year was The Yates on Yates at $766 per sqft.
When taking the leap on a Pre-Construction condo for sale, you'll be given a list of options that you'll be able to customize. Everything in the home will be brand new and they will likely be under warranty. Keep in mind that the developer is speculating on what they believe the final outcomes will be for the unit and building, they require some flexibility, not everything can be fixed into even the best agreements. This can make a good case for looking at the past projects of the developer. How close to their projected dates did they come? Do they have a history of big surprise closing costs or a history of great relationships with their buyers? How have their projects held up over time as places people want to live and as investments. This type of home purchase, more than others, requires a long term deal with your developer. You'll want a long term relationship that is mutually beneficial. Purchasing a unit in a building prior to the work beginning can have some tremendous benefits. It also requires deeper knowledge to arrange this type of purchase. A Real Estate Professional who specializes in development or Pre-Construction condos for sale may be helpful for protecting your investment. The money spent on a qualified agent may be easily recuperated with the thorough shaping of your agreement. You'll want to understand how the Pre-Construction payments are going to be structured and where you'll be spending versus saving. In an already finished home, it's easy to see how your money is being spent. With a Pre-Construction condo, being well informed will be a must.
You can find the neighbourhoods of Harris Green and Victoria nearby which have Pre-Construction condo buildings. Downtown Victoria is a Walker's Paradise with a walk score of 97. This neighbourhood is a Biker's Paradise with a bike score of 98. Excellent Transit is available in Downtown Victoria.
Downtown Victoria Condos For Sale
This is Downtown Victoria, a neighbourhood in the city of Victoria with 29 condo buildings.Condo development in this neighbourhood has been thriving with 14 Mid-Rise, 3 Pre-Construction, 5 High-Rise, 6 Luxury, 10 Low-Rise and 1 Loft. With so many buildings to choose from in Victoria, there are naturally lots of condos for sale in Downtown Victoria. The average days on market for condos for sale in Downtown Victoria is 53 days. Downtown Victoria had 210 condos sold within it in 2020, an increase of 188% compared to the year before. Condos for sale in Downtown Victoria had an average sale price of $$636,310 last year, an decrease of -16% from the prior year. This neighbourhood is a Biker's Paradise with a bike score of 98. Excellent Transit is available in Downtown Victoria. Downtown Victoria is a Walker's Paradise with a walk score of 97. The neighbourhoods Oldtown and Chinatown are nearby.
Grab some fresh goodies at nearby bakery, Bon Macaron Patisserie. If you are looking for coffee Union Pacific Coffee Shop and Bean Around The World offer great options in Downtown Victoria. Do you enjoy being in the kitchen? Pick up groceries at Zero Waste Emporium, Tai Sang Grocery, and Tomley's Market. Foodies won't be disappointed by the presence of excellent local restaurants II Terrazzo, Jam Cafe and Lotus Pond Vegetarian Restaurant. Do you love to be outside? There are great parks in Downtown Victoria such as Reeson Park, Centennial Square, and Cridge Park. You can find the pharmacy Cridge Family Pharmacy in Downtown Victoria. There is great shopping at Courtyard Shops. Richmond Road Jubliee Hospital is the closest hospital to Downtown Victoria. There are always new exhibits and events happening at Sean Schuster Fine Art Gallery, Eagle Feather Gallery and STUDIO 553 - BEV THOMPSON. If your condo building does not have it's own fitness center, locals of Downtown Victoria work out at Ashtanga Yoga Victoria and MA Yoga (Brahmanda School of Yoga). Movie geeks can catch a movie at Theatre Inconnu. Lions, tigers and the nearby zoo, Victoria Bug Zoo, can be found in Downtown Victoria. If you enjoy reading you will be happy Greater Victoria Public Library - Central Branch is in Downtown Victoria. Local schools of Downtown Victoria include Pacific Design Academy and Medicine NEST. There are many students in this neighbourhood as Pacific Rim College is located within it. For those who love to travel Victoria Harbour Airport is nearby to catch a flight.
