Location and Amenities Are Key
It has been an interesting summer for real estate.
With the looming backdrop of CMHC forecasting an up to 18 per cent drop and industry pundits spinning in circles trying to figure what the heck is going on, home buyers once again have proved the “experts” wrong and waded back into the market. In the Westshore, single detached homes and condos have continued to climb in price due to continuing high demand, low availability, and a growing number of amenities.
According to the Victoria Real Estate Board (VREB)’s latest stats, the MLS® HPI benchmark value for an average condominium in the Westshore in August 2019 was $396,100, while the benchmark value for the same condominium in August 2020 increased by 5.8 per cent to $418,900, and increased by 2.1 per cent from the July value of $410,100.
Triple Crown Community is in the Westshore, on the east flank of Langford west of Costco near the Leigh Road Trans Canada Highway interchange. The community is surrounded by sought after amenities, plus there are plans in the works to develop more in the near future. A growing number of desirable conveniences and luxuries raise the neighbourhood value, which translates into increasing equity for our condominium buyers.
You know that old adage. When shopping for real estate, the three most important elements are: Location, location and location. And it’s hard to beat ours.
We’re on the outskirts of the town MacLean’s Magazine selected as the fifth most desirable place to retire in Canada. Langford has a robust economy and a multitude of family-friendly amenities. The Triple Crown Community is a short walk from shopping conveniences. They include Costco, Home Outfitters, Best Buy, Aldo, Pet Smart and Save On Foods.
Down at the end of McCallum you will find yourself near the entrance to Millstream Village Shopping Centre. Here you will find a retinue of restaurants, coffee shops, a beauty salon, fresh groceries, a bakery, wine shop, pharmacy and more.
Two beautiful lakes are nearby: the small and peaceful Florence Lake and the rich nature sanctuary Thetis Lake Regional Park. Trails circumnavigate both lakes – the Strachan Trail encircles Florence Lake and a 4.9 km trail winds around Thetis Lake. Both have docks and boat launches and are excellent for fishing, kayaking and swimming.
Hiking and Biking
The natural beauty of the West Coast is easily accessible for hiking and biking through a network of trails Langford maintains. The Galloping Goose connects Langford to any point throughout Greater Victoria.
Do you enjoy golfing? Three top quality golfing venues are close by. The Westin Pacific Bear Mountain Golf Resort features a luxury Nicklaus Design 36-hole adventure. If you like a more traditional course, enjoy the Royal Colwood Golf Club set amongst 450-year-old Douglas firs and Garry oaks. Families and golfers of every ability will enjoy the Highland Pacific Golf course.
There are many more nearby amenities which we’ve detailed on our Super Map and Community Page.
School infrastructure is a very important amenity for families which always has a positive impact on real-estate investments. Early in 2020, the provincial government announced plans for a future secondary school adjacent to Costco. The school district is also making plans for an elementary campus.
Langford is committed to more cultural developments and they are making plans with the Maritime Museum of B.C. for a modern new facility at 790 McCallum Road which will house a planetarium, sky deck, conference centre, performing arts theatre and of course, the museum. The planned 40,000 square foot conference centre and 1,200 seat performing arts theatre within the new Pacific Maritime Centre will be a welcome addition to the city’s cultural vitality.
The Developer of the tract of land on the north side of McCallum Road is paying for frontage improvements including new sidewalks, landscaped boulevards and traffic safety. Their work should conclude towards the end of 2020 to coincide with our Residence 2 completion date.
Great location and amenities add up to an increasingly desirable neighbourhood with a good walkability score. It’s an excellent investment for people who are looking for modern and spacious 2-bedroom condominium. Find out more about our available condos and their layouts on our Floorplans page.