Vancouver Island Real Estate

There is a variety of real estate to choose from when looking for a property to purchase on Vancouver Island. Purchasers can select real estate suited to their needs, for the present time, for retirement or for vacationing. The following types of real estate are available on Vancouver Island: single family (detached) homes, condominiums, duplexes, patio homes, beach homes, townhouses and vacation homes. There are a variety of real estate vacation options, ranging from investing in a part-ownership of a condomiumium style project to purchasing real estate in one of many golf course developments on Vancouver Island or even on Mount Washington, where international Olympic teams practiced for the 2010 Olympics. There are also many oceanview and waterfront properties to choose from all over Vancouver Island, with very affordable pricing. Due to the milder winters on Vancouver Island the building materials that are used are most likely wood, hardy planking, stucco and concrete for exterior finishes.

Family Homes and Residential Lots on Vancouver Island

In today’s real estate market, the purchaser has a variety of products to choose from on Vancouver Island. One of most common products is a single residential home, which is situated on its own lot with a yard. Sometimes purchasers choose their perfect lot and then build their custom home on it. A new single family home can start at $267,000; this is the case with Kettle Creek Station in Langford.

Patio Homes, Duplexes and Townhouses, A Big Part of Vancouver Island Real Estate

Other types of residential real estate on Vancouver Island include patio homes (also called duplexes), which is typically a one-storey home on one lot that shares one wall with the same style of home on the other side. Townhouses, also known as town homes are multi-family units, which can be built in row style, or with three to six units located in the same building, sharing the same lot. Affordable new duplexes can be found in Courtenay, at Woodcote Mews, with a full applicance package for $211,900.

Vancouver Island Condominiums

Typically, buildings that contain condominiums are three to four storeys tall, built in a wood frame, or they are seven or more storeys tall, built in concrete. This type of real estate option is popular on Vancouver Island as new condomiums can be found for as low as $159,000 in Comox.

Vacation Units on Vancouver Island BC

Vacation Units offer the purchasers an opportunity to own Vancouver Island real estate without purchasing 100 per cent of the property. For instance, quarter share units are very popular now, with developers offering purchasers one-quarter of the vacation unit being offered and the purchasers than then use the vacation unit for twenty-five per cent of the time; in some cases the developer has also organized a rental pool so that the unit can be rented out. Examples are Parkside Victoria and Crown Isle Villas.