Skip to main content

Done Deal, 2560 Queenswood Drive, Victoria, B.C.

2560 QUEENSWOOD DR., VICTORIA

LISTING PRICE $8.25-million

SELLING PRICE $7.35-million

Story continues below advertisement

DAYS ON MARKET 140

TAXES $24,331

LISTING AGENT Glynis MacLeod, Sotheby's International Realty Canada

The Action

It was Victoria's highest priced sale in the last year. While there was a lot of local interest, there was only one offer. The Albertan buyers are a middle-aged couple with teenage children.

"We have serious buyers out at this time of year and properties priced right continue to sell well, with some multiple offers, though with subjects," listing agent Glynis McLeod says. "Victoria continues to see people on the verge of retirement or retiring moving to the city for its milder climate."

What They Got

Story continues below advertisement

The luxury 6,638-square-foot home sits on 1.79 acres of oceanfront property near the University of Victoria.

The four-bedroom, six-bathroom house was custom built in 2004. It includes four fireplaces, billiard room, exercise room, theatre, three-car garage, outdoor entertainment area, hot tub and spa.

The Agent's Take

"We've seen a number of high-end sales over $5-million in our market in the last month," listing agent Glynis MacLeod says.

She says there's a shortage of inventory. Listings are about two-thirds of what they were a year ago. But sales are strong. "Spurring some of the luxury sales is a possible connection to Greater Vancouver's recently introduced 15 per cent foreign buyers' tax," Ms. MacLeod says. "Victoria has seen a doubling of property sales to foreign buyers in October."

Report an error Editorial code of conduct
Comments

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • All comments will be reviewed by one or more moderators before being posted to the site. This should only take a few moments.
  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed. Commenters who repeatedly violate community guidelines may be suspended, causing them to temporarily lose their ability to engage with comments.

Read our community guidelines here

Discussion loading ...

Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.
Cannabis pro newsletter