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I have sold a property at 3111 Harriet Rd in Victoria

I have sold a property at 3111 Harriet Rd in Victoria on Jun 11, 2025. See details here

Welcome to your perfect starter home nestled on an impressive 50’ x 168’ and has a newer self contained detached studio that's pre-plumbed for a kitchen and bathroom that's perfect for additional rental income. Upon entering the home you will be greeted with a large, bright, living room with warm hardwood floors, a large primary & second bedroom, an updated bathroom & a modern kitchen. There's updated 200 amp electrical service & a high-efficiency gas furnace. Step outside to your own private backyard paradise - Kids will love the tree house, while green thumbs can get busy in the garden. Plus, there's a chicken coop ready for your feathered friends! The newly built 383 sf workshop and office (with loft space) is just waiting for a few final touches to become a legal Garden Studio (it is permitted & roughed in for bathroom and kitchen). Imagine the possibilities: a home office, guest suite for added income, or creative studio. Central location close to transit and all amenities.

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I have sold a property at 642 Powell St in Duncan

I have sold a property at 642 Powell St in Duncan on May 1, 2025. See details here

Discover this inviting and updated rancher in a quiet, sought-after neighbourhood with a fantastic walk score! Just minutes from schools, transit, restaurants, and more, this charming home offers 1,320 sq. ft. of well-designed living space. Featuring 3 bedrooms and two living areas, it’s perfect for downsizers, families, or those seeking simplicity. Enjoy numerous updates, including a new roof and insulation, a two-unit split ductless heat pump, and a stunning bathroom remodel. The fully fenced and gated backyard offers a concrete patio, a large storage shed, and a 12x12 powered workshop. There is also plenty of parking here and with zoning now allowing up to 4 units and 50% lot coverage, there's excellent future potential.

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I have sold a property at 1216 Hillside Ave in Victoria

I have sold a property at 1216 Hillside Ave in Victoria on Apr 15, 2025. See details here

South-facing centrally located single-family home is walkable to all amenities and boasts an income helper. Featuring a low-care lot, ample parking, and a flexible layout make this an astute buy for first-time buyers/investors. 1946-built home offers 4 beds & 2 baths, with the lower level utilized as a 2 bed suite. Configure the home to suit (2-bd/2-bd OR 4-bd). The main level features a 2 bed/1 bath, a spacious living room with a wood-burning fireplace, oak hardwood floors, a separate dining room, a well-apportioned kitchen featuring access to the spacious rear deck, and a 4-piece bath with in-suite laundry. The lower level offers 2 bed/1 bath with a separate entry, an updated kitchen, a generous living area, ample storage, and in-suite laundry. Updates include new tile flooring & faucet in the upstairs kitchen, new paint, a newer hot water tank, a newer paved driveway, and more. All amenities, including parks, schools, shopping, golf course, trails, and more, are nearby!

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What you need to know regarding the NEW Property Flipping Tax & B.C. Property Assessment Appeals~

Greetings, 

I hope you are well. This email is a reminder regarding the new B.C. Home  Flipping Tax. 

B.C. Home Flipping Tax
- Jan 1, 2025 implementation period – Retroactive
- Housing unit, zoned Residential, or assignments - Owned for less than 730 days (2 years) or less, even if purchased before Jan 1, 2025
-
BC Home Flipping Tax Return – provincial – needs to be filed and paid within 90 days of sale – filed even if no profit or exemption applies – DO NOT need to file if property owned more than 729 days or you qualify for an exemption that exempts filing or are a developer with pre-sales


- Exemptions:
- Life Circumstances – death, inheritance, serious illness or disability, relocations (with conditions), change in household membership(related person moving in, birth), Breakdown of relationship, Involuntary Employment Termination, Threat to personal safety, Bankruptcy, Housing Unit Destroyed, Expropriation, Foreclosure, Builders who construct housing units, Vacant land, Substantial Renovations, Increase of Habitable Area by at least 100%, Demo and new build, Renovation to add an additional housing unit (bsmt suite, carriage house)
- Residential & Presale contracts – flipping tax applies to net taxable income from the sale
- Primary Residence Reduction – up to $20,000 off of your taxable income if you owed a home for more than 365 consecutive days but less than 730 days and you lived in the home. 

Click here to review Bill 15 - RESIDENTIAL PROPERTY (SHORT-TERM HOLDING) PROFIT TAX

Click this link to watch a helpful video tutorial~ 



Property Tax Assessment Appeal Process~  


An appeal of your B.C. Assessment Valuation must be done by January 31, 2025. The Property Assessment Review Panel will review the appeal as the first gatekeeper. If the ruling is unsatisfactory, you can appeal the ruling to the Property Assessment Appeal Board by April 30, 2025. You must file a complaint with the Review Panel BEFORE filing an appeal to the Appeal Board.

Click here to review B.C. Assessment's Appeal Page for further details. 




As always, don't hesitate to contact me with any questions about the aforesaid indexed items or the current real estate market conditions.

Best, 

Arran 





Are you looking to buy or sell a home?
Please call me at 250-884-3980, and I can give you the expert guidance and help you need to make informed decisions and achieve your housing goals.  

First-Time Home Buyer?? 

Call me at 250-884-3980 to chat about the ZERO-DOWN FINANCING OPPORTUNITY!

Some exceptions apply 

Earn up to $1,000 if you refer someone who is looking for real estate services~ 

Click here to visit my website.

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B.C. Housing Update 2025~

The B.C. Housing market has experienced two years of tepid sales and higher-than-average listing inventory. The past few months have seen a rebound in market activity with increasing sales. Over the upcoming year, sales are forecasted to increase due to the interplay of the following factors: lower interest rates, extended amortization periods (30 Years) for new construction and First-Time Home Buyers, and higher mortgage insurance caps (up to $1,500,000 from $1,000,000).

If you or someone you know wants to enter the real estate market, contact me at 250.884.3980.

In health, 

Arran 

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New property listed in Vi Hillside, Victoria

I have listed a new property at 1216 Hillside Ave in Victoria. See details here

South-facing centrally located single-family home is walkable to all amenities and boasts an income helper. Featuring a low-care lot, ample parking, and a flexible layout make this an astute buy for first-time buyers/investors. 1946-built home offers 4 beds & 2 baths, with the lower level utilized as a 2 bed suite. Configure the home to suit (2-bd/2-bd OR 4-bd). The main level features a 2 bed/1 bath, a spacious living room with a wood-burning fireplace, oak hardwood floors, a separate dining room, a well-apportioned kitchen featuring access to the spacious rear deck, and a 4-piece bath with in-suite laundry. The lower level offers 2 bed/1 bath with a separate entry, an updated kitchen, a generous living area, ample storage, and in-suite laundry. Updates include new tile flooring & faucet in the upstairs kitchen, new paint, a newer hot water tank, a newer paved driveway, and more. All amenities, including parks, schools, shopping, golf course, trails, and more, are nearby!

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I have sold a property at 404 10030 Resthaven Dr in Sidney

I have sold a property at 404 10030 Resthaven Dr in Sidney on Oct 28, 2024. See details here

Prime Top Floor Condo with views of the rose gardens and ocean glimpses. Independent Senior Living at its finest, yet flexible to provide assisted living perks on a fee-for-service basis. The Shoal Centre offers a kitchen, dining room, and more than 40 organized activities, including a fantastic restaurant, computer lab, woodworking shop, quilting room, pottery room, bridge groups, and exercise classes. This steel and concrete bldg offers an accessible 1 bed/1 bath condo that is well maintained and features a full kitchen, washer, dryer and storage closet. The living room overlooks the courtyard and is adorned with a Juliet balcony. Pedestrian friendly with all amenities located within a short stroll. A fantastic investment property or your next move. It is situated in the heart of Sidney, close to shopping and all the amenities you need for your retirement lifestyle.

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.