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Oak Bay’s co-operative housing units offer stunning vistas, secure lifestyle, for a reasonable price
The day she walked into the Beach Drive apartment, Carol-Anne Moore knew she wanted it.
“It was the right size and had the view,” she said, sweeping her arm toward the 180-degree eastern panorama of Haro Strait and Mount Baker.
Moore had looked at condominiums for sale on Dallas Road, but found the Beach Drive co-operative apartment more tranquil. She bought it in April 2009 and after some updating and renovations moved in June 1.
There are 14 co-operative apartment buildings in Oak Bay: most were built in the Beach Drive, Windsor Road area in the 1950s. Unlike co-ops built from the 1970s on elsewhere in Greater Victoria, these apartments sell for market value. For example, two 600-square-foot, one-bedroom units on Beach Drive with ocean views are currently listed at $249,000.
“Buying a Beach Drive co-operative apartment can be a real bargain compared to purchasing a condominium in the same neighbourhood,” said realtor Shelley Saldat, who arranged the sale for Moore.
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