The only single-family residential property in the “Top-100” in the Capital Region located on the West Shore is located on Bear Mountain (pictured above). It’s the former home of Len Barrie and it’s valued at $4

West Shore property assessments are in

... and property owners see similar numbers on their notices as they did in 2014, Colwood down most

Most West Shore residents – at least those who own property – have now received their 2015 assessment notices, reflecting the market value of their property as of July 1 of last year.

“Most single family and strata residential home owners in the Capital Region will see average changes of -2 per cent to +3 per cent,” Regional Assessor Reuben Danakody said in a release. That means both the increases and decreases in property value are modest across the region, on average.

For example, the average residential home price in Langford went from $408,000 to $407,000 from July 1, 2013 to July 1, 2014, a $1,000 drop, while View Royal had an average increase of $1,000, bringing their average home value to $430,000 from $429,000.

Colwood saw the biggest average decrease in property value on the West Shore, from $502,000 to $490,000.

There is only one single-family residential property on the West Shore ranked in the top-100 in the Capital Region, that being the former home of Len Barrie, ex-Chief Executive Officer of Bear Mountain Partnership.

Assessed at $4,348,000, the property is a 12,500-square-foot, six-bedroom, 10-bathroom mansion on 1.38 acres of land. It features a swimming pool, outdoor basketball court, wine cellar, putting green and floor-to-ceiling windows in the main rooms – not to mention Swarovski crystal doorknobs in the 1,800 sq. ft. master bedroom.

That property was sold for $4,429,222 in September, 2013 to Gurmit Singh Uppal and family.

Any residents who are concerned about their 2015 assessment, or feel it does not reflect market value as of July 2014, should contact B.C. Assessment as indicated on their notice as soon as possible in January, Danakody said.

“If a property owner is still concerned about their assessment after speaking to one of our appraisers, they may submit a Notice of Complaint (Appeal) by Feb. 2 for an independent review by a property review panel,” he said.

The review panels are appointed annually by the Ministry of Community, Sport and Cultural Development and typically meet between Feb. 1 and March 15 to hear formal complaints.

mdavies@goldstreamgazette.com

Just Posted

William Head prison offers inmates a second chance at life

Federal prison focuses on successful reintegration into society

Artists hooked on Stinking Fish Fall Show

Myriad of mediums featured this weekend in Metchosin

New safety doors aim to protect transit drivers

These new full-length doors will be tested in Victoria, Kelowna and Abbotsford

Humboldt bike lanes next in Victoria’s Biketoria plan

Public input sought on new designs; protected two-way, shared lanes being considered

Smouldering U-Haul snarls Pat Bay traffic

Afternoon commuters were reduced to one northbound lane after a U-Haul cube… Continue reading

VIDEO: Sara-Jeanne Hosie adds music to Wintertime in Oak Bay

Canadian College of Performing Arts’ Company C stages Wintertime starting Nov. 29

Victoria hit and run suspect sought after pedestrian struck by truck

VicPD ask for the public’s help with incident at Cook and Yates streets

Saanich among safest communities in Canada

It is the sort of list where you want to finish near… Continue reading

Victoria Grizzlies split a pair with Powell River Kings

Movember Hockey heroes prizes up for grabs

EDITORIAL: West Shore communities need to jump on board with plastic bag ban

Last week, the City of Colwood took the initial steps to do… Continue reading

An adopted cat is the best 10 pounds you’ll gain this season

BC SPCA encouraging families to add a forever feline friend during adoption event Nov. 24 to Dec. 3

Uber official says public needs to push for ridesharing in B.C.

Mike van Hemmen tells Kelowna Chamber of commerce ridesharing would be ‘win-win-win’

15 arrested as Duncan police raid yields drugs, stolen property

Arrests made, drugs and stolen property seized

English Inn offers public tours of Esquimalt redevelopment

General manager wants to clear up miscommunications and gather community input

Most Read