In the next few days, owners of more than 371,000 properties throughout Vancouver Island can expect to receive their 2019 assessment notices. - File photo

Four properties in PQB region make list of highest-valued on Island

Assessment notices coming soon for B.C. property owners

BC Assessment released a list of Vancouver Island’s top 100 valued residential properties for 2019, which included two properties from Nanoose Bay and two from Qualicum Beach.

The Nanoose Bay properties are both on Dorcas Point Road and both rural acreages. The highest valued house at 1365 Dorcas Point Rd. is valued at $13,577,000 and comes in at No. 4 on the list of top 100.

Coming in at number 34 on the list is a rural property at 1374 Dorcas Point Rd, valued at $7,347,000.

In Qualicum Beach, a waterfront property at 821 Eaglecrest Dr. comes in at number 35 with an assessed value of $7,269,000. Another waterfront property at 2119 Island Highway W. made number 81 on the list with an assessed value of $5,455,000.

Check out the full list here

The majority of properties on the top 100 list are located in Victoria.

RELATED: Home sales down, but prices still rising in Parksville Qualicum Beach

In the next few days, owners of more than 371,000 properties throughout Vancouver Island can expect to receive their 2019 assessment notices.

BC Assessment’s valuation of homes across the province, which is based on what was happening in the real estate market as of July 1, 2018, was released Jan. 2.

“The majority of residential home owners within the region can expect an increase up to 20 per cent as compared to last year’s assessment,” says Vancouver Island assessor Tina Ireland in a press release. “All markets were relatively strong as of July 1, 2018, including single family, condominiums, and commercial properties. Increases in assessments are generally lower in the south part of the Island and higher as you move to the central or northern areas.”

Overall, Vancouver Island’s total assessments increased from about $222 billion in 2018 to $246.9 billion this year. A total of almost $3.9 billion of the region’s updated assessments is from new construction, subdivisions and rezoning of properties.

The average assessed value of single-family residential properties in the Town of Qualicum Beach in 2018 was $542,000, which jumped 13 per cent to $615,000 in 2019. In the City of Parksville, the 2018 average assessed value was $433,000 for single-family residential properties which increased 11 per cent in 2019 to $448,100.

Just Posted

Second delivery of building units for 222 Corfield in Parksville arrives March 21

Vehicles should expect intermittent single-lane alternating traffic

Public input sought on proposed cannabis retail store in Coombs

Application to be reviewed by Regional District of Nanaimo

Two nature-inspired artists display oil paintings at Qualicum gallery

Judy Maxwell and Lloyd Major depict scenes of wildlife, landscapes and the west coast

Five highlights in the 2019 federal budget

Latest budget includes a sprinkling of money for voters across a wide spectrum

Cougar on Island might have been shot with bow-and-arrow

Conservation officer service looking for animal near Port Alice

Facebook to overhaul ad targeting to prevent discrimination

The company is also paying about $5 million to cover plaintiffs’ legal fees and other costs

B.C. mosque part of open-house effort launched in wake of New Zealand shootings

The ‘Visit a Mosque’ campaign aims to combat Islamophobia

‘That’s a load of crap’: Dog poop conspiracy spreads in White Rock

Allegation picked up steam through a Facebook page run by a city councillor

Explosives unit brought in after suspicious boxes left at B.C. RCMP detachment

Nanaimo RCMP issues all clear after packages were found on lawn earlier in the day

2019 BUDGET: As deficit grows, feds spend on job retraining, home incentives

Stronger economy last year delivered unexpected revenue bump of an extra $27.8 billion over six years

Newfoundland man caught after posting photo of himself drinking and driving

The 19-year-old took a photo of himself holding a beer bottle and cigarette while at the wheel

Carfentanil found in 15% of overdose deaths in January: B.C. coroner

Carfentanil is 100 times more powerful than illicit fentanyl and used to tranquilize elephants

Most Read