TheStrataBrochure
By StrataReports
Victoria, BC
THE BREAKWATER
50 Dallas Road
Unit 10
2
Bedrooms
3
Bathrooms
1,933
Sq Ft
No
Parking
No
Storage
$732.00/mo
$1,339,000
Year 2026
$6,967
Tax Year 2026
Listed by Royal LePage Coast Capital - Chatterton
Why This Building Stands Out
Key highlights from the reviewed strata documents
Proactive Building Maintenance
Recent documented capital work completed across 4 major building systems: building envelope, piping, electrical, and roof. Most recent: 2026.
Strong Financial Position
Reserve fund of ~$13,646 per unit - better than most for buildings in City of Victoria (typical ~$4,809).
Favourable Insurance Deductibles
3 insurance deductibles in line with or lower than typical for City of Victoria - e.g. water damage deductible of $10,000 vs. ~$25,000.
Building Systems Confidence
Roof, windows, and building envelope are in good condition. Roof compares better than most for buildings in Capital Regional District.
EV Charging Readiness
Compared with buildings in City of Victoria
Some EV readiness in place
63%
Planning stage
25%
No evidence of EV plans
12%
Stantec EPR completed 2025; strata at electrical capacity limit; individual installs require council consultation; EMS approach being explored.
Pets Allowed
Pet allowances for this building
Dogs max
Cats max
Up to 4 dogs/cats combined (max 2 dogs); fish, small caged mammals, and up to 2 caged birds are also permitted.
Day-to-Day Policies
Rules that shape everyday living in this building
Short-Term Rental
RestrictedShort-term rentals (under 30 days) are strictly prohibited; minimum rental period is 12 months.
City of Victoria policy split
Recent Major Upgrades
Significant capital work completed in recent years
Recent Piping Work
2026All underground sewer and drainage pipes professionally camera-scoped; system confirmed clear and clean-outs mapped.
Recent Electrical Work
2026Electrical closets inspected and serviced by Canstar Electric, including repair of loose lugs and damaged breakers.
Recent Building envelope Work
2025Full building-wide window and door joint sealant (caulking) replaced, extending envelope life by ~10 years.
Recent Roof Work
2025All four building roofs inspected by Parker Johnston; confirmed good condition with 20–25 years remaining life.
Building Systems
Status of major building systems based on reviewed documents
Roof
Roofs in good condition with 20-25 years of life remaining per professional inspection.
Condition of Capital Regional District
87%
in worse condition
13%
similar to
this building
Windows
Windows in good condition with joint sealant fully replaced in summer 2025.
Condition of Capital Regional District
57%
in worse condition
43%
similar to
this building
Building Envelope
Rainscreen cladding in good condition with joint sealant project completed in 2025.
Condition of Capital Regional District
83%
in worse condition
17%
similar to
this building
Piping
Underground pipes recently scoped and found clear with no damage or root incursion.
Condition of City of Victoria
10%
in worse condition
76%
similar to
this building
14%
in better condition
Reserve Fund Standing
Contingency reserve fund standing vs. City of Victoria benchmarks
Excellent
This building's contingency reserve fund per unit is stronger than 95% of buildings in City of Victoria.
Water Damage Deductible
(2025-2026)$10,000
Typical in City of Victoria: $25,000
Great - lower than most
Flood Deductible
(2025-2026)$25,000
Typical in City of Victoria: $25,000
Good - lower than average
Earthquake Deductible
(2025-2026)$250,000
minimum
10%
of insured value
Typical in City of Victoria: $100,000
Good - lower than average
Better risk profile than 72% of buildings in City of Victoria
Typical rate is around 3.7 incidents per 100 units per year.
Based on 57 buildings in City of Victoria.