Property Type: TownhouseOwnership: Strata

1 920 Island Rd

Oak Bay, BC V8S2T9

$1,525,000

3 bed3 bath2 parking1,749 sqftBuilt 2026
Get Directions

Property Details

Property & Lot

Sub-type
Row / Townhouse
Zoning
Residential

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$280/mo
Annual property tax
$0

Interior

Heating
Heat Pump, Baseboard heaters, Electric
Cooling / A/C
Fully air conditioned
Fireplace
None

Parking

Total spaces
2 — uncovered indicated
Features
Stall

Restrictions & Policies

Pets
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
BathroomSecond level4-Piece
BedroomSecond level9'4 x 12'0
BedroomSecond level10'2 x 13'0
EnsuiteThird level4-Piece
OfficeSecond level8'9 x 8'3
Primary BedroomThird level15'2 x 13'5
PatioMain level10'4 x 8'0
StorageMain level7'6 x 3'0
BathroomMain level2-Piece
Dining roomMain level14'0 x 8'6
Living roomMain level16'9 x 13'10
KitchenMain level13'5 x 9'5

Listing Information

MLS®
1042593
Listed
July 8, 2026
Time on market
On the market for 55 days
Data last synced
August 28, 2026

Listing provided by: Alexandrite Real Estate Ltd. · Data source: CREA DDF.

Description

Introducing Willow Lane—now offering the final available residence on one of South Oak Bay’s most coveted streets. From the moment you enter, the home makes a striking impression with a dramatic 18'+ dining space with integrated wine bar, rich hardwood flooring, bespoke millwork, and an elegant glass railing system. Expansive glass doors open to a private, sun-drenched west-facing garden, creating seamless indoor-outdoor living. This refined 3 bedroom plus den residence is anchored by a luxurious primary retreat featuring a spa-inspired 4-piece ensuite with soaker tub and a private west-facing deck to capture evening sunsets. A rare offering in South Oak Bay, this is a home that must be experienced in person to be fully appreciated, book your showing today! (id:63159)

Values & Trends

This listing

$872/sqft

Building average

No other active listings in this building

South Oak Bay average

$883/sqft

2 active listing(s)

Parking: 2 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Gonzales Point

15°C

Humidity 76%

Wind W 10 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

17,990

(2021 Census)

-0.6% since 2016

Density: 1,710.1/km²

Dwellings: 8,168

Median household income: $107,000

After-tax: $93,000

Immigrant population: 21.9%

Top countries of origin (% of total population)

  • United Kingdom7% · 1,265
  • United States of America2.9% · 515
  • China1.5% · 270
  • Germany0.9% · 155
  • South Africa, Republic of0.5% · 85
  • Netherlands0.4% · 80
  • Philippines0.4% · 75
  • Taiwan0.4% · 70

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

15

2/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Monterey Middle SchoolElementary468 m
Oak Bay SecondarySecondary1.5 km
Margaret Jenkins ElementaryElementary1.6 km
Glenlyon Norfolk School(Independent)K-121.7 km
Sundance-Bank ElementaryElementary1.8 km
Ecole Willows ElementaryElementary1.9 km
St Patrick's School(Independent)Elementary1.9 km
Victor SchoolK-122.6 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Cafes (5+)

  • Unnamed416 m
  • Windsor Cafe · 2540 Windsor Road478 m
  • FARO610 m
  • Demitasse Cafe · 2164 McNeill Avenue720 m
  • Oak Bay Marina Coffee House742 m

Parks (5+)

  • Windsor Park · 2451 Windsor Road328 m
  • Native Plant Garden554 m
  • Marina Park629 m
  • Queen’s Park658 m
  • Anderson Hill Park700 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($305,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,220,000.00
Periodic payment — Principal & Interest (monthly)$7,871.03
Additional monthly expenses (strata, tax, utilities, etc.)$367.05
Total monthly cost$8,238.08
Interest paid over 5-yr term$349,655.51
Balance at end of term$1,097,393.95

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$305,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,381.37

Cash Needed at Closing

Minimum down payment$305,000
Estimated BC PTT$28,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$335,000

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

Request more information