Property Type: Detached HouseOwnership: Freehold

1391 Victoria Ave

Oak Bay, BC V8S4P4

$2,100,000

4 bed3 bath2 parking2,871 sqftBuilt 1920
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Property Details

Property & Lot

Sub-type
House
Lot size
7,500 square feet
Zoning
Residential

R-5

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$10,719.82

Interior

Heating
Heat Pump, Forced air, Natural gas
Cooling / A/C
Central air conditioning
Fireplace
Yes (1)

Parking

Total spaces
2

Room Dimensions

RoomLevelDimensions
Mud roomLower level8'9 x 15'3
BathroomLower level2-Piece
Laundry roomLower level4'9 x 6'0
BedroomLower level9'0 x 9'7
DenLower level7'8 x 11'5
Recreation roomLower level27'5 x 10'8
BathroomSecond level5-Piece
BedroomSecond level11'9 x 14'3
BedroomSecond level12'0 x 12'1
Primary BedroomSecond level13'8 x 15'9
PorchMain level7'5 x 7'6
BathroomMain level2-Piece
PantryMain level8'8 x 6'0
KitchenMain level9'1 x 11'4
Dining roomMain level13'7 x 12'3
Family roomMain level13'1 x 16'2
Living roomMain level13'11 x 14'3
EntranceMain level12'0 x 6'0

Listing Information

MLS®
1046689
Listed
August 13, 2026
Time on market
On the market for 18 days
Data last synced
August 28, 2026

Listing provided by: The Agency · Data source: CREA DDF.

Description

OPEN HOUSE CANCELLED Character without compromise in the heart of Oak Bay. Designed by renowned Victoria architect C. Elwood Watkins, this distinctive home combines enduring architectural character with thoughtful modern updates and the flexibility of no heritage designation. Original fir floors, a built-in dining-room buffet and traditional picture rail preserve the warmth and craftsmanship of the home, while a custom Thomas and Birch kitchen adds a refined contemporary layer with dovetail cabinetry, FloForm quartz counters and Fisher & Paykel appliances. The versatile floor plan offers four bedrooms plus a separate den/office, providing excellent flexibility for family living, guests or working from home. Exceptional custom closets and built-in storage throughout make especially good use of the space and add everyday practicality rarely found in a home of this era. Major upgrades include 200-amp electrical service, a Trane heat pump with gas backup furnace and a Valor gas fireplace, bringing modern comfort and efficiency without compromising the home’s original appeal. Outside, a large south-facing deck with natural gas BBQ connection overlooks the fully fenced garden, thoughtfully arranged into distinct outdoor living zones for entertaining, relaxing and gardening. Mature landscaping provides an established setting, while the generous outdoor areas create an easy extension of the home’s living space and a private place to enjoy the afternoon and evening sun. The result is a character home that has evolved carefully rather than been reinvented: its architectural details remain intact, while the updates make it comfortable and functional for contemporary living. All of this is set in a beautiful, highly walkable Oak Bay location close to the Village, parks, schools, shops, cafés, everyday amenities and the waterfront—a rare combination of architectural pedigree, livability, flexibility and location. (id:63159)

Values & Trends

This listing

$731/sqft

Building average

No other active listings in this building

South Oak Bay average

$914/sqft

23 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

56

7/9 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
Oak Bay SecondarySecondary628 m
Monterey Middle SchoolElementary813 m
Sundance-Bank ElementaryElementary828 m
St Patrick's School(Independent)Elementary979 m
Glenlyon Norfolk School(Independent)K-121.0 km
Margaret Jenkins ElementaryElementary1.3 km
Ecole Willows ElementaryElementary1.3 km
Victor SchoolK-121.6 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

Restaurants (5+)

  • Bon Sushi · 1467 Hampshire Road234 m
  • Kissako Sushi · 2027 Oak Bay Avenue282 m
  • Oak Bay Seafood · 2024 Oak Bay Avenue315 m
  • Tapas on Oak · 2006 Oak Bay Avenue348 m
  • The Oaks Restaurant · 2250 Oak Bay Avenue353 m

Cafes (5+)

  • Marcelo’s Coffee Shop · 2060 Oak Bay Avenue228 m
  • Starbucks240 m
  • Hide & Seek Coffee · 2207 Oak Bay Avenue261 m
  • Good Earth Coffeehouse · 1971 Oak Bay Avenue371 m
  • Ottavio · 2272 Oak Bay Avenue401 m

Grocery (2)

  • Fairway Market Athlone Court · 2187 Oak Bay Avenue212 m
  • Save-On-Foods · 1950 Foul Bay Road770 m

Parks (5+)

  • Cochrane's Common136 m
  • Entrance Park · 2001 Oak Bay Avenue342 m
  • Bowker Creek Walkway639 m
  • Maddison Green661 m
  • Redfern Park · 1755 Redfern Street677 m

Gyms (2)

  • Spinco Oak Bay · 2005 Oak Bay Avenue337 m
  • Arbutus Physiotherapy · 1928 Oak Bay Avenue509 m

Pharmacies (2)

  • Fort Royal Pharmacy · 2217 Oak Bay Avenue271 m
  • Pharmasave · 2200 Oak Bay Avenue273 m

Banks & ATMs (5+)

  • TD229 m
  • Unnamed233 m
  • Scotiabank255 m
  • BMO · 2219 Oak Bay Avenue280 m
  • CIBC · 2224 Oak Bay Avenue302 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($420,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,680,000.00
Periodic payment — Principal & Interest (monthly)$10,838.79
Additional monthly expenses (strata, tax, utilities, etc.)$1,037.32
Total monthly cost$11,876.11
Interest paid over 5-yr term$481,492.83
Balance at end of term$1,511,165.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$420,000
Stress test qualifying rate8.09%
Payment you must qualify for$12,918.61

Cash Needed at Closing

Minimum down payment$420,000
Estimated BC PTT$41,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$462,500

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.

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