Property Type: Detached HouseOwnership: Freehold

2168 Esplanade

Oak Bay, BC V8R2W1

$3,495,000

8 bed4 bath6 parking4,248 sqftBuilt 1958
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Property Details

Property & Lot

Sub-type
House
Lot size
12,415 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$15,206.6

Interior

Heating
Heat Pump, Baseboard heaters, Electric
Cooling / A/C
Air Conditioned
Fireplace
None

Exterior & Lot

View
Ocean view

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
Laundry roomMain level
StorageMain level
BathroomSecond level4-Piece
BedroomSecond level
BedroomSecond level
EnsuiteSecond level4-Piece
BedroomSecond level
Primary BedroomSecond level
BalconySecond level
BedroomMain level
BedroomMain level
BathroomMain level3-Piece
BedroomMain level
BedroomMain level
EntranceMain level
Living roomMain level
Family roomMain level
KitchenMain level
Dining roomMain level
BathroomMain level2-Piece
EntranceMain level

Listing Information

MLS®
1043392
Listed
July 27, 2026
Time on market
On the market for 35 days
Data last synced
August 28, 2026

Listing provided by: Engel & Volkers Vancouver Island · Data source: CREA DDF.

Description

A rare hidden gem on Oak Bay’s premier waterfront! Situated in an unbeatable world class location this property offers sweeping ocean views. Distinguished by its generous footprint, light-filled living spaces, private 2nd-floor sun deck & unmatched privacy. This residence has been proudly lived in by the current owners for over 40 years & provides a spectacular canvas for the discerning buyer. Bring your personal design vision & modern touches to elevate one of Oak Bay's most sought after addresses. Step outside for direct access to Willows Beach, take in lively views of beach goers, windsurfers, passing ships, the sheer force of nature & the dramatic backdrop of the snow-capped mountains. Whether lightly updating or reimagining the interior to suit contemporary luxury living, the potential here is truly limitless including the possibility to split the home into 2 living spaces.You are steps to transit, short walking distance to schools & amenities.This home is an Oak Bay treasure. (id:63159)

Values & Trends

This listing

$823/sqft

Building average

No other active listings in this building

Estevan average

$843/sqft

3 active listing(s)

Parking: 6 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

22

4/9 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
Ecole Willows ElementaryElementary571 m
Oak Bay SecondarySecondary1.0 km
St Patrick's School(Independent)Elementary1.4 km
Monterey Middle SchoolElementary1.8 km
Sundance-Bank ElementaryElementary1.9 km
Artemis Place Secondary(Independent)Secondary2.1 km
Lansdowne Middle SchoolMiddle2.3 km
Glenlyon Norfolk School(Independent)K-122.4 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 (3)

  • Nohra Thai Kitchen · 2524 Estevan Avenue584 m
  • The Village Estevan Restaurant · 2518 Estevan Avenue590 m
  • AsUsual Cafe · 2510 Estevan Avenue596 m

Cafes (1)

  • Ruth & Dean Restaurant & Bakery · 2509 Estevan Avenue579 m

Parks (3)

  • Willows Park125 m
  • Firefighter's Park622 m
  • Haynes Park · 1499 Beach Drive738 m

Gyms (2)

  • Curves · 2545 Musgrave Street617 m
  • barreMADE · 2270 Cadboro Bay Road719 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($699,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,796,000.00
Periodic payment — Principal & Interest (monthly)$18,038.84
Additional monthly expenses (strata, tax, utilities, etc.)$1,479.22
Total monthly cost$19,518.06
Interest paid over 5-yr term$801,341.64
Balance at end of term$2,515,011.04

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$699,000
Stress test qualifying rate8.09%
Payment you must qualify for$21,500.26

Cash Needed at Closing

Minimum down payment$699,000
Estimated BC PTT$92,750
Legal / closing costs (typical estimate)$1,500
Total cash needed$793,250

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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