Property Type: Detached HouseOwnership: Freehold

2194 Central Ave

Oak Bay, BC V8S2R5

$2,199,000

5 bed3 bath4 parking2,364 sqftBuilt 1924
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Property Details

Property & Lot

Sub-type
House
Lot size
6,850 square feet
Zoning
Residential

R-4

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,752.46

Interior

Heating
Heat Pump, Other
Cooling / A/C
See Remarks
Fireplace
Yes (1)

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
Utility roomLower level
Mud roomLower level
Laundry roomLower level
BathroomLower level3-Piece
BedroomLower level
BedroomLower level
EnsuiteSecond level2-Piece
Primary BedroomSecond level
BedroomSecond level
BedroomSecond level
PatioMain level
BathroomMain level4-Piece
KitchenMain level
Eating areaMain level
Living roomMain level
EntranceMain level
Dining roomMain level
PorchMain level

Listing Information

MLS®
1031384
Listed
April 13, 2026
Time on market
On the market for 140 days
Data last synced
August 28, 2026

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

Description

Welcome to 2194 Central Avenue, a beautifully updated 5-bed, 3-bath home in the heart of South Oak Bay. With 2,364 sq. ft. of bright, well-planned living space this residence blends classic charm with thoughtful modern upgrades. The main level features a welcoming front porch, spacious living and dining rooms, and a renovated kitchen with quartz countertops, gas cooktop, and a sunny eating nook. From the kitchen, step down to the expansive 34’ patio and fully fenced backyard—ideal for outdoor living and play. Upstairs offers a generous primary bedroom with walk-in closet and 2-piece ensuite, plus two additional bedrooms. The lower level provides excellent flexibility with two more bedrooms, a full bath, laundry room, mudroom, and ample storage. A detached 20’ x 17’ garage completes this exceptional property. Just steps to the Avenue, beaches, parks, and top schools, this is South Oak Bay living at its finest. (id:63159)

Values & Trends

This listing

$930/sqft

Building average

No other active listings in this building

South Oak Bay average

$905/sqft

23 active listing(s)

Parking: 4 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 SchoolElementary230 m
Margaret Jenkins ElementaryElementary980 m
Glenlyon Norfolk School(Independent)K-121.1 km
Oak Bay SecondarySecondary1.5 km
Sundance-Bank ElementaryElementary1.5 km
St Patrick's School(Independent)Elementary1.9 km
Ecole Willows ElementaryElementary2.2 km
Sir James Douglas ElementaryElementary2.3 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 (3)

  • Unnamed367 m
  • Demitasse Cafe · 2164 McNeill Avenue413 m
  • The Teahouse at Abkhazi Garden · 1964 Fairfield Road747 m

Parks (4)

  • Lafayette Park · 2200 Lafayette Street284 m
  • Walbran Park693 m
  • Gonzales Hill Regional Park · 302 Denison Road696 m
  • Anderson Hill Park796 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($439,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,759,200.00
Periodic payment — Principal & Interest (monthly)$11,349.76
Additional monthly expenses (strata, tax, utilities, etc.)$764.04
Total monthly cost$12,113.80
Interest paid over 5-yr term$504,191.78
Balance at end of term$1,582,406.09

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$439,800
Stress test qualifying rate8.09%
Payment you must qualify for$13,527.63

Cash Needed at Closing

Minimum down payment$439,800
Estimated BC PTT$43,970
Legal / closing costs (typical estimate)$1,500
Total cash needed$485,270

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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