Property Type: Detached HouseOwnership: Freehold

2366 Zela St

Oak Bay, BC V8S2X2

$2,399,000

4 bed2 bath2 parking2,460 sqftBuilt 1921
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Property Details

Property & Lot

Sub-type
House
Lot size
5,830 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$8,843.78

Interior

Heating
Electric, Hot Water, Other
Cooling / A/C
Window air conditioner
Fireplace
Yes (1)

Parking

Total spaces
2 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
BathroomAuxiliary Building
BedroomAuxiliary Building
Living roomAuxiliary Building
KitchenAuxiliary Building
Recreation roomLower level
OfficeSecond level
BathroomSecond level
Primary BedroomSecond level
BedroomSecond level
BedroomSecond level
Family roomMain level
KitchenMain level
DenMain level
Living roomMain level13' x 15'
EntranceMain level6' x 11'
PorchMain level

Listing Information

MLS®
1039721
Listed
June 15, 2026
Time on market
On the market for 77 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Camosun · Data source: CREA DDF.

Description

eEuropean-inspired elegance meets modern living in this exceptional South Oak Bay residence. Situated on a quiet side street just steps from Oak Bay Avenue, parks, schools, transit, and the waterfront, this beautifully updated home seamlessly blends timeless character with contemporary comfort. The stunning open-concept kitchen addition in 2023 by Villamar features premium Miele and KitchenAid appliances, custom cabinetry, coffered ceilings, and Hunter Douglas blinds throughout. Major upgrades include new electrical, newer windows,and infloor Heating kitchen area Roof is 20years old that is regularly inspected and maintained, mostly updated perimeter drains, and new basement flooring. The detached garden suite with a 4-piece bath offers outstanding flexibility as a guest retreat, home office, studio, or space for extended family. Outside, enjoy a professionally redesigned garden by Demitasse Landscapers featuring a pond, fountain, automated irrigation, and night lighting. move-in-ready home in one of Victoria's most coveted neighbourhoods. (id:63159)

Values & Trends

This listing

$975/sqft

Building average

No other active listings in this building

South Oak Bay average

$904/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 79%

Wind N calm 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 SchoolElementary259 m
Oak Bay SecondarySecondary1.4 km
Margaret Jenkins ElementaryElementary1.4 km
Glenlyon Norfolk School(Independent)K-121.5 km
Sundance-Bank ElementaryElementary1.7 km
St Patrick's School(Independent)Elementary1.9 km
Ecole Willows ElementaryElementary1.9 km
Victor SchoolK-122.5 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)

  • Unnamed271 m
  • Demitasse Cafe · 2164 McNeill Avenue542 m
  • Windsor Cafe · 2540 Windsor Road592 m

Parks (4)

  • Windsor Park · 2451 Windsor Road458 m
  • Lafayette Park · 2200 Lafayette Street615 m
  • Anderson Hill Park686 m
  • Native Plant Garden763 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($479,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,919,200.00
Periodic payment — Principal & Interest (monthly)$12,382.03
Additional monthly expenses (strata, tax, utilities, etc.)$859.98
Total monthly cost$13,242.01
Interest paid over 5-yr term$550,048.24
Balance at end of term$1,726,326.61

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$479,800
Stress test qualifying rate8.09%
Payment you must qualify for$14,757.98

Cash Needed at Closing

Minimum down payment$479,800
Estimated BC PTT$49,970
Legal / closing costs (typical estimate)$1,500
Total cash needed$531,270

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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