Property Type: DuplexOwnership: Freehold

2442/2462 Eastdowne Rd

Oak Bay, BC V8R5P8

$1,549,000

6 bed2 bath4 parking1,956 sqftBuilt 1951
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Property Details

Property & Lot

Sub-type
Duplex
Lot size
11,388 square feet
Zoning
Residential

Ownership & Fees

Property type
Duplex
Ownership
Freehold
Annual property tax
$8,244

Interior

Heating
Forced air, Electric
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
BathroomMain level
BedroomMain level
BedroomMain level
Primary BedroomMain level
KitchenMain level
Living roomMain level
BathroomMain level
BedroomMain level
BedroomMain level
Primary BedroomMain level
KitchenMain level
Living roomMain level

Listing Information

MLS®
1043531
Listed
July 16, 2026
Time on market
On the market for 46 days
Data last synced
August 28, 2026

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

Description

An exceptional development opportunity, or live in an amazing location in the heart of Oak Bay with a mortgage helper! This rare 11,000+ sqft. sun-drenched corner lot offers coveted South exposure on a quiet street, just steps to everything that makes this community so desirable. Enjoy an easy walk to Willows Beach, Estevan Village, Oak Bay Village, and Oak Bay Recreation Centre, with top-rated schools including Oak Bay High and Willows Elementary only minutes away. The existing side-by-side duplex features spacious 3 bedroom homes on each side, complete with garages and private fenced yards, providing strong holding income while you plan your vision. Whether you’re looking to live in a prime location, invest, redevelop, or hold, this property offers endless potential in one of Victoria’s most prestigious neighbourhoods. Opportunities like this are rarely available, don’t miss your chance! (id:63159)

Values & Trends

This listing

$792/sqft

Building average

No other active listings in this building

Henderson average

No comparable active listings

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 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

48

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
Ecole Willows ElementaryElementary470 m
Oak Bay SecondarySecondary550 m
St Patrick's School(Independent)Elementary589 m
Sundance-Bank ElementaryElementary1.2 km
Artemis Place Secondary(Independent)Secondary1.2 km
Lansdowne Middle SchoolMiddle1.4 km
Victor SchoolK-121.6 km
Oaklands ElementaryElementary1.7 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+)

  • Machi Sushi · 2583 Cadboro Bay Road421 m
  • Baan Thai460 m
  • Le Pho · 1990 Fort Street547 m
  • AsUsual Cafe · 2510 Estevan Avenue721 m
  • The Village Estevan Restaurant · 2518 Estevan Avenue726 m

Cafes (5+)

  • Pure Vanilla Bakery and Cafe398 m
  • Tim Hortons445 m
  • Starbucks660 m
  • Ruth & Dean Restaurant & Bakery · 2509 Estevan Avenue693 m
  • Tim Hortons · 1950 Foul Bay Road716 m

Grocery (3)

  • The Old Farm Market · 2585 Cadboro Bay Road438 m
  • Save-On-Foods · 1950 Foul Bay Road734 m
  • Farmy Market · 2897 Foul Bay Road775 m

Parks (5+)

  • Carnarvon Park474 m
  • Unnamed494 m
  • Unnamed · 2037 Cadboro Bay Road496 m
  • Bowker Creek Walkway599 m
  • Thompson/Topp Park681 m

Gyms (2)

  • barreMADE · 2270 Cadboro Bay Road291 m
  • Curves · 2545 Musgrave Street727 m

Pharmacies (2)

  • Rexall · 1990 Fort Street536 m
  • The Medicine Shoppe · 1964 Fort Street603 m

Banks & ATMs (4)

  • Coast Capital Savings · 2067 Cadboro Bay Road449 m
  • TD478 m
  • Island Savings: Jubilee Branch · 1955 Fort Street668 m
  • Instacoin ATM785 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Similar Listings Nearby

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($309,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,239,200.00
Periodic payment — Principal & Interest (monthly)$7,994.90
Additional monthly expenses (strata, tax, utilities, etc.)$785.00
Total monthly cost$8,779.90
Interest paid over 5-yr term$355,158.28
Balance at end of term$1,114,664.41

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$309,800
Stress test qualifying rate8.09%
Payment you must qualify for$9,529.01

Cash Needed at Closing

Minimum down payment$309,800
Estimated BC PTT$28,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$340,280

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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