250 King George Terr
Oak Bay, BC V8S2K2
$2,490,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 20,553 square feet
- Zoning
- Residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $13,857.66
Interior
- Heating
- Baseboard heaters, Electric, Wood, Hot Water
- Cooling / A/C
- None
- Fireplace
- Yes (3)
Exterior & Lot
- View
- Mountain view, Ocean view
Parking
- Total spaces
- 4
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Workshop | Lower level | — |
| Utility room | Lower level | — |
| Storage | Lower level | — |
| Laundry room | Lower level | — |
| Balcony | Second level | — |
| Ensuite | Second level | 4-Piece |
| Bedroom | Second level | — |
| Bedroom | Second level | — |
| Ensuite | Second level | 5-Piece |
| Primary Bedroom | Second level | — |
| Patio | Main level | — |
| Bathroom | Main level | 2-Piece |
| Family room | Main level | — |
| Eating area | Main level | — |
| Dining room | Main level | — |
| Kitchen | Main level | — |
| Great room | Main level | — |
| Living room | Main level | — |
| Ensuite | Main level | 4-Piece |
| Bedroom | Main level | — |
| Den | Main level | — |
| Bathroom | Main level | 2-Piece |
| Entrance | Main level | — |
Listing Information
- MLS®
- 1040312
- 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
For those who seek the grace and charm of a time forgotten, 250 King George Terr is a breath of fresh air. Overlooking Gonzales Bay, this timeless beauty offers a glimpse of architecture not seen for many years. Conceived from a European theme, this 3900 sq. ft. residence is designed and built around a central hall with gorgeous chandelier, an expansive ceiling, and fireplace. Large rooms and preserved wood give the main level a feeling of charm and coziness. From the central hall the grand winding staircase takes you to the second level, where 3 more bedrooms await, primary with a balcony with views to the south. All this on a beautifully appointed sundrenched lot of almost a half-acre, gently sloping above King George Terr. This property is zoned R4 and easily fits Oak Bay’s recommended changes for infill housing within Bill 44 requirements, which would allow 4 magnificent ocean view homes in one of the city’s finest locations. Call for more details or an appointment to view. (id:63159)
Values & Trends
This listing
$644/sqft
Building average
—
No other active listings in this building
Gonzales average
$1,209/sqft
11 active listing(s)
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
11
1/9 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
| School | Type | Distance |
|---|---|---|
| Monterey Middle School | Elementary | 1.1 km |
| Margaret Jenkins Elementary | Elementary | 1.1 km |
| Glenlyon Norfolk School(Independent) | K-12 | 1.5 km |
| Sundance-Bank Elementary | Elementary | 2.2 km |
| Sir James Douglas Elementary | Elementary | 2.2 km |
| Oak Bay Secondary | Secondary | 2.4 km |
| St Patrick's School(Independent) | Elementary | 2.7 km |
| Central Middle School | Elementary | 2.7 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
Parks (5+)
- Trafalgar Park147 m
- Walbran Park268 m
- Quimper Park · 2115 Quimper Street317 m
- Unnamed338 m
- Lafayette Park · 2200 Lafayette Street605 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($498,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.