Property Type: Detached HouseOwnership: Freehold

2541 Nottingham Rd

Oak Bay, BC V8R6C7

$2,491,000

4 bed2 bath5 parking2,869 sqftBuilt 1956
Get Directions

Property Details

Property & Lot

Sub-type
House
Lot size
12,276 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$10,802.38

Interior

Heating
Electric, Natural gas
Cooling / A/C
None
Fireplace
Yes (2)

Parking

Total spaces
5

Room Dimensions

RoomLevelDimensions
BathroomLower level
PatioLower level
BedroomLower level
Primary BedroomLower level
KitchenLower level
Dining roomLower level
Living roomLower level
EntranceMain level
BedroomMain level
Primary BedroomMain level
Laundry roomMain level
Eating areaMain level
KitchenMain level
Dining roomMain level
Living roomMain level
BathroomMain level4-Piece

Listing Information

MLS®
1046770
Listed
August 14, 2026
Time on market
On the market for 18 days
Data last synced
August 28, 2026

Listing provided by: Pemberton Holmes Ltd. · Data source: CREA DDF.

Description

Prestigious UPLANDS location on a CORNER lot with potential for development. This mid-century home features numerous upgrades, including a recent $250,000 renovation of the lower level to create a 2-bedroom, fully self-contained in-law suite with a private entrance. Stroll to Willows Beach, down the nearby Camus Trail, Uplands Park, or Nottingham Park and playground just down the street. Uplands Golf Course is close by, as well as the Royal Victoria Yacht Club, Oak Bay Marina, University of Victoria, St. Michael's University School, and Willows and Uplands Elementary schools. Oak Bay and Estevan Villages are close as well, offering every amenity you might need. (id:63159)

Values & Trends

This listing

$868/sqft

Building average

No other active listings in this building

Uplands average

$643/sqft

18 active listing(s)

Parking: 5 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

26

5/9 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 ElementaryElementary863 m
Artemis Place Secondary(Independent)Secondary1.5 km
Oak Bay SecondarySecondary1.6 km
Lansdowne Middle SchoolMiddle1.7 km
St Patrick's School(Independent)Elementary1.7 km
St. Michaels University School(Independent)K-121.8 km
Oaklands ElementaryElementary2.3 km
Sundance-Bank 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

Restaurants (4)

  • AsUsual Cafe · 2510 Estevan Avenue624 m
  • The Village Estevan Restaurant · 2518 Estevan Avenue626 m
  • Nohra Thai Kitchen · 2524 Estevan Avenue630 m
  • Machi Sushi · 2583 Cadboro Bay Road725 m

Cafes (2)

  • Ruth & Dean Restaurant & Bakery · 2509 Estevan Avenue654 m
  • Pure Vanilla Bakery and Cafe740 m

Grocery (1)

  • The Old Farm Market · 2585 Cadboro Bay Road707 m

Parks (5+)

  • Nottingham Park140 m
  • Unnamed389 m
  • Thompson/Topp Park450 m
  • Unnamed559 m
  • Midland Circle592 m

Gyms (1)

  • Curves · 2545 Musgrave Street602 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($498,200) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,992,800.00
Periodic payment — Principal & Interest (monthly)$12,856.87
Additional monthly expenses (strata, tax, utilities, etc.)$1,043.20
Total monthly cost$13,900.07
Interest paid over 5-yr term$571,142.21
Balance at end of term$1,792,530.05

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$498,200
Stress test qualifying rate8.09%
Payment you must qualify for$15,323.93

Cash Needed at Closing

Minimum down payment$498,200
Estimated BC PTT$52,730
Legal / closing costs (typical estimate)$1,500
Total cash needed$552,430

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.

Request more information