2655 Shady Lane
Oak Bay, BC V8R6T6
$3,599,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 11,872 square feet
- Zoning
- Residential
RS5
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $15,162.77
Interior
- Heating
- Electric, Hot Water, Other
- Cooling / A/C
- See Remarks
- Fireplace
- Yes (3)
Parking
- Total spaces
- 8
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Patio | Main level | — |
| Patio | Main level | — |
| Storage | Lower level | — |
| Bathroom | Main level | 3-Piece |
| Bedroom | Lower level | — |
| Laundry room | Lower level | — |
| Media | Lower level | — |
| Loft | Second level | — |
| Bathroom | Second level | 3-Piece |
| Balcony | Second level | — |
| Office | Second level | — |
| Bedroom | Second level | — |
| Bedroom | Second level | — |
| Ensuite | Second level | 3-Piece |
| Bedroom | Second level | — |
| Ensuite | Second level | 4-Piece |
| Primary Bedroom | Second level | — |
| Sunroom | Main level | — |
| Bathroom | Main level | 2-Piece |
| Den | Main level | — |
| Pantry | Main level | — |
| Kitchen | Main level | — |
| Dining room | Main level | — |
| Living room | Main level | — |
| Family room | Main level | — |
| Entrance | Main level | — |
Listing Information
- MLS®
- 1029029
- Listed
- March 19, 2026
- Time on market
- On the market for 165 days
- Data last synced
- August 28, 2026
Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.
Description
Discerning Character This stately 1921 residence has been thoughtfully reimagined with more than $800K in upgrades, blending timeless elegance with modern comfort. Set on nearly 12,000 sq. ft. of sun-filled grounds on a quiet lane off prestigious Beach Drive, the 5 bedroom - 4,500 sq. ft. home offers both privacy and presence, behind custom automated gates. Inside, classic architecture is paired with contemporary updates. A chef’s kitchen by Urbana is a show stopper on the main floor with its expansive island and top-tier appliances. Comfort is enhanced with updated underfloor heating including a new boiler, along with three new natural gas fireplaces in the den, living room and family room. The original fir floors have been restored to their former magnificence and the sunroom has been completely rebuilt as a serene retreat. New folding doors extend the dining room to a refinished west-facing patio for effortless indoor-outdoor living. Upstairs, the reconfigured primary suite includes a generous walk-in closet and a spa-inspired ensuite by Urbana. The lower level features a gym with rubberized flooring, along with a bedroom and bathroom with new shower. Outside, extensive landscaping creates a sanctuary of its own: succulent crevice gardens, custom cedar planters, a new slate patio, and a Bluetooth-enabled irrigation and lighting system. A separate double garage completes the property. Centrally located near Oak Bay Marina, GNS Junior School, and a short stroll to the Village, this home offers a refined retreat with ample space for family and entertaining. (id:63159)
Values & Trends
This listing
$795/sqft
Building average
—
No other active listings in this building
North Oak Bay average
$940/sqft
3 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 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
33
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
| School | Type | Distance |
|---|---|---|
| Oak Bay Secondary | Secondary | 691 m |
| Ecole Willows Elementary | Elementary | 756 m |
| St Patrick's School(Independent) | Elementary | 1.2 km |
| Monterey Middle School | Elementary | 1.3 km |
| Sundance-Bank Elementary | Elementary | 1.5 km |
| Glenlyon Norfolk School(Independent) | K-12 | 1.9 km |
| Margaret Jenkins Elementary | Elementary | 2.1 km |
| Artemis Place Secondary(Independent) | Secondary | 2.2 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 (2)
- The Oaks Restaurant · 2250 Oak Bay Avenue509 m
- Bon Sushi · 1467 Hampshire Road628 m
Cafes (5+)
- Ottavio · 2272 Oak Bay Avenue463 m
- Hide & Seek Coffee · 2207 Oak Bay Avenue603 m
- Starbucks642 m
- Windsor Cafe · 2540 Windsor Road654 m
- Oak Bay Marina Coffee House712 m
Grocery (1)
- Fairway Market Athlone Court · 2187 Oak Bay Avenue661 m
Parks (5+)
- Firefighter's Park207 m
- Haynes Park · 1499 Beach Drive316 m
- Bowker Creek Walkway487 m
- Queen’s Park595 m
- Willows Park613 m
Gyms (1)
- barreMADE · 2270 Cadboro Bay Road642 m
Pharmacies (2)
- Fort Royal Pharmacy · 2217 Oak Bay Avenue591 m
- Pharmasave · 2200 Oak Bay Avenue599 m
Banks & ATMs (5+)
- RBC · 2255 Oak Bay Avenue529 m
- CIBC · 2224 Oak Bay Avenue562 m
- BMO · 2219 Oak Bay Avenue582 m
- Scotiabank623 m
- Unnamed634 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($719,800) — 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.