Property Type: Detached HouseOwnership: Freehold

2835 Lincoln Rd

Oak Bay, BC V8R6A8

$4,135,000

7 bed5 bath5 parking5,620 sqftBuilt 2008
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Property Details

Property & Lot

Sub-type
House
Lot size
0.5 acres
Zoning
Residential

RS 2

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$22,384

Interior

Heating
Heat Pump, Forced air, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Parking

Total spaces
5

Room Dimensions

RoomLevelDimensions
EnsuiteSecond level4-Piece
BedroomThird level12' x 22'
Laundry roomSecond level7' x 6'
OfficeThird level10' x 10'
Recreation roomThird level27' x 24'
Family roomMain level16' x 15'
BedroomThird level11' x 14'
BedroomSecond level15' x 12'
BedroomMain level13' x 14'
BathroomThird level4-Piece
BathroomSecond level4-Piece
BathroomMain level2-Piece
BedroomSecond level17' x 12'
BedroomMain level10' x 14'
BathroomMain level4-Piece
Primary BedroomSecond level16' x 16'
Wine CellarThird level5' x 6'
KitchenMain level12' x 21'
StorageThird level12' x 14'
Dining roomMain level15' x 13'
StorageMain level6' x 16'
Living roomMain level17' x 17'
BalconyOther16' x 10'
BalconyThird level15' x 18'
BalconySecond level10' x 13'
BalconyMain level10' x 19'
EntranceMain level12' x 19'

Listing Information

MLS®
1033326
Listed
April 23, 2026
Time on market
On the market for 130 days
Data last synced
August 28, 2026

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

Description

Beautifully updated in 2008, this West Coast Contemporary residence offers over 5,600 sq. ft. on a private, manicured half-acre lot across from Uplands Park. The versatile 3-level floor plan includes 7 bedrooms, 4.5 bathrooms, and a fully finished lower level with nanny/in-law accommodation, rec room, media room, and wine cellar. Quality finishings include mahogany hardwood floors, heated tile, Eclipse doors, bamboo cabinetry, stainless steel appliances, a 6-burner Viking gas range, smart wiring, and 2 gas fireplaces. Outdoor features include over 900 sq. ft. of patios/decks, sport court, and garden. Heated garage, dual heat pumps, and generous heated storage complete this impressive family home. (id:63159)

Values & Trends

This listing

$736/sqft

Building average

No other active listings in this building

Uplands average

$650/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

30

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 ElementaryElementary765 m
Oak Bay SecondarySecondary1.6 km
St Patrick's School(Independent)Elementary1.8 km
Artemis Place Secondary(Independent)Secondary1.9 km
Lansdowne Middle SchoolMiddle2.1 km
St. Michaels University School(Independent)K-122.3 km
Sundance-Bank ElementaryElementary2.3 km
Monterey Middle SchoolElementary2.6 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)

  • Nohra Thai Kitchen · 2524 Estevan Avenue470 m
  • The Village Estevan Restaurant · 2518 Estevan Avenue473 m
  • AsUsual Cafe · 2510 Estevan Avenue477 m
  • Machi Sushi · 2583 Cadboro Bay Road783 m

Cafes (1)

  • Ruth & Dean Restaurant & Bakery · 2509 Estevan Avenue509 m

Grocery (1)

  • The Old Farm Market · 2585 Cadboro Bay Road770 m

Parks (5+)

  • Uplands Park327 m
  • Nottingham Park482 m
  • Thompson/Topp Park625 m
  • Unnamed693 m
  • Willows Park696 m

Gyms (1)

  • Curves · 2545 Musgrave Street466 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($827,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,308,000.00
Periodic payment — Principal & Interest (monthly)$21,342.09
Additional monthly expenses (strata, tax, utilities, etc.)$2,146.33
Total monthly cost$23,488.43
Interest paid over 5-yr term$948,082.31
Balance at end of term$2,975,556.70

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$827,000
Stress test qualifying rate8.09%
Payment you must qualify for$25,437.36

Cash Needed at Closing

Minimum down payment$827,000
Estimated BC PTT$124,750
Legal / closing costs (typical estimate)$1,500
Total cash needed$953,250

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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