Property Type: Detached HouseOwnership: Freehold

295 King George Terr

Oak Bay, BC V8S2J8

$6,500,000

4 bed4 bath3 parking3,694 sqftBuilt 2011
Get Directions

Property Details

Property & Lot

Sub-type
House
Lot size
18,120 square feet
Zoning
Residential

R-4

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$26,707.37

Interior

Heating
Other
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
3

Room Dimensions

RoomLevelDimensions
Utility roomOther
BalconySecond level
EnsuiteSecond level5-Piece
Primary BedroomSecond level
BedroomSecond level
EnsuiteSecond level5-Piece
Laundry roomSecond level
BedroomSecond level
Recreation roomSecond level
BalconyOther
StudioOther
PatioOther
PatioMain level
PatioMain level
PatioMain level
PatioMain level
StorageMain level
Living roomMain level
Dining roomMain level
EnsuiteMain level3-Piece
BedroomMain level
OfficeMain level
KitchenMain level
Mud roomMain level
BathroomMain level2-Piece
EntranceMain level

Listing Information

MLS®
1030573
Listed
April 9, 2026
Time on market
On the market for 144 days
Data last synced
August 28, 2026

Listing provided by: The Agency · Data source: CREA DDF.

Description

A striking example of modern minimalism perched on the southern edge of Oak Bay, this custom-built oceanfront residence offers panoramic views from nearly every room. Designed for seamless indoor-outdoor living, the main floor boasts 11’ ceilings and expansive glass walls that open onto multiple patios, a sleek swimming pool, and a dedicated gym/studio. The chef’s kitchen features integrated appliances and a massive island perfect for entertaining. Upstairs, the serene primary suite includes a walk-in closet, spa-like ensuite, and private covered balcony. Also accessible from the upper floor is the expansive rooftop deck - perfect for yoga, stargazing, or sunset gatherings. Radiant in-floor heating, custom millwork, and architectural detailing throughout provide comfort and sophistication. Tucked on a private corner lot with a 2-car garage, carport, and lush landscaping, this is coastal living redefined: luxurious, tranquil, and effortlessly connected to nature. (id:63159)

Values & Trends

This listing

$1,760/sqft

Building average

No other active listings in this building

Gonzales average

$1,108/sqft

11 active listing(s)

Parking: 3 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

7

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

SchoolTypeDistance
Monterey Middle SchoolElementary979 m
Margaret Jenkins ElementaryElementary1.1 km
Glenlyon Norfolk School(Independent)K-121.5 km
Sundance-Bank ElementaryElementary2.2 km
Oak Bay SecondarySecondary2.3 km
Sir James Douglas ElementaryElementary2.3 km
St Patrick's School(Independent)Elementary2.6 km
Central Middle SchoolElementary2.8 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 Park258 m
  • Walbran Park322 m
  • Quimper Park · 2115 Quimper Street443 m
  • Unnamed462 m
  • Lafayette Park · 2200 Lafayette Street531 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($1,300,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$5,200,000.00
Periodic payment — Principal & Interest (monthly)$33,548.64
Additional monthly expenses (strata, tax, utilities, etc.)$2,410.61
Total monthly cost$35,959.25
Interest paid over 5-yr term$1,490,334.95
Balance at end of term$4,677,416.82

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$1,300,000
Stress test qualifying rate8.09%
Payment you must qualify for$39,986.18

Cash Needed at Closing

Minimum down payment$1,300,000
Estimated BC PTT$243,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,544,500

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