Property Type: Condo / ApartmentOwnership: Strata

302 2340 Oak Bay Ave

Oak Bay, BC V8R1G9

$599,000

3 bed2 bath1 parking1,531 sqftBuilt 1969
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
1,518 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$1,091/mo
Annual property tax
$24,451.69

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
1 — covered indicated
Features
Carport

Restrictions & Policies

Pets
Allowed with restrictions
Age / occupancy
Age restriction applies

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
BedroomMain level11' x 12'
EnsuiteMain level3-Piece
BedroomMain level14' x 14'
BathroomMain level4-Piece
Primary BedroomMain level13' x 17'
KitchenMain level8' x 10'
Dining roomMain level8' x 12'
Living roomMain level17' x 20'
BalconyMain level5' x 14'
EntranceMain level4' x 11'

Listing Information

MLS®
1040752
Listed
June 18, 2026
Time on market
On the market for 74 days
Data last synced
August 28, 2026

Listing provided by: Newport Realty Ltd. · Data source: CREA DDF.

Description

NEW PRICE & GREAT VALUE! This extra large CO-OP unit has been beautifully refreshed & includes new interior paint & light fixtures. Prime location & only steps to the ocean & Oak Bay Village! Comfortably downsize to 1531 sq ft & savour being in a south facing corner unit with lots of windows. 2 bedrooms plus a den & 2 full bathrooms including a walk in shower & grab bars in the en-suite. So much natural light & gorgeous treetop views from your balcony. A divine location & completely walkable to all manner of amenities including great restaurants, banks, cafes, groceries, Rec Centres & library, public transportation & oceanfront walkways & Willows Beach. York House is a quiet, safe and very well maintained co-op building with a proactive council. One cat allowed. No rentals & age 50+ for at least one owner & all other occupants must be at least 18+ years. A co-op provides an incredible lifestyle at a price point well below comparable strata properties, with no property transfer tax. MONTHLY CONDO FEES INCLUDE THE OWNER'S PORTION OF THE PROPERTY TAXES & HOT WATER! Move in ready & offers outstanding value in a world class location! (id:63159)

Values & Trends

This listing

$391/sqft

Building average

No other active listings in this building

North Oak Bay average

No comparable active listings

Parking: 1 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

48

6/9 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
Oak Bay SecondarySecondary647 m
Monterey Middle SchoolElementary951 m
Ecole Willows ElementaryElementary1.0 km
St Patrick's School(Independent)Elementary1.2 km
Sundance-Bank ElementaryElementary1.3 km
Glenlyon Norfolk School(Independent)K-121.6 km
Margaret Jenkins ElementaryElementary1.8 km
Victor SchoolK-122.0 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)

  • The Oaks Restaurant · 2250 Oak Bay Avenue214 m
  • Bon Sushi · 1467 Hampshire Road323 m
  • Oak Bay Seafood · 2024 Oak Bay Avenue753 m
  • Kissako Sushi · 2027 Oak Bay Avenue753 m

Cafes (5+)

  • Ottavio · 2272 Oak Bay Avenue162 m
  • Hide & Seek Coffee · 2207 Oak Bay Avenue310 m
  • Starbucks370 m
  • Windsor Cafe · 2540 Windsor Road471 m
  • Marcelo’s Coffee Shop · 2060 Oak Bay Avenue639 m

Grocery (1)

  • Fairway Market Athlone Court · 2187 Oak Bay Avenue375 m

Parks (5+)

  • Haynes Park · 1499 Beach Drive299 m
  • Firefighter's Park347 m
  • Cochrane's Common420 m
  • Bowker Creek Walkway491 m
  • Queen’s Park554 m

Pharmacies (2)

  • Fort Royal Pharmacy · 2217 Oak Bay Avenue294 m
  • Pharmasave · 2200 Oak Bay Avenue326 m

Banks & ATMs (5+)

  • RBC · 2255 Oak Bay Avenue216 m
  • CIBC · 2224 Oak Bay Avenue281 m
  • BMO · 2219 Oak Bay Avenue283 m
  • Unnamed345 m
  • TD349 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($34,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$479,200.00
Periodic payment — Principal & Interest (monthly)$3,091.64
Additional monthly expenses (strata, tax, utilities, etc.)$3,205.64
Total monthly cost$6,297.28
Interest paid over 5-yr term$137,340.10
Balance at end of term$431,041.95

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$34,900
Stress test qualifying rate8.09%
Payment you must qualify for$4,337.73

Cash Needed at Closing

Minimum down payment$34,900
Estimated BC PTT$9,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,380

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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