309 King George Terr
Oak Bay, BC V8S2J8
$3,650,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 8,700 square feet
- Zoning
- Residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $10,341.27
Interior
- Heating
- Baseboard heaters, Electric
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Exterior & Lot
- View
- Ocean view
- Waterfront
- Waterfront on ocean
Building
- Parcel ID (PID)
- 002-915-278
Parking
- Total spaces
- 2 — covered indicated
- Features
- Detached Garage
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Lower level | 3-Piece |
| Laundry room | Lower level | 5' x 8' |
| Storage | Lower level | 4' x 8' |
| Storage | Lower level | 7' x 6' |
| Other | Lower level | 6' x 8' |
| Storage | Lower level | 4' x 7' |
| Storage | Lower level | 11' x 23' |
| Office | Lower level | 19' x 23' |
| Storage | Second level | 7' x 23' |
| Bathroom | Second level | 3-Piece |
| Primary Bedroom | Second level | 15' x 17' |
| Balcony | Main level | 11' x 10' |
| Bedroom | Main level | 9' x 12' |
| Dining room | Main level | 13' x 23' |
| Living room | Main level | 8' x 17' |
| Kitchen | Main level | 9' x 6' |
| Bathroom | Main level | 3-Piece |
| Entrance | Main level | 9' x 6' |
Listing Information
- MLS®
- 1033136
- Listed
- April 29, 2026
- Time on market
- On the market for 124 days
- Data last synced
- August 30, 2026
Listing provided by: Engel & Volkers Vancouver Island · Data source: CREA DDF.
Description
OH Sat Aug 29th 2-4 - Where the garden meets the sea, and history finds a home! Perched on the shoreline of Gonzales Bay, this upscale seaside cottage offers a rare chance to own a piece of the coast’s storied past. Located on prestigious King George Terrace, this property blends vintage character with unparalleled views. The soul of the home lies in its panoramic windows, framing the Salish Sea like a living gallery. From the sun-drenched living room to the primary suite, the connection to the water is absolute. Inside, a nostalgic charm invites you to slow down, featuring unique built-ins and a classic vanity. Outside the a botanical sanctuary; a tiered rock garden of azaleas surrounds a winding stone staircase leading to the water's edge. This historic retreat captures a bygone era—quiet, private, and deeply connected to nature. It is a rare opportunity to preserve a legacy in one of the region’s most sought-after neighbourhoods. (id:63159)
Values & Trends
This listing
$1,714/sqft
Building average
—
No other active listings in this building
Gonzales average
$1,112/sqft
11 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 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
11
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
| School | Type | Distance |
|---|---|---|
| Monterey Middle School | Elementary | 922 m |
| Margaret Jenkins Elementary | Elementary | 1.0 km |
| Glenlyon Norfolk School(Independent) | K-12 | 1.4 km |
| Sundance-Bank Elementary | Elementary | 2.1 km |
| Sir James Douglas Elementary | Elementary | 2.2 km |
| Oak Bay Secondary | Secondary | 2.2 km |
| St Patrick's School(Independent) | Elementary | 2.5 km |
| Central Middle School | Elementary | 2.6 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
Parks (5+)
- Walbran Park197 m
- Trafalgar Park274 m
- Unnamed403 m
- Quimper Park · 2115 Quimper Street412 m
- Lafayette Park · 2200 Lafayette Street476 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($730,000) — 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.