318 Newport Ave
Oak Bay, BC V8S5C5
$4,249,000
Property Details
Property & Lot
- Sub-type
- House
- Style
- Character
- Lot size
- 14,626 square feet
- Zoning
- Residential
R2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $18,529.91
Interior
- Heating
- Baseboard heaters, Electric, Natural gas
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (3)
- Appliances
- Washer, Refrigerator, Dishwasher, Range, Dryer, Microwave, Oven - Built-In
Exterior & Lot
- View
- Mountain view, Ocean view
- Lot features
- Level lot, Private setting, Southern exposure, Corner Site, Other, Marine Oriented
Building
- Parcel ID (PID)
- 000-049-930
Parking
- Total spaces
- 2
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Other | Lower level | — |
| Other | Lower level | — |
| Storage | Lower level | — |
| Laundry room | Second level | — |
| Bathroom | Second level | 5-Piece |
| Bedroom | Second level | — |
| Bedroom | Second level | — |
| Ensuite | Second level | 4-Piece |
| Sitting room | Second level | — |
| Primary Bedroom | Second level | — |
| Patio | Main level | — |
| Patio | Main level | — |
| Patio | Main level | — |
| Eating area | Main level | — |
| Kitchen | Main level | — |
| Bathroom | Main level | 3-Piece |
| Office | Main level | — |
| Dining room | Main level | — |
| Family room | Main level | — |
| Living room | Main level | — |
| Entrance | Main level | — |
Listing Information
- MLS®
- 1040157
- Listed
- June 11, 2026
- Time on market
- On the market for 81 days
- Data last synced
- September 1, 2026
Listing provided by: The Agency · Data source: CREA DDF.
Description
Set on one of South Oak Bay’s most coveted streets, this beautifully maintained residence offers over 3,200 sq ft of living space and timeless architectural appeal. Rich in character, the home features soaring ceilings, graceful archways, leaded glass accents, detailed woodwork, and hardwood floors throughout. The main level is designed for both everyday living and entertaining, offering gracious living and dining rooms, a spacious kitchen w/eating area, family room, office, and seamless access to multiple patios and beautifully landscaped gardens. Upstairs, the primary retreat enjoys views toward Victoria Golf Club and the ocean, complete w/a sitting area, walk-in closet, and ensuite. Two additional bedrooms, a full bathroom, and a dedicated laundry complete the upper level. An unfinished lower level provides excellent storage space. Perfectly positioned moments from Victoria Golf Club, Oak Bay Village, parks, beaches, and the waterfront. (id:63159)
Values & Trends
This listing
$1,317/sqft
Building average
—
No other active listings in this building
South Oak Bay average
$889/sqft
23 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
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 | 1.1 km |
| Margaret Jenkins Elementary | Elementary | 2.0 km |
| Glenlyon Norfolk School(Independent) | K-12 | 2.2 km |
| Oak Bay Secondary | Secondary | 2.4 km |
| Sundance-Bank Elementary | Elementary | 2.6 km |
| Ecole Willows Elementary | Elementary | 2.8 km |
| St Patrick's School(Independent) | Elementary | 2.8 km |
| Sir James Douglas Elementary | Elementary | 3.3 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 (3)
- McMicking Point Park176 m
- Kitty Islet Park295 m
- Anderson Hill Park346 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($849,800) — 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.