Property Type: Detached HouseOwnership: Freehold

3311 Gibbs Rd

Oak Bay, BC V8P4Y5

$2,195,000

3 bed3 bath4 parking2,493 sqftBuilt 1957
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Property Details

Property & Lot

Sub-type
House
Lot size
10,519 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$9,986.17

Interior

Heating
Forced air, Natural gas
Cooling / A/C
None
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Hot Tub, Dishwasher, Range, Dryer, Microwave, Oven - Built-In

Exterior & Lot

Lot features
Level lot, Private setting, Wooded area, Corner Site, Rectangular

Building

Parcel ID (PID)
005-028-639

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
PatioOther12'6 x 7'1
Utility roomLower level11'4 x 12'4
StorageLower level5'2 x 10'4
StorageLower level5'4 x 8'5
OfficeLower level8'4 x 19'9
BedroomLower level14'9 x 19'9
BathroomLower level4-Piece
Family roomLower level14'5 x 18'4
PatioOther12'1 x 14'2
PatioOther17'2 x 13'9
BedroomMain level10'9 x 11'0
Primary BedroomMain level13'8 x 14'7
EnsuiteMain level3-Piece
BathroomMain level2-Piece
Dining roomMain level11'8 x 13'6
KitchenMain level10'0 x 16'7
Living roomMain level19'0 x 15'4
EntranceMain level5'8 x 7'6

Listing Information

MLS®
1044960
Listed
August 4, 2026
Time on market
On the market for 27 days
Data last synced
August 31, 2026

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

Description

Situated on the corner of a cul-de-sac, this beautifully reimagined three-bedroom three-bath home was completely redesigned in 2020 by its architect-owner and expertly rebuilt to a high standard. The refined renovation reveals a light-filled residence with an open-concept main floor and a sought-after main floor primary suite, creating a home that feels both sophisticated and welcoming. At the heart of the home, the designer kitchen seamlessly blends style and function. A striking 14-foot island anchors the space, complemented by a Miele dishwasher, Fisher Paykel oven and cooktop, integrated refrigerator, Sharp convection microwave oven, sleek white quartz countertops and a full-height marble slab backsplash with stainless steel canopy and Vent-A-Hood ventilation. Custom-crafted cabinetry completes this exceptional space. Set on a generously sized fully landscaped lot with a sun-drenched southwest-facing yard, the property offers an inviting extension of the living space outdoors. Enjoy a private fenced courtyard with patio, a walk-out lower level and an expansive covered deck designed for year-round enjoyment. A newly built double garage and spacious driveway enhance the property’s functionality and curb appeal. The professionally curated garden, featured in the 2025 Victoria Conservatory of Music Mother’s Day Tour, adds a distinctive and memorable touch, creating a serene and visually striking setting. Move in and enjoy an elevated low-maintenance lifestyle in one of Victoria’s most sought-after neighbourhoods, just moments from Willows and Gyro Beaches, Uplands Park and UVIC. (id:63159)

Values & Trends

This listing

$880/sqft

Building average

No other active listings in this building

Henderson average

$672/sqft

7 active listing(s)

Parking: 4 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

4

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
St. Michaels University School(Independent)K-12820 m
Artemis Place Secondary(Independent)Secondary1.0 km
Lansdowne Middle SchoolMiddle1.1 km
Ecole Willows ElementaryElementary1.7 km
Doncaster ElementaryElementary1.7 km
Campus View ElementaryElementary1.8 km
Oaklands ElementaryElementary1.9 km
Victoria School for Ideal Education(Independent)Elementary/Middle2.0 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

Parks (3)

  • Oakdowne Park699 m
  • Gyro-Henderson Park752 m
  • Henderson Recreation Centre · 2291 Cedar Hill Cross Road754 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($439,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,756,000.00
Periodic payment — Principal & Interest (monthly)$11,329.12
Additional monthly expenses (strata, tax, utilities, etc.)$957.18
Total monthly cost$12,286.30
Interest paid over 5-yr term$503,274.65
Balance at end of term$1,579,527.68

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$439,000
Stress test qualifying rate8.09%
Payment you must qualify for$13,503.03

Cash Needed at Closing

Minimum down payment$439,000
Estimated BC PTT$43,850
Legal / closing costs (typical estimate)$1,500
Total cash needed$484,350

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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