Property Type: Condo / ApartmentOwnership: Strata

335 King George Terr

Oak Bay, BC V8S2J8

$2,499,000

3 bed3 bath3 parking2,955 sqftBuilt 1989
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Property Details

Property & Lot

Sub-type
House
Lot size
6,728 square feet
Zoning
Residential

R-5

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$0/mo
Annual property tax
$11,669.88

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Ocean view

Parking

Total spaces
3

Restrictions & Policies

Pets
Allowed

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

Room Dimensions

RoomLevelDimensions
EnsuiteMain level5-Piece
OtherLower level
EntranceLower level
PatioSecond level
PatioSecond level
MediaSecond level
BedroomSecond level
BedroomSecond level
BathroomSecond level4-Piece
PatioMain level
PatioMain level
Primary BedroomMain level
Laundry roomMain level
BalconyMain level
Family roomMain level
KitchenMain level
Eating areaMain level
BathroomMain level2-Piece
Dining roomMain level
Living roomMain level
EntranceMain level

Listing Information

MLS®
1029520
Listed
March 20, 2026
Time on market
On the market for 164 days
Data last synced
August 28, 2026

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

Description

Welcome to 335 King George Terrace, a tranquil coastal retreat in Oak Bay’s prestigious Gonzales neighbourhood. This 3-bedroom, 3-bathroom residence offers nearly 3,000 sq. ft. of well-designed living space, with panoramic ocean views from every level. The main floor features a bright, open-concept living and dining area, a well-appointed kitchen, and a sun-filled primary suite complete with a walk-in closet and ensuite. Multiple patios create seamless indoor-outdoor living, perfect for entertaining. Upstairs, vaulted ceilings enhance a spacious media room, along with two additional bedrooms and direct access to expansive outdoor areas. A double garage provides secure parking and ample storage. Tucked away on a quiet cul-de-sac just steps to the beach and parks, and minutes from Oak Bay Village, this home embodies the essence of West Coast living in a highly sought-after seaside setting. (id:63159)

Values & Trends

This listing

$846/sqft

Building average

No other active listings in this building

Gonzales average

$1,263/sqft

1 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 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

2/9 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 SchoolElementary887 m
Margaret Jenkins ElementaryElementary1.0 km
Glenlyon Norfolk School(Independent)K-121.4 km
Sundance-Bank ElementaryElementary2.1 km
Oak Bay SecondarySecondary2.2 km
Sir James Douglas ElementaryElementary2.3 km
St Patrick's School(Independent)Elementary2.5 km
Central Middle SchoolElementary2.6 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

Cafes (1)

  • Unnamed795 m

Parks (5+)

  • Walbran Park207 m
  • Trafalgar Park310 m
  • Unnamed439 m
  • Lafayette Park · 2200 Lafayette Street440 m
  • Quimper Park · 2115 Quimper Street450 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($499,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,999,200.00
Periodic payment — Principal & Interest (monthly)$12,898.16
Additional monthly expenses (strata, tax, utilities, etc.)$1,120.49
Total monthly cost$14,018.65
Interest paid over 5-yr term$572,976.47
Balance at end of term$1,798,286.87

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$499,800
Stress test qualifying rate8.09%
Payment you must qualify for$15,373.15

Cash Needed at Closing

Minimum down payment$499,800
Estimated BC PTT$52,970
Legal / closing costs (typical estimate)$1,500
Total cash needed$554,270

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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