3475 Upper Terrace Rd
Oak Bay, BC V8R6E6
$6,995,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 1.08 acres
- Zoning
- Residential
R1
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $38,496.1
Interior
- Heating
- Baseboard heaters, Electric, Hot Water, Other
- Cooling / A/C
- None
- Fireplace
- Yes (6)
Exterior & Lot
- View
- Mountain view, Ocean view
Parking
- Total spaces
- 5
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Patio | Lower level | — |
| Bathroom | Main level | 2-Piece |
| Bathroom | Main level | 2-Piece |
| Storage | Lower level | — |
| Storage | Lower level | — |
| Utility room | Lower level | — |
| Other | Lower level | — |
| Bathroom | Lower level | 3-Piece |
| Bedroom | Lower level | — |
| Kitchen | Lower level | — |
| Living room | Lower level | — |
| Storage | Third level | — |
| Storage | Third level | — |
| Bedroom | Third level | — |
| Ensuite | Second level | 4-Piece |
| Bedroom | Second level | — |
| Bathroom | Second level | 4-Piece |
| Bedroom | Second level | — |
| Bathroom | Second level | 4-Piece |
| Bedroom | Second level | — |
| Ensuite | Second level | 6-Piece |
| Primary Bedroom | Second level | — |
| Storage | Main level | — |
| Patio | Main level | — |
| Patio | Main level | — |
| Patio | Main level | — |
| Patio | Main level | — |
| Office | Main level | — |
| Laundry room | Main level | — |
| Family room | Main level | — |
| Eating area | Main level | — |
| Kitchen | Main level | — |
| Dining room | Main level | — |
| Living room | Main level | — |
| Hobby room | Main level | — |
| Den | Main level | — |
| Entrance | Main level | — |
Listing Information
- MLS®
- 1028287
- Listed
- March 12, 2026
- Time on market
- On the market for 172 days
- Data last synced
- August 28, 2026
Listing provided by: The Agency · Data source: CREA DDF.
Description
Set on a private 1.084-acre lot along a picturesque tree-lined street in prestigious Uplands, this dreamy 1914 Tudor home offers exceptional privacy and a rare blend of historic charm and refined modern living. Substantially renovated and thoughtfully expanded over time, the home showcases the finest materials while preserving its heritage character. Inside, impeccable attention to detail is evident throughout, with hardwood floors, marble finishes, stone vanities, and elegant ceiling mouldings that reflect the home’s refined craftsmanship while blending timeless elegance with modern comfort. The kitchen and eating area feature beautiful arched ceilings and overlook the landscaped gardens, creating a stunning setting that will impress and entertain while seamlessly connecting indoor and outdoor living. The main floor offers an elegant and functional layout with a living room, card room, family room, office, and den—ideal for both entertaining and everyday living. Upstairs, the spacious primary bedroom includes a large walk-in closet and a luxurious 6-piece ensuite with a bathtub perfectly positioned to capture sea views. Three additional bedrooms and three bathrooms complete the second floor. The beautifully landscaped grounds provide a private retreat with a tennis court, greenhouse, detached double garage, and a self-contained lower suite ideal for in-laws or visiting guests. Enjoy panoramic water views from this exceptional property. Adding further value, the property presents future development potential with the possibility to subdivide into three lots: two stratified lots of 6,759 sq ft each and one SFD lot of 33,351 sqft. Minutes from schools, parks, UVic, Uplands Golf Club, and the Royal Victoria Yacht Club, this is a truly special offering in one of Victoria’s most coveted neighbourhoods. (id:63159)
Values & Trends
This listing
$1,190/sqft
Building average
—
No other active listings in this building
Uplands average
$625/sqft
18 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 |
|---|---|---|
| Frank Hobbs Elementary | Elementary | 1.5 km |
| Ecole Willows Elementary | Elementary | 1.8 km |
| St. Michaels University School(Independent) | K-12 | 1.9 km |
| Artemis Place Secondary(Independent) | Secondary | 2.0 km |
| Lansdowne Middle School | Middle | 2.2 km |
| Campus View Elementary | Elementary | 2.2 km |
| Arbutus Global Middle School | Elementary | 2.2 km |
| Mount Douglas Secondary | Secondary | 2.5 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+)
- Unnamed79 m
- Costain Green176 m
- Unnamed183 m
- Unnamed448 m
- Unnamed453 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Explore More Homes
Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($1,399,000) — 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.