Property Type: Detached HouseOwnership: Freehold

374 Sunset Ave

Oak Bay, BC V8S4L2

$4,949,900

5 bed7 bath6 parking5,789 sqftBuilt 2021
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Property Details

Property & Lot

Sub-type
House
Lot size
10,920 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$18,631.05

Interior

Heating
Heat Pump, Other
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
StorageLower level9'2 x 7'0
StorageLower level13'7 x 10'2
Utility roomLower level5'0 x 7'0
EnsuiteLower level3-Piece
BedroomLower level15'1 x 15'6
MediaLower level16'1 x 22'2
BathroomLower level3-Piece
GymLower level11'8 x 11'8
OtherLower level11'10 x 7'1
BalconyOther5'3 x 16'8
Laundry roomSecond level12'0 x 6'7
BathroomSecond level4-Piece
BedroomSecond level12'4 x 12'0
EnsuiteSecond level3-Piece
BedroomSecond level11'4 x 15'6
EnsuiteSecond level5-Piece
Primary BedroomSecond level14'10 x 16'8
PatioOther10'8 x 23'9
PatioOther18'8 x 16'2
Living roomMain level15'10 x 16'8
Dining roomMain level10'0 x 16'8
PantryMain level10'6 x 7'7
KitchenMain level16'8 x 19'4
Family roomMain level16'8 x 20'3
BedroomMain level16'0 x 16'0
BathroomMain level3-Piece
BathroomMain level2-Piece
OfficeMain level14'10 x 15'6
EntranceMain level13'3 x 8'0

Listing Information

MLS®
1038898
Listed
June 2, 2026
Time on market
On the market for 90 days
Data last synced
August 28, 2026

Listing provided by: Engel & Volkers Vancouver Island · Data source: CREA DDF.

Description

Welcome to 374 Sunset Avenue, an exceptional custom residence in the heart of South Oak Bay, where timeless design, outstanding craftsmanship, and breathtaking ocean and mountain views create an extraordinary place to call home. Thoughtfully designed with exceptional custom millwork throughout, this home offers elegant yet functional living spaces finished to the highest standard. The chef’s kitchen is appointed with premium Sub-Zero and Wolf appliances, custom two-tone cabinetry, and a walk-through butler’s pantry. Modern comfort is enhanced by dual-zone heat pumps with air conditioning, in-floor radiant heat, Control4 smart home automation, an elevator, and an EV-ready garage. The luxurious primary ensuite features a Kohler DTV+ digital shower system, while the lower level boasts a spectacular home theatre complete with a 4K projector and 150-inch screen, plus a stylish wet bar. Outside, enjoy a beautifully designed, low-maintenance backyard featuring a sport court, outdoor kitchen, fire pit, and hot tub—an exceptional setting for family living and entertaining. (id:63159)

Values & Trends

This listing

$855/sqft

Building average

No other active listings in this building

South Oak Bay average

$909/sqft

23 active listing(s)

Parking: 6 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

15

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 SchoolElementary736 m
Margaret Jenkins ElementaryElementary883 m
Glenlyon Norfolk School(Independent)K-121.2 km
Sundance-Bank ElementaryElementary1.9 km
Oak Bay SecondarySecondary2.0 km
Sir James Douglas ElementaryElementary2.2 km
St Patrick's School(Independent)Elementary2.3 km
Central Middle SchoolElementary2.5 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

Cafes (2)

  • Unnamed698 m
  • The Teahouse at Abkhazi Garden · 1964 Fairfield Road699 m

Parks (5+)

  • Walbran Park186 m
  • Lafayette Park · 2200 Lafayette Street314 m
  • Gonzales Hill Regional Park · 302 Denison Road443 m
  • Trafalgar Park476 m
  • Unnamed518 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($989,980) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,959,920.00
Periodic payment — Principal & Interest (monthly)$25,548.06
Additional monthly expenses (strata, tax, utilities, etc.)$1,841.59
Total monthly cost$27,389.65
Interest paid over 5-yr term$1,134,924.45
Balance at end of term$3,561,960.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$989,980
Stress test qualifying rate8.09%
Payment you must qualify for$30,450.40

Cash Needed at Closing

Minimum down payment$989,980
Estimated BC PTT$165,495
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,156,975

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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