Property Type: Detached HouseOwnership: Freehold

376 King George Terr

Oak Bay, BC V8S2K3

$2,958,000

4 bed4 bath5 parking3,427 sqftBuilt 1958
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Property Details

Property & Lot

Sub-type
House
Lot size
6,360 square feet
Zoning
Residential

RS5

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$13,727

Interior

Heating
Natural gas, Other
Cooling / A/C
None
Fireplace
Yes (4)

Exterior & Lot

View
Mountain view, Ocean view

Parking

Total spaces
5

Room Dimensions

RoomLevelDimensions
BalconySecond level8'4 x 15'0
EnsuiteSecond level5-Piece
Primary BedroomSecond level15'1 x 18'3
BalconyMain level8'7 x 9'2
BathroomMain level3-Piece
Laundry roomMain level5'6 x 10'0
BedroomMain level10'0 x 12'5
Living roomMain level15'0 x 24'5
Eating areaMain level9'4 x 13'5
KitchenMain level9'1 x 13'5
EnsuiteLower level3-Piece
BathroomAdditional AccommodationX
Utility roomLower level6'7 x 9'6
BedroomAdditional Accommodation9'6 x 14'4
BedroomAdditional Accommodation12'8 x 12'10
Living roomAdditional Accommodation13'4 x 15'0
Dining roomAdditional Accommodation5'0 x 15'0
KitchenAdditional Accommodation7'0 x 15'0
EntranceLower level8'4 x 11'10

Listing Information

MLS®
1036618
Listed
May 21, 2026
Time on market
On the market for 102 days
Data last synced
August 28, 2026

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

Description

Perfectly positioned on prestigious King George Terrace, this exceptional residence captures stunning southeast views across McNeill Bay to the Olympic Mountains while offering the very best of refined Oak Bay living. Fully transformed in 2012 from top to bottom, this modern executive home blends timeless elegance with contemporary luxury, showcasing 4 gas fireplaces, a gated entry, front fountain, and double detached garage. A standout feature of the home is its incredibly versatile executive layout, thoughtfully designed to accommodate multi-generational living with ease. The main level offers private rear entry access to a beautifully appointed 2-bedroom, 2-bath in-law or nanny suite, complete with its own gourmet kitchen, living space, and exceptional flexibility for extended family, guests, or live-in support. Upstairs, expansive open-concept living and dining areas flow seamlessly into a sunken chef’s kitchen featuring high-end cabinetry, granite countertops, and stainless steel appliances. A secondary bedroom with adjacent 3-piece bath completes the level. The entire top floor is dedicated to a luxurious primary retreat, offering exceptional privacy with a gas fireplace, office nook, spa-inspired ensuite, walk-in closet with custom organizers, and a private ocean view deck. Thoughtful features such as in-floor heating, powered gates, and refined finishings throughout elevate the home even further. Just steps to oceanfront pathways and minutes from top public and private schools, parks, and Oak Bay Village, this is a rare opportunity to enjoy an unparalleled lifestyle in one of Victoria’s most coveted seaside neighbourhoods. (id:63159)

Values & Trends

This listing

$863/sqft

Building average

No other active listings in this building

Gonzales average

$1,190/sqft

11 active listing(s)

Parking: 5 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 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

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 SchoolElementary774 m
Margaret Jenkins ElementaryElementary970 m
Glenlyon Norfolk School(Independent)K-121.3 km
Sundance-Bank ElementaryElementary2.0 km
Oak Bay SecondarySecondary2.1 km
Sir James Douglas ElementaryElementary2.2 km
St Patrick's School(Independent)Elementary2.4 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 (2)

  • Unnamed700 m
  • The Teahouse at Abkhazi Garden · 1964 Fairfield Road792 m

Parks (5+)

  • Walbran Park211 m
  • Lafayette Park · 2200 Lafayette Street331 m
  • Trafalgar Park422 m
  • Unnamed512 m
  • Gonzales Hill Regional Park · 302 Denison Road527 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($591,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,366,400.00
Periodic payment — Principal & Interest (monthly)$15,267.21
Additional monthly expenses (strata, tax, utilities, etc.)$1,314.92
Total monthly cost$16,582.13
Interest paid over 5-yr term$678,217.04
Balance at end of term$2,128,584.45

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$591,600
Stress test qualifying rate8.09%
Payment you must qualify for$18,196.79

Cash Needed at Closing

Minimum down payment$591,600
Estimated BC PTT$66,740
Legal / closing costs (typical estimate)$1,500
Total cash needed$659,840

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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