Property Type: Condo / ApartmentOwnership: Strata

406 1916 Oak Bay Ave

Victoria, BC V8R1C7

$664,000

1 bed1 bath1 parking545 sqftBuilt 2024
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
545 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$302/mo
Annual property tax
$3,948.6

Interior

Heating
Forced air
Cooling / A/C
Air Conditioned
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed with restrictions

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

Room Dimensions

RoomLevelDimensions
BalconyMain level7'4 x 11'8
Living roomMain level11'9 x 10'6
BedroomMain level9'2 x 9'10
KitchenMain level9'3 x 12'9
BathroomMain level4-Piece
Laundry roomMain level4'7 x 6'3
EntranceMain level5'8

Listing Information

MLS®
1027746
Listed
March 13, 2026
Time on market
On the market for 171 days
Data last synced
August 28, 2026

Listing provided by: Newport Realty Ltd. · Data source: CREA DDF.

Description

The Redfern is one of the finest modern buildings constructed by Jawl Properties and is situated in one of Victoria’s most desirable neighbourhoods. This one-bedroom residence is located on the South Side of the building, featuring a beautifully sun-drenched deck. Only 29 luxury homes are situated in a village setting that offers shops, cafes, pubs, beaches, schools and parks, all within walking distance. Built to last with concrete and steel construction, oversized indoor and outdoor spaces and unmatched functional luxury, your home will be comfortable year-round with energy-efficient forced air heating and air conditioning. Enjoy modern living in a lush neighbourhood with trees. Spa bathrooms and dream kitchens are designed to impress with extensive Italian millwork, integrated hidden refrigerator and dishwasher, Wolf professional gas cooktops, Fisher-Paykel appliances and double-thick quartz countertops. This one-bedroom residence offers just under 550 sqft of living space, a dedicated laundry room and spacious patio. An ideal home for the discerning buyer. Visit Marc’s website for more photos and floor plan or email marc@owen-flood.com (id:63159)

Values & Trends

This listing

$1,218/sqft

Building average

No other active listings in this building

Jubilee average

$526/sqft

7 active listing(s)

Parking: 1 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

Mainly Clear

16°C

Mainly Clear

Humidity 73%

Wind S 6 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

91,867

(2021 Census)

+7.1% since 2016

Density: 4,723.2/km²

Dwellings: 53,070

Median household income: $67,500

After-tax: $60,000

Immigrant population: 20%

Top countries of origin (% of total population)

  • United Kingdom3.8% · 3,505
  • United States of America2.1% · 1,945
  • Philippines2% · 1,845
  • China1.2% · 1,110
  • India0.7% · 650
  • Germany0.6% · 590
  • Korea, South0.4% · 400
  • Netherlands0.3% · 315

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

59

7/9 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
Sundance-Bank ElementaryElementary278 m
St Patrick's School(Independent)Elementary701 m
Oak Bay SecondarySecondary710 m
Glenlyon Norfolk School(Independent)K-12791 m
Victor SchoolK-121.1 km
Margaret Jenkins ElementaryElementary1.2 km
Monterey Middle SchoolElementary1.3 km
Ecole Willows ElementaryElementary1.5 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

Restaurants (5+)

  • White Heather Tea Room · 1885 Oak Bay Avenue73 m
  • Panda Island Chinese Cuisine79 m
  • Confit · 1871 Oak Bay Avenue90 m
  • Tapas on Oak · 2006 Oak Bay Avenue226 m
  • Oak Bay Seafood · 2024 Oak Bay Avenue279 m

Cafes (5+)

  • Discovery Coffee · 1964 Oak Bay Avenue126 m
  • Good Earth Coffeehouse · 1971 Oak Bay Avenue186 m
  • Marcelo’s Coffee Shop · 2060 Oak Bay Avenue392 m
  • QV Coffee House · 1769 Fort Street479 m
  • Tim Hortons · 1950 Foul Bay Road494 m

Grocery (3)

  • Save-On-Foods · 1950 Foul Bay Road468 m
  • Fairway Market Athlone Court · 2187 Oak Bay Avenue658 m
  • Urban Grocer751 m

Parks (5+)

  • Entrance Park · 2001 Oak Bay Avenue215 m
  • Redfern Park · 1755 Redfern Street297 m
  • Agamemnon and Eleni Kasapi Park · 1850 Leighton Road319 m
  • Maddison Green462 m
  • Wilmer Green Park546 m

Gyms (3)

  • Arbutus Physiotherapy · 1928 Oak Bay Avenue47 m
  • Spinco Oak Bay · 2005 Oak Bay Avenue225 m
  • Six Factors Fitness · 1931 Lee Avenue460 m

Pharmacies (5+)

  • Fort Royal Pharmacy · 1803 Fort Street464 m
  • I.D.A. · 1775 Fort Street470 m
  • The Medicine Shoppe · 1964 Fort Street627 m
  • Rexall · 1990 Fort Street673 m
  • Pharmasave · 2200 Oak Bay Avenue706 m

Banks & ATMs (5+)

  • Island Savings: Jubilee Branch · 1955 Fort Street558 m
  • Scotiabank681 m
  • TD684 m
  • Unnamed688 m
  • Coast Capital Savings · 2067 Cadboro Bay Road712 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 6.2% ($41,400) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$531,200.00
Periodic payment — Principal & Interest (monthly)$3,427.12
Additional monthly expenses (strata, tax, utilities, etc.)$658.05
Total monthly cost$4,085.17
Interest paid over 5-yr term$152,243.45
Balance at end of term$477,816.12

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$41,400
Stress test qualifying rate8.09%
Payment you must qualify for$4,787.58

Cash Needed at Closing

Minimum down payment$41,400
Estimated BC PTT$11,280
Legal / closing costs (typical estimate)$1,500
Total cash needed$54,180

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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