Property Type: Detached HouseOwnership: Freehold

50 King George Terr

Oak Bay, BC V8S2J9

$2,885,000

4 bed3 bath3 parking3,711 sqftBuilt 1911
Get Directions

Property Details

Property & Lot

Sub-type
House
Lot size
16,953 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$12,843.56

Interior

Heating
Electric, Natural gas, Wood, Hot Water
Cooling / A/C
None
Fireplace
Yes (4)

Exterior & Lot

View
City view, Mountain view, Ocean view

Parking

Total spaces
3

Room Dimensions

RoomLevelDimensions
Unfinished RoomLower level
WorkshopLower level
StorageLower level
Unfinished RoomLower level
BedroomSecond level
BedroomSecond level
SunroomSecond level
BedroomSecond level
Primary BedroomSecond level
BathroomSecond level4-Piece
BathroomSecond level4-Piece
PatioMain level
BathroomMain level2-Piece
Mud roomMain level7'
Living roomMain level
Sitting roomMain level
SunroomMain level
Dining roomMain level
EntranceMain level
PatioMain level
PantryMain level
KitchenMain level
Family roomMain level
EntranceMain level

Listing Information

MLS®
1026993
Listed
March 5, 2026
Time on market
On the market for 179 days
Data last synced
August 28, 2026

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

Description

Admire some of Southern Vancouver Island’s most picturesque coastline from your cherished character home in Oak Bay! This stunning arts and crafts example has been carefully updated over the years to offer modern conveniences with all the warmth and elegance of yesteryear. Inside the stately home, you will find character details consistent with the era including 4 ornate fireplaces, oak and fir flooring with mahogany inlays, and extensive millwork producing beautiful balusters, picture frame moulding, and wainscotting. The spacious main living areas are framed around the view and are flooded with south facing sunshine. Unique family room with 11' barrel ceiling features original pendant lighting, gas fireplace, and a 6' steel vault. Upstairs there are 4 bedrooms, laundry, and 2 updated bathrooms. Two options for a primary bedroom, with dual walk-in closets, are connected by a sun room with the most breathtaking views of Gonzales Beach, Harling Point, Clover Point, and the Olympic Mountain Range. Exterior updates include an entry gate, significant stonework and hardscaping to create beautiful outdoor living areas, as well as a detached garage. A built-in sound system, outdoor fireplace, and sauna complete this unique offering in today’s market. (id:63159)

Values & Trends

This listing

$777/sqft

Building average

No other active listings in this building

Gonzales average

$1,197/sqft

11 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

19

3/9 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
Margaret Jenkins ElementaryElementary827 m
Monterey Middle SchoolElementary998 m
Glenlyon Norfolk School(Independent)K-121.2 km
Sundance-Bank ElementaryElementary2.0 km
Sir James Douglas ElementaryElementary2.0 km
Oak Bay SecondarySecondary2.2 km
Central Middle SchoolElementary2.4 km
St Patrick's School(Independent)Elementary2.5 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 (1)

  • The Teahouse at Abkhazi Garden · 1964 Fairfield Road704 m

Parks (5+)

  • Walbran Park86 m
  • Unnamed250 m
  • Trafalgar Park307 m
  • Quimper Park · 2115 Quimper Street313 m
  • Gonzales Hill Regional Park · 302 Denison Road397 m

Pharmacies (1)

  • Gonzales Pharmacy · 1845 Fairfield Road754 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($577,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,308,000.00
Periodic payment — Principal & Interest (monthly)$14,890.43
Additional monthly expenses (strata, tax, utilities, etc.)$1,256.30
Total monthly cost$16,146.73
Interest paid over 5-yr term$661,479.43
Balance at end of term$2,076,053.46

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$577,000
Stress test qualifying rate8.09%
Payment you must qualify for$17,747.71

Cash Needed at Closing

Minimum down payment$577,000
Estimated BC PTT$64,550
Legal / closing costs (typical estimate)$1,500
Total cash needed$643,050

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.

Request more information