Property Type: Condo / ApartmentOwnership: Strata

505 1175 Beach Dr

Oak Bay, BC V8S2N2

$4,300,000

2 bed3 bath2 parking2,129 sqftBuilt 2012
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
2,129 square feet
Zoning
Other

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$1,680/mo
Annual property tax
$14,300

Interior

Heating
Forced air, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
Yes (3)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
2 — covered indicated
Features
Garage

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
DenSecond level13' x 14'
BedroomSecond level13' x 14'
EnsuiteSecond level4-Piece
EnsuiteMain level5-Piece
BathroomMain level2-Piece
Primary BedroomMain level13' x 15'
KitchenMain level9' x 13'
Dining roomMain level9' x 14'
Living roomMain level14' x 19'
BalconyMain level3' x 18'
BalconyMain level5' x 9'
EntranceMain level5' x 8'

Listing Information

MLS®
1023053
Listed
January 12, 2026
Time on market
On the market for 231 days
Data last synced
August 28, 2026

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

Description

Welcome to the premier penthouse in the award-winning Oak Bay Beach Hotel. This 2,129 sq. ft. residence offers 2 bedrooms with spa-inspired ensuites, a den/optional 3rd bedroom, and a guest powder room. High-end appliances, granite countertops, and hardwood floors complete the elegant interior, while two balconies showcase stunning views of Mt. Baker and the Haro Strait. Enjoy the convenience of hotel living with access to the pool, hot tub, sauna, concierge, room service, and housekeeping. A secure double garage and a walkable location near the Victoria Golf Club, Oak Bay Marina, and Oak Bay Village make this the ultimate in luxury and ease. (id:63159)

Values & Trends

This listing

$2,020/sqft

Building average

No other active listings in this building

South Oak Bay average

$663/sqft

10 active listing(s)

Parking: 2 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

22

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 SchoolElementary1.1 km
Oak Bay SecondarySecondary1.8 km
Ecole Willows ElementaryElementary1.9 km
Glenlyon Norfolk School(Independent)K-122.3 km
Margaret Jenkins ElementaryElementary2.3 km
St Patrick's School(Independent)Elementary2.3 km
Sundance-Bank ElementaryElementary2.3 km
Victor SchoolK-123.1 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 (3)

  • FARO39 m
  • Oak Bay Marina Coffee House537 m
  • Windsor Cafe · 2540 Windsor Road682 m

Parks (4)

  • Native Plant Garden98 m
  • Marina Park306 m
  • Windsor Park · 2451 Windsor Road618 m
  • Queen’s Park633 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($860,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,440,000.00
Periodic payment — Principal & Interest (monthly)$22,193.71
Additional monthly expenses (strata, tax, utilities, etc.)$2,977.30
Total monthly cost$25,171.01
Interest paid over 5-yr term$985,913.89
Balance at end of term$3,094,291.13

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$860,000
Stress test qualifying rate8.09%
Payment you must qualify for$26,452.40

Cash Needed at Closing

Minimum down payment$860,000
Estimated BC PTT$133,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$994,500

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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