535 Island Rd
Oak Bay, BC V8S2T7
$2,600,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 21,156 square feet
- Zoning
- Residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $12,501
Interior
- Heating
- Baseboard heaters, Oil, Electric, Hot Water
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Parking
- Total spaces
- 3
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Other | Lower level | 3'9 x 5'5 |
| Other | Lower level | 4'11 |
| Storage | Lower level | 5'9 x 17'10 |
| Recreation room | Lower level | 12'11 |
| Laundry room | Lower level | 6'8 x 8'5 |
| Storage | Lower level | 15'9 x 27'3 |
| Bathroom | Second level | 4-Piece |
| Bedroom | Second level | 16'5 x 13'5 |
| Bedroom | Second level | 12'11 x 13'5 |
| Bedroom | Second level | 9'7 x 11'11 |
| Primary Bedroom | Main level | 13'11 |
| Ensuite | Main level | 3-Piece |
| Family room | Main level | 17'3 x 18'4 |
| Pantry | Main level | 7'3 x 8'6 |
| Kitchen | Main level | 11'5 x 15'11 |
| Dining room | Main level | 11'5 x 12'5 |
| Living room | Main level | 14'11 x 19'10 |
| Bathroom | Main level | 2-Piece |
| Entrance | Main level | 4'7 |
Listing Information
- MLS®
- 1047061
- Listed
- August 26, 2026
- Time on market
- On the market for 5 days
- Data last synced
- August 28, 2026
Listing provided by: Newport Realty Ltd. · Data source: CREA DDF.
Description
Welcome to 535 Island Road-one of the most private and revered garden estates in all of South Oak Bay. Lovingly owned and tended by the late Lord and Lady Chatfield, this 0.49 acre property personifies the true meaning of a legendary garden with historical significance. Sweeping lawns are embraced by a magnificent variety of mature trees and extraordinary gardens cultivated over generations of thought and care, positioned in a most private and sought after neighbourhood near to the ocean and the world famous Victoria Golf Course. Set amongst the gardens is an honest, handsome 1931 character residence that awaits thoughtful rejuvenation. The spectacular setting has quietly intrigued many and hosted a number of prominent gatherings over the years. Opportunities to extend the provenance of such a renowned estate are so few and far between as to only exist once in a lifetime. (id:63159)
Values & Trends
This listing
$912/sqft
Building average
—
No other active listings in this building
South Oak Bay average
$906/sqft
23 active listing(s)
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
19
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
| School | Type | Distance |
|---|---|---|
| Monterey Middle School | Elementary | 741 m |
| Margaret Jenkins Elementary | Elementary | 1.8 km |
| Glenlyon Norfolk School(Independent) | K-12 | 1.9 km |
| Oak Bay Secondary | Secondary | 2.0 km |
| Sundance-Bank Elementary | Elementary | 2.3 km |
| Ecole Willows Elementary | Elementary | 2.4 km |
| St Patrick's School(Independent) | Elementary | 2.5 km |
| Victor School | K-12 | 3.1 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 (2)
- Unnamed469 m
- FARO799 m
Parks (5+)
- Anderson Hill Park192 m
- Kitty Islet Park401 m
- McMicking Point Park511 m
- Lafayette Park · 2200 Lafayette Street728 m
- Native Plant Garden777 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($520,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.