Property Type: Detached HouseOwnership: Freehold

587 Oliver St

Oak Bay, BC V8S4W2

$3,100,000

3 bed3 bath4 parking1,920 sqftBuilt 2026
Get Directions

Property Details

Property & Lot

Sub-type
House
Lot size
6,650 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,791.71

Interior

Heating
Heat Pump, Heat Recovery Ventilation (HRV)
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
Laundry roomMain level5'6
BedroomMain level11'4
BathroomMain level3-Piece
BedroomMain level11'5
EnsuiteMain level5-Piece
Primary BedroomMain level14'2 x 14'7
Living roomMain level15'8
Dining roomMain level15'5 x 9'3
PantryMain level5'3 x 4'4
KitchenMain level14'7 x 8'7
BathroomMain level2-Piece
EntranceMain level8'3 x 9'2

Listing Information

MLS®
1036359
Listed
June 25, 2026
Time on market
On the market for 67 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Camosun · Data source: CREA DDF.

Description

Welcome to a truly exceptional offering in South Oak Bay — a residence that redefines single-level luxury living. Conceived as the collaborative vision of Rob Sharples and Rothschild West Design, this architecturally refined rancher represents a level of design, craftsmanship, and performance seldom found in today’s market. Purposefully created for those unwilling to compromise, the home delivers seamless indoor-outdoor living through soaring 9’ to 12’ ceilings, clean architectural lines, and a thoughtful floor plan devoted to effortless main-floor living. Every space has been meticulously considered, resulting in a residence that feels both sophisticated and remarkably livable. Offering three bedrooms and three bathrooms, the interiors showcase an extraordinary level of detail. Custom millwork, integrated built-ins, and curated finishes create a sense of understated luxury, while the beautifully crafted banquette dining area serves as both a gathering place and a striking design feature. The primary suite offers a private sanctuary, complete with a spa-inspired ensuite featuring custom oak cabinetry, a heated bench within the zero-edge shower, and a deep soaker tub. Constructed entirely with insulated concrete form (ICF) technology, the home delivers exceptional energy performance, acoustic separation, and long-term durability. Designed to support graceful age-in-place living, it offers the convenience of single-level living without sacrificing comfort or elegance. Positioned just steps from Beach Drive, the residence places South Oak Bay’s most coveted amenities at your doorstep — from the shoreline and Victoria Golf Club to Oak Bay Marina and the village’s boutiques, cafés, and restaurants. This is more than a luxury rancher; it is a rare and highly considered offering that establishes a new benchmark for downsizing in South Oak Bay — where design, performance, and lifestyle converge in one of Victoria’s most prestigious coastal neighbourhoods. (id:63159)

Values & Trends

This listing

$1,615/sqft

Building average

No other active listings in this building

South Oak Bay average

$876/sqft

23 active listing(s)

Parking: 4 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

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 SchoolElementary346 m
Margaret Jenkins ElementaryElementary1.2 km
Glenlyon Norfolk School(Independent)K-121.4 km
Oak Bay SecondarySecondary1.7 km
Sundance-Bank ElementaryElementary1.8 km
St Patrick's School(Independent)Elementary2.1 km
Ecole Willows ElementaryElementary2.3 km
Sir James Douglas ElementaryElementary2.6 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)

  • Unnamed163 m
  • Demitasse Cafe · 2164 McNeill Avenue679 m

Parks (4)

  • Lafayette Park · 2200 Lafayette Street232 m
  • Anderson Hill Park479 m
  • Kitty Islet Park654 m
  • Walbran Park725 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($620,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,480,000.00
Periodic payment — Principal & Interest (monthly)$16,000.12
Additional monthly expenses (strata, tax, utilities, etc.)$745.31
Total monthly cost$16,745.43
Interest paid over 5-yr term$710,775.13
Balance at end of term$2,230,768.02

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$620,000
Stress test qualifying rate8.09%
Payment you must qualify for$19,070.33

Cash Needed at Closing

Minimum down payment$620,000
Estimated BC PTT$73,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$694,500

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.

Request more information