Oak Bay Homes For Sale

Oak Bay

Oak Bay is Greater Victoria's most established seaside community — a walkable enclave of heritage character homes, oceanfront estates, and tree-lined streets just minutes from downtown Victoria. Bordered by the Salish Sea on three sides, it's known for Oak Bay Avenue's village shops, Willows Beach, the Victoria Golf Club, and some of the region's most sought-after neighbourhoods, from South Oak Bay and the Uplands to Gonzales and Estevan.

The listings below update in real time from the MLS®. Whether you're after a 1912 Arts & Crafts home, a modern condo near the village, or a waterfront property with Olympic Mountain views, Oak Bay offers a rare mix of history, prestige, and coastal lifestyle. Have questions about a specific street or building? Call or text Stephen Foster at 250-889-7862.

Real Estate Statistics

Average Price	$3M
Lowest Price	$368K
Highest Price	$52.5M
Total Listings	120
Avg. Days On Market	66
Avg. Price/SQFT	$865

Property Types (active listings)

Current listings in Oak Bay

• All Listings
• $300,000 - $400,000
• $400,000 - $500,000
• $500,000 - $600,000
• $600,000 - $700,000
• $700,000 - $800,000
• $800,000 - $900,000
• $900,000 - $1,000,000
• Over $1,000,000

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$52,500,000

1069/1101 Beach Dr, Oak Bay

0 Beds 0 Baths 0 SqFt Residential MLS® # 1008863

Sotheby's International Realty Canada

$27,999,000

3175 Beach Dr, Oak Bay

12 Beds 10 Baths 14,629 SqFt Residential MLS® # 1024635

The Agency

New

$9,495,000

3445 Beach Dr, Oak Bay

5 Beds 9 Baths 10,486 SqFt Residential MLS® # 1044532

Macdonald Realty Victoria

$8,500,000

121 Denison Rd, Oak Bay

4 Beds 7 Baths 5,055 SqFt Residential MLS® # 1031395

The Agency

$7,500,000

3085 Southdowne Rd, Oak Bay

5 Beds 8 Baths 8,329 SqFt Residential MLS® # 1031542

The Agency

$6,995,000

↓ $254,000

3475 Upper Terrace Rd, Oak Bay

6 Beds 7 Baths 5,878 SqFt Residential MLS® # 1028287

The Agency

$6,500,000

295 King George Terr, Oak Bay

4 Beds 4 Baths 3,694 SqFt Residential MLS® # 1030573

The Agency

$5,999,900

3355 Midland Rd, Oak Bay

5 Beds 12 Baths 13,975 SqFt Residential MLS® # 1025599

LPT Realty

$5,745,000

↓ $250,000

261 King George Terr, Oak Bay

5 Beds 5 Baths 6,061 SqFt Residential MLS® # 1030570

The Agency

$5,650,000

1580 Beach Dr, Oak Bay

4 Beds 6 Baths 7,787 SqFt Residential MLS® # 1040895

The Agency

$5,349,000

↓ $401,000

231 Hidden Pt, Oak Bay

4 Beds 6 Baths 4,236 SqFt Residential MLS® # 1026902

The Agency

$4,949,900

374 Sunset Ave, Oak Bay

5 Beds 7 Baths 5,789 SqFt Residential MLS® # 1038898

Engel & Volkers Vancouver Island

$4,850,000

318 Newport Ave, Oak Bay

3 Beds 3 Baths 3,226 SqFt Residential MLS® # 1040157

The Agency

$4,750,000

2086 Marne St, Oak Bay

4 Beds 3 Baths 2,495 SqFt Residential MLS® # 1015576

Real Broker B.C. Ltd.

$4,399,000

↓ $100,000

3270 Beach Dr, Oak Bay

5 Beds 4 Baths 4,785 SqFt Residential MLS® # 1024304

eXp Realty

$4,300,000

1175 Beach Dr 505, Oak Bay

2 Beds 3 Baths 2,129 SqFt Residential MLS® # 1023053

Engel & Volkers Vancouver Island

$4,200,000

1027 Hampshire Rd, Oak Bay

4 Beds 6 Baths 5,246 SqFt Residential MLS® # 1040867

Alexandrite Real Estate Ltd.

$4,135,000

2835 Lincoln Rd, Oak Bay

7 Beds 5 Baths 5,620 SqFt Residential MLS® # 1033326

Pemberton Holmes Ltd.

$3,937,500

↓ $300,000

2096 Falkland Pl, Oak Bay

5 Beds 4 Baths 4,198 SqFt Residential MLS® # 1031741

Pemberton Holmes Ltd.

$3,895,000

2114 Marne St, Oak Bay

6 Beds 4 Baths 4,201 SqFt Residential MLS® # 1040389

The Agency

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Why Live in Oak Bay

Oak Bay is consistently ranked among Victoria's most desirable neighbourhoods — and for good reason. Nestled along the southeastern coast of Vancouver Island, it combines stately heritage homes, manicured streets, and a village-like atmosphere that feels worlds away from the bustle of downtown, yet remains minutes from Victoria's core. The neighbourhood is defined by the charm of Oak Bay Avenue, with its boutique shops, cafés, and local restaurants, alongside the scenic Oak Bay Marina and the sweeping views of the Haro Strait toward the San Juan Islands.

Families are drawn to Oak Bay for its top-rated schools, including Willows Elementary and Oak Bay High School, while professionals value the neighbourhood's proximity to the University of Victoria, Royal Jubilee Hospital, and downtown Victoria. With Gonzales Beach, Windsor Park, and Cattle Point just moments away, outdoor living is built into everyday life here. If you are looking for a community that balances prestige, lifestyle, and long-term value, Oak Bay delivers on every front.

Oak Bay Real Estate Market

Oak Bay is one of Victoria's most stable and sought-after real estate markets. Properties here hold their value exceptionally well, driven by limited land supply, strong owner-occupancy rates, and consistent demand from local and out-of-province buyers. The market is dominated by detached single-family homes, many of them heritage character properties, with a smaller selection of luxury condominiums and townhomes near Oak Bay Avenue and the marina.

Buyers in Oak Bay typically face competitive conditions, particularly for well-maintained homes in the $1M to $2.5M range. Entry-level opportunities exist in the condominium market, making Oak Bay accessible to a wider range of buyers without sacrificing the neighbourhood's prestige. If you are considering buying or selling in Oak Bay, working with a local expert who understands the micro-market is essential. Contact Stephen Foster for current market insights and a personalized strategy.

Types of Homes in Oak Bay

Oak Bay offers a range of property types to suit different lifestyles and budgets. Whether you are searching for a character estate, a low-maintenance condo, or a multi-family investment property, the neighbourhood has options worth exploring.

• Browse Oak Bay condos for sale — ideal for downsizers, professionals, and buyers seeking a lock-and-leave lifestyle steps from the Oak Bay Marina.
• View Oak Bay townhomes for sale — a great fit for families wanting more space without the maintenance of a full detached home.
• Explore Oak Bay duplexes for sale — attractive investment properties with strong rental potential in one of Victoria's most in-demand rental areas.

Not sure which property type fits your goals? Reach out to Stephen Foster — as a Victoria area specialist, Stephen can match you with the right Oak Bay property for your needs and budget.

Explore Oak Bay Neighbourhoods

Oak Bay is made up of several distinct sub-neighbourhoods, each with its own character, housing style, and lifestyle appeal. Whether you're drawn to waterfront living, estate privacy, family-friendly streets, or proximity to UVic, there's an Oak Bay neighbourhood for you:

• South Oak Bay — waterfront character homes near the Oak Bay Marina, Dallas Road seawall, and Windsor Park. Ideal for buyers seeking coastal prestige.
• Uplands — one of Victoria's most exclusive estate enclaves, featuring large private lots, grand heritage homes, and the beloved Uplands Park Garry oak ecosystem.
• Henderson — a family-favourite neighbourhood with excellent schools, mid-century character homes, and a strong community spirit in central Oak Bay.
• North Oak Bay — quiet residential streets bordering Gordon Head and close to UVic, offering some of the best value within the Oak Bay municipality.

Not sure which Oak Bay neighbourhood is right for you? Talk to Stephen Foster — Stephen can help you match your lifestyle and budget to the right Oak Bay micro-market.

Frequently Asked Questions About Oak Bay

Why is Oak Bay considered one of Victoria's most exclusive neighborhoods?

Oak Bay is renowned for its prestigious addresses, well-maintained estates, manicured gardens, and exclusive waterfront access. The municipality has strict building regulations that preserve the character and quality of properties. With an average home price of $3.4 million and properties reaching $52 million+, Oak Bay attracts Victoria's most discerning buyers. The neighborhood's reputation for exclusivity is well-deserved and consistently maintained.

What properties are available in Oak Bay?

Oak Bay offers a diverse range of luxury properties including grand Victorian estates, modern waterfront homes, beachfront mansions, and exclusive gated compounds. Properties range from $390,000 to $52.5 million+, with most quality homes priced between $2M and $6M. Current inventory includes 97+ active listings across single-family homes, luxury condos, and exclusive estates. Browse our featured Oak Bay listings for available properties.

Is Oak Bay family-friendly?

Absolutely. Oak Bay is one of Victoria's best family neighborhoods with excellent schools including Monterey Elementary, Glenlyon Norfolk, and strong secondary school options. The community features numerous parks (30+), playgrounds, and recreational facilities. Families enjoy the safe, walkable environment with close access to shopping, dining, and cultural activities. Many families choose Oak Bay specifically for its strong educational institutions and family atmosphere.

What golf courses are available?

Oak Bay is a golfer's dream with direct access to four exceptional golf courses: Oak Bay Recreation, Henderson Golf Course, Uplands Golf Club, and Victoria Golf Club. Several courses are private and exclusive, with membership available to homeowners. Public courses offer excellent rates and accessibility. Many Oak Bay residents enjoy golf as part of their lifestyle, and properties near courses are highly sought-after.

What are the beach and marina facilities?

Oak Bay features beautiful beaches including Gonzales Beach and numerous waterfront parks. The Oak Bay Marina provides boat storage and rental facilities. The Royal Victoria Yacht Club offers seasonal docking and moorings for boat owners. The Oak Bay Beach Hotel has seasonal docking facilities as well. Waterfront properties with private beach access command premium prices and are favorites among boating enthusiasts.

How walkable is Oak Bay?

Oak Bay is a relatively walkable neighborhood with excellent access to shopping on Oak Bay Avenue, dining, services, and parks. Properties near Oak Bay Avenue and the beaches are most walkable. More estate-style properties on larger lots offer private, secluded settings but require vehicles for shopping and dining. Most residents appreciate the balance between walkability and privacy that Oak Bay offers.

What shopping and dining options are nearby?

Oak Bay Avenue features excellent local shops, bakeries, coffee shops, and fine dining restaurants. The neighborhood is known for independent, high-end businesses rather than chain stores. Gonzales Avenue and other local streets offer additional shopping and dining options. Downtown Victoria is just a short drive away for expanded shopping and entertainment. Most Oak Bay residents appreciate the balance of local, independent businesses.

What are property taxes in Oak Bay?

Property taxes vary by assessed value. Typical estimates: homes at $1.5M pay $5,500-$6,500 annually; homes at $3M pay $10,000-$12,000+ annually; luxury estates at $6M+ pay $20,000+. Oak Bay properties have higher assessed values than some neighborhoods but also higher property values and potential appreciation. Stephen Foster can provide specific tax estimates for any property in Oak Bay.

How is the commute to downtown Victoria or the airport?

Oak Bay is approximately 15-20 minutes from downtown Victoria via Oak Bay Avenue, depending on traffic. The Victoria International Airport is about 20-25 minutes away. Most residents appreciate the balance of being close enough to urban amenities while maintaining suburban exclusivity. Public transit is available for those preferring not to drive.

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Parks

• Anderson Hill Park
• Bowker Creek Walkway
• Carnarvon Park Causton's
• Green Chinese cemetery (national historic site)
• Cochrane’s
• Common Entrance Park
• Fireman’s Park
• Gonzales Hill Regional Park
• Gonzales Observatory (CRD park)
• Haynes Park
• Henderson
• Kitty Islet
• Lafayette park
• Lokier Garden
• McMicking Park
• Monteith
• Allotment Gardens
• Native Plant Garden
• Oakdowne Park
• Queen’s Park
• Trafalgar Park
• Turkey Head Walkway
• Uplands Park
• Walbran Park
• Willows Park
• Windsor Park
• Mary Todd Island
• Quimper Park
• Nottingham Park

Marinas

• Oak Bay Marina
• Royal Victoria Yacht Club
• The Oak Bay Beach Hotel has some seasonal docking facilities

Golf Courses

• Oak Bay Recreation
• Henderson Golf Course
• Uplands Golf Club
• Victoria Golf Club

Oak Bay Waterfront Properties

Oak Bay is home to some of the most coveted waterfront real estate in British Columbia. Beach Drive — one of Canada's finest waterfront addresses — winds along the Strait of Juan de Fuca past architecturally significant estates, luxury oceanfront homes, and timeless character properties with sweeping water views. If waterfront living is your goal, Oak Bay should be your first conversation.

Browse all Victoria waterfront properties for sale — including oceanfront estates, harbourside homes, and waterside cottages across Greater Victoria.

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Stephen Foster | Real Estate Adviser

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