Rich in history and a quiet, close-knit community, Oak Bay is one of the oldest and most established communities in Western Canada. Executive estate homes blend stately, turn-of-the-century construction with West Coast modern remodels and rebuilds—all of which stand alongside wide, tree-lined streets.
Shopping villages feature high-end shops, exemplary cuisine, and incredible art, all while maintaining the quaint feel of British high street. These stunning homes and businesses are nestled on the eastern coastline of the southern tip of Vancouver Island, and despite being mere kilometres away from Victoria, are even closer in proximity to some of the best shorelines and white sand beaches in the region.
Oceanfront views grandly extend up the Juan de Fuca Strait, and residents enjoy the slower, luxurious pace of life the community affords.
Retired professionals, artists, and individuals with a preference for a quieter life surrounded by incredible beauty: of the homes, the neighbourhoods, and of course, the backdrop. They enjoy walks on the sandy beaches, tending to their meticulous gardens, and visiting the stores in the little shopping districts.
Driving under tree canopies and past historic and modern homes, as you revel in the choice between visiting a white sandy beach or a cozy café for a cup of tea.
When your close-knit community and the historic neighbourhood has everything you could possibly want, do you really need to leave?
Beautifully curated, historic lots are highlighted by turn-of-the-century houses in Arts & Crafts and Faux Tudor styles. Additionally, many of the older homes have been renovated or remodeled to reflect the West Coast modern style.
Western Canada's most established luxury municipality. Oak Bay combines old-world estate living with pristine beaches and village charm. Here's what the market data reveals.
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Create free accountBrowse Oak Bay homes for saleMedian square footage for single-family homes sold between $950,000 – $1,050,000
Source: Victoria Real Estate Board MLS®, Oct 2025 – Sep 2026
For $1 million in Oak Bay, you're buying land value, not livable house — only 4 Oak Bay houses sold between $950,000 and $1,050,000 in the past year, most needing major work. Compare to Langford's 2,071 sq ft move-in ready at the same price. But Oak Bay buyers prioritise 7,500 sq ft median lots in one of Canada's most prestigious addresses, proximity to Willows Beach, top schools, and heritage character. You're paying for location and future build potential.
From Uplands estates to Estevan Village character homes, Oak Bay is Greater Victoria's premier address for a reason.
Explore Live Oak Bay Market Data →Based on 269 recent transactions, here's what different budgets get you in Oak Bay. The data shows that Oak Bay commands a premium — but buyers receive heritage character, estate living, and Canada's most prestigious address.
Data based on 40 condo, 17 townhouse, and 212 single-family sales | October 2025 – September 2026
| Price Range | Volume | Size | $/Sq Ft | Typical Config |
|---|---|---|---|---|
| Under $1.2M | 14 (6.6%) | 1,630 sq ft | $621 | 2-3 bed / 1-2 bath · Entry-level |
| $1.2M–$1.5M | 45 (21.2%) | 2,136 sq ft | $621 | 2-3 bed / 2 bath · Henderson |
| $1.5M–$2M | 75 (35.4%) | 2,495 sq ft | $672 | 2-3 bed / 2-3 bath · South Oak Bay |
| $2M–$2.5M | 32 (15.1%) | 2,894 sq ft | $735 | 3-4 bed / 3-4 bath · Estevan |
| Over $2.5M | 46 (21.7%) | 3,659 sq ft | $864 | 3-4 bed / 3-5 bath · Uplands |
Browse houses for sale in Oak Bay →
| Price Range | Volume | Size | $/Sq Ft | Typical Config |
|---|---|---|---|---|
| Under $500K | 9 (22.5%) | — | — | — |
| $500K–$700K | 10 (25.0%) | 1,023 sq ft | $632 | 1-2 bed / 1-2 bath · Modern |
| $700K–$900K | 9 (22.5%) | — | — | — |
| $900K–$1.2M | 6 (15.0%) | — | — | — |
| Over $1.2M | 6 (15.0%) | — | — | — |
Browse condos for sale in Oak Bay →
Buying or selling in Oak Bay?
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Buy with 8XSell with 8XOak Bay market data, updated daily →Homes that sold without a public listing, from Land Title Office registrations reported by BC Assessment.
| Address | Home | Registered | Price |
|---|---|---|---|
| 1024 Transit Rd | House · South Oak Bay | Sep 18, 2026 | $700,000 |
| 2-2456 Todd Rd | Townhouse · North Oak Bay | Sep 1, 2026 | $1,500,000 |
| 788 Transit Rd | House · South Oak Bay | Aug 27, 2026 | $1,600,000 |
| 2980 Beach Dr | House with suite · Uplands | Aug 21, 2026 | $3,085,000 |
| 3250 Ripon Rd | House with suite · Uplands | Aug 18, 2026 | $2,120,000 |
Off-market sales: BC Assessment data used under licence.
Dustin Miller is the managing broker of 8X Real Estate. When he's not on the road, he is on his computer looking at real estate. You can often find Dustin at his office enjoying a bowl of won-ton soup.
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