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Buyer Tips

Oak Bay Home Prices by Neighbourhood - Uplands to Gonzales - Live Data (2026)

Dustin Miller
Mar 18, 2026
HomeBlogBuyer TipsOak Bay Home Prices by Neighbourhood - Uplands to Gonzales - Live Data (2026)

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.

Top Neighbourhoods in Oak Bay

Uplands

Median Price: $3,000,000
Typical Size: 3,918 sq ft
Price Range: $1.65M - $6.97M
Character: Most prestigious

Estevan

Median Price: $1,966,000
Typical Size: 2,764 sq ft
Price Range: $1.20M - $6.45M
Character: Village charm, shops

South Oak Bay

Median Price: $1,900,000
Typical Size: 2,552 sq ft
Price Range: $912K - $4.50M
Character: Beach proximity

Gonzales

Median Price: $2,287,000
Typical Size: 2,479 sq ft
Price Range: $1.20M - $3.90M
Character: Ocean views, beach
DISTRICT OF OAK BAY

What to expect living in Oak Bay

The Neighbours

The Neighbours

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.

What you'll love

What you'll love

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.

Lifestyle

Lifestyle

When your close-knit community and the historic neighbourhood has everything you could possibly want, do you really need to leave?

Property Types

Property Types

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.

Market Analysis

Why Buy in Oak Bay?

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.

275
2025 YTD Sales
#1
Prestige Address
$1.80M
Median Home Price
26 days
Median DOM
🏛️

Heritage Estate Living

Turn-of-the-century Arts & Crafts and Faux Tudor homes on expansive lots. Tree-lined streets, mature gardens, and architectural preservation create a timeless, established aesthetic.

🏖️

Willows Beach & Waterfront

White sand beaches, oceanfront trails, and proximity to sailing clubs. Gonzales Bay, Cattle Point, and Beach Drive offer daily coastal access unmatched in Greater Victoria.

🏘️

Village Character

Oak Bay Village and Estevan Village offer boutique shopping, cafes, and restaurants. Walkable, close-knit neighbourhoods with independent businesses create a distinct community feel.

🎓

Top Schools

Oak Bay High, Glenlyon Norfolk private school, and highly-ranked elementary schools. Families prioritise Oak Bay for education quality, resulting in strong demand and stable property values.

⛳

Golf & Recreation

Victoria Golf Club (est. 1893), Oak Bay Recreation Centre, parks, and tennis clubs. Active lifestyle with upscale amenities and community programming.

🔒

Limited Supply

Heritage conservation and large lot zoning restrict new development. Oak Bay maintains neighbourhood character through planning policies, supporting long-term value appreciation.

Budget Comparison

What $1 Million Buys You in Greater Victoria

Median square footage for single-family homes sold between $950,000 – $1,050,000

Source: Victoria Real Estate Board MLS®, Last 12 months (2025)

Prestige Address

Oak Bay

1,389
square feet
Typical home3 bed / 1 bath
Median lot6,000 sq ft
Median age89 yrs (1936)
RealityLand value, teardown

Victoria / Vic West

1,779
square feet
Typical home3 bed / 2 bath
Median lot5,242 sq ft
Median age75 yrs (1950)

Saanich East

1,926
square feet
Typical home4 bed / 2 bath
Median lot7,560 sq ft
Median age61 yrs (1964)

Langford

2,133
square feet
Typical home5 bed / 3 bath
Median lot5,554 sq ft
Median age15 yrs (2010)

Why This Matters

For $1 million in Oak Bay, you're buying land value, not livable house — expect teardowns or major renovations (1,389 sq ft, 1 bath). Compare to Langford's 2,133 sq ft move-in ready at the same price. But Oak Bay buyers prioritise 6,000 sq ft lots in Canada's most prestigious address, 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 →
Real Market Data

What Can You Buy in Oak Bay?

Based on 275 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 36 condo, 8 townhouse, and 231 single-family sales | January 2025 – January 2026

CONDOS / APARTMENTS

36 sales
$697,500
Size1,193 sq ft
$/sq ft$585
Config2 bed / 2 bath
Year Built2003 (median)
DOM20 days

TOWNHOUSES

8 sales
$1,210,000
Size1,681 sq ft
$/sq ft$720
Config2-3 bed / 2-3 bath
Year Built2007 (median)
DOM22 days

SINGLE-FAMILY DETACHED

231 sales
$1,795,000
Size2,613 sq ft
$/sq ft$687
Config4 bed / 3 bath
Year Built1951 (median)
DOM26 days

Single-Family Detached Homes

Median: $1,795,000 @ $687/sq ft · 2,613 sq ft · 231 recent sales
Price RangeVolumeSize$/Sq FtTypical Config
Under $1.2M24 (10.4%)1,496 sq ft$6913 bed / 2 bath · Entry-level
$1.2M–$1.5M44 (19.0%)2,208 sq ft$6193 bed / 2 bath · Henderson
$1.5M–$2M75 (32.5%)2,380 sq ft$7234 bed / 3 bath · South Oak Bay
$2M–$2.5M31 (13.4%)2,868 sq ft$7854 bed / 4 bath · Estevan
Over $2.5M57 (24.7%)3,665 sq ft$8664 bed / 4 bath · Uplands

Recent Single-Family Sales

$810,000
Size1,015 sq ft ($798/sf)
Config4 bed / 2 bath
Built1945
AreaHenderson
DOM34 days
$1,500,000
Size2,707 sq ft ($554/sf)
Config5 bed / 3 bath
Built1950
AreaHenderson
DOM22 days
$2,500,000
Size2,856 sq ft ($875/sf)
Config4 bed / 3 bath
Built1937
AreaSouth Oak Bay
DOM40 days

Condos & Apartments

Median: $697,500 @ $585/sq ft · 1,193 sq ft · 36 recent sales
Price RangeVolumeSize$/Sq FtTypical Config
Under $500K6 (16.7%)746 sq ft$5831 bed / 1 bath · Oak Bay Ave
$500K–$700K12 (33.3%)1,059 sq ft$6142 bed / 2 bath · Modern
$700K–$900K10 (27.8%)1,262 sq ft$6022 bed / 2 bath · Near village
$900K–$1.2M4 (11.1%)1,216 sq ft$7812 bed / 2 bath · Views
Over $1.2M4 (11.1%)1,586 sq ft$9302 bed / 2 bath · Beach Drive

Recent Condo Sales

$375,000
Size608 sq ft ($617/sf)
Config1 bed / 1 bath
Built1970
AreaSouth Oak Bay
Strata~$377/mo
DOM10 days
$705,000
Size1,063 sq ft ($663/sf)
Config2 bed / 2 bath
Built1972
AreaSouth Oak Bay
Strata~$563/mo
DOM24 days
$1,352,000
Size1,522 sq ft ($889/sf)
Config2 bed / 2 bath
Built1972
AreaSouth Oak Bay
Strata~$813/mo
DOM18 days

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About Author
Dustin Miller

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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