1020 Falkland Rd, Oak Bay
South Oak Bay · Single Family Residence · MLS® 1026394 · Listed Feb 23, 2026
Absolutely charming 1940 character home set on a peaceful street in South Oak Bay. This residence showcases all the classic details you’d anticipate from its era, including stunning oak & fir floors spanning the main level & elegant coved ceilings. The kitchen has been fully renovated while preserving timeless appeal. Enjoy a spacious living room with feature fireplace, a formal dining room open to the kitchen &, rare for its time, a delightful family room accessible from both the living & dining spaces. Two nicely appointed bedrooms thoughtfully positioned on either side of a bathroom featuring updated tub & shower. The lower level offers excellent potential awaiting your creative vision for future development. The west-facing backyard includes a BBQ deck, expansive patio with arbor, plenty of space for kids, pets, or gardening enthusiasts. Notable improvements include roof, insulation, windows, furnace, perimeter drains, + sewer & water connections. Truly a lovely home.
| Property Type | Single Family Residence |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Interior | 1,231 sqft |
| Lot Size | 7,150 sqft (0.16 acres) |
| Lot Features | Landscaped, Level |
| Parking | 3 spaces (1 garage) |
| Year Built | 1940 |
| Fireplaces | 1 |
| Heating | Forced Air, Oil |
| Basement | Full, Unfinished |
| Exterior | Stucco |
| Roof | Fibreglass Shingle |
| Foundation | Concrete Perimeter |
| Flooring | Hardwood, Softwood |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $7,773 (2025) |
| MLS® # | 1026394 |
| Brokerage | DFH Real Estate Ltd. |
Similar properties sold within 6 months
South Oak Bay single-family averages, updated daily. See South Oak Bay market stats or Oak Bay market stats.
1020 Falkland Rd, Oak Bay sold on March 13, 2026, after 18 days on the market.
It sold for $1,400,000 (listed at $1,498,000). Source: BC Assessment (registered sale).
It was on the market for 18 days, from February 23, 2026 to March 13, 2026.
A Single Family Residence in South Oak Bay, Oak Bay with 2 bedrooms, 1 bathrooms, 1,231 sqft, built in 1940.
It has 2 parking spaces.
The lot is 7,150 sqft (0.16 acres).
1020 Falkland Rd, Oak Bay sold for $1,400,000, 7.0% below its BC-assessed value of $1,506,000 (assessed July 1, 2025) — a sale-to-assessment ratio of 93%. Source: BC Assessment.
Oak Bay is currently a seller's market: median sold price $1,892,500, 2.6 months of inventory, homes typically selling in about 41 days.
There are 25 houses for sale in South Oak Bay right now. Browse all South Oak Bay houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in South Oak Bay is $1,892,500, based on 178 sales over the past 12 months. The median price per square foot is $824. Compare asking prices across the houses currently for sale in South Oak Bay.
MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Aug 16, 2026.
