1047 Falkland Rd, Oak Bay
South Oak Bay · Single Family Residence · MLS® 1024138 · Listed Feb 4, 2026
Located on highly sought-after Falkland Road in the heart of South Oak Bay, this exceptional new residence offers timeless architecture and impeccable craftsmanship by White Wolf Homes with design by Backline Home Design. Thoughtfully created for discerning downsizers, the home features effortless main-floor living with a luxurious primary suite on the main level. Offering 3 beds / 3 baths plus a separate 1-bedroom caretaker or guest suite above the garage, the layout provides ideal flexibility for extended family, guests, or private staff. Superior finishes and a refined yet welcoming aesthetic set a new benchmark for design and livability. Nestled on a quiet, tree-lined street close to beaches, parks, schools, and Oak Bay Village, this is a rare opportunity to secure a newly built luxury home in one of Victoria’s most coveted neighbourhoods.
| Property Type | Single Family Residence |
| Bedrooms | 4 |
| Bathrooms | 4 |
| Interior | 2,288 sqft |
| Lot Size | 3,548.86 sqft (0.08 acres) |
| Parking | 4 spaces (1 garage) |
| Year Built | 2025 |
| Fireplaces | 1 |
| Heating | Heat Pump, Radiant Floor |
| Basement | Crawl Space |
| Exterior | Cement Fibre |
| Roof | Metal |
| Foundation | Concrete Perimeter, Other |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $1 (2025) |
| Extras | Built-In Range, Dishwasher, Dryer, Freezer, Microwave, Oven Built-In, Oven/Range Electric, Oven/Range Gas, Range Hood, Refrigerator, Washer |
| MLS® # | 1024138 |
| Brokerage | RE/MAX Camosun |
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.
1047 Falkland Rd, Oak Bay sold on April 17, 2026, after 72 days on the market.
It sold for $2,520,000 (listed at $2,495,000). Source: BC Assessment (registered sale).
It was on the market for 72 days, from February 4, 2026 to April 17, 2026.
A Single Family Residence in South Oak Bay, Oak Bay with 4 bedrooms, 4 bathrooms, 2,288 sqft, built in 2025.
It has 3 parking spaces.
The lot is 3,548.86 sqft (0.08 acres).
1047 Falkland Rd, Oak Bay sold for $2,520,000, 57.4% above its BC-assessed value of $1,601,000 (assessed July 1, 2025) — a sale-to-assessment ratio of 157%. 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.
