1571 Monterey Ave, Oak Bay
North Oak Bay · Single Family Residence · MLS® 1028059 · Listed Mar 20, 2026
Blending classic charm with thoughtful updates, this inviting Oak Bay bungalow offers an exceptional lifestyle just steps from Oak Bay Village. Stroll to favourite restaurants, cozy cafés, grocery stores, beaches, and excellent schools—all within easy reach of your front door. Beautifully maintained, the home features two bedrooms and one bathroom on the main level, with an additional bedroom, bathroom, new washer and dryer, and storage space downstairs—ideal for guests, family, or those looking to downsize while keeping extra space. The updated kitchen opens into a newly built solarium, a bright and welcoming space to enjoy your morning coffee while overlooking the peaceful backyard. Important upgrades include new Hardie board siding and perimeter drains, adding both style and peace of mind. The yard has been thoughtfully reimagined as a native meadow garden designed to attract pollinators and create a colourful, eco-friendly outdoor retreat.
| Property Type | Single Family Residence |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Interior | 1,908 sqft |
| Lot Size | 6,000 sqft (0.14 acres) |
| Lot Features | Central Location, Family-Oriented Neighbourhood, Rectangular Lot, Shopping Nearby |
| Parking | 2 spaces (1 garage) |
| Year Built | 1936 |
| Fireplaces | 1 |
| Heating | Baseboard, Electric, Forced Air, Heat Recovery, Natural Gas |
| Basement | Finished |
| Exterior | Frame Wood, Wood |
| Roof | Fibreglass Shingle |
| Foundation | Concrete Perimeter |
| Water | Municipal |
| Sewer | Sewer To Lot |
| Zoning | Residential |
| Taxes | $6,985.45 (2025) |
| Extras | Dryer, F/S/W/D, Refrigerator, Washer |
| MLS® # | 1028059 |
| Brokerage | RE/MAX Camosun |
Similar properties sold within 6 months
North Oak Bay single-family averages, updated daily. See North Oak Bay market stats or Oak Bay market stats.
1571 Monterey Ave, Oak Bay sold on March 27, 2026, after 7 days on the market.
It sold for $1,510,000 (listed at $1,500,000). Source: BC Assessment (registered sale).
It was on the market for 7 days, from March 20, 2026 to March 27, 2026.
A Single Family Residence in North Oak Bay, Oak Bay with 3 bedrooms, 2 bathrooms, 1,908 sqft, built in 1936.
It has 1 parking space.
The lot is 6,000 sqft (0.14 acres).
1571 Monterey Ave, Oak Bay sold for $1,510,000, 11.9% above its BC-assessed value of $1,349,000 (assessed July 1, 2025) — a sale-to-assessment ratio of 112%. Source: BC Assessment.
Oak Bay is currently a seller's market: median sold price $1,500,000, 1.9 months of inventory, homes typically selling in about 29 days.
There are 5 houses for sale in North Oak Bay right now. Browse all North Oak Bay houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in North Oak Bay is $1,500,000, based on 50 sales over the past 12 months. The median price per square foot is $690. Compare asking prices across the houses currently for sale in North 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.
