535 Falkland Rd, Oak Bay
South Oak Bay · Single Family Residence · MLS® 1033241 · Listed Apr 23, 2026
Tucked away on one of the most desirable streets in South Oak Bay, this beautifully updated residence offers nearly 3,000 sq ft of flexible living space on a private, sun-filled lot. The main level features bright living and dining areas that open seamlessly to expansive patios and established gardens, an updated kitchen designed for both everyday living and entertaining, and a primary bedroom on the main floor, complemented by a second bedroom and office/den. The lower level adds exceptional versatility with a spacious family or media room, an additional bedroom with ensuite, a large laundry area, ample storage, and a garage/gym space. Extensive upgrades throughout make this home truly move-in ready. Just steps to McNeill Bay, Lafayette Park, Margaret Jenkins Elementary, Monterey Middle School, and local cafés — a rare offering in a peaceful, family-friendly setting.
| Property Type | Single Family Residence |
| Bedrooms | 4 |
| Bathrooms | 4 |
| Interior | 2,922 sqft |
| Lot Size | 7,210 sqft (0.16 acres) |
| Lot Features | Corner Lot, Cul-De-Sac, Easy Access, Family-Oriented Neighbourhood, Level, Private, Quiet Area, Rectangular Lot |
| Parking | 4 spaces (1 garage) |
| Year Built | 1941 |
| Fireplaces | 1 |
| Heating | Baseboard, Electric, Forced Air, Natural Gas, Radiant Floor |
| Basement | Finished, With Windows |
| Exterior | Frame Wood, Stucco |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter |
| Flooring | Carpet, Hardwood, Laminate, Tile |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $8,148.84 (2025) |
| Extras | Dishwasher, Dryer, Hot Tub, Microwave, Oven/Range Electric, Refrigerator, Washer |
| MLS® # | 1033241 |
| Brokerage | The Agency |
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.
535 Falkland Rd, Oak Bay sold on May 8, 2026, after 15 days on the market.
It sold for $2,050,000 (listed at $2,095,000). Source: BC Assessment (registered sale).
It was on the market for 15 days, from April 23, 2026 to May 8, 2026.
A Single Family Residence in South Oak Bay, Oak Bay with 4 bedrooms, 4 bathrooms, 2,922 sqft, built in 1941.
It has 3 parking spaces.
The lot is 7,210 sqft (0.16 acres).
535 Falkland Rd, Oak Bay sold for $2,050,000, 26.7% above its BC-assessed value of $1,618,000 (assessed July 1, 2025) — a sale-to-assessment ratio of 127%. 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 17, 2026.
