535 Island Rd, Oak Bay
South Oak Bay · Single Family Residence · MLS® 1047061 · Listed Aug 26, 2026
Welcome to 535 Island Road-one of the most private and revered garden estates in all of South Oak Bay. Lovingly owned and tended by the late Lord and Lady Chatfield, this 0.49 acre property personifies the true meaning of a legendary garden with historical significance. Sweeping lawns are embraced by a magnificent variety of mature trees and extraordinary gardens cultivated over generations of thought and care, positioned in a most private and sought after neighbourhood near to the ocean and the world famous Victoria Golf Course. Set amongst the gardens is an honest, handsome 1931 character residence that awaits thoughtful rejuvenation. The spectacular setting has quietly intrigued many and hosted a number of prominent gatherings over the years. Opportunities to extend the provenance of such a renowned estate are so few and far between as to only exist once in a lifetime.
| Property Type | Single Family Residence |
| Bedrooms | 4 |
| Bathrooms | 3 |
| Interior | 2,850 sqft |
| Lot Size | 21,156 sqft (0.49 acres) |
| Lot Features | Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Landscaped, Level, Marina Nearby, Near Golf Course, Park Setting, Private |
| Parking | 4 spaces (1 garage) |
| Year Built | 1926 |
| Fireplaces | 1 |
| Heating | Baseboard, Electric, Hot Water, Oil |
| Basement | Partial, Partially Finished, Walk-Out Access |
| Exterior | Concrete, Frame Wood, Stucco |
| Roof | Fibreglass Shingle |
| Foundation | Concrete Perimeter |
| Flooring | Carpet, Hardwood, Linoleum |
| Water | Regional/Improvement District |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $12,501 (2026) |
| Extras | Dryer, Oven/Range Electric, Refrigerator, Washer |
| MLS® # | 1047061 |
| Brokerage | Newport Realty 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.
It is listed at $2,600,000.
A Single Family Residence in South Oak Bay, Oak Bay with 4 bedrooms, 3 bathrooms, 2,850 sqft, built in 1926.
It has 3 parking spaces.
The lot is 21,156 sqft (0.49 acres).
Oak Bay is currently a seller's market: median sold price $1,900,000, 2.6 months of inventory, homes typically selling in about 40 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 $1,900,000, based on 183 sales over the past 12 months. The median price per square foot is $821. 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 27, 2026.
