578 Island Rd, Oak Bay
Elkington Close · Single Family Residence · MLS® 1034067 · Listed Apr 30, 2026
Offered for the first time in over 30 years, this exceptional South Oak Bay residence is gracefully positioned on a quiet private cul-de-sac beside Anderson Hill Park. A timeless floorplan offers elegant formal living & dining rooms, a spacious open-concept kitchen & family room ideal for both everyday living & refined entertaining, & a sought-after main-floor primary bedroom. The upper level features three more bedrooms, including one with ensuite, a bonus room perfect for a media lounge or gamesroom. The basement provides excellent flexibility with plumbing in place for a future bathroom offering outstanding potential for a private guest suite. Set on a private, maturely landscaped lot with dbl car garage, this home is moments from Victoria Golf Club, Oak Bay Marina, waterfront walks, The Ave, boutique shopping, cafés, top schools including GNS, Monterey & Oak Bay. A rare opportunity to secure a distinguished family home in one of Victoria’s most prestigious coastal neighbourhoods.
| Property Type | Single Family Residence |
| Bedrooms | 4 |
| Bathrooms | 4 |
| Interior | 3,509 sqft |
| Lot Size | 9,258 sqft (0.21 acres) |
| Lot Features | Cul-De-Sac, Private |
| Parking | 6 spaces (2 garage) |
| Year Built | 1996 |
| Fireplaces | 1 |
| Heating | Baseboard, Electric |
| Basement | Full, Unfinished, Walk-Out Access |
| Exterior | Stucco |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter |
| Flooring | Carpet, Wood |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $11,747.1 (2025) |
| Strata Fee | $14/mo |
| Pets | Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK |
| Building Stories | 2 |
| Parking Type | Attached, Garage Double |
| Extras | Dishwasher, Dryer, Refrigerator, Washer |
| MLS® # | 1034067 |
| Brokerage | Newport Realty Ltd. |
Similar properties sold within 6 months
Oak Bay condo averages, updated daily. See Oak Bay market stats or full dashboard.
It has an accepted offer and the sale is pending; the asking price was $2,299,999.
A Single Family Residence in Elkington Close, Oak Bay with 4 bedrooms, 4 bathrooms, 3,509 sqft, built in 1996.
It has 4 parking spaces.
The lot is 9,258 sqft (0.21 acres).
Oak Bay is currently a balanced market: median sold price $772,000, 4.3 months of inventory, homes typically selling in about 92 days.
There are 17 condos for sale in Oak Bay right now. Browse all Oak Bay condos for sale to see current listings, updated daily from the MLS® system.
The median condo sold price in Oak Bay is $772,000, based on 40 sales over the past 12 months. The median price per square foot is $811. Compare asking prices across the condos currently for sale in 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.
