945 Falkland Rd, Oak Bay
South Oak Bay · Single Family Residence · MLS® 1032337 · Listed Apr 16, 2026
Location, location! This charming bungalow is nestled on a quiet, sought-after street in South Oak Bay. The bright main floor offers an open-concept living and dining area, featuring a cozy fireplace and classic fir floors. Convenient one-level living includes a spacious primary bedroom, two additional bedrooms, and a full bath. The recently finished lower level provides excellent flexibility with a fourth bedroom or den, second bathroom, and a comfortable family room. Updates include new hot water tank, newer roof (2019), newer natural gas furnace (2017), & vinyl windows. Step outside to a generous rear deck, perfect for relaxing or entertaining, overlooking a fully fenced yard with mature fruit trees and sunny, south-facing garden beds—ideal for growing your own vegetables. Ideally located close to parks, amenities, and excellent public and private schools, this move-in-ready home offers the best of South Oak Bay living.
| Property Type | Single Family Residence |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Interior | 1,791 sqft |
| Lot Size | 5,831 sqft (0.13 acres) |
| Parking | 2 spaces (1 garage) |
| Year Built | 1948 |
| Fireplaces | 1 |
| Heating | Forced Air, Natural Gas |
| Basement | Full, Partially Finished, Walk-Out Access, With Windows |
| Exterior | Cement Fibre |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter |
| Water | Municipal |
| Sewer | Sewer To Lot |
| Zoning | Residential |
| Taxes | $7,726.73 (2025) |
| MLS® # | 1032337 |
| 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.
945 Falkland Rd, Oak Bay sold on June 3, 2026, after 48 days on the market.
It sold for $1,362,500 (listed at $1,395,000). Source: BC Assessment (registered sale).
It was on the market for 48 days, from April 16, 2026 to June 3, 2026.
A Single Family Residence in South Oak Bay, Oak Bay with 4 bedrooms, 2 bathrooms, 1,791 sqft, built in 1948.
It has 1 parking space.
The lot is 5,831 sqft (0.13 acres).
945 Falkland Rd, Oak Bay was originally listed at $1,450,000, then reduced to $1,395,000 (3.8% reduction), and sold for $1,362,500.
945 Falkland Rd, Oak Bay sold for $1,362,500, 11.6% below its BC-assessed value of $1,542,000 (assessed July 1, 2025) — a sale-to-assessment ratio of 88%. Source: BC Assessment.
Oak Bay is currently a seller's market: median sold price $1,900,000, 2.7 months of inventory, homes typically selling in about 40 days.
There are 26 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 181 sales over the past 12 months. The median price per square foot is $823. 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 24, 2026.
