3475 Upper Terrace Rd, Oak Bay
Uplands · Single Family Residence · MLS® 1028287 · Listed Mar 12, 2026
Set on a private 1.084-acre lot along a tree-lined street in Uplands, this 1914 Tudor home offers a rare blend of historic charm and refined modern living. Substantially renovated with the finest materials while carefully preserving its original heritage character, classic architectural elements are complemented by sophisticated updates, creating a warm and inviting residence designed for both everyday living and entertaining. The landscaped gardens provide a tranquil retreat, complete with a tennis court, greenhouse, detached double garage, and a self-contained lower suite ideal for in-laws or visiting friends. From the property, enjoy panoramic water views, enhancing the home’s extraordinary setting. The property also presents future development potential to subdivide into three lots: 2 stratified lots + SFD lot. A truly special offering that combines heritage beauty, exceptional privacy, spectacular views & outstanding potential in Victoria's most coveted neighborhood.
| Property Type | Single Family Residence |
| Bedrooms | 6 |
| Bathrooms | 7 |
| Interior | 5,878 sqft |
| Lot Size | 47,219.04 sqft (1.08 acres) |
| Lot Features | Acreage, Easy Access, Landscaped, Marina Nearby, Near Golf Course, Private, Quiet Area, Recreation Nearby, Rectangular Lot, Shopping Nearby, Southern Exposure |
| Parking | 7 spaces (2 garage) |
| Year Built | 1914 |
| Fireplaces | 6 |
| Heating | Baseboard, Electric, Hot Water, Radiant Floor |
| Basement | Finished, Not Full Height, Walk-Out Access, With Windows |
| Exterior | Concrete, Frame Wood, Stucco |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter |
| Flooring | Carpet, Hardwood, Other |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $38,496.1 (2025) |
| Extras | Built-In Range, Dishwasher, Dryer, Freezer, Microwave, Oven/Range Electric, Range Hood, Refrigerator, Washer |
| MLS® # | 1028287 |
| Brokerage | The Agency |
Similar properties sold within 6 months
Uplands single-family averages, updated daily. See Uplands market stats or Oak Bay market stats.
It is listed at $6,995,000.
A Single Family Residence in Uplands, Oak Bay with 6 bedrooms, 7 bathrooms, 5,878 sqft, built in 1914.
It has 5 parking spaces.
The lot is 47,219.04 sqft (1.08 acres).
3475 Upper Terrace Rd, Oak Bay was originally listed at $7,249,000, then reduced to $6,995,000 (3.5% reduction).
Oak Bay is currently a balanced market: median sold price $2,825,000, 5 months of inventory, homes typically selling in about 56 days.
There are 10 houses for sale in Uplands right now. Browse all Uplands houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in Uplands is $2,825,000, based on 45 sales over the past 12 months. The median price per square foot is $809. Compare asking prices across the houses currently for sale in Uplands.
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 7, 2026.
