2655 Shady Lane, Oak Bay
North Oak Bay · Single Family Residence · MLS® 1029029 · Listed Mar 19, 2026
Discerning Character. Substantially reimagined, this stately 5 bedroom, 1921 residence is nestled on a sunny 12,000 sq ft lot on a private lane off prestigious Beach Dr. With more than $800K in upgrades this tranquil oasis offers a fully updated & efficient 4,500 sq ft. home situated behind custom automated gates. Substantial work includes a chefs kitchen by Urbana with huge island & an array of high-end appliances, new sunroom off the living room, new decks, new primary retreat, gas to the house for more efficient heating with 3 new gas fireplaces & boiler system for hydronic underfloor heat. New concertina doors open from the dining room to a refinished west-facing patio. The gardens are meticulously maintained with gorgeous details including multiple crevice gardens & ample opportunity for outdoor entertaining, including a new slate patio. Detached double garage. Centrally located in Oak Bay near to Oak Bay Marina, GNS Junior School & a short stroll to the Village.
| Property Type | Single Family Residence |
| Bedrooms | 5 |
| Bathrooms | 5 |
| Interior | 4,529 sqft |
| Lot Size | 11,872 sqft (0.27 acres) |
| Lot Features | Cul-De-Sac, Irregular Lot, Level, Marina Nearby, Near Golf Course, No Through Road, Private, Quiet Area, Recreation Nearby |
| Parking | 10 spaces (2 garage) |
| Year Built | 1921 |
| Fireplaces | 3 |
| Heating | Electric, Hot Water, Radiant Floor |
| Basement | Finished, Walk-Out Access, With Windows |
| Exterior | Frame Wood, Insulation: Walls, Wood |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter |
| Flooring | Tile, Wood |
| Water | Municipal |
| Sewer | Sewer To Lot |
| Zoning | Residential |
| Taxes | $15,162.77 (2026) |
| Extras | Dishwasher, Dryer, Microwave, Oven Built-In, Refrigerator, Washer |
| MLS® # | 1029029 |
| Brokerage | Sotheby's International Realty Canada |
Similar properties sold within 6 months
North Oak Bay single-family averages, updated daily. See North Oak Bay market stats or Oak Bay market stats.
It is listed at $3,599,000.
A Single Family Residence in North Oak Bay, Oak Bay with 5 bedrooms, 5 bathrooms, 4,529 sqft, built in 1921.
It has 8 parking spaces.
The lot is 11,872 sqft (0.27 acres).
Oak Bay is currently a seller's market: median sold price $1,500,000, 2.3 months of inventory, homes typically selling in about 30 days.
There are 6 houses for sale in North Oak Bay right now. Browse all North Oak Bay houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in North Oak Bay is $1,500,000, based on 50 sales over the past 12 months. The median price per square foot is $690. Compare asking prices across the houses currently for sale in North 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 8, 2026.
