261 King George Terr, Oak Bay
Gonzales · Single Family Residence · MLS® 1030570 · Listed Apr 8, 2026
NEW PRICE $5,745,000 Experience timeless elegance at 261 King George Terrace, a remarkable south-facing waterfront estate in Oak Bay's prestigious Gonzales neighbourhood. Built in 1933 and set on over 0.8 acres, this exquisite home boasts panoramic views of the ocean, Trial Islands, and Olympic Mountains from nearly every room. Watch whales from your beautifully landscaped backyard, framed by incredible natural rockwork. Inside, the home offers the flexibility of one-level living on the main floor featuring a spacious kitchen, formal dining and living room, principal suite, and more—making everyday living exceptionally convenient. Downstairs, a full-height walk-out basement expands your options with additional living space that opens into pristine grounds. Dual driveways each lead to their own detached double garage. With its historic charm, thoughtful layout, and spectacular setting, this is a rare opportunity to own one of Victoria’s most iconic seaside estates.
| Property Type | Single Family Residence |
| Bedrooms | 5 |
| Bathrooms | 5 |
| Interior | 6,061 sqft |
| Lot Size | 36,590 sqft (0.84 acres) |
| Lot Features | Easy Access, Family-Oriented Neighbourhood, Level, Marina Nearby, Near Golf Course, Quiet Area, Rectangular Lot, Shopping Nearby, Southern Exposure |
| Parking | 12 spaces (4 garage) |
| Year Built | 1933 |
| Fireplaces | 2 |
| Heating | Hot Water, Natural Gas |
| Basement | Finished, Full, Walk-Out Access, With Windows |
| Exterior | Concrete, Stone |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter |
| Flooring | Carpet, Hardwood, Linoleum, Tile |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $33,870.02 (2025) |
| Extras | Built-In Range, Dishwasher, Dryer, F/S/W/D, Freezer, Microwave, Oven Built-In, Range Hood, Refrigerator, Washer |
| MLS® # | 1030570 |
| Brokerage | The Agency |
Similar properties sold within 6 months
Gonzales single-family averages, updated daily. See Gonzales market stats or Oak Bay market stats.
It is listed at $5,745,000.
A Single Family Residence in Gonzales, Oak Bay with 5 bedrooms, 5 bathrooms, 6,061 sqft, built in 1933.
It has 8 parking spaces.
The lot is 36,590 sqft (0.84 acres).
261 King George Terr, Oak Bay was originally listed at $5,995,000, then reduced to $5,745,000 (4.2% reduction).
Oak Bay is currently a buyer's market: median sold price $2,375,000, 13 months of inventory, homes typically selling in about 54 days.
There are 13 houses for sale in Gonzales right now. Browse all Gonzales houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in Gonzales is $2,375,000, based on 18 sales over the past 12 months. The median price per square foot is $840. Compare asking prices across the houses currently for sale in Gonzales.
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.
