406 Beach Dr, Oak Bay
South Oak Bay · Single Family Residence · MLS® 1030681 · Listed Apr 1, 2026
Set in the heart of South Oak Bay, this exceptional 7,893 sq.ft. southwest-facing corner lot offers unobstructed views over McNeill Bay and toward the Olympic Mountains. With 87 ft. of frontage on Beach Drive and 85 ft. on St. Patrick’s Street, the property presents a rare and highly desirable building opportunity. The existing 1,423 sq.ft. three-bedroom, one-bath rancher provides holding income, though the true value lies in the land and its premier location. Whether you envision a custom dream home or are a developer exploring multi-unit potential (buyer to verify with the District of Oak Bay), this is a remarkable opportunity. Just steps to Oak Bay Village, Victoria Golf Club, and Oak Bay Beach Hotel. Offered at $2.1M.
| Property Type | Single Family Residence |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Interior | 1,423 sqft |
| Lot Size | 7,893 sqft (0.18 acres) |
| Parking | 3 spaces (1 garage) |
| Year Built | 1952 |
| Fireplaces | 1 |
| Heating | Forced Air |
| Basement | Crawl Space |
| Exterior | Frame Wood |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter |
| Water | Municipal |
| Sewer | Sewer To Lot |
| Zoning | Residential |
| Taxes | $9,928.73 (2025) |
| MLS® # | 1030681 |
| Brokerage | Sotheby's International Realty Canada |
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.
It has an accepted offer and the sale is pending; the asking price was $1,950,000.
A Single Family Residence in South Oak Bay, Oak Bay with 3 bedrooms, 1 bathrooms, 1,423 sqft, built in 1952.
It has 2 parking spaces.
The lot is 7,893 sqft (0.18 acres).
406 Beach Dr, Oak Bay was originally listed at $2,100,000, then reduced to $1,950,000 (7.1% reduction).
Oak Bay is currently a seller's market: median sold price $1,892,500, 2.4 months of inventory, homes typically selling in about 40 days.
There are 23 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 $1,892,500, based on 176 sales over the past 12 months. The median price per square foot is $822. 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 7, 2026.
