318 Newport Ave, Oak Bay
South Oak Bay · Single Family Residence · MLS® 1040157 · Listed Jun 11, 2026
Set on one of South Oak Bay’s most coveted streets, this beautifully maintained residence offers over 3,200 sq ft of living space and timeless architectural appeal. Rich in character, the home features soaring ceilings, graceful archways, leaded glass accents, detailed woodwork, and hardwood floors throughout. The main level is designed for both everyday living and entertaining, offering gracious living and dining rooms, a spacious kitchen w/eating area, family room, office, and seamless access to multiple patios and beautifully landscaped gardens. Upstairs, the primary retreat enjoys views toward Victoria Golf Club and the ocean, complete w/a sitting area, walk-in closet, and ensuite. Two additional bedrooms, a full bathroom, and a dedicated laundry complete the upper level. An unfinished lower level provides excellent storage space. Perfectly positioned moments from Victoria Golf Club, Oak Bay Village, parks, beaches, and the waterfront.
| Property Type | Single Family Residence |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Interior | 3,226 sqft |
| Lot Size | 14,626 sqft (0.33 acres) |
| Lot Features | Corner Lot, Easy Access, Family-Oriented Neighbourhood, Landscaped, Level, Marina Nearby, Near Golf Course, Private, Quiet Area, Recreation Nearby, Shopping Nearby, Sidewalk, Southern Exposure |
| Parking | 4 spaces (2 garage) |
| Year Built | 1912 |
| Fireplaces | 3 |
| Heating | Baseboard, Electric, Natural Gas |
| Basement | Crawl Space, Not Full Height, Unfinished, Walk-Out Access, With Windows |
| Exterior | Stone, Stucco |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter, Stone |
| Flooring | Carpet, Tile, Wood |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $18,529.91 (2025) |
| Extras | Built-In Range, Dishwasher, Dryer, Microwave, Oven Built-In, Refrigerator, Washer |
| MLS® # | 1040157 |
| Brokerage | The Agency |
181 homes sold in South Oak Bay in the last 12 months, with prices and dates. Board rules keep past sale prices and dates behind a sign-in.
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181 homes sold in South Oak Bay in the last 12 months, with prices and dates. Board rules keep past sale prices and dates behind a sign-in.
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Similar properties sold within 6 months
181 sales in South Oak Bay in the last 12 months — sold prices, dates and days on market for the closest recent sales. Free with an 8X account; board rules require the sign-in.
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181 sales in South Oak Bay in the last 12 months — sold prices, dates and days on market for the closest recent sales. Free with an 8X account; board rules require the sign-in.
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South Oak Bay single-family averages, updated daily. See South Oak Bay market stats or Oak Bay market stats.
It is listed at $4,249,000.
A Single Family Residence in South Oak Bay, Oak Bay with 3 bedrooms, 3 bathrooms, 3,226 sqft, built in 1912.
It has 2 parking spaces (Detached, Garage Double).
The lot is 14,626 sqft (0.33 acres).
318 Newport Ave, Oak Bay was originally listed at $4,850,000, then reduced to $4,249,000 (12.4% reduction).
Oak Bay is currently a seller's market: median sold price $1,885,000, 3.7 months of inventory, homes typically selling in about 40 days.
There are 32 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 $1,885,000, based on 181 sales over the past 12 months. The median price per square foot is $818. Compare asking prices across the houses currently for sale in South Oak Bay.
NOTE: MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Sep 22, 2026.
