2631 Margate Ave, Oak Bay
South Oak Bay · Single Family Residence · MLS® 1041199 · Listed Jun 23, 2026
Set on a tranquil, tree-lined avenue in one of South Oak Bay’s most coveted neighborhoods, this exceptional award-winning custom home, built in 2020, blends timeless elegance with contemporary comfort. The thoughtful design, open-concept layout & abundance of natural light create a warm & welcoming atmosphere, enhanced by 9-foot ceilings throughout. The chef-inspired kitchen features quartz countertops, custom cabinetry & premium stainless-steel appliances, flowing seamlessly into the dining area & living room with a contemporary gas fireplace. French doors open to a south-facing patio & private rear garden creating an ideal setting for entertaining & relaxing. With the primary bedroom on the main floor, upstairs, are more 3 bedrooms including a 2nd primary bedroom with ensuite plus a bright skylit landing provides space for a home office, study or meditation area. Don't miss this remarkable home that is just a stroll to Oak Bay Beach Hotel, the Marina, Windsor Park & Oak Bay Village.
| Property Type | Single Family Residence |
| Bedrooms | 4 |
| Bathrooms | 4 |
| Interior | 2,836 sqft |
| Lot Size | 7,455 sqft (0.17 acres) |
| Lot Features | Level |
| Parking | 4 spaces (1 garage) |
| Year Built | 2020 |
| Fireplaces | 1 |
| Heating | Heat Pump, Radiant Floor |
| Basement | None |
| Exterior | Cement Fibre, Frame Wood, Insulation All, Insulation: Ceiling, Insulation: Walls |
| Roof | Fibreglass Shingle |
| Foundation | Concrete Perimeter |
| Flooring | Carpet, Hardwood, Tile |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $12,674 (2025) |
| Extras | Dishwasher, Dryer, Microwave, Oven/Range Gas, Range Hood, Refrigerator, Washer |
| MLS® # | 1041199 |
| Brokerage | Newport Realty Ltd. |
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 is listed at $2,795,000.
A Single Family Residence in South Oak Bay, Oak Bay with 4 bedrooms, 4 bathrooms, 2,836 sqft, built in 2020.
It has 3 parking spaces.
The lot is 7,455 sqft (0.17 acres).
2631 Margate Ave, Oak Bay was originally listed at $2,895,000, then reduced to $2,795,000 (3.5% 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.
