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2655 Shady Lane, Oak Bay
North Oak Bay · Single Family Residence · MLS® 1048970 · Listed Sep 21, 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) |
| Laundry | In House |
| Extras | Dishwasher, Dryer, Microwave, Oven Built-In, Refrigerator, Washer |
| MLS® # | 1048970 |
| Brokerage | Sotheby's International Realty Canada |
For sale now at $3,499,000.
No registered sales on file yet.
Sources: MLS® (current listing and 8X deals), BC Assessment / Land Title, used under licence; recorded sales from REALTOR.ca. Days on market are per listing. Terms of Use.
Similar properties sold within 6 months
23 sales in North 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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23 sales in North 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.
free account · one email · no obligation · already a member? log in
North Oak Bay single-family averages, updated daily. See North Oak Bay market stats or Oak Bay market stats.
It is listed at $3,499,000.
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 (Driveway, Garage Double).
The lot is 11,872 sqft (0.27 acres).
Oak Bay is currently a seller's market: median sold price $1,495,000, 1.1 months of inventory, homes typically selling in about 26 days.
There are 3 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 $1,495,000, based on 23 sales over the past 12 months. The median price per square foot is $686. Compare asking prices across the houses currently for sale in North 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: Nov 8, 2026.
