HomeOak BaySouth Oak BaySouth Oak Bay Commercial for Sale
$1,949,800↓11.4%
was $2,199,800 · reduced $250,000

1161 Newport Ave, Oak Bay

1161 Newport Ave, Oak Bay

South Oak Bay · Office · MLS® 1051589 · Listed Oct 5, 2026

7,200 sqft
Lot
1911
Built
Overview

About This Property

Desirable South Oak Bay location, across the street from Windsor Park, and a block from the ocean. Rarely does a C-2 commercial opportunity like this come up for sale. Original character home built in 1911, is nicely updated and has 3 bedrooms. The commercial section at the front facing Newport Ave was built later with great visibility. Lower level of home has 1 bedroom suite. Total size is approximately 4300 sq/ft. Commercial space currently leased to one tenant and is approximately 3550 sq/ft. which includes the original home and the front Commercial office space. The lower level suite is not part of the lease, and is about 760 sq/ft. Large 7200 sq/ft lot. Nice updates throughout the commercial space and house. Great future potential for a work/live arrangement as house could be separated from commercial building at front, and it has it's own address and separate side entrance. Also a great future redevelopment property.

Property Details

Features & Details

Property TypeOffice
Lot Size7,200 sqft (0.16 acres)
Year Built1911
Taxes$21,790.2 (2026)
MLS® #1051589
BrokerageRE/MAX Camosun
Location

Map

Neighbourhood

Neighbourhood Scores

Public record · MLS® record

Property History

For sale now at $1,949,800.

Price reducedMLS®
Oct 14, 2026 · day 9
$1,949,800
−$250,000 · 11.4%
$2,199,800
Listed (Active)MLS®
Oct 5, 2026 · 18 days on market
Down $250,000 (−11%) from the first list price of $2,199,800
$2,199,800
Members-only MLS® event
Sep 2026
Members-only MLS® event
Sep 2026

No registered sales on file yet.

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Sold Comparables

Recently Sold Nearby

Similar properties sold within 6 months

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sold comparables

See what comparable homes near 1161 Newport Ave, Oak Bay actually sold for.

133 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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Similar Active Listings

Similar Properties

The local market right now

south oak bay · all property types
Seller’s market
$1,563,889
Median sold
3.5
Months of supply
43
Avg days to sell

South Oak Bay all property types averages, updated daily. See South Oak Bay market stats or Oak Bay market stats.

Questions about this property

How much is 1161 Newport Ave, Oak Bay listed for?

It is listed at $1,949,800.

What kind of home is 1161 Newport Ave, Oak Bay?

A Office in South Oak Bay, Oak Bay with built in 1911.

How big is the lot at 1161 Newport Ave, Oak Bay?

The lot is 7,200 sqft (0.16 acres).

Did the price of 1161 Newport Ave, Oak Bay change?

1161 Newport Ave, Oak Bay was originally listed at $2,199,800, then reduced to $1,949,800 (11.4% reduction).

What is the Oak Bay real estate market like now?

Oak Bay is currently a seller's market: median sold price $1,563,889, 3.5 months of inventory, homes typically selling in about 43 days.

What other commercial properties are for sale in South Oak Bay?

There are 43 commercial properties for sale in South Oak Bay right now. Browse all South Oak Bay commercial properties for sale to see current listings, updated daily from the MLS® system.

How much do commercial properties cost in South Oak Bay?

The median commercial propertie sold price in South Oak Bay is $1,563,889, based on 133 sales over the past 12 months. The median price per square foot is $768. Compare asking prices across the commercial properties currently for sale in South Oak Bay.

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VREB · Victoria Real Estate Board

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: Oct 23, 2026.

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