988 Monterey Ave
$1,780,000
South Oak Bay
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About this home
Set on a sunny corner lot in desirable South Oak Bay, this bright, beautifully renovated 2,476 sq ft home offers 4 beds, 3 baths, a flex room and a large laundry/mudroom. Upgrades include engineered hardwood floors, fresh paint throughout, updated lighting, 200-amp service, PEX and copper plumbing, and a new water service line. The kitchen features quartz counters, ample soft-close cabinetry, modern appliances, beautiful tile work, a bar sink and mini fridge. An expansive island is ideal for cooking, family meals and entertaining. The versatile lower level has a separate entry to the covered carport. The laundry/mudroom offers quality appliances, a sink, cabinetry and ample storage. A large, partially covered deck has new vinyl decking, stairs and railings for year-round enjoyment. Walk to local gem Demitasse, shops, amenities and beaches. Extensive renovations, a flexible floor plan and an unbeatable location make this an exceptional place to call home! (id:65179)
Property details
From the listing's public record.
Lot size
5,448 square feet
Year built
1975
Taxes
$7,538/yr
Zoning
Residential
Appliances
Heating
Cooling
Parking
Lot
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Oct 26, 2026
Listed $1,780,000
Active3 days on marketMLS 1052646Nov 20, 2017
$900,000
Sold20 days on marketMLS 769894Sep 1, 2017
Listed $995,000
Cancelled121 days on marketMLS 769066
How this listing compares
Not enough recent sales in this area for reliable stats.
Current market in South Oak Bay
Active (same type)
1
Pending
0
All active listings
1
Months of supply
—
Assessment
From publicly available property records.
Assessed value
$1,376,000
Local price trend
How South Oak Bay has moved over the last decade.
Local price index (normalized) · 116 months
What would this home cost?
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Estimate
Monthly mortgage
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Loan amount
$1,780,000 − $356,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$391,100
Down payment + PTT + GST + legal estimate.
Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.
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Interested in this home?
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Listed by Engel & Volkers Vancouver Island North