1 920 Island Rd
$1,525,000
South Oak Bay
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About this home
Introducing Willow Lane—now offering the final available residence on one of South Oak Bay’s most coveted streets. From the moment you enter, the home makes a striking impression with a dramatic 18'+ dining space with integrated wine bar, rich hardwood flooring, bespoke millwork, and an elegant glass railing system. Expansive glass doors open to a private, sun-drenched west-facing garden, creating seamless indoor-outdoor living. This refined 3 bedroom plus den residence is anchored by a luxurious primary retreat featuring a spa-inspired 4-piece ensuite with soaker tub and a private west-facing deck to capture evening sunsets. A rare offering in South Oak Bay, this is a home that must be experienced in person to be fully appreciated, book your showing today! (id:65179)
Property details
From the listing's public record.
Year built
2026
Taxes
$0/yr
Strata / HOA
$280/month
Zoning
Residential
Appliances
Heating
Cooling
Parking
Lot
Style
Community
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jul 8, 2026
Listed $1,525,000
Active12 days on marketMLS 1042593May 14, 2026
Listed $1,549,000
Expired53 days on marketMLS 1036952Mar 6, 2026
Listed $1,549,000
Expired69 days on marketMLS 1028114
How this listing compares
Based on 9 sales in Oak BayMedian sold
$1,250,000
Avg days on market
24 days
Avg sale-to-list
97.8%
Avg $/sqft
$701
Price per square foot
Above area average
Current market in Oak Bay
Active (same type)
22
Pending
6
All active listings
126
Months of supply
29.3
Buyer's market — 29.3 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$2,424,000
Homes in Oak Bay sell at 109.7% of assessed value on average.
Based on 8 recent sales.
Recent nearby sales
3 sales118-2345 Cedar Hill Cross Rd
$1,100,000
2 bd · 2 ba · 2,055 sqft · $535/sqft · 50 days on market
Sold Jul 17, 2026 · 91.8% of list
2-3024 Cadboro Bay Rd
$2,322,600
3 bd · 3 ba · 2,514 sqft · $924/sqft · 7 days on market
Sold Jun 26, 2026 · 105.6% of list
2560 Cadboro Bay Rd
$1,123,000
3 bd · 3 ba · 1,920 sqft · $585/sqft · 17 days on market
Sold Jun 12, 2026 · 99.6% of list
What would this home cost?
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Estimate
Monthly mortgage
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Loan amount
$1,525,000 − $305,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$335,000
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?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
Listed by Alexandrite Real Estate Ltd.