1161 Newport Ave
$2,399,800
South Oak Bay
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About this home
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. (id:65179)
Property details
From the listing's public record.
Lot size
7,200 square feet
Year built
1911
Taxes
$21,790/yr
Zoning
Unknown
Price history
1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Sep 9, 2026
Listed $2,399,800
Active10 days on marketMLS 1048129
How this listing compares
Based on 79 sales in South Oak BayMedian sold
$1,885,000
Avg days on market
46 days
Avg sale-to-list
97.6%
Avg $/sqft
$707
Current market in South Oak Bay
Active (same type)
35
Pending
15
All active listings
56
Months of supply
5.3
Balanced market — 5.3 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$1,504,500
Homes in Oak Bay sell at 165.3% of assessed value on average.
Based on 184 recent sales.
Local price trend
How South Oak Bay has moved over the last decade.
Local price index (normalized) · 117 months
Recent nearby sales
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$1,705,000
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554 Beach Dr
$3,125,000
4 bd · 4 ba · 4,515 sqft · $692/sqft · 30 days on market
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671 Linkleas Ave
$1,800,000
3 bd · 2 ba · 1,747 sqft · $1,030/sqft · 13 days on market
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2175 Granite St
$2,750,000
3 bd · 4 ba · 2,577 sqft · $1,067/sqft · 57 days on market
Sold Jul 27, 2026 · 96.8% of list
905 Deal St
$2,150,000
5 bd · 3 ba · 3,639 sqft · $591/sqft · 74 days on market
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449 Victoria Ave
$1,570,000
5 bd · 3 ba · 3,217 sqft · $488/sqft · 22 days on market
Sold Jul 16, 2026 · 95.2% of list
590 Island Rd
$2,850,000
4 bd · 4 ba · 3,585 sqft · $795/sqft · 5 days on market
Sold Jul 15, 2026 · 106.5% of list
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$1,145,000
4 bd · 2 ba · 2,266 sqft · $505/sqft · 15 days on market
Sold Jul 10, 2026 · 97.4% of list
945 Falkland Rd
$1,362,500
4 bd · 2 ba · 3,582 sqft · $380/sqft · 48 days on market
Sold Jul 10, 2026 · 97.7% of list
865 St. Patrick St
$1,502,000
4 bd · 3 ba · 2,951 sqft · $509/sqft · 9 days on market
Sold Jul 2, 2026 · 102% of list
575 St. Patrick St
$3,704,000
4 bd · 4 ba · 4,461 sqft · $830/sqft · 10 days on market
Sold Jun 30, 2026 · 93.8% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$2,399,800 − $479,960
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$531,454
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 RE/MAX Camosun