121 Denison Rd
$6,995,000
Gonzales
Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
About this home
121 Denison Rd, ''King of The Hill'', is a rare and exceptional offering in South Oak Bay, positioned at the highest point in Oak Bay above McNeil Bay. From this elevated setting, the home enjoys unobstructed 270° views of the Olympic Mountains, Trial Island lighthouse, and Discovery and Trial Islands, with ever-changing marine activity including cruise ships, freighters, and whale-watching vessels. Located on a quiet, park-like cul-de-sac, the property offers outstanding privacy and tranquility. Originally built in the 1970s and meticulously maintained, the home was reimagined by Zebra Design to preserve its irreplaceable height—now restricted by current building codes—while ensuring ocean views from every principal room, including the garage. Designed with a focus on simplicity, livability, and entertaining, the home was constructed by GT-Mann Construction with an emphasis on uncompromising quality. Premium materials include top-grade framing, engineered beams enabling a pillarless design, triple-pane windows, and solid core doors. Extensive soundproofing minimizes both exterior and interior noise. Full Control4 automation manages lighting, climate, blinds, security, and more. Architectural details include shadow-line drywall finishes, a floating staircase with glass railings, and seamless indoor-outdoor living through expansive decks, gas fireplaces, and outdoor cooking areas. The low-maintenance exterior features acrylic stucco, metal detailing, and a standing seam metal roof. A concrete pool with LED lighting and retractable cover is complemented by a spa-like wellness area with sauna, gym, and yoga space—all oriented to the view. Custom Southshore cabinetry, a hidden pantry, and a striking temperature-controlled 400-bottle wine cellar complete the home, reflecting a cohesive commitment to design, quality, and its extraordinary coastal setting. (id:65179)
Property details
From the listing's public record.
Lot size
16,640 square feet
Year built
1978
Taxes
$34,953/yr
Zoning
Residential
View
Appliances
Heating
Cooling
Lot
Style
Price history
4 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Sep 10, 2026
Listed $6,995,000
Active9 days on marketMLS 1049252Jun 6, 2026
Listed $8,500,000
Ddf_delisted96 days on marketMLS 1031395Sep 26, 2022
$3,450,000
Sold66 days on marketMLS 905655Apr 5, 2022
Listed $3,999,000
Cancelled62 days on marketMLS 898855
How this listing compares
Based on 186 sales in Oak BayMedian sold
$1,735,750
Avg days on market
43 days
Avg sale-to-list
97.2%
Avg $/sqft
$657
Price per square foot
Above area average
Current market in Oak Bay
Active (same type)
68
Pending
39
All active listings
117
Months of supply
4.4
Balanced market — 4.4 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$4,398,000
Homes in Oak Bay sell at 165.3% of assessed value on average.
Based on 184 recent sales.
Local price trend
How Gonzales has moved over the last decade.
Local price index (normalized) · 117 months
Recent nearby sales
12 sales2979 Westdowne Rd
$1,320,000
4 bd · 3 ba · 2,689 sqft · $491/sqft · 25 days on market
Sold Aug 20, 2026 · 94.4% of list
2741 Dufferin Ave
$2,050,000
5 bd · 3 ba · 3,632 sqft · $564/sqft · 63 days on market
Sold Aug 14, 2026 · 95.3% of list
2001 Carrick St
$1,007,500
4 bd · 2 ba · 1,900 sqft · $530/sqft · 15 days on market
Sold Aug 14, 2026 · 100.9% of list
2771 Foul Bay Rd
$1,062,680
3 bd · 2 ba · 1,969 sqft · $540/sqft · 77 days on market
Sold Aug 12, 2026 · 96.6% of list
3508 Plymouth Rd
$1,575,000
5 bd · 3 ba · 2,915 sqft · $540/sqft · 17 days on market
Sold Aug 6, 2026 · 98.4% of list
1217 Hewlett Pl
$2,600,000
4 bd · 5 ba · 3,052 sqft · $852/sqft · 22 days on market
Sold Aug 6, 2026 · 96.3% of list
2753 Cavendish Ave
$3,200,000
5 bd · 3 ba · 4,501 sqft · $711/sqft · 22 days on market
Sold Aug 6, 2026 · 95.5% of list
1262 Roslyn Rd
$1,705,000
4 bd · 3 ba · 2,050 sqft · $832/sqft · 15 days on market
Sold Aug 4, 2026 · 95.3% of list
554 Beach Dr
$3,125,000
4 bd · 4 ba · 4,515 sqft · $692/sqft · 30 days on market
Sold Jul 31, 2026 · 94.8% of list
2700 Dorset Rd
$2,575,000
5 bd · 3 ba · 4,316 sqft · $597/sqft · 9 days on market
Sold Jul 31, 2026 · 96.3% of list
2832 Cadboro Bay Rd
$1,875,000
4 bd · 3 ba · 3,198 sqft · $586/sqft · 17 days on market
Sold Jul 31, 2026 · 94% of list
2519 Wootton Cres
$1,415,000
4 bd · 2 ba · 2,628 sqft · $538/sqft · 15 days on market
Sold Jul 31, 2026 · 99.3% of list
What would this home cost?
Estimate your monthly payment and total cash to close on this property — BC Property Transfer Tax included. Adjust the numbers for your situation.
Toggle to enter as % or $ — the other field updates automatically.
We don't guess a rate — talk to a broker for current Island rates and what you'd actually qualify for.
Estimate
Monthly mortgage
—
Enter a rate to see the payment.
Loan amount
$6,995,000 − $1,399,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$1,668,250
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.
Want a real rate?
Connect with a local mortgage broker for current rates and what you'd actually qualify for.
Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
Listed by The Agency