1240 Victoria Ave
$1,599,000
South Oak Bay
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About this home
Classic Oak Bay character home located only two blocks from Oak Bay Village. Built in 1911, this beautifully maintained 3-bedroom, 2.5-bathroom home offers over 2,000 sq. ft. of finished living space. The main-floor features a master bedroom with ensuite and walk-in closet, spacious living and dining room, updated kitchen with an eating area, hardwood floors, and timeless turn of the century charm throughout. The upper floor has two bedrooms and a bathroom, making it perfect for kids or guests. The home is surrounded by mature landscaping with a private rear deck, detached garage, and a large unfinished basement with 6’-10” ceilings. 1240 Victoria Avenue is a charming property in an exceptional location that is just steps to cafés, restaurants, boutiques, pubs, parks, beaches, excellent schools, and all the amenities of Oak Bay Village. (id:65179)
Property details
From the listing's public record.
Lot size
6,360 square feet
Year built
1911
Taxes
$9,604/yr
Zoning
Residential
Heating
Parking
Price history
1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Oct 2, 2026
Listed $1,599,000
Active29 days on marketMLS 1051371
How this listing compares
Based on 92 sales in South Oak BayMedian sold
$1,892,500
Avg days on market
45 days
Avg sale-to-list
97.5%
Avg $/sqft
$707
Price per square foot
Above area average
Current market in South Oak Bay
Active (same type)
33
Pending
5
All active listings
51
Months of supply
4.3
Balanced market — 4.3 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$1,713,000
Homes in Oak Bay sell at 158.9% of assessed value on average.
Based on 211 recent sales.
Local price trend
How South Oak Bay has moved over the last decade.
Local price index (normalized) · 116 months
Recent nearby sales
12 sales2183 Central Ave
$1,170,000
3 bd · 1 ba · 2,082 sqft · $562/sqft · 4 days on market
Sold Oct 29, 2026 · 97.5% of list
578 Island Rd
$2,075,000
4 bd · 4 ba · 5,706 sqft · $364/sqft · 92 days on market
Sold Oct 26, 2026 · 90.2% of list
1391 Victoria Ave
$2,080,000
4 bd · 3 ba · 3,064 sqft · $679/sqft · 22 days on market
Sold Oct 22, 2026 · 99% of list
535 Island Rd
$2,480,000
4 bd · 3 ba · 3,239 sqft · $766/sqft · 30 days on market
Sold Oct 16, 2026 · 95.4% of list
2409 Currie Rd
$1,275,000
2 bd · 1 ba · 1,363 sqft · $935/sqft · 187 days on market
Sold Oct 15, 2026 · 87.9% of list
2353 Windsor Rd
$1,750,000
4 bd · 3 ba · 3,454 sqft · $507/sqft · 14 days on market
Sold Oct 15, 2026 · 100% of list
2090 Mcneill Ave
$1,775,000
5 bd · 3 ba · 2,920 sqft · $608/sqft · 126 days on market
Sold Oct 15, 2026 · 98.6% of list
916 Monterey Ave
$1,740,000
4 bd · 2 ba · 2,899 sqft · $600/sqft · 43 days on market
Sold Oct 1, 2026 · 96.7% of list
2112 Pentland Rd
$1,433,000
5 bd · 3 ba · 2,385 sqft · $601/sqft · 33 days on market
Sold Sep 29, 2026 · 95.7% of list
2425 Oak Bay Ave
$2,488,000
4 bd · 4 ba · 3,033 sqft · $820/sqft · 8 days on market
Sold Sep 24, 2026 · 100% of list
1074 Oliver St
$2,325,000
6 bd · 4 ba · 4,289 sqft · $542/sqft · 19 days on market
Sold Sep 24, 2026 · 96.9% of list
2631 Margate Ave
$2,600,000
4 bd · 4 ba · 3,096 sqft · $840/sqft · 52 days on market
Sold Sep 24, 2026 · 93% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$1,599,000 − $319,800
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$351,280
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 Real Broker B.C. Ltd.