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1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.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
Active7 days on marketMLS 1051371
How this listing compares
Based on 76 sales in South Oak BayMedian sold
$1,867,500
Avg days on market
45 days
Avg sale-to-list
97.6%
Avg $/sqft
$704
Price per square foot
Above area average
Current market in South Oak Bay
Active (same type)
36
Pending
15
All active listings
57
Months of supply
5.7
Balanced market — 5.7 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 168.5% of assessed value on average.
Based on 175 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 sales1217 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
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
671 Linkleas Ave
$1,800,000
3 bd · 2 ba · 1,747 sqft · $1,030/sqft · 13 days on market
Sold Jul 29, 2026 · 102.9% of list
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
Sold Jul 27, 2026 · 97.8% of list
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
990 Hampshire Rd
$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
$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.