1597 Monterey Ave
$1,650,000
South Oak Bay
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About this home
This lovingly cared for 4 bedroom, 3 bathroom Oak Bay character home has come to market for the first time in 70 years, w/a 3 bed, 1 bath main living area w/a full height 1 bed, 1 bath walkout suite. This beautiful home has undergone extensive renovations, incl. complete foundation replacement & excavation resulting in the 8' lower level, hurricane strapping, new perimeter drains, plumbing upgrades, 200 amp service, new gas furnace & HVAC & renovated main level w/new kitchen. Enjoy the modern comforts of these upgrades in a home rich w/character, natural light & spaciousness. The upper level has 3 large bedrooms w/a 4pc bath, ideal for a family. The private, fully-fenced yard has direct access via the deck off the kitchen, perfect for summer entertaining & kids. The home has plenty of storage (attic storage not included in floor plan or photos), closets throughout & spacious driveway parking. Bring your ideas to the unfinished bsmt area, ready for additional bedrooms, bathrooms or flex space. This home is a rare offering & a must-see! (id:65179)
Property details
From the listing's public record.
Lot size
6,000 square feet
Year built
1909
Taxes
$8,184/yr
Zoning
Residential
Appliances
Heating
Parking
Style
Price history
1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jul 18, 2026
Listed $1,650,000
Active2 days on marketMLS 1043580
How this listing compares
Based on 93 sales in South Oak BayMedian sold
$1,850,000
Avg days on market
43 days
Avg sale-to-list
97.8%
Avg $/sqft
$692
Price per square foot
Below area average
Current market in South Oak Bay
Active (same type)
31
Pending
15
All active listings
56
Months of supply
4
Balanced market — 4 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$1,494,000
Homes in Oak Bay sell at 154.5% of assessed value on average.
Based on 217 recent sales.
Local price trend
How South Oak Bay has moved over the last decade.
Local price index (normalized) · 117 months
Recent nearby sales
12 sales449 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
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
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
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
658 Byng St
$1,640,000
3 bd · 2 ba · 2,400 sqft · $683/sqft · 59 days on market
Sold Jun 30, 2026 · 93.7% of list
2231 Windsor Rd
$2,125,000
5 bd · 3 ba · 3,089 sqft · $688/sqft · 3 days on market
Sold Jun 30, 2026 · 98.8% of list
614 Monterey Ave
$2,300,000
3 bd · 3 ba · 2,767 sqft · $831/sqft · 55 days on market
Sold Jun 29, 2026 · 92.2% of list
2015 Runnymede Ave
$1,480,000
2 bd · 2 ba · 2,339 sqft · $633/sqft · 77 days on market
Sold Jun 26, 2026 · 92.5% of list
611 Island Rd
$2,550,000
3 bd · 3 ba · 5,442 sqft · $469/sqft · 159 days on market
Sold Jun 16, 2026 · 98.1% of list
895 Falkland Rd
$1,545,000
4 bd · 3 ba · 3,162 sqft · $489/sqft · 19 days on market
Sold Jun 16, 2026 · 99.7% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$1,650,000 − $330,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$362,500
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 Coldwell Banker Oceanside Real Estate