2 1040 St. Louis St
$1,649,000
South Oak Bay
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About this home
New townhome in South Oak Bay, one of just four built by award-winning Villamar Construction, steps from Windsor Park and a short stroll to Oak Bay Marina and the Village. 1,765 sq ft over three levels with 3 beds plus a flex room and 2.5 baths. The main floor has 9-ft ceilings, a bay window in the living room, a kitchen with island seating and pantry, a dining area with coffee bar, and a powder room, opening to a private, fenced, west-facing yard and patio. Upstairs: a primary bedroom with bay window, walk-in closet and ensuite with soaker tub and separate shower, two more bedrooms, a main bath and laundry. The lower level has a flex room, bike/storage room and a 25-ft garage with workbench, plus driveway parking. Concrete (ICF) walls between homes, elevator rough-in on all three floors, heat pump with A/C and 2-5-10 new home warranty. Expected completion spring 2027. Check the Multimedia link for more information. (id:65179)
Property details
From the listing's public record.
Year built
2027
Taxes
$1/yr
Strata / HOA
$0/month
Zoning
Residential
Appliances
Heating
Cooling
Parking
Lot
Community
How this listing compares
Based on 16 sales in Oak BayMedian sold
$1,334,125
Avg days on market
38 days
Avg sale-to-list
99.9%
Avg $/sqft
$703
Price per square foot
Above area average
Current market in Oak Bay
Active (same type)
19
Pending
2
All active listings
118
Months of supply
14.2
Buyer's market — 14.2 months of supply at the current sales pace.
Assessment
From publicly available property records.
Homes in Oak Bay sell at 100.2% of assessed value on average.
Based on 9 recent sales.
Recent nearby sales
12 sales159-2345 Cedar Hill Cross Rd
$799,900
3 bd · 2 ba · 2,576 sqft · $311/sqft · 42 days on market
Sold Oct 9, 2026 · 100% of list
1-3333 Henderson Rd
$1,412,250
3 bd · 3 ba · 1,896 sqft · $745/sqft · 9 days on market
Sold Oct 8, 2026 · 105% of list
1-3513 Henderson Rd
$1,328,250
3 bd · 4 ba · 2,000 sqft · $664/sqft · 147 days on market
Sold Sep 30, 2026 · 100.2% of list
1-2268 Bowker Ave
$1,400,000
3 bd · 3 ba · 1,457 sqft · $961/sqft · 71 days on market
Sold Sep 25, 2026 · 103.7% of list
C-786 St. Patrick St
$1,365,000
4 bd · 4 ba · 1,929 sqft · $708/sqft · 48 days on market
Sold Sep 17, 2026 · 100% of list
1-2455 Hamiota St
$1,525,000
3 bd · 4 ba · 1,355 sqft · $1,125/sqft · 36 days on market
Sold Sep 16, 2026 · 98.4% of list
A-786 St. Patrick St
$1,340,000
4 bd · 4 ba · 1,929 sqft · $695/sqft · 35 days on market
Sold Sep 8, 2026 · 97.5% of list
2-2456 Tod Rd
$1,575,000
3 bd · 4 ba · 1,355 sqft · $1,162/sqft · 6 days on market
Sold Sep 1, 2026 · 101.6% of list
137-2345 Cedar Hill Cross Rd
$1,185,000
2 bd · 2 ba · 2,351 sqft · $504/sqft · 69 days on market
Sold Aug 31, 2026 · 99.2% of list
1409 Yale St
$1,250,000
3 bd · 3 ba · 3,254 sqft · $384/sqft · 31 days on market
Sold Aug 31, 2026 · 96.3% of list
2112 Granite St
$1,400,000
2 bd · 2 ba · 1,995 sqft · $702/sqft · 1 day on market
Sold Jul 21, 2026 · 109.5% of list
118-2345 Cedar Hill Cross Rd
$1,100,000
2 bd · 2 ba · 2,055 sqft · $535/sqft · 50 days on market
Sold Jul 17, 2026 · 91.8% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$1,649,000 − $329,800
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$362,280
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 Alexandrite Real Estate Ltd.