318 Newport Ave
$4,850,000
South Oak Bay
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About this home
OPEN HOUSE SAT JUNE 27, 2.30pm - 4pm Set on one of South Oak Bay’s most coveted streets, this beautifully maintained residence offers over 3,200 sq ft of living space and timeless architectural appeal. Rich in character, the home features soaring ceilings, graceful archways, leaded glass accents, detailed woodwork, and hardwood floors throughout. The main level is designed for both everyday living and entertaining, offering gracious living and dining rooms, a spacious kitchen w/eating area, family room, office, and seamless access to multiple patios and beautifully landscaped gardens. Upstairs, the primary retreat enjoys views toward Victoria Golf Club and the ocean, complete w/a sitting area, walk-in closet, and ensuite. Two additional bedrooms, a full bathroom, and a dedicated laundry complete the upper level. An unfinished lower level provides excellent storage space. Perfectly positioned moments from Victoria Golf Club, Oak Bay Village, parks, beaches, and the waterfront. (id:65179)
Property details
From the listing's public record.
Lot size
14,626 square feet
Year built
1912
Taxes
$18,530/yr
Zoning
Residential
View
Appliances
Heating
Cooling
Lot
Style
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jun 11, 2026
Listed $4,850,000
Active18 days on marketMLS 1040157May 19, 2006
$1,600,000
Sold13 days on marketMLS 385024Oct 16, 2001
$648,000
Sold39 days on marketMLS 264759
How this listing compares
Based on 90 sales in South Oak BayMedian sold
$1,892,500
Avg days on market
44 days
Avg sale-to-list
97.8%
Avg $/sqft
$699
Price per square foot
Above area average
Current market in South Oak Bay
Active (same type)
36
Pending
18
All active listings
61
Months of supply
4.8
Balanced market — 4.8 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$3,418,000
Homes in Oak Bay sell at 154.9% of assessed value on average.
Based on 214 recent sales.
Local price trend
How South Oak Bay has moved over the last decade.
Local price index (normalized) · 117 months
Recent nearby sales
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Interested in this home?
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Listed by The Agency