318 Newport Ave
$3,899,000
South Oak Bay
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About this home
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
$19,954/yr
Zoning
Residential
View
Appliances
Heating
Cooling
Parking
Lot
Style
Price history
4 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Oct 15, 2026
Listed $3,899,000
Active14 days on marketMLS 1052418Jun 11, 2026
Listed $4,249,000
Ddf_delisted126 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 94 sales in South Oak BayMedian sold
$1,892,500
Avg days on market
45 days
Avg sale-to-list
97.6%
Avg $/sqft
$705
Price per square foot
Above area average
Current market in South Oak Bay
Active (same type)
36
Pending
3
All active listings
54
Months of supply
4.6
Balanced market — 4.6 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 157.1% of assessed value on average.
Based on 218 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 sales578 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
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
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
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
901 Victoria Ave
$1,020,000
5 bd · 1 ba · 2,435 sqft · $419/sqft · 53 days on market
Sold Sep 22, 2026 · 95% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$3,899,000 − $779,800
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$894,250
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 The Agency