3400 Upper Terrace Rd
$2,489,000
Uplands
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About this home
Set on a quiet, tree-lined curve in the heart of the Uplands, this classic Tudor residence offers timeless architecture, exceptional privacy, and a rare sense of calm. Framed by mature landscaping and positioned on a beautifully proportioned lot, the home blends storybook charm with light-filled interiors and thoughtful updates that respect its original character. Inside, warm hardwood floors, elegant sightlines, and generous principal rooms create an inviting atmosphere ideal for both everyday living and entertaining. The living and dining areas flow naturally, anchored by traditional fireplaces and large windows that bring in soft, natural light. The kitchen is bright and functional, offering excellent workspace while remaining true to the home’s classic aesthetic. Upstairs, the bedrooms are peaceful and well-proportioned, including a spacious primary retreat and versatile secondary rooms ideal for family, guests, or a home office. A charming upper flex space adds further flexibility as a reading room, studio, or children’s retreat. The bathrooms are clean, bright, and timeless, complementing the home’s overall warmth and authenticity. The lower level extends the living space with a comfortable rec room, perfect for movie nights, games, or a casual family hangout. A separate exterior entrance to the basement adds valuable flexibility for guests, teenagers, extended family, or potential suite considerations. Outdoors, the southwest-facing backyard enjoys excellent afternoon and evening sun, creating a bright and welcoming setting for relaxing, gardening, or entertaining. Mature trees and established landscaping provide a sense of privacy and tranquility that is increasingly rare. A true Uplands classic, this is a home that offers not only architectural beauty, but a lifestyle defined by quiet elegance, functional space, and enduring appeal. (id:65179)
Property details
From the listing's public record.
Lot size
13,648 square feet
Year built
1939
Taxes
$10,901/yr
Zoning
Residential
Appliances
Heating
Cooling
Lot
Style
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jul 9, 2026
Listed $2,489,000
Active11 days on marketMLS 1042541Jan 29, 2026
Listed $2,489,000
Expired76 days on marketMLS 1023654Feb 28, 2023
$2,100,000
Sold85 days on marketMLS 907806
How this listing compares
Based on 21 sales in UplandsMedian sold
$3,035,000
Avg days on market
62 days
Avg sale-to-list
93.9%
Avg $/sqft
$674
Price per square foot
Above area average
Current market in Uplands
Active (same type)
8
Pending
3
All active listings
8
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
$2,085,000
Homes in Oak Bay sell at 154.5% of assessed value on average.
Based on 217 recent sales.
Local price trend
How Uplands has moved over the last decade.
Local price index (normalized) · 117 months
Recent nearby sales
12 sales2324 Middowne Rd
$3,525,000
5 bd · 6 ba · 6,123 sqft · $576/sqft · 1 day on market
Sold Jul 20, 2026 · 98.1% 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
2524 Esplanade Blank
$2,310,000
3 bd · 3 ba · 4,190 sqft · $551/sqft · 14 days on market
Sold Jul 15, 2026 · 92.4% 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
2275 Allenby St
$1,620,000
3 bd · 2 ba · 2,740 sqft · $591/sqft · 15 days on market
Sold Jul 10, 2026 · 98.8% 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
2895 Lansdowne Rd
$2,900,000
5 bd · 5 ba · 7,658 sqft · $379/sqft · 71 days on market
Sold Jul 8, 2026 · 88.2% of list
2709 Burdick Ave
$2,015,000
5 bd · 3 ba · 3,190 sqft · $632/sqft · 53 days on market
Sold Jul 7, 2026 · 93.8% of list
2420 Bowker Ave
$1,850,000
5 bd · 2 ba · 2,923 sqft · $633/sqft · 7 days on market
Sold Jul 3, 2026 · 99.2% of list
2023 Carnarvon St
$1,590,000
5 bd · 4 ba · 3,186 sqft · $499/sqft · 24 days on market
Sold Jul 3, 2026 · 99.4% 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
What would this home cost?
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Monthly mortgage
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Loan amount
$2,489,000 − $497,800
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$551,970
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