Victoria Real Estate
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3475 Upper Terrace Rd

$6,995,000

Uplands

Detached6 bd · 7 ba · 5,878 sqftBuilt 1914$1,190/sqft3 days on market

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About this home

Set on a private 1.084-acre lot along a picturesque tree-lined street in prestigious Uplands, this dreamy 1914 Tudor home offers exceptional privacy and a rare blend of historic charm and refined modern living. Substantially renovated and thoughtfully expanded over time, the home showcases the finest materials while preserving its heritage character. Inside, impeccable attention to detail is evident throughout, with hardwood floors, marble finishes, stone vanities, and elegant ceiling mouldings that reflect the home’s refined craftsmanship while blending timeless elegance with modern comfort. The kitchen and eating area feature beautiful arched ceilings and overlook the landscaped gardens, creating a stunning setting that will impress and entertain while seamlessly connecting indoor and outdoor living. The main floor offers an elegant and functional layout with a living room, card room, family room, office, and den—ideal for both entertaining and everyday living. Upstairs, the spacious primary bedroom includes a large walk-in closet and a luxurious 6-piece ensuite with a bathtub perfectly positioned to capture sea views. Three additional bedrooms and three bathrooms complete the second floor. The beautifully landscaped grounds provide a private retreat with a tennis court, greenhouse, detached double garage, and a self-contained lower suite ideal for in-laws or visiting guests. Enjoy panoramic water views from this exceptional property. Adding further value, the property presents future development potential with the possibility to subdivide into three lots: two stratified lots of 6,759 sq ft each and one SFD lot of 33,351 sqft. Minutes from schools, parks, UVic, Uplands Golf Club, and the Royal Victoria Yacht Club, this is a truly special offering in one of Victoria’s most coveted neighbourhoods. (id:65179)

Property details

From the listing's public record.

Lot size

1.08 acres

Year built

1914

Taxes

$41,070/yr

Zoning

Residential

View

Mountain viewOcean view

Appliances

WasherRefrigeratorRange - ElectricDishwasherRangeDryerMicrowaveFreezer

Heating

Baseboard heatersElectricHot Water

Lot

AcreagePrivate settingSouthern exposureRectangularMarine Oriented

Style

Tudor

Price history

2 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Sep 16, 2026

    Listed $6,995,000

    Active3 days on marketMLS 1049997
  2. Mar 12, 2026

    Listed $6,995,000

    Ddf_delisted188 days on marketMLS 1028287

How this listing compares

Based on 16 sales in Uplands

Median sold

$2,561,000

Avg days on market

62 days

Avg sale-to-list

93.2%

Avg $/sqft

$645

Price per square foot

This home: $1,190/sqftArea average: $645/sqft

Above area average

Current market in Uplands

Active (same type)

9

Pending

4

All active listings

9

Months of supply

6.8

Buyer's market6.8 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$5,741,000

Homes in Oak Bay sell at 165.3% of assessed value on average.

Based on 184 recent sales.

Local price trend

How Uplands has moved over the last decade.

90118147Oct 2016Aug 2021Aug 2026

Local price index (normalized) · 117 months

Recent nearby sales

12 sales
  • 2979 Westdowne Rd

    $1,320,000

    4 bd · 3 ba · 2,689 sqft · $491/sqft · 25 days on market

    Sold Aug 20, 2026 · 94.4% of list

  • 2741 Dufferin Ave

    $2,050,000

    5 bd · 3 ba · 3,632 sqft · $564/sqft · 63 days on market

    Sold Aug 14, 2026 · 95.3% of list

  • 2001 Carrick St

    $1,007,500

    4 bd · 2 ba · 1,900 sqft · $530/sqft · 15 days on market

    Sold Aug 14, 2026 · 100.9% of list

  • 2771 Foul Bay Rd

    $1,062,680

    3 bd · 2 ba · 1,969 sqft · $540/sqft · 77 days on market

    Sold Aug 12, 2026 · 96.6% of list

  • 3508 Plymouth Rd

    $1,575,000

    5 bd · 3 ba · 2,915 sqft · $540/sqft · 17 days on market

    Sold Aug 6, 2026 · 98.4% of list

  • 1217 Hewlett Pl

    $2,600,000

    4 bd · 5 ba · 3,052 sqft · $852/sqft · 22 days on market

    Sold Aug 6, 2026 · 96.3% of list

  • 2753 Cavendish Ave

    $3,200,000

    5 bd · 3 ba · 4,501 sqft · $711/sqft · 22 days on market

    Sold Aug 6, 2026 · 95.5% of list

  • 1262 Roslyn Rd

    $1,705,000

    4 bd · 3 ba · 2,050 sqft · $832/sqft · 15 days on market

    Sold Aug 4, 2026 · 95.3% of list

  • 554 Beach Dr

    $3,125,000

    4 bd · 4 ba · 4,515 sqft · $692/sqft · 30 days on market

    Sold Jul 31, 2026 · 94.8% of list

  • 2700 Dorset Rd

    $2,575,000

    5 bd · 3 ba · 4,316 sqft · $597/sqft · 9 days on market

    Sold Jul 31, 2026 · 96.3% of list

  • 2832 Cadboro Bay Rd

    $1,875,000

    4 bd · 3 ba · 3,198 sqft · $586/sqft · 17 days on market

    Sold Jul 31, 2026 · 94% of list

  • 2519 Wootton Cres

    $1,415,000

    4 bd · 2 ba · 2,628 sqft · $538/sqft · 15 days on market

    Sold Jul 31, 2026 · 99.3% of list

What would this home cost?

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Monthly mortgage

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Loan amount

$6,995,000 − $1,399,000

$5,596,000

Down payment

20.0%

$1,399,000

Property Transfer Tax

$267,750

Legal / closing (est.)

$1,500

Cash to close

$1,668,250

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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