568 Island Rd
$2,200,000
South Oak Bay
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About this home
Idyllic South Oak Bay location - adjacent to Anderson Hill Park & a short stroll to the oceanfront - this custom Executive residence is well maintained and offers wonderful space & comfort. Enter through the foyer to the large living room which shares see through gas fireplace with the spacious dining room which connects to the less formal family space through the wet bar. Bright kitchen centred by great working island & new appliances is adjacent to the cozy family room with fireplace. You'll appreciate the wall of windows enveloping the eating nook & den & opens to the large outdoor patio. 5 Bedrooms & 4 bathrooms include a grand Primary (5-piece ensuite) on the main & second Primary upstairs (3-piece ensuite). 4 of the bedrooms enjoy large walk-in closets. Signifiant storage particularly on the second floor as well as the double garage with professionally finished floor. (id:65179)
Property details
From the listing's public record.
Lot size
8,633 square feet
Year built
1993
Taxes
$11,712/yr
Strata / HOA
$15/month
Zoning
Residential
Heating
Lot
Community
Price history
1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Sep 11, 2026
Listed $2,200,000
Active8 days on marketMLS 1049268
How this listing compares
Based on 27 sales in South Oak BayMedian sold
$845,000
Avg days on market
36 days
Avg sale-to-list
97.2%
Avg $/sqft
$624
Price per square foot
Above area average
Current market in South Oak Bay
Active (same type)
13
Pending
6
All active listings
56
Months of supply
5.8
Balanced market — 5.8 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$2,138,000
Homes in Oak Bay sell at 94% of assessed value on average.
Based on 31 recent sales.
Local price trend
How South Oak Bay has moved over the last decade.
Local price index (normalized) · 54 months
Recent nearby sales
12 sales205-2125 Oak Bay Ave
$756,000
2 bd · 2 ba · 1,311 sqft · $577/sqft · 9 days on market
Sold Aug 14, 2026 · 100.8% of list
409-1370 Beach Dr
$980,000
2 bd · 2 ba · 1,601 sqft · $612/sqft · 62 days on market
Sold Aug 13, 2026 · 99.5% of list
202-1440 Beach Dr
$915,000
1 bd · 2 ba · 1,536 sqft · $596/sqft · 49 days on market
Sold Jul 31, 2026 · 94.4% of list
205-1450 Beach Dr
$655,000
2 bd · 2 ba · 1,048 sqft · $625/sqft · 55 days on market
Sold Jul 31, 2026 · 97.1% of list
207-2277 Oak Bay Ave
$1,285,000
2 bd · 2 ba · 1,746 sqft · $736/sqft · 51 days on market
Sold Jul 13, 2026 · 95.2% of list
104-1284 Beach Dr
$2,131,000
2 bd · 3 ba · 1,657 sqft · $1,286/sqft · 39 days on market
Sold Jul 2, 2026 · 99.1% of list
114-2100 Granite St
$430,000
1 bd · 1 ba · 716 sqft · $601/sqft · 25 days on market
Sold May 25, 2026 · 98.9% of list
506-1148 Goodwin St
$706,000
2 bd · 2 ba · 1,319 sqft · $535/sqft · 14 days on market
Sold May 21, 2026 · 101% of list
410-2100 Granite St
$430,000
1 bd · 1 ba · 799 sqft · $538/sqft · 19 days on market
Sold May 14, 2026 · 95.6% of list
105-1375 Newport Ave
$862,000
2 bd · 1 ba · 2,032 sqft · $424/sqft · 30 days on market
Sold May 1, 2026 · 98.1% of list
503-1175 Newport Ave
$875,000
3 bd · 2 ba · 1,502 sqft · $583/sqft · 13 days on market
Sold Apr 7, 2026 · 98.4% of list
401-1175 Beach Dr
$1,360,000
1 bd · 2 ba · 1,297 sqft · $1,049/sqft · 41 days on market
Sold Apr 1, 2026 · 100% of list
What would this home cost?
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Loan amount
$2,200,000 − $440,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$485,500
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 DFH Real Estate Ltd.