
586 Island Rd
$2,250,000
South Oak Bay
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About this home
Nestled on one of South Oak Bay’s most storied country lanes, this 3-bed, 3-bth home on Island Road blends modern comfort with old-world charm. The living room features lofted ceilings, a gas fireplace & leafy outlooks, opening to a well-proportioned dining room. The kitchen offers a walk-in pantry, granite counters & a sunny breakfast nook flowing into a generous family rm with cozy feature fireplace. French doors lead to a beautifully landscaped & colourful English garden for easy indoor-outdoor living! A main-level office/den, full laundry rm and 2-car drive-in garage with workshop add excellent utility and storage. Recent upgrades include beautiful new white-oak hardwood floors, new heating and domestic hot water system, EV charger and solar system. Immaculately cared for and exceptionally private and quiet, this sensational home sits on a street where listings are rare, just steps to Anderson Hill Park, the Victoria Golf Club, top schools & popular neighbourhood restaurant/cafes! (id:65179)
Property details
From the listing's public record.
Lot size
6,652 square feet
Year built
1994
Taxes
$9,822/yr
Zoning
Residential
Appliances
Heating
Lot
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jun 28, 2026
Listed $2,250,000
Active1 days on marketMLS 1041493Apr 4, 2022
$2,500,000
Sold16 days on marketMLS 892936Dec 15, 2005
$875,000
Sold32 days on marketMLS 378214
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
$1,923,000
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
12 sales614 Monterey Ave
$2,300,000
3 bd · 3 ba · 2,767 sqft · $831/sqft · 55 days on market
Sold Jun 29, 2026 · 92.2% of list
2015 Runnymede Ave
$1,480,000
2 bd · 2 ba · 2,339 sqft · $633/sqft · 77 days on market
Sold Jun 26, 2026 · 92.5% of list
611 Island Rd
$2,550,000
3 bd · 3 ba · 5,442 sqft · $469/sqft · 159 days on market
Sold Jun 16, 2026 · 98.1% of list
895 Falkland Rd
$1,545,000
4 bd · 3 ba · 3,162 sqft · $489/sqft · 19 days on market
Sold Jun 16, 2026 · 99.7% of list
1274 Hewlett Pl
$1,198,880
3 bd · 1 ba · 1,908 sqft · $628/sqft · 12 days on market
Sold Jun 5, 2026 · 92.2% of list
2105 Windsor Rd
$1,475,000
2 bd · 2 ba · 1,869 sqft · $789/sqft · 16 days on market
Sold Jun 1, 2026 · 98.3% of list
2125 Hall Rd
$1,651,000
4 bd · 2 ba · 3,482 sqft · $474/sqft · 12 days on market
Sold Jun 1, 2026 · 97.4% of list
1043 Roslyn Rd
$1,250,000
5 bd · 2 ba · 2,377 sqft · $526/sqft · 24 days on market
Sold May 29, 2026 · 96.2% of list
750 Island Rd
$2,635,000
5 bd · 4 ba · 4,200 sqft · $627/sqft · 45 days on market
Sold May 29, 2026 · 97.6% of list
675 Monterey Ave
$1,695,000
3 bd · 3 ba · 2,543 sqft · $667/sqft · 13 days on market
Sold May 29, 2026 · 100% of list
1030 Falkland Rd
$1,399,000
2 bd · 2 ba · 2,226 sqft · $628/sqft · 2 days on market
Sold May 22, 2026 · 100% of list
535 Falkland Rd
$2,050,000
4 bd · 4 ba · 3,101 sqft · $661/sqft · 15 days on market
Sold May 15, 2026 · 97.9% of list
Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.