Victoria Real Estate
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586 Island Rd

$2,250,000

South Oak Bay

Detached3 bd · 3 ba · 2,523 sqftBuilt 1994$892/sqft1 day on market

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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

WasherRefrigeratorRange - ElectricDishwasherDryer

Heating

Heat PumpElectricSolar

Lot

Central locationPrivate setting

Price history

3 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Jun 28, 2026

    Listed $2,250,000

    Active1 days on marketMLS 1041493
  2. Apr 4, 2022

    $2,500,000

    Sold16 days on marketMLS 892936
  3. Dec 15, 2005

    $875,000

    Sold32 days on marketMLS 378214

How this listing compares

Based on 90 sales in South Oak Bay

Median sold

$1,892,500

Avg days on market

44 days

Avg sale-to-list

97.8%

Avg $/sqft

$699

Price per square foot

This home: $892/sqftArea average: $699/sqft

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 market4.8 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.

85116146Jul 2016May 2021May 2026

Local price index (normalized) · 117 months

Recent nearby sales

12 sales
  • 614 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

More on this listing

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