Victoria Real Estate
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587 Oliver St

$3,100,000

South Oak Bay

Detached3 bd · 3 ba · 1,920 sqftBuilt 2026$1,615/sqft4 days on market

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About this home

Welcome to a truly exceptional offering in South Oak Bay — a residence that redefines single-level luxury living. Conceived as the collaborative vision of Rob Sharples and Rothschild West Design, this architecturally refined rancher represents a level of design, craftsmanship, and performance seldom found in today’s market. Purposefully created for those unwilling to compromise, the home delivers seamless indoor-outdoor living through soaring 9’ to 12’ ceilings, clean architectural lines, and a thoughtful floor plan devoted to effortless main-floor living. Every space has been meticulously considered, resulting in a residence that feels both sophisticated and remarkably livable. Offering three bedrooms and three bathrooms, the interiors showcase an extraordinary level of detail. Custom millwork, integrated built-ins, and curated finishes create a sense of understated luxury, while the beautifully crafted banquette dining area serves as both a gathering place and a striking design feature. The primary suite offers a private sanctuary, complete with a spa-inspired ensuite featuring custom oak cabinetry, a heated bench within the zero-edge shower, and a deep soaker tub. Constructed entirely with insulated concrete form (ICF) technology, the home delivers exceptional energy performance, acoustic separation, and long-term durability. Designed to support graceful age-in-place living, it offers the convenience of single-level living without sacrificing comfort or elegance. Positioned just steps from Beach Drive, the residence places South Oak Bay’s most coveted amenities at your doorstep — from the shoreline and Victoria Golf Club to Oak Bay Marina and the village’s boutiques, cafés, and restaurants. This is more than a luxury rancher; it is a rare and highly considered offering that establishes a new benchmark for downsizing in South Oak Bay — where design, performance, and lifestyle converge in one of Victoria’s most prestigious coastal neighbourhoods. (id:65179)

Property details

From the listing's public record.

Lot size

6,650 square feet

Year built

2026

Taxes

$7,792/yr

Zoning

Residential

Appliances

WasherRefrigeratorDishwasherRangeDryerOven - Built-In

Heating

Heat PumpHeat Recovery Ventilation (HRV)

Cooling

Air Conditioned

Price history

3 records

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

  1. Jun 25, 2026

    Listed $3,100,000

    Active4 days on marketMLS 1036359
  2. Feb 19, 2026

    Listed $3,000,000

    Expired23 days on marketMLS 1026476
  3. Apr 21, 2012

    Listed $695,000

    Cancelled101 days on marketMLS 603576

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: $1,615/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

$1,531,000

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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