
587 Oliver St
$3,100,000
South Oak Bay
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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
Heating
Cooling
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jun 25, 2026
Listed $3,100,000
Active4 days on marketMLS 1036359Feb 19, 2026
Listed $3,000,000
Expired23 days on marketMLS 1026476Apr 21, 2012
Listed $695,000
Cancelled101 days on marketMLS 603576
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
$1,531,000
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.
Local price index (normalized) · 117 months
Recent nearby sales
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$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
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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.