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964 Newport Ave

$2,890,000

South Oak Bay

Detached5 bd · 4 ba · 3,445 sqftBuilt 1965$839/sqft9 days on market

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About this home

Gracefully positioned on the coveted & world-renowned Newport Avenue in South Oak Bay, this beautifully renovated residence embodies timeless luxury & quintessential family living. Set on a flat 8,850 sq/ft SOUTHWEST-facing lot, the home blends refined craftsmanship w/thoughtful modern living. Exquisite wainscoting & custom millwork elevate the main, where a formal office/5th bedroom offers versatility. The elegant LR warmed by a Gas FP, flows into a gracious DR & beautifully appointed kitchen overlooking the family room. The inviting space opens to a rear deck & custom-landscaped yard, ideal for entertaining & family gatherings. Solar panels add modern efficiency, while a RARE FOUR bedroom & two bathroom upper level suits growing families. The expansive lower-level rec room offers endless possibilities for play, relaxation & years of enjoyment. An exceptional Oak Bay offering, where timeless elegance meets family living. This is definitely a home worth seeing. (id:65179)

Property details

From the listing's public record.

Lot size

8,850 square feet

Year built

1965

Taxes

$14,012/yr

Strata / HOA

$0/month

Zoning

Residential

Appliances

WasherRefrigeratorRange - GasDishwasherDryer

Heating

Heat PumpBaseboard heatersElectricNatural gasSolar

Cooling

Air Conditioned

Parking

Attached GarageGarage

Lot

Level lotPark settingPrivate settingSouthern exposureMarine Oriented

Price history

4 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

Oct 20, 2026
Listed $2,890,000
Active9 days on marketMLS 1052611
Jul 8, 2022
$2,665,000
Sold6 days on marketMLS 899057
Jun 18, 2009
$1,285,000
Sold113 days on marketMLS 488559
Jul 4, 2005
$790,000
Sold55 days on marketMLS 361742

How this listing compares

Based on 94 sales in South Oak Bay

Median sold

$1,892,500

Avg days on market

45 days

Avg sale-to-list

97.6%

Avg $/sqft

$705

Price per square foot

This home: $839/sqft·Area average: $705/sqft

Above area average

Current market in South Oak Bay

Active (same type)

Pending

All active listings

Months of supply

4.6

Balanced market — 4.6 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$2,520,000

Homes in Oak Bay sell at 157.1% of assessed value on average.

Based on 218 recent sales.

Local price trend

How South Oak Bay has moved over the last decade.

Local price index (normalized) · 116 months

Recent nearby sales

12 sales

578 Island Rd
$2,075,000
4 bd · 4 ba · 5,706 sqft · $364/sqft · 92 days on market
Sold Oct 26, 2026 · 90.2% of list
1391 Victoria Ave
$2,080,000
4 bd · 3 ba · 3,064 sqft · $679/sqft · 22 days on market
Sold Oct 22, 2026 · 99% of list
535 Island Rd
$2,480,000
4 bd · 3 ba · 3,239 sqft · $766/sqft · 30 days on market
Sold Oct 16, 2026 · 95.4% of list
2353 Windsor Rd
$1,750,000
4 bd · 3 ba · 3,454 sqft · $507/sqft · 14 days on market
Sold Oct 15, 2026 · 100% of list
2090 Mcneill Ave
$1,775,000
5 bd · 3 ba · 2,920 sqft · $608/sqft · 126 days on market
Sold Oct 15, 2026 · 98.6% of list
2409 Currie Rd
$1,275,000
2 bd · 1 ba · 1,363 sqft · $935/sqft · 187 days on market
Sold Oct 15, 2026 · 87.9% of list
916 Monterey Ave
$1,740,000
4 bd · 2 ba · 2,899 sqft · $600/sqft · 43 days on market
Sold Oct 1, 2026 · 96.7% of list
2112 Pentland Rd
$1,433,000
5 bd · 3 ba · 2,385 sqft · $601/sqft · 33 days on market
Sold Sep 29, 2026 · 95.7% of list
2425 Oak Bay Ave
$2,488,000
4 bd · 4 ba · 3,033 sqft · $820/sqft · 8 days on market
Sold Sep 24, 2026 · 100% of list
1074 Oliver St
$2,325,000
6 bd · 4 ba · 4,289 sqft · $542/sqft · 19 days on market
Sold Sep 24, 2026 · 96.9% of list
2631 Margate Ave
$2,600,000
4 bd · 4 ba · 3,096 sqft · $840/sqft · 52 days on market
Sold Sep 24, 2026 · 93% of list
901 Victoria Ave
$1,020,000
5 bd · 1 ba · 2,435 sqft · $419/sqft · 53 days on market
Sold Sep 22, 2026 · 95% of list

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Purchase price

Down payment

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Amortization (years)

Newly built / new constructionAdds 5% GST. Eligible for the Newly Built PTT exemption (≤ $1.1M full, partial to $1.15M).First-time home buyerEligible for the First-Time PTT exemption (≤ $835K full, partial to $860K). Only one exemption can apply per purchase.

Estimate

Monthly mortgage

—

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Loan amount

$2,890,000 − $578,000

$2,312,000

Down payment

20.0%

$578,000

Property Transfer Tax

$64,700

Legal / closing (est.)

$1,500

Cash to close

$644,200

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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964 Newport Ave

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About this home

Property details

Price history

How this listing compares

Current market in South Oak Bay

Assessment

Local price trend

Recent nearby sales

What would this home cost?

Want a real rate?

More on this listing

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