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987 Beach Dr

$3,250,000

South Oak Bay

Detached3 bd · 3 ba · 3,030 sqftBuilt 1950$1,073/sqft5 days on market

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About this home

12,632 Square Foot South Oak Bay Waterfront Lot with a Cape Cod Character dwelling. This bright and charming home has three bedrooms upstairs and the flexibility to have a master bedroom on the main floor. Unobstructed views of the San Juan Islands, Salish Sea, Ten Mile Pt, and coastal mountain range. A couple of steps from your front door and you can experience the best golf course in Canada, the Victoria Golf Club. Enjoy having neighbours like the Oak Bay Marina and Oak Bay Beach Hotel. The perfect lifestyle with outdoor pursuits such as fishing, whale watching, and paddle boarding all within arms reach. Surrounded by some of the most prestigious homes on Vancouver Island. (id:65179)

Property details

From the listing's public record.

Lot size

12,632 square feet

Year built

1950

Taxes

$17,548/yr

Zoning

Residential

View

Mountain viewOcean view

Waterfront

Waterfront on ocean

Heating

ElectricPropaneHot Water

Lot

Central locationIrregular lot sizeMarine Oriented

Price history

10 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

Sep 14, 2026
Listed $3,250,000
Active5 days on marketMLS 1049601
Apr 10, 2026
Listed $3,400,000
Ddf_delisted68 days on marketMLS 1031688
Jan 20, 2026
Listed $3,500,000
Expired79 days on marketMLS 1023587
Aug 1, 2023
Listed $3,799,000
Cancelled56 days on marketMLS 938958
Nov 17, 2021
Listed $4,000,000
Expired287 days on marketMLS 890101
Aug 17, 2020
$2,150,000
Sold57 days on marketMLS 838101
Jan 31, 2020
$2,250,000
Sold92 days on marketMLS 825677
Jul 19, 2019
Listed $2,495,000
Cancelled68 days on marketMLS 820577
May 7, 2019
Listed $3,000,000
Cancelled119 days on marketMLS 813412
Jan 18, 2019
Listed $3,000,000
Cancelled149 days on marketMLS 804392

How this listing compares

Based on 79 sales in South Oak Bay

Median sold

$1,885,000

Avg days on market

46 days

Avg sale-to-list

97.6%

Avg $/sqft

$707

Price per square foot

This home: $1,073/sqft·Area average: $707/sqft

Above area average

Current market in South Oak Bay

Active (same type)

Pending

All active listings

Months of supply

5.3

Balanced market — 5.3 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$3,149,000

Homes in Oak Bay sell at 165.3% of assessed value on average.

Based on 184 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 sales

1217 Hewlett Pl
$2,600,000
4 bd · 5 ba · 3,052 sqft · $852/sqft · 22 days on market
Sold Aug 6, 2026 · 96.3% of list
1262 Roslyn Rd
$1,705,000
4 bd · 3 ba · 2,050 sqft · $832/sqft · 15 days on market
Sold Aug 4, 2026 · 95.3% of list
554 Beach Dr
$3,125,000
4 bd · 4 ba · 4,515 sqft · $692/sqft · 30 days on market
Sold Jul 31, 2026 · 94.8% of list
671 Linkleas Ave
$1,800,000
3 bd · 2 ba · 1,747 sqft · $1,030/sqft · 13 days on market
Sold Jul 29, 2026 · 102.9% of list
2175 Granite St
$2,750,000
3 bd · 4 ba · 2,577 sqft · $1,067/sqft · 57 days on market
Sold Jul 27, 2026 · 96.8% of list
905 Deal St
$2,150,000
5 bd · 3 ba · 3,639 sqft · $591/sqft · 74 days on market
Sold Jul 27, 2026 · 97.8% of list
449 Victoria Ave
$1,570,000
5 bd · 3 ba · 3,217 sqft · $488/sqft · 22 days on market
Sold Jul 16, 2026 · 95.2% of list
590 Island Rd
$2,850,000
4 bd · 4 ba · 3,585 sqft · $795/sqft · 5 days on market
Sold Jul 15, 2026 · 106.5% of list
990 Hampshire Rd
$1,145,000
4 bd · 2 ba · 2,266 sqft · $505/sqft · 15 days on market
Sold Jul 10, 2026 · 97.4% of list
945 Falkland Rd
$1,362,500
4 bd · 2 ba · 3,582 sqft · $380/sqft · 48 days on market
Sold Jul 10, 2026 · 97.7% of list
865 St. Patrick St
$1,502,000
4 bd · 3 ba · 2,951 sqft · $509/sqft · 9 days on market
Sold Jul 2, 2026 · 102% of list
575 St. Patrick St
$3,704,000
4 bd · 4 ba · 4,461 sqft · $830/sqft · 10 days on market
Sold Jun 30, 2026 · 93.8% of list

What would this home cost?

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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

$3,250,000 − $650,000

$2,600,000

Down payment

20.0%

$650,000

Property Transfer Tax

$80,500

Legal / closing (est.)

$1,500

Cash to close

$732,000

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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987 Beach Dr

Interested in this home?

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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