South Oak Bay, Oak Bay · MLS® 1052064
332
1,749 sq ft · Townhouse · Single Family · built 2026 · 16 days on market
listed by Michael Colwill, Alexandrite Real Estate Ltd.
Winner of a 2026 Gold CARE Award, this is the last available home at Willow Lane, a three-home enclave on one of South Oak Bay’s most sought-after streets. This 3-bedroom plus den residence features a dining room with 18-foot ceilings and a built-in wine bar, along with hardwood floors, custom millwork, and glass railings. A multi-panel sliding door opens the main living area fully to a private west-facing garden, giving you easy indoor-outdoor living with great afternoon sun. The primary suite has a 4-piece ensuite with soaker tub and its own west-facing deck for evening sunsets. The home is very private and EV ready. With the other two homes sold, this is the only remaining opportunity to buy at Willow Lane. Book your private viewing today.
20% down at 4.44% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $6,597 · strata $280 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 3+ bedroom in Oak Bay: CMHC's average there ($2,909) raised by what new tenants pay against everyone in the Victoria area, then down 6.2% with Victoria's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Catchment schools, Greater Victoria School District 61
1.6 km away · 1824 Fairfield Rd, Victoria · 250-598-5191
500 m away · 851 Monterey Ave, Victoria · 250-598-4589
1.5 km away · 2121 Cadboro Bay Rd, Victoria · 250-598-3361
From the Greater Victoria School District 61's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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Townhouses in Oak Bay. Sale prices register 1 to 3 months after a sale closes.
Walkability 64/100 · Walkable: many errands on foot
Within a 10 minute walk: 3 cafes, 10 parks and playgrounds, 2 schools, 17 transit stops.
mihom score from OpenStreetMap places, by straight line distance.