2 1040 St. Louis St

South Oak Bay, Oak Bay · MLS® 1052070

332

1,765 sq ft · Townhouse · Single Family · built 2027 · 14 days on market

listed by Nick Wise, Alexandrite Real Estate Ltd.

realtor's description

New townhome in South Oak Bay, one of just four built by award-winning Villamar Construction, steps from Windsor Park and a short stroll to Oak Bay Marina and the Village. 1,765 sq ft over three levels with 3 beds plus a flex room and 2.5 baths. The main floor has 9-ft ceilings, a bay window in the living room, a kitchen with island seating and pantry, a dining area with coffee bar, and a powder room, opening to a private, fenced, west-facing yard and patio. Upstairs: a primary bedroom with bay window, walk-in closet and ensuite with soaker tub and separate shower, two more bedrooms, a main bath and laundry. The lower level has a flex room, bike/storage room and a 25-ft garage with workbench, plus driveway parking. Concrete (ICF) walls between homes, elevator rough-in on all three floors, heat pump with A/C and 2-5-10 new home warranty. Expected completion spring 2027. Check the Multimedia link for more information.

property details

type: Townhouse, Single Family
bedrooms: 3
bathrooms: 3
living area: 1,765 sq ft
parking: 2
year built: 2027
strata rules: Pets Allowed
days on market: 14
MLS®: 1052070

features

Other
Marine Oriented
Family Oriented
Pets Allowed
Washer
Refrigerator

the market here

listed now: 28 days; median for 19 townhouses for sale; this one 14 days

Townhouses in Oak Bay. Sale prices register 1 to 3 months after a sale closes.

property tax by year

year	assessed	est. tax
2026	$1,666,000	$9,126

Estimate: the BC Assessment value times Oak Bay's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

monthly cost

$7,257/mo

Mortgage $7,257

20% down at 4.44% fixed (Ratehub.ca), 25 years.

estimated payment

$7,257/ monthly

loan $1,319,200

25-year amortization

down payment20% · $329,80020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 29, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $858,043
property transfer tax: $30,980; BC general rate
cash to close: $360,780; down + PTT
total paid: $2,177,243

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.