A 291 King George Terr

Gonzales, Oak Bay · MLS® 1034495

8,848 sq ft lot · Land · Vacant Land · 178 days on market

listed by Nick Wise, Alexandrite Real Estate Ltd.

realtor's description

Only one lot remains! This is the final opportunity to secure a spectacular freehold oceanfront home site in one of Canada's most cherished neighbourhoods. Located on a very quiet cul-de-sac and perched prominently above the waters of McNeill Bay. Enjoy incredible views of wildlife and constant marine activity as well as the Trial Islands and the Olympic Mountains . Spectacular modern design by BoForm will be brought to life by the multiple award winning Christopher Developments. Be sure to visit project website for more detail.

property details

type: Land, Vacant Land
lot: 8,848 sq ft
parking: 2
days on market: 178
MLS®: 1034495

features

Central location
Cul-de-sac
Hillside
Sloping
Other
Marine Oriented

floor plans

found among the listing photos.

the market here

listed now: 178 days; median for 5 homes for sale; this one 178 days

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

monthly cost

$11,879/mo

Mortgage $11,879

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

estimated payment

$11,879/ monthly

loan $2,159,200

25-year amortization

down payment20% · $539,80020%+ 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: $1,404,402
property transfer tax: $58,970; BC general rate
cash to close: $598,770; down + PTT
total paid: $3,563,602

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.

location

lot outline: 829 m² (8,923 sq ft) · PID 032-407-149. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Gonzales, Oak BayGoogle Maps ↗

schools

Catchment schools, Greater Victoria School District 61

Elementary Margaret Jenkins Elementaryhomes in this catchment
1.2 km away · 1824 Fairfield Rd, Victoria · 250-598-5191
Middle Monterey Middlehomes in this catchment
1000 m away · 851 Monterey Ave, Victoria · 250-598-4589
Secondary Oak Bay Highhomes in this catchment
2.3 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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