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Renanza Realty
For sale

1387 St. David St

Oak Bay, British Columbia

MLS® 1049197

$3,500,000

Status
Active
Property type
House
MLS® number
1049197
Bedrooms
4
Bathrooms
4
Year built
1941

Listing description

OPEN HOUSE Sun Nov 8, 2PM - 3. 30PM A distinguished South Oak Bay residence featuring two legal dwellings with separate civic addresses (1387 & 1389 St. David), offering exceptional privacy, generous proportions and timeless character on a beautifully landscaped .

3-acre lot. A rare opportunity combining refined living, versatility and long-term value in one of Oak Bay's most desirable neighbourhoods. The detached 630 sqft Accessory Dwelling Unit (ADU) is fully permitted and holds a formal Occupancy Certificate from Oak Bay, a significant distinction that makes this property exceptionally difficult to replicate.

Creating a second legal dwelling of this calibre in Oak Bay can involve years of permitting and neighbour consultation, with construction costs estimated to exceed $500K today. All of that work is already complete. Ideal for multigenerational living, in laws, a nanny, a home-based practice, or as a potential income property generating approximately $2,400/month.

The thoughtfully finished space includes a custom kitchen, full bathroom, radiant heating and heat pump A/C. The principal residence has been thoughtfully enhanced with approximately $220K in upgrades completed in 2023, blending timeless character with modern comfort. The beautifully appointed kitchen features a Wolf gas range and double convection ovens, complemented by engineered oak herringbone flooring, custom French doors, elegant wall panelling and two fireplaces.

Further improvements include zoned heating, upgraded insulation, a new NTI on-demand boiler and hot water tank, enhancing both comfort and long-term livability. Mature gardens create a private and tranquil setting, with a sheltered rear patio for outdoor enjoyment. Ideally situated within walking distance of Oak Bay Village, its restaurants, cafes, shops and nearby beaches.

An exceptional offering that brings together character, thoughtful upgrades and the rare flexibility of two fully legal residences..

Property summary

MLS® number
1049197
Property type
Single Family
Building type
House
Square footage
4,350 sq ft
Title
Freehold
Land size
13000 square feet
Built in
1941
Annual property taxes
$13,896.84
Parking
3 spaces · Garage
Days on market
57 days

Features & details

Heating
Natural gas, Wood, Hot Water, Other
Cooling
None
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave, Freezer
Lot features
Central location, Level lot, Private setting, Southern exposure, Other, Marine Oriented
Architectural style
Character, Contemporary

What would this home cost you?

Based on the $3,500,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$16,285 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of The Agency, Victoria.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.