🏡 Buying in Oak Bay: A Guide to Victoria’s Timeless Coastal Gem
If you're dreaming of tree-lined streets, charming heritage homes, and ocean views just minutes from downtown Victoria, Oak Bay might be exactly what you're looking for. Known for its timeless character and village-like atmosphere, Oak Bay is one of the most sought-after communities on Vancouver Island.
Whether you're relocating, upsizing, or downsizing, here's your insider's guide to buying in Oak Bay — including a breakdown of the neighbourhoods that make it so special and what you can expect to pay.
🌳 Why Oak Bay?
Oak Bay is a municipality of approximately 18,000 residents with a unique blend of historic charm, natural beauty, and refined coastal living. It boasts:
Excellent public and private schools
Some of Victoria’s most prestigious properties
Beaches, parks, and golf courses within walking distance
Oak Bay Village: a walkable shopping/dining destination
Active arts, culture, and tennis/golf scenes
🗺️ Oak Bay Neighbourhoods at a Glance
1. South Oak Bay
📍 South of Oak Bay Avenue, stretching toward the ocean
If you’re looking for leafy streets, character homes, and a short walk to the beach or Victoria Golf Club, South Oak Bay is the classic heart of the community. Homes range from stately 1910s Tudors to renovated mid-century ranchers.
💰 Typical Price Range:
Entry-level (renovation needed): $1.4M–$1.6M
Updated homes: $1.7M–$2.2M
Oceanfront or large lots: $3M+
🎯 Ideal for: Professionals, downsizers, and families who value charm and community.
2. Uplands
📍 Between Cadboro Bay Road & Beach Drive
Uplands is Oak Bay’s most exclusive enclave — a master-planned estate neighbourhood with sprawling lots, mature trees, and a mix of heritage mansions and modern luxury builds.
💰 Typical Price Range:
Entry-level homes (often dated): $2.6M–$3.5M
Renovated/modern homes: $4M–$6M+
Oceanfront estates: *$7M–$12M+
🎯 Ideal for: Luxury buyers seeking privacy and prestige.
3. Estevan / Willows Beach Area
📍 North of Oak Bay Ave around Willows Beach
Estevan is a cozy seaside area known for its walkable village charm, Willows Beach access, and proximity to excellent schools. Homes here are a mix of 1920s craftsman bungalows and modern infills.
💰 Typical Price Range:
Character homes: $1.6M–$2.1M
Newer infill homes: $2.2M–$2.8M
Close-to-beach premium lots: $3M+
🎯 Ideal for: Young families and beach lovers who want convenience and charm.
4. Henderson
📍 Bordering the University of Victoria
This area features larger 1950s–1970s homes on quiet, treed streets with easy access to UVic and Camosun. It’s the most affordable part of Oak Bay (relatively speaking) and known for larger lots and peaceful streets.
💰 Typical Price Range:
Entry-level: $1.3M–$1.5M
Updated family homes: $1.6M–$1.9M
Larger lots or view properties: $2M+
🎯 Ideal for: Families and academics wanting space without the premium of South Oak Bay or Uplands.
💡 Tips for Buying in Oak Bay
Inventory is low, demand is high – be ready to move quickly.
Character home? Be prepared for heritage considerations and potential renovation rules.
Many homes sit on mature lots with oil tanks — get that covered in your due diligence.
Consider walkability — even within Oak Bay, proximity to the Village or the beach makes a big difference in lifestyle and pricing.
Final Thoughts
Oak Bay is more than a neighbourhood — it’s a lifestyle. Whether you’re strolling along Beach Drive, grabbing a coffee at Ottavio, or watching the sunrise at Willows Beach, the sense of community and calm here is unmatched.
If you’re considering making a move to Oak Bay or just want to learn more about what’s available, I’d be happy to help you navigate the market.
📞 Let’s chat about the right pocket of Oak Bay for your next chapter.
—
Dan Juricic | RE/MAX Camosun
Serving Victoria, Oak Bay, and Saanich
📱 250-514-8261 | 🌐 danjuricic.com