For Sale52d on market
578 Island Rd
Oak Bay, BC, V8S2T6 • V8S • Capital Regional District
$2,512,500
$716/sqft
Down payment assistance available
4Beds
4Baths
3,509Sqft
0.21 acLot
1996Built
Property DNA
Elkington Close
V8S
1 Fireplace
Wood Burning
2-Car Garage
Attached · Garage Double · Garage Door Opener
Wood Floors
Quality flooring throughout
Market activity
Demand and pricing signals for this listing
122 views
People checking out this listing
2 saves
Buyers have saved this home
52 days on market
Established listing
$716/sqft
Price per square foot
About this home
Single Family · Built 1996
Offered for the first time in over 30 years, this exceptional South Oak Bay residence is gracefully positioned on a quiet private cul-de-sac beside Anderson Hill Park. A timeless floorplan offers elegant formal living & dining rooms, a spacious open-concept kitchen & family room ideal for both everyday living & refined entertaining, & a sought-after main-floor primary bedroom. The upper level features three more bedrooms, including one with ensuite, a bonus room perfect for a media lounge or gamesroom. The basement provides excellent flexibility with plumbing in place for a future bathroom offering outstanding potential for a private guest suite. Set on a private, maturely landscaped lot with dbl car garage, this home is moments from Victoria Golf Club, Oak Bay Marina, waterfront walks, The Ave, boutique shopping, cafés, top schools including GNS, Monterey & Oak Bay. A rare opportunity to secure a distinguished family home in one of Victoria’s most prestigious coastal neighbourhoods.
Standout features identified
Our analysis highlights quiet private cul-de-sac, beside anderson hill park, and timeless floorplan as key attractions of this home.
Estimated monthly payment
Based on current rates
$16,401/month
Principal & Interest$13,037
Property Tax$2,513
Insurance$838
HOA$14
Down payment20% ($502,500)
3%50%
Est. 6.75% rate · 30yr fixed · $2,010,000 loan
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At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1996
HeatingBaseboard, Electric
CoolingNone
Parking2 Attached Garage spaces
HOAC$14 monthly
Lot9,147 sqft
Days on Zillow52 Days
Price/sqftC$716
Property
Home typeSingle Family
Sub-typeSingle Family Residence
ConditionResale
Year built1996
Systems
HeatingBaseboard, Electric
CoolingNone
RoofAsphalt Shingle
ConstructionStucco
Water / SewerMunicipal
Parking & Outdoor
ParkingAttached, Garage Double, Garage Door Opener
Garage2 spaces
BasementFull,Unfinished,Walk-Out Access
Fireplaces1
Lot9,147 sqft
Location & Tax
NeighborhoodV8S
Annual tax$11,747
Parcel017951721
Bathrooms & Fees
HOA$14/mo
Features & details
11 categories of property features
Interior Features
Interior
Dining Room
Eating Area
Appliances
Dishwasher
F/S/W/D
Flooring
Carpet
Wood
Heating
Baseboard
Electric
Cooling
None
Laundry
Inside
Fireplace
Wood Burning
Accessibility
Ground Level Main Floor
Exterior Features
Parking
Attached
Garage Double
Garage Door Opener
Construction
Stucco
Lot Features
Cul-De-Sac
Private
Room details
1 room detailed
Kitchen
MainListing insights
Market data and value estimates
StatusFor Sale
Days on market52
Est. rent$7,947/mo
Price/sqft$716
On marketFeb 12, 2026
PostedFeb 12, 2026
MLS updatedMar 27, 2026
Tour days6
Views122
Favorites2
How are the schools in Oak Bay?
1 school rated nearby
Location
Oak Bay, BC, V8S2T6
Price history
1 event
DateEventPrice$/sqftSource
Feb 12, 2026Listed For Sale$2,512,500$716VIVA
Listed For Sale$2,512,500
Feb 12, 2026•$716/sqft•VIVA
Nearby homes
Neighborhood details
Local context around this listing
Oak Bay, BC • Capital Regional District
Nearby cities
Central SaanichColwoodEsquimaltLangfordNorth SaanichOak BaySaanichSidney
Nearby zip codes
V8PV8RV8S
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Listing content Copyright 2026 Vancouver Island Real Estate Board & Victoria Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.
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