ApartmentCA$2,160,000
Oak Bay
2 bd 2 ba 142 m²
Oak Bay homes for sale: a Victoria-area buyer's guide
142 homes and apartments for sale in Oak Bay, Canada.
Photo: Yomex Owo / Unsplash
Properties for sale in Oak Bay
24 properties shown
Apartment
HouseCA$1,549,000
Oak Bay
4 bd 4 ba 179 m²
CA$1,875,000
Oak Bay
3 bd 3 ba 306 m²
CA$4,300,000
Oak Bay
4 bd 4 ba 414 m²
CA$2,100,000
Oak Bay
3 bd 3 ba 327 m²
CA$2,589,000
Oak Bay
4 bd 4 ba 358 m²
HouseCA$1,450,000
Oak Bay
3 bd 3 ba 135 m²
CA$1,795,000
Oak Bay
2 bd 2 ba 217 m²
HouseCA$1,249,000
Oak Bay
2 bd 3 ba 246 m²
ApartmentCA$649,900
Oak Bay
2 bd 2 ba 95 m²
ApartmentCA$389,900
Oak Bay
1 bd 1 ba 81 m²
ApartmentCA$895,000
Oak Bay
2 bd 2 ba 128 m²
HouseCA$1,550,000
Oak Bay
3 bd 4 ba 126 m²
CA$3,475,000
Oak Bay
6 bd 3 ba 418 m²
ApartmentCA$619,000
Oak Bay
1 bd 1 ba 81 m²
ApartmentCA$565,000
Oak Bay
2 bd 1 ba 95 m²
ApartmentCA$1,250,000
Oak Bay
2 bd 2 ba 157 m²
ApartmentCA$1,399,000
Oak Bay
2 bd 2 ba 162 m²
HouseCA$1,525,000
Oak Bay
3 bd 3 ba 176 m²
HouseCA$1,489,000
Oak Bay
3 bd 3 ba 175 m²
HouseCA$1,295,000
Oak Bay
2 bd 2 ba 192 m²
ApartmentCA$699,000
Oak Bay
3 bd 2 ba 148 m²
CA$7,249,000
Oak Bay
6 bd 7 ba 546 m²
HouseCA$1,075,000
Oak Bay
3 bd 2 ba 239 m²
Buyer's guide: Oak Bay
Oak Bay real estate is one of Greater Victoria's most established addresses, with a median asking price of €1,182,850 across 142 current listings. Homes here are large, leafy and mostly detached, and foreign buyers face tighter rules than in most countries.
Oak Bay in numbers
These are asking prices from live RealEstateAbroad listings, shown in euros. Half of the market asks between €862,675 and €1,754,999. The median home is a generous 271 m², and the median is €4,657 per m².
| Metric | Value |
|---|---|
| Listings | 142 |
| Median asking price | €1,182,850 |
| Middle 50% | €862,675 - €1,754,999 |
| Price per m² | €4,657 |
| Median size | 271 m² |
What you can buy
Detached houses account for 116 of 142 listings, with 19 apartments or condos and 7 plots. The bedroom mix leans family: 40 three-bedroom, 36 with five or more, 31 four-bedroom, 22 two-bedroom and only 5 one-bedroom. Condos are the entry route for smaller budgets, so browse apartments in Canada alongside houses.
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The district itself
Oak Bay sits on the south-east tip of Vancouver Island, a few kilometres from downtown Victoria. Oak Bay Village, the Uplands, and the waterfront at Willows Beach are the best-known pockets, and the area is known for older Tudor-style homes, mature gardens and a strong school catchment. The municipality is largely residential with little new development, which supports prices.
Neighbouring options include Saanich, Esquimalt, View Royal, and further west Colwood and Langford, which offer newer housing at different prices.
Rules foreign buyers must check
Canada's federal foreign-buyer ban on residential property runs to 1 January 2027, with no extension announced and a replacement framework reported. In British Columbia, a 20% foreign buyer tax also applies in the Capital Regional District, which includes Oak Bay. Exemptions exist for some work permit holders and others, so speak to a BC lawyer before making an offer.
Our Canada buying guide and mortgage guide cover the process, and the Canada page lists other cities.
Last updated 8 October 2026
Buying property in Oak Bay: FAQ
Can a foreigner buy in Oak Bay?
Federal restrictions apply until 1 January 2027, and BC's 20% additional tax covers the Victoria region. Exemptions are limited, so take legal advice first.
Why are Oak Bay homes so large?
Many are older family houses on generous lots, and the median home in our listings measures 271 m².
Is there much new construction?
Very little, because the municipality is mostly built out, which keeps supply tight.
What are the cheaper ways in?
Condos, of which there are 19 in our listings, and nearby municipalities like Esquimalt or Langford.
Do I need a home inspection?
Yes, especially on older houses where wiring, drainage and oil tanks can be costly.
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