For sale

C$5,745,000

261 King George Ter, Oak Bay, BC V8S 2J8

5beds

5baths

6,061sqft

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Single Family Residence

Built in 1933

0.84 Acres Lot

$-- Zestimate^®

C$948/sqft

C$-- HOA

What's special

South-facing waterfront estateBeautifully landscaped backyardSpacious kitchenPrincipal suiteFull-height walk-out basementPristine groundsDual driveways

NEW PRICE $5,745,000 Experience timeless elegance at 261 King George Terrace, a remarkable south-facing waterfront estate in Oak Bay's prestigious Gonzales neighbourhood. Built in 1933 and set on over 0.8 acres, this exquisite home boasts panoramic views of the ocean, Trial Islands, and Olympic Mountains from nearly every room. Watch whales from your beautifully landscaped backyard, framed by incredible natural rockwork. Inside, the home offers the flexibility of one-level living on the main floor featuring a spacious kitchen, formal dining and living room, principal suite, and more—making everyday living exceptionally convenient. Downstairs, a full-height walk-out basement expands your options with additional living space that opens into pristine grounds. Dual driveways each lead to their own detached double garage. With its historic charm, thoughtful layout, and spectacular setting, this is a rare opportunity to own one of Victoria’s most iconic seaside estates.

93 days

215

6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5
Main level bathrooms: 2
Main level bedrooms: 1

Kitchen

Level: Main

Heating

Hot Water, Natural Gas

Cooling

None

Appliances

Included: Built-In Range, Dishwasher, Dryer, F/S/W/D, Freezer, Microwave, Oven Built-In, Range Hood, Refrigerator, Washer
Laundry: Inside

Features

Dining Room, Dining/Living Combo, Eating Area, Storage, Workshop
Flooring: Carpet, Hardwood, Linoleum, Tile
Basement: Finished,Full,Walk-Out Access,With Windows
Number of fireplaces: 2
Fireplace features: Family Room, Gas, Living Room

Interior area

Total structure area: 6,061
Total interior livable area: 6,061 sqft

Property

Parking

Total spaces: 8
Parking features: Detached, Driveway, Garage Quad+, On Street
Garage spaces: 4
Has uncovered spaces: Yes

Features

Entry location: Main Level
Patio & porch: Balcony/Patio
Exterior features: Garden, Lighting
Fencing: Fenced
Has view: Yes
View description: Mountain(s), Ocean
Has water view: Yes
Water view: Ocean
Waterfront features: Ocean Front

Lot

Size: 0.84 Acres
Features: Easy Access, Family-Oriented Neighbourhood, Level, Marina Nearby, Near Golf Course, Quiet Area, Rectangular Lot, Shopping Nearby, Southern Exposure

Details

Additional structures: Workshop
Parcel number: 012456977
Zoning: R-3
Zoning description: Residential

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Concrete, Stone
Foundation: Concrete Perimeter
Roof: Asphalt Shingle

Condition

Contact List Licensee
Year built: 1933

Utilities & green energy

Water: Municipal

Community & HOA

Community

Features: Family-Oriented Neighbourhood
Security: Security System

Location

Region: Oak Bay

Financial & listing details

Price per square foot: C$948/sqft
Tax assessed value: C$5,619,000
Annual tax amount: C$33,870
Date on market: 4/8/2026
Ownership: Freehold
Road surface type: Paved

Jason Binab Personal Real Estate Corporation

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Price history

Date	Event	Price
5/26/2026	Price change	C$5,745,000-4.2%C$948/sqft
Source: VIVA #1030570 Report a problem
4/8/2026	Listed for sale	C$5,995,000C$989/sqft
Source: VIVA #1030570 Report a problem