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.
For sale
C$5,745,000
261 King George Ter, Oak Bay, BC V8S 2J8
5beds
5baths
6,061sqft
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
- 140 days |
- 311 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Jason Binab Personal Real Estate Corporation,
The Agency
Source: VIVA,MLS®#: 1030570
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
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$989/sqft |
Source: VIVA #1030570 Report a problem | ||
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: V8S
Nearby schools
GreatSchools rating
- NAGriffin Bay SchoolGrades: K-12Distance: 16.2 mi
- 9/10Friday Harbor High SchoolGrades: 9-12Distance: 16.2 mi
- 6/10Friday Harbor Elementary SchoolGrades: K-5Distance: 16.2 mi
- C$---- bd-- ba-- sqft285 King George Ter, Oak Bay, BC V8S2J8Off Market
- C$2,490,0004 bd5 ba3.8k sqft250 King George Ter, Oak Bay, BC V8S2K2For Sale
- C$---- bd-- ba-- sqft249 King George Ter, Oak Bay, BC V8S2J8Off Market
- C$5,349,0004 bd6 ba4.2k sqft231 Hidden Point, Oak Bay, BC V8S2J8For Sale
- C$6,500,0004 bd4 ba3.6k sqft295 King George Ter, Oak Bay, BC V8S2J8For Sale
- C$2,699,0008,712 sqft291 King George Ter #A, Oak Bay, BC V8S2J8New Construction
- C$3,650,0002 bd3 ba2.1k sqft309 King George Ter, Oak Bay, BC V8S2J8For Sale
- C$2,499,0003 bd3 ba2.9k sqft335 King George Ter, Oak Bay, BC V8S2J8For Sale
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