Development Potential in Henderson
If you are evaluating what a property in Henderson may support, start with the SSMUH and Bill 44 guide and the Bill 44 density guide. For a property-specific starting point, use the Development Potential assessment tool Thinking about selling in Henderson? Get a valuation that includes what your lot could support. There is also a dedicated guide to Oak Bay zoning and SSMUH rules.

Henderson
Avg. Sale PriceSingle Family (6 mo)
$1,095,000
Price RangeActive Residential
$825,000 - $1.65M
Neighborhood Overview
Henderson is a charming residential neighborhood in northern Oak Bay, characterized by quiet tree-lined streets, well-maintained character homes, and a strong family-oriented atmosphere. This centrally located area offers excellent value within Oak Bay, with properties providing the prestigious Oak Bay address, top-rated schools, and community amenities at more accessible price points compared to waterfront neighborhoods.
Why Buyers Choose Henderson
Henderson is where most Oak Bay families actually buy, as opposed to where they aspire to buy. The school access is identical to the waterfront neighbourhoods, the Henderson Recreation Centre is the community hub that ties the area together, and the walkability to Oak Bay Village is genuine rather than aspirational. Lots in Henderson tend to be larger than in Estevan and Gonzales, which matters for families who want a proper backyard, off-street parking, and space to extend. The price gap between Henderson and the waterfront subareas creates an entry point into Oak Bay's school catchment and long-term appreciation track without the seven-figure premium that Estevan or South Oak Bay commands.
Typical Homes in Henderson
Henderson's housing stock is predominantly detached single-family homes built between the 1920s and 1960s: character homes with hardwood floors, larger lot footprints, and the established tree canopy that defines Oak Bay's residential character. Entry-level properties start from $825,000 for smaller character homes that retain original features and present renovation potential. Updated family homes on generous lots trade from $1.1 million to $1.4 million. The upper end of the Henderson market, approaching $1.65 million, reflects fully renovated or rebuilt homes on premium lots within walking distance of Oak Bay Village. Strata options in Henderson are limited, reinforcing the family-owner demographic that gives the neighbourhood its stability.
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3656 Cadboro Bay Rd, Oak Bay BC V8R 5K8
Oak Bay
4 bed · 3.0 bath · 2,713 sf · 52 days
Courtesy of Engel & Volkers Vancouver Island
MLS®
3311 Gibbs Rd, Oak Bay BC V8P 4Y5
Oak Bay
3 bed · 3.0 bath · 2,493 sf · 53 days
Courtesy of The Agency
MLS®
3294 Henderson Rd, Oak Bay BC V8P 5A6
Oak Bay
0.0 bath · 45 days
Courtesy of Royal LePage Coast Capital - Oak Bay
MLS®
3331 Woodburn Ave, Oak Bay BC V8P 5B8
Oak Bay
4 bed · 3.0 bath · 3,367 sf · 64 days
Courtesy of The Agency
MLS®
2134 Neil St, Oak Bay BC V8R 3E4
Oak Bay
6 bed · 3.0 bath · 2,788 sf · 73 days
Courtesy of Century 21 Queenswood Realty Ltd.
MLS®
3080 Oakdowne Rd #2, Oak Bay BC V8R 5N9
Oak Bay
3 bed · 3.0 bath · 1,703 sf · 72 days
Courtesy of RE/MAX Camosun
MLS®Pending Homes in Henderson
Nearby Neighborhoods
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