
North Oak Bay
Avg. Sale PriceSingle Family (6 mo)
$985,000
Price RangeActive Residential
$775,000 - $1.45M
Neighborhood Overview
North Oak Bay is a peaceful established neighborhood bordering the University of Victoria and Saanich, offering family-friendly living with excellent schools, parks, and convenient access to regional amenities. This area features predominantly single-family homes from the 1950s through 1980s on generous lots, providing excellent value for buyers seeking Oak Bay's quality of life, educational reputation, and community character at more moderate price points.
Why Buyers Choose North Oak Bay
North Oak Bay is the rational choice for buyers who want the Oak Bay school catchment and the municipal quality of life but are not paying a premium for ocean proximity. The UVic connection is real and persistent: faculty, postdocs, and senior staff choose this neighbourhood specifically because the commute is short and the lots are large enough to justify the ownership cost relative to Saanich East alternatives. For families comparing North Oak Bay to Gordon Head or Cadboro Bay, the Oak Bay municipal services, parks maintenance, and school culture are the differentiating factors. The Lochside Regional Trail corridor runs through the northern edge of this subarea, which creates an active transport option to Saanich and Sidney that buyers who cycle or run specifically seek out.
Typical Homes in North Oak Bay
North Oak Bay's housing stock runs from the 1950s to the 1980s, which gives it a more pragmatic residential character than the 1920s and 1930s prestige neighbourhoods to the south. Lots tend to be larger than the Esquimalt or Fairfield average, and many have been subdivided or have secondary suite potential under SSMUH rules. Entry-level properties from $775,000 are typically original-condition homes on generous lots that have not been updated since the 1980s. The most common transaction range is $950,000 to $1.25 million for homes that have been updated with modern systems and finishes but retain their original footprint. Fully renovated or rebuilt homes on premium lots near Carnarvon Park or the trail corridors approach $1.45 million.
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1580 Beach Dr, Oak Bay BC V8R 6H8
Oak Bay
4 bed · 6.0 bath · 7,787 sf · 7 days
Courtesy of The Agency
MLS®
2655 Shady Lane, Oak Bay BC V8R 6T6
Oak Bay
5 bed · 5.0 bath · 4,529 sf · 98 days
Courtesy of Sotheby's International Realty Canada
MLS®
1630 York Pl, Oak Bay BC V8R 5X2
Oak Bay
5 bed · 6.0 bath · 7,082 sf · 92 days
Courtesy of Sutton Group West Coast Realty
MLS®
2717 Somass Dr, Oak Bay BC V8R 1R7
Oak Bay
5 bed · 4.0 bath · 3,859 sf · 3 days
Courtesy of Rennie & Associates Realty Ltd.
MLS®
1660 Hampshire Rd, Oak Bay BC V8R 5T6
Oak Bay
3 bed · 3.0 bath · 2,294 sf · 57 days
Courtesy of Newport Realty Ltd.
MLS®
1697 Yale St, Oak Bay BC V8R 5N5
Oak Bay
3 bed · 2.0 bath · 1,266 sf · 84 days
Courtesy of The Agency
MLS®Pending Homes in North Oak Bay
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Featured Listings

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