Oak Bay Homes under $1.25 million

Welcome to Oak Bay, a picturesque gem nestled on the southern tip of Vancouver Island in British Columbia. Known for its stunning coastal views, charming streets, and a vibrant community, Oak Bay offers an idyllic lifestyle that perfectly balances tranquility and convenience. With its rich cultural heritage, residents enjoy a plethora of local amenities, including boutique shops, delightful cafes, and a variety of recreational activities.

One of the most appealing aspects of living in Oak Bay is the diverse selection of homes available, particularly those priced under $1.25 million. This price point opens the door to a range of beautiful properties, from quaint character homes to modern builds, each with its unique charm and appeal. Whether you’re looking for a cozy bungalow or a stylish townhouse, Oak Bay has something for everyone, making it an ideal place for first-time homebuyers, families, and retirees alike.

The community is renowned for its excellent schools, lush parks, and picturesque waterfront, providing ample opportunities for outdoor enthusiasts to explore nature and enjoy the stunning scenery. The Oak Bay Marina, with its breathtaking views of the ocean and the nearby Gulf Islands, is a favorite spot for sailing and kayaking.

Living in Oak Bay means embracing a lifestyle filled with community spirit and natural beauty. With homes under $1.25 million, you can find your perfect sanctuary in this charming coastal enclave. Come and discover why Oak Bay is not just a place to live, but a place to thrive!

Newest Oak Bay Homes under $1.25 million

$700,000

2 Beds ⋅ 2 Baths ⋅ 1050973 MLS ⋅ Tod House BLDG.

Downsizing made easy in unit 302 at Tod House in Oak Bay. This bright 2-bedroom, 2-bathroom corner suite offers 1,137sqft of living space, plus 215sqft. of enclosed patio area. A spacious entry welcomes you with laminate flooring throughout. The renovated kitchen features quartz countertops, maple shaker cabinets, quality appliances, a ceramic backsplash and a bar opening into the dining and living areas. Large windows fill the home with natural light, while a cozy wood-burning fireplace anchors the living room. Two sliding glass doors lead to the southeast-facing enclosed patio. Tucked down the hall, the primary bedroom offers a 4-piece ensuite and three closets. The second bedroom sits across from the 3-piece main bath. Covered parking and a huge storage locker add convenience in this well-maintained, non-smoking, 55+ steel-and-concrete building. Enjoy a walkable lifestyle steps from Oak Bay Village, Monterey Centre, the library, groceries, and cafés. See media links for more info!

2323 Hamiota St Unit ##302, Oak Bay

Courtesy of NAI Commercial (Victoria) Inc.

$1,198,000

3 Beds ⋅ 3 Baths ⋅ 1051385 MLS

A rare opportunity to enter the Oak Bay market.This boutique collection of four custom high-performance ICF homes in Estevan is thoughtfully designed for families & discerning buyers seeking long-term livability and unmatched quality. The three-level residence offers 3 bedrooms, 3 bathrooms plus a den,w 3 bedrooms on the upper level including a primary suite w spa-inspired ensuite,zero-edge shower,& custom walk-in closet.The open main floor features a custom kitchen w South Shore millwork & panel-ready Fisher Paykel appliances,flowing to private outdoor patios with gas-ideal for everyday living and entertaining. A ground-level flex space w exterior access adapts easily as an office,playroom,gym,or guest bedroom.Built with energy-efficient ICF construction for comfort and durability.Each home includes a private garage with epoxy floors, EV charging& hot/cold exterior water.Walk to Willows Beach,Estevan Village& Oak Bay Avenue for a lifestyle that defines enduring Oak Bay value.

2268 Bowker Ave Unit ##3, Oak Bay

Courtesy of RE/MAX Camosun

$1,195,000

3 Beds ⋅ 4 Baths ⋅ 1051057 MLS

*OPEN HOUSE THIS SATURDAY 12-1:30PM* - Brand-new contemporary living in one of Victoria’s most sought-after neighbourhoods. This 3 bed, 3.5 bath South Oak Bay townhome offers 1,497 sqft across 3 well-planned levels, balancing open living with excellent separation and privacy. Step inside the no-step main-level entry to a bright, welcoming living space framed by expansive windows. At its centre, the kitchen features quartz surfaces, a generous island and premium Bosch appliances, with an easy connection to the dining area and living room with electric fireplace. The 2nd floor is designed with versatility, offering 2 generous bedrooms, including one with an ensuite, a separate full bath and built-in laundry. The primary suite enjoys the entire upper level, with oversized windows, an impressive walk-in closet and private 4-piece ensuite. Heat pump heating & cooling, dedicated parking with EV rough-in, and a superb South Oak Bay location round out this beautifully executed new residence.

2118 Pentland Rd Unit ##3, Oak Bay

Courtesy of Engel & Volkers Vancouver Island

$499,000

2 Beds ⋅ 1 Baths ⋅ 1049644 MLS ⋅ Marquee Court BLDG.

RARE 2 Bedroom unit for sale at the Marquee Court in the heart of Oak Bay Village area. One of only 3 two bedroom units in the building. Suite #301 is very bright due to its NW exposure. Two bedrooms/1 bath, large living/dining area & a functional gally kitchen with good storage. You will be surprised how large the deck is too! The building has new windows (2022 ) refreshed lobby & an updated elevator system. Affordable living in Oak Bay does exist! This unit comes with a large storage locker, access to shared laundry & one off street parking stall. You're steps away from all the amenities you might need from coffee shops, restaurants, banking, pharmacies & grocery stores. Strata fee includes heat & hot water. One cat allowed. Make the time to view this bright NW corner unit right on Oak Bay Avenue. (Some photographs are virtually staged)

2095 Oak Bay Ave Unit ##301, Oak Bay

Courtesy of RE/MAX Camosun

$599,900

1 Beds ⋅ 2 Baths ⋅ 1051080 MLS ⋅ Hampshire House BLDG.

This immaculate 1-bedroom, 2-bathroom main-floor condo offers a rare blend of bright, turnkey convenience and house-like spaciousness on the highly sought-after Oak Bay waterfront. Step inside this bright, well-appointed suite to find an exceptional floor plan featuring floor-to-ceiling windows that beautifully frame the surrounding natural beauty. Elevated just three steps above the gracious front lobby, the wide and expansive layout provides a welcoming flow through the principal rooms—perfect for entertaining. The oversized primary bedroom serves as a private retreat, complete with its own dedicated ensuite bathroom. Positioned on the peaceful south side of the building. The main windows look out onto an immersive view of the lush, mature gardens, while the side window, bedroom door, and private patio offer stunning easterly views of the ocean and Mount Baker. Rarely do units of this caliber and layout become available in this prestigious location. Call your Realtor

1159 Beach Dr Unit ##407, Oak Bay

Courtesy of Royal LePage Coast Capital - Chatterton

$745,000

2 Beds ⋅ 2 Baths ⋅ 1050708 MLS ⋅ Goodwin Manor BLDG.

Fantastic value in the heart of South Oak Bay! Tucked away on a quiet, one-block street, Goodwin Manor is a well-cared-for steel and concrete building in an unbeatable location. This rare top-floor, east-facing 2-bedroom, 2-bathroom home has been thoughtfully refreshed with a new kitchen, new flooring, fresh paint, and numerous other updates. The open, airy floor plan brings plenty of natural light into the main living spaces, with lovely ocean views to enjoy from inside and from the generous sundeck. The primary bedroom offers a walk-in closet and a large walk-in shower. You’ll also appreciate in-suite laundry, separate storage, and secure underground parking. The building reflects genuine pride of ownership, supported by an engaged strata council. Just off Beach Drive, you’re close to the Victoria Golf Club, Windsor Park, Oak Bay Beach Hotel, Oak Bay Marina, Willows Beach and Oak Bay Village. A wonderful opportunity to enjoy the best of Oak Bay living.

1148 Goodwin St Unit ##505, Oak Bay

Courtesy of RE/MAX Camosun

$689,900

2 Beds ⋅ 2 Baths ⋅ 1047822 MLS ⋅ Village Oaks BLDG.

Open House Oct 3rd, 2-4pm. This 2 bedroom 2 bathroom top floor home offers over 1270 sqft. Good sized kitchen with newer appliances, white shaker cabinets with plenty of storage and counter space. large living/Dining room combo with access to the deck.Generous, renovated master ensuite with walk in tiled shower. second bedroom and renovated powder room. Solid concrete and steel construction with separate storage and secure underground parking stall. located in the heart of the village with every conceivable amenity only a few steps away. This could be your opportunity to seamlessly integrate into the Oak Bay Village Community. Your Realtor can access more detailed information and assist you on your private showing. Please have them call.

2125 Oak Bay Ave Unit ##407, Oak Bay

Courtesy of Rennie & Associates Realty Ltd.

$1,099,000

2 Beds ⋅ 1 Baths ⋅ 1049674 MLS

Opportunity Knocks. This home presents a unique number of opportunities. If your looking for a great location it's here!!! If you fancy features of a condo but crave freedom of a house, this property could be for you!! If you want to buy for development today or hold for future, That works too.. Two bedroom, open floor plan, and separate studio. Private yard with raised beds is a mix of mature and new plantings (apple, plum trees, rhodos, lilacs, Grapes etc). Steps to Oak Bay Village, Oak Bay Rec Centre and Royal Jubilee.

2043 Milton St, Oak Bay

Courtesy of eXp Realty

2345 Cedar Hill Cross Rd Unit ##157, Oak Bay

$949,900

3 Beds ⋅ 3 Baths ⋅ 1049434 MLS ⋅ Upland Estates BLDG.

DESIRABLE & PRESTIGIOUS UPLANDS ESTATES! An exclusive, private & gated adult-oriented community situated in a masterfully landscaped, park-like setting complete w/water-features & a plethora of flowers & shrubs. Ideally located in one of the most sought-after communities on Southern Vancouver Island, this bright, spacious & lovingly maintained 3 bedroom, 3 bathroom townhouse enjoys a functional & thoughtful floor plan & an abundance of natural light thru a profusion of picture windows. Large kitchen w/island & plenty of cabinetry/counter space & eating area opening to private front balcony. Formal dining area is ideal for family dinners. Oversized living rm w/cozy fireplace & french door to balcony. Bedroom/den/office opens to enclosed sunroom. 2pc bathroom & laundry complete main lvl. Up: main bathroom & 2 more bedrooms (both w/their own private balconies) including primary suite w/walk-in closet & 3pc ensuite. Down: storage rm & attached DBL garage! Bonus: exterior storage rm too!

2345 Cedar Hill Cross Rd Unit ##157, Oak Bay

Courtesy of RE/MAX Camosun

$750,000

2 Beds ⋅ 2 Baths ⋅ 1049109 MLS ⋅ Beach Drive Manor BLDG.

Welcome to Beach Drive Manor! Discover a rare lifestyle opportunity along Oak Bay’s premier stretch of coastline. Located directly across from the iconic Oak Bay Marina and a peaceful 13 minute walk from the heart of Oak Bay Village, this adult-oriented cooperative presents the ideal blend of neighbourhood walkability (Walk Score:74) and scenic oceanfront living. This bright, freshly painted 2 bedroom home features one of the few layouts in the building offering 2 bathrooms, thanks to the addition of a 3pc ensuite. Enjoy the spacious floor plan and convenience of being on the ground floor. At Beach Drive Manor, you’re joining a warm, welcoming community. Residents get access to shared amenities designed for connection include a lounge and courtyard. Step out your front door to stroll along the water, grab a morning coffee in the Village, or host friends in the lounge. Units with this specific configuration and location rarely hit the market so schedule your private viewing today!

1318 Beach Dr Unit ##102, Oak Bay

Courtesy of Royal LePage Coast Capital - Chatterton

$1,050,000

1 Beds ⋅ 1 Baths ⋅ 1048455 MLS

AN EXCEPTIONAL NEW ADDRESS IN OAK BAY. A rare collection of just 15 luxury residences is coming to one of Victoria’s most coveted neighbourhoods. Crafted by Vidalin Group and designed by Spaciz, this boutique development brings together exceptional architecture, elevated interiors and timeless craftsmanship. A refined mix of 1-bedroom, 2-bedroom and 2-bedroom-plus-den residences has been thoughtfully designed for effortless modern living, with beautiful high-end millwork, rich hardwood flooring and elegant quartz countertops. Solar panels and a Net Zero goal reflect a forward-thinking commitment to energy efficiency and eco-conscious living, while secure underground parking adds everyday convenience. Best of all, Oak Bay Village is right outside your door, with boutique shops, restaurants, cafés, parks, recreation and the ocean all within an easy walk. Backed by the 2-5-10 New Home Warranty. Now accepting pre-sale opportunities. Expected completion 2028.

2326 Oak Bay Ave Unit ##201, Oak Bay

Courtesy of Coldwell Banker Oceanside Real Estate

$1,175,000

2 Beds ⋅ 2 Baths ⋅ 1048568 MLS

2326 Oak Bay Ave Unit ##103, Oak Bay

Courtesy of Coldwell Banker Oceanside Real Estate

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