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578 Island Rd
OB South Oak Bay Oak Bay V8S 2T6

$2,512,500
Residential beds: 4 baths: 4.0 3,509 sq. ft. built: 1996

Main Photo: 578 Island Rd in Oak Bay: OB South Oak Bay Single Family Residence for sale : MLS®# 1025854
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Status:
Active
Prop. Type:
Residential
MLS® Num:
1025854
Bedrooms:
4
Bathrooms:
4
Year Built:
1996
Offered for the first time in over 30 years, this exceptional South Oak Bay residence is gracefully positioned on a quiet private cul-de-sac beside Anderson Hill Park. A timeless floorplan offers elegant formal living & dining rooms, a spacious open-concept kitchen & family room ideal for both everyday living & refined entertaining, & a sought-after main-floor primary bedroom. The upper level features three more bedrooms, including one with ensuite, a bonus room perfect for a media lounge or gamesroom. The basement provides excellent flexibility with plumbing in place for a future bathroom offering outstanding potential for a private guest suite. Set on a private, maturely landscaped lot with dbl car garage, this home is moments from Victoria Golf Club, Oak Bay Marina, waterfront walks, The Ave, boutique shopping, cafés, top schools including GNS, Monterey & Oak Bay. A rare opportunity to secure a distinguished family home in one of Victoria’s most prestigious coastal neighbourhoods.
Property Type:
Residential
Type:
Single Family Residence
Year built:
1996 (Age: 30)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
3,509 sq. ft.
Listing General Location:
OB South Oak Bay, Oak Bay
Bedrooms:
4
Bathrooms:
4.0 (Full:-/Half:-)
Lot Size:
9,258 sq. ft.
Kitchens:
1
Taxes:
Construction:
Stucco
New Construction:
No
Basement:
Full, Unfinished, Walk-Out Access
Foundation:
Concrete Perimeter
Roof:
Asphalt Shingle
Levels:
0
Number of Storeys:
2
Number of Buildings:
6
Ceiling Heights:
Floor finish:
Carpet, Wood
Total Building Area:
5,706 sq. ft.
Total Unfinished Area:
2,197 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
5
# Main Level Bedrooms:
1
# Second Level Bedrooms:
3
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
2
# Second Level Bathrooms:
2
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
2,197 sq. ft.
Living Area Main Floor:
2,244 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
1,265 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Fireplaces:
1
Fireplace Details:
Wood Burning
Laundry Features:
In House
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
Yes
Pending Date:
Dishwasher, F/S/W/D
Dining Room, Eating Area
Turn onto Island Rd from Newport, Left into the private cul de sac at the top of the hill.
Deck/Patio, Garage
Main Level
0
Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
See Bylaws
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
Lower Level
Lower Level
Floor
Ensuite
Pieces
Other
Main Floor
Main Floor
2nd Floor
2nd Floor
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Association Fee Year:
2026
Jurisdiction name:
District of Oak Bay
Legal Description:
Accessibility:
Ground Level Main Floor, Primary Bedroom on Main
Units in Building:
Units in Community:
Number of 2 piece baths:
1
Number of 3 piece baths:
0
Number of 4 piece baths:
1
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
2
Other Equipment:
Electric Garage Door Opener
Occupancy:
Vacant
Property Condition:
Resale
Exposure / Faces:
Southwest
Layout:
Main Level Entry with Upper Level(s)
Lot Site Features:
Cul-De-Sac, Private
Attached Garage:
Yes
Carport Spaces:
0
Garage Spaces:
2
Garage:
Yes
Parking Features:
Attached, Garage Double
Total Parking Spaces:
4
Road Surface Type:
Paved
Common Parking Spaces:
0
LCP Parking Spaces:
4
Lot Parking Spaces:
0
Total Units:
Date Listed:
Feb 12, 2026
Original Price:
2512500.0
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    Formal Dining
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    Formal Dining
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    Primary on Main
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    Primary on Main
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    Primary Ensuite
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    Primary Ensuite
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    Primary Walk in Closet
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    Laundry on Main
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    2pc Bath on Main
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    Eat in Kitchen
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    Eat in Kitchen family room
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    Family room
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    Family Room
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    Office off family Room
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    Patio off Kitchen
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    Patio off Kitchen
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    Patio off Kitchen
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    Upstairs Bonus Room
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    Upstairs Bonus Room
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    Upstairs Bonus Room
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    Upstairs Bathroom
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    3rd Bedroom Upstairs
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    2nd Bed Upstairs with ensuite
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    2nd bed Upstairs with ensuite
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    Upstairs Bed Ensuite
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    4th bed Upstairs
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    Suite Potential
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    Suite Potential
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    Suite Potential
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Virtual Tour 2

Listed by Newport Realty Ltd.
Data was last updated February 21, 2026 at 12:05 PM (UTC)
Area Statistics
Listings on market:
48
Avg list price:
$2,177,500
Min list price:
$415,000
Max list price:
$52,500,000
Avg days on market:
31
Min days on market:
2
Max days on market:
225
Avg price per sq.ft.:
$887.48
These statistics are generated based on the current listing's property type and located in OB South Oak Bay. Average values are derived using median calculations. This data is not produced by the MLS® system.

Why Buy a House or Condo in Oak Bay ?


Oak Bay is one of the most desirable neighborhoods in Victoria, British Columbia. With its beautiful tree-lined streets, charming architecture, and stunning waterfront views, it's no wonder that many people are drawn to this area. Whether you're in the market for a house or a condo, there are plenty of reasons why Oak Bay might be the perfect place for you to call home. In this blog, we'll take a closer look at some of the top reasons to buy a house or condo in Oak Bay.


Really important !  Oak Bay is known for its outstanding quality of life. The neighborhood is home to numerous parks and green spaces, including the famous Oak Bay Beach Hotel and Spa, which offers a variety of recreational activities and wellness services. There are also plenty of hiking trails and beaches to explore, making it a perfect location for outdoor enthusiasts. With its friendly community feel and safe atmosphere, Oak Bay is a great place to raise a family or enjoy your golden years.

I also like that to buy a house or condo in Oak Bay is its proximity to downtown Victoria. With a quick drive or bus ride, you can be in the heart of the city in just minutes. This means that you'll have easy access to all of the shopping, dining, and cultural amenities that the city has to offer, without sacrificing the peace and tranquility of a quieter neighborhood.

In addition to its outstanding location, Oak Bay is also home to some of the most beautiful and historic homes in Victoria. The area boasts a wide range of architectural styles, from classic Victorian homes to modern contemporary designs. Whether you're looking for a cozy bungalow or a spacious waterfront estate, you're sure to find something that suits your taste and budget in Oak Bay.

If you're in the market for a condo, Oak Bay offers a number of excellent options as well. From modern high-rise buildings to charming heritage properties, there is a wide range of condos available to suit a variety of lifestyles and budgets. Many of the condos in Oak Bay offer stunning views of the ocean or the city skyline, and some even come with amenities such as swimming pools, fitness centers, and on-site concierge services.

When it comes to real estate investments, Oak Bay is also a great choice. The neighborhood has consistently held its value over the years and has seen steady appreciation in property values. Whether you're looking to buy a home for yourself or as an investment property, Oak Bay is a smart choice that is sure to pay off in the long run.

In conclusion, there are plenty of reasons to consider buying a house or condo in Oak Bay. With its outstanding quality of life, proximity to downtown Victoria, beautiful homes and condos, and strong real estate market, it's no wonder that Oak Bay is one of the most sought-after neighborhoods in Victoria. Whether you're a young family, a retiree, or a real estate investor, Oak Bay has something to offer everyone.

If you're considering purchasing a home or condo in Oak Bay, it's important to work with a knowledgeable and experienced real estate agent who can help guide you through the process and ensure that you find the perfect property for your needs and budget. Your agent can provide valuable insights into the local real estate market, help you navigate the sometimes complex process of purchasing a home, and ensure that you get the best possible deal on your new property.

In conclusion, if you're looking for a great place to call home in Victoria, BC, Oak Bay should be at the top of your list. With its unbeatable location, charming homes and condos, and outstanding quality of life, there's no better place to enjoy all that this beautiful city has to offer. So why wait? Start exploring the many great homes and condos available in Oak Bay today and discover the perfect property for your needs and lifestyle.

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.