Oak Bay Waterfront Real Estate

Locally known as “behind the tweed curtain” in homage to original British development of the area, Oak Bay is a Victoria municipality challenging stereotypes and offering alternatives. Oak Bay is both established and innovating, and maintains an easy hospitality in keeping with the inclusive community atmosphere.

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This desirable heritage neighbourhood located just 4 kilometres from downtown Victoria has a distinct British influence that has been maintained over generations. This influence is so powerful that even today, Oak Bay is locally referred to as ‘behind the tweed curtain’! Despite its age and repute, this neighbourhood continues to be innovating and maintains an inclusive and vibrant residential and commercial community. Unlike many North American neighbourhoods, Oak Bay was designed using a British ‘high street’ model creating a neighbourhood village on the main street, Oak Bay Avenue, comprising important daily commercial business such as banks and grocery stores as well as specialty boutiques, wellness centres, cafes, restaurants and more! Radiating outward from Oak Bay Avenue are beautiful green spaces, stunning beaches, exclusive recreation clubs, oceanfront resorts, top-tier public and private schools and premium assisted-living facilities. While this area is generally known for its higher real estate price tag, affluent clients looking to invest in this elegant borough of Victoria can find single-family homes on idyllic streets, high-end condos, and stunning oceanfront homes.

987 Beach Dr

OB South Oak Bay Oak Bay V8S 2N2

$3,400,000

Residential beds: 3 baths: 3.0 3,030 sq. ft. built: 1950

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• Details
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Status:

Active

Prop. Type:

Residential

MLS® Num:

1031688

Bedrooms:

3

Bathrooms:

3

Year Built:

1950

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Welcome to 987 Beach Drive, set on a remarkable 12,500+ square foot waterfront lot in the heart of highly sought-after South Oak Bay. This bright and charming Cape Cod character home enjoys unobstructed ocean and mountain views spanning the Salish Sea, San Juan Islands, Ten Mile Point, and the distant coastal range. The residence offers three bedrooms upstairs with the flexibility of a potential primary bedroom on the main level. Just steps from your front door is the Victoria Golf Club, widely regarded as one of the finest golf courses in Canada, with the Oak Bay Marina and Oak Bay Beach Hotel as neighbouring landmarks. Whether fishing, whale watching, paddle boarding, or simply enjoying the coastal setting, this is a rare lifestyle opportunity surrounded by some of the most prestigious waterfront homes on Vancouver Island.

General Info:

Property Type:

Residential

Type:

Single Family Residence

Year built:

1950 (Age: 76)

Living Area:

3,030 sq. ft.281 m2

Main Building Living Area:

3,030 sq. ft.281 m2

Listing General Location:

OB South Oak Bay, Oak Bay

Bedrooms:

3

Bathrooms:

3.0 (Full:-/Half:-)

Lot Size:

12,632 sq. ft.1,174 m2

Kitchens:

1

Additional Info:

Construction:

Wood

New Construction:

No

Basement:

Partial, Other

Foundation:

Concrete Perimeter

Roof:

Asphalt Shingle, Wood

Levels:

3

Floor finish:

Carpet, Wood

Total Building Area:

4,088 sq. ft.380 m2

Total Unfinished Area:

1,058 sq. ft.98.3 m2

# Bedrooms or Dens Total:

3

# Main Level Bedrooms:

0

# Second Level Bedrooms:

3

# Third Level Bedrooms:

0

# Lower Level Bedrooms:

0

# Other Level Bedrooms:

0

# Main Level Bathrooms:

1

# 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:

485 sq. ft.45.1 m2

Living Area Main Floor:

1,531 sq. ft.142 m2

Living Area Other Floor:

0 sq. ft.0 m2

Living Area 2nd Floor:

1,014 sq. ft.94.2 m2

Living Area 3rd Floor:

0 sq. ft.0 m2

Fireplaces:

0

Fireplace Details:

Family Room, Living Room, Propane, Wood Burning

Laundry Features:

In House

Water supply:

Municipal

Sewer:

Sewer To Lot

Cooling:

None

Heating:

Electric, Hot Water, Propane

Fireplace:

No

Interior Features:

Breakfast Nook, Dining Room

Window Features:

Blinds

View:

Mountain(s), Ocean

Waterfront Features:

Ocean Front

Directions:

Near Oak Bay Beach Hotel and the Victoria Golf Club.

Entry Location:

Main Level

Minimum Age:

0

BBQ Allowed:

Yes

Smoking Bylaw:

No

Rent Allowed:

Unrestricted

Legal Info:

Jurisdiction name:

District of Oak Bay

Other Details:

Number of 2 piece baths:

0

Number of 3 piece baths:

1

Number of 4 piece baths:

1

Number of 5 piece baths:

0

Number of 2 piece Ensuites:

0

Number of 3 piece Ensuites:

1

Number of 4 piece Ensuites:

0

Leased Equipment:

Propane Tank

Property Condition:

Resale

Land Info:

Exposure / Faces:

Northwest

Layout:

Main Level Entry with Lower/Upper Lvl(s)

Lot Site Features:

Central Location, Irregular Lot, Marina Nearby, Near Golf Course

Attached Garage:

Yes

Carport Spaces:

0

Garage Spaces:

2

Garage:

Yes

Parking Features:

Attached, Garage Double, Guest

Total Parking Spaces:

2

Listing Info:

Date Listed:

Apr 10, 2026

Original Price:

3499000.0

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Listed by eXp Realty

Data was last updated May 2, 2026 at 10:05 AM (UTC)

Area Statistics

Listings on market:

64

Avg list price:

$1,792,500

Min list price:

$415,000

Max list price:

$52,500,000

Avg days on market:

33

Min days on market:

1

Max days on market:

260

Avg price per sq.ft.:

$782.21

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.

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• Vancouver Island
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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.

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