578 Island Rd

578 Island Rd · Oak Bay · House · 4 bed · 4 bath · $2,299,999 · MLS 1034067

Oak Bay, British Columbia
C$2,299,999
For sale
578 Island Rd

578 Island Rd is located in Oak Bay. Property snapshot: House, 4 bed, 4 bath, listed at $2,299,999, MLS 1034067. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: -. BurnabyHouse Deal Score: 50/100. Latest recorded list pric

List Price: $2,299,999
MLS: 1034067
Bedrooms: 4
Bathrooms: 4
Interior Size: 3,509 sqft
Days on Market: -
Days on Site: 78
Deal Score: 50/100
Price History: Latest recorded list price 2299999.00

Local Decision Guide

How should buyers evaluate 578 Island Rd?

Start by reading this listing in its Oak Bay context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 578 Island Rd?

This page shows a list price of $2,299,999 with MLS 1034067.

What type of home is this Oak Bay listing?

The page shows House, 4 bed, 4 bath at 578 Island Rd. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about - days on market/site. Latest recorded list price 2299999.00.

What does the Deal Score of 50/100 mean?

Deal Score is a BurnabyHouse screening score based on list price, assessment, DOM, strata fees, rent yield and area-average signals. It helps with first-pass screening and does not replace inspection, financing, legal or municipal due diligence.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

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. (id:56153)

Property Details

House
Building Type
4
Bedrooms
4
Bathrooms
1996
Year Built
30 years
Age
78
Days on Site
9,258 sf
Lot Area
3,509 sqft
Interior Size
C$655
Price per Sqft

Transaction: For sale

Status: active

Listing ID: 29677654 (1034067)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$2,299,999

Lot Area: 9,258 sf

PID: 017-951-721

Days on Site: 78 days

Added to Relistico: 2026-04-30

Updated on: 2026-06-06 04:03 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

Nearby Private Schools
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Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
Fairway Market Athlone Court
About 1.5 km away
2187 Oak Bay Avenue
Red Barn Market
About 1.8 km away
1929 Oak Bay Avenue
Shopping Centres
Oak Bay Beach Hotel
About 915 m away
Fairfield Village
About 2.3 km away

Price History

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View price changes, listing events, and the full timeline.

BC Assessment

Click the button below to check the government assessment, sales history, and nearby market pricing for this property.
BC Assessment Sales History & Nearby Sales

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Last Updated: Sat, 06 Jun 2026 03:06:32 PM PDT

Data Provider: Greater Vancouver REALTORS®

Listing Office: Newport Realty Ltd.

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