- Active
#1 – 920 Island Road
Oak Bay · Single Family
- Beds
- 3
- Baths
- 3
- Sqft
- 1,749
- Built
- 2026
Listed by Alexandrite Real Estate Ltd. · MLS® 1042593
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Sign inAbout this home
Introducing Willow Lane—now offering the final available residence on one of South Oak Bay’s most coveted streets. From the moment you enter, the home makes a striking impression with a dramatic 18'+ dining space with integrated wine bar, rich hardwood flooring, bespoke millwork, and an elegant glass railing system. Expansive glass doors open to a private, sun-drenched west-facing garden, creating seamless indoor-outdoor living. This refined 3 bedroom plus den residence is anchored by a luxurious primary retreat featuring a spa-inspired 4-piece ensuite with soaker tub and a private west-facing deck to capture evening sunsets. A rare offering in South Oak Bay, this is a home that must be experienced in person to be fully appreciated, book your showing today!
Home facts
- Bedrooms
- 3
- Bathrooms
- 3 full
- Interior
- 1,749 sq ft
- Year built
- 2026
- Parking
- 2
- Property type
- Single Family
- Area
- South Oak Bay
- Style
- Contemporary
- Listed
- July 7, 2026
- Structure
- Row / Townhouse
- PID
- 003-481-654
- Common interest
- Condo/Strata
Features and inclusions
- Appliances
- Washer, Refrigerator, Dishwasher, Dryer, Microwave
- Heating
- Heat Pump, Baseboard heaters, Electric
- Cooling
- Fully air conditioned
- Lot
- Central location, Other, Marine Oriented
- Community
- Family Oriented, Pets Allowed With Restrictions
Rooms and building
- Water
- Zoning
- Residential
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $7,228
- Property tax
- $442/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $7,820
Purchase snapshot
- List price
- $1,525,000
- Down payment
- $305,000 (20%)
- Estimated mortgage
- $1,220,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $8,354
- At 5.4779 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 50%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
