- Active
- Open house Sat, Oct 17
#1 – 920 Island Road
Oak Bay · Single Family
- Beds
- 3
- Baths
- 3
- Sqft
- 1,749
- Built
- 2026
Listed by Alexandrite Real Estate Ltd. · MLS® 1052064
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About this home
Winner of a 2026 Gold CARE Award, this is the last available home at Willow Lane, a three-home enclave on one of South Oak Bay’s most sought-after streets. This 3-bedroom plus den residence features a dining room with 18-foot ceilings and a built-in wine bar, along with hardwood floors, custom millwork, and glass railings. A multi-panel sliding door opens the main living area fully to a private west-facing garden, giving you easy indoor-outdoor living with great afternoon sun. The primary suite has a 4-piece ensuite with soaker tub and its own west-facing deck for evening sunsets. The home is very private and EV ready. With the other two homes sold, this is the only remaining opportunity to buy at Willow Lane. Book your private viewing 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
- October 13, 2026
- Structure
- Row / Townhouse
- PID
- 032-840-071
- 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
- $7,105
- Property tax
- $433/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $7,688
Purchase snapshot
- List price
- $1,499,000
- Down payment
- $299,800 (20%)
- Estimated mortgage
- $1,199,200
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
- $8,211
- 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 · 49%
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.
