About this home

For those who seek the grace and charm of a time forgotten, 250 King George Terr is a breath of fresh air. Overlooking Gonzales Bay, this timeless beauty offers a glimpse of architecture not seen for many years. Conceived from a European theme, this 3900 sq. ft. residence is designed and built around a central hall with gorgeous chandelier, an expansive ceiling, and fireplace. Large rooms and preserved wood give the main level a feeling of charm and coziness. From the central hall the grand winding staircase takes you to the second level, where 3 more bedrooms await, primary with a balcony with views to the south. All this on a beautifully appointed sundrenched lot of almost a half-acre, gently sloping above King George Terr. This property is zoned R4 and easily fits Oak Bay’s recommended changes for infill housing within Bill 44 requirements, which would allow 4 magnificent ocean view homes in one of the city’s finest locations. Call for more details or an appointment to view.

Home facts

Bedrooms: 4
Bathrooms: 5 full
Interior: 3,869 sq ft
Lot size: 20,553 sq ft
Year built: 1936
Parking: 4
Property type: Single Family
Fireplaces: 3
Area: Gonzales
Listed: June 15, 2026
Structure: House
PID: 000-330-868
Common interest: Freehold

Highlights

Ocean view
Mountain view
Balcony
Fireplace

Features and inclusions

Appliances: Washer, Dishwasher, Range, Dryer, Oven - Built-In
Heating: Baseboard heaters, Electric, Wood, Hot Water
Cooling: None
Parking: Open

Rooms and building

Water
Zoning: Residential

Listed by RE/MAX Camosun. Last updated Sep 29, 2026, 2:35 PM.

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: $11,802
Property tax: $725/mo
Home insurance: $150/mo
Estimated monthly total: $12,677

Purchase snapshot

List price: $2,490,000
Down payment: $498,000 (20%)
Estimated mortgage: $1,992,000

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

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: $13,640; 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

Open the map

Walk to Thrifty Foods23 min

Bike to Capital City Station17 min

Walk to Capital City Station58 min

Drive to downtown Vancouver3h 56m

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 · 51%

Homes for sale nearby, by type

Detached111 for sale

Condo / Apartment63 for sale

Townhouse26 for sale

Duplex7 for sale

Land7 for sale

Other4 for sale

Active listings within 3 km of this home.

Homes built in Oak Bay, by type

Single-detached86.0% · 185

Apartment in duplex9.3% · 20

Low-rise apartment4.7% · 10

Source: Statistics Canada, 2021 Census of Population. 215 dwellings.

Who lives here

Statistics Canada area 59170205 · Oak Bay

Median age: 55
Renter households: 5%
Average household size: 2.5
Median household income: $133,000

Population (2021): 518
Median rent: $1,606
Owner shelter cost: $1,420
30%+ of income on shelter: 19%
Owner households: 95%
Households with kids: 31%
Immigrants: 22%
Post-secondary: 73%
Average home value (2021): $2,120,000

Breakdown

$15,000 to $19,9992.4% · 5

$50,000 to $59,9994.9% · 10

$60,000 to $69,9997.3% · 15

$70,000 to $79,9997.3% · 15

$80,000 to $89,9997.3% · 15

$90,000 to $99,9997.3% · 15

$100,000 to $124,9999.8% · 20

$125,000 to $149,99912.2% · 25

$150,000 to $199,99912.2% · 25

$200,000 and over29.3% · 60

Source: Statistics Canada, 2021 Census Profile, dissemination area 59170205.

Documents

Pick the records you want. Ray Rasouli will email what the listing brokerage shares.

Property disclosure statementReview seller-disclosed conditions and known defects.
Title searchReview registered ownership, charges, easements, and covenants.
Inspection reportsReview available property-condition findings.
Building and renovation permitsConfirm that significant work was properly permitted.
Survey or site planReview boundaries, structures, and encroachments.
Zoning and land-use recordsReview permitted uses and development constraints.
Well and water-quality recordsReview water source, testing, and maintenance information.
Septic recordsReview system permits, servicing, and condition information.

Availability is not guaranteed. Review documents with a professional.

250 King George Terrace

About this home