- Active
261 King George Terrace
Oak Bay · Single Family
- Beds
- 5
- Baths
- 5
- Sqft
- 6,061
- Built
- 1933
Listed by The Agency · MLS® 1051725
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Sign inAbout this home
Experience timeless elegance at 261 King George Terrace, a remarkable south-facing waterfront estate in Oak Bay's prestigious Gonzales neighbourhood. Built in 1933 and set on over 0.8 acres, this exquisite home boasts panoramic views of the ocean, Trial Islands, and Olympic Mountains from nearly every room. Watch whales from your beautifully landscaped backyard, framed by incredible natural rockwork. Inside, the home offers the flexibility of one-level living on the main floor featuring a spacious kitchen, formal dining and living room, principal suite, and more—making everyday living exceptionally convenient. Downstairs, a full-height walk-out basement expands your options with additional living space that opens into pristine grounds. Dual driveways each lead to their own detached double garage. With its historic charm, thoughtful layout, and spectacular setting, this is a rare opportunity to own one of Victoria’s most iconic seaside estates.
Home facts
- Bedrooms
- 5
- Bathrooms
- 5 full
- Interior
- 6,061 sq ft
- Year built
- 1933
- Parking
- 8
- Property type
- Single Family
- Garage
- Yes
- Fireplaces
- 2
- Area
- Gonzales
- Listed
- October 8, 2026
- Structure
- House
- PID
- 012-456-977
- Common interest
- Freehold
Highlights
- Ocean view
- Mountain view
- Waterfront
- Private yard
- Double garage
Features and inclusions
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Range, Dryer, Microwave, Freezer, Oven - Built-In
- Heating
- Natural gas, Hot Water
- Cooling
- None
- Parking
- Detached Garage, Garage, Street
- Lot
- Level lot, Southern exposure, Other, Rectangular, Marine Oriented
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
- $27,230
- Property tax
- $1,675/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $29,055
Purchase snapshot
- List price
- $5,745,000
- Down payment
- $1,149,000 (20%)
- Estimated mortgage
- $4,596,000
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
- $31,471
- 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 · 52%
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.
