- Active
309 King George Terrace
Oak Bay · Single Family
- Beds
- 2
- Baths
- 3
- Sqft
- 2,130
- Built
- 1931
Listed by Engel & Volkers Vancouver Island · MLS® 1033136
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Sign inAbout this home
Where the garden meets the sea, and history finds a home! Perched on the shoreline of Gonzales Bay, this upscale seaside cottage offers a rare chance to own a piece of the coast’s storied past. Located on prestigious King George Terrace, this property blends vintage character with unparalleled views. The soul of the home lies in its panoramic windows, framing the Salish Sea like a living gallery. From the sun-drenched living room to the primary suite, the connection to the water is absolute. Inside, a nostalgic charm invites you to slow down, featuring unique built-ins and a classic vanity. Outside the a botanical sanctuary; a tiered rock garden of azaleas surrounds a winding stone staircase leading to the water's edge. This historic retreat captures a bygone era—quiet, private, and deeply connected to nature. It is a rare opportunity to preserve a legacy in one of the region’s most sought-after neighbourhoods.
Home facts
- Bedrooms
- 2
- Bathrooms
- 3 full
- Interior
- 2,130 sq ft
- Lot size
- 8,700 sq ft
- Year built
- 1931
- Parking
- 2
- Property type
- Single Family
- Garage
- Yes
- Fireplace
- 1
- Area
- Gonzales
- Listed
- April 29, 2026
- Structure
- House
- PID
- 002-915-278
- Common interest
- Freehold
Highlights
- Ocean view
Features and inclusions
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Parking
- Detached Garage
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
- $17,300
- Property tax
- $1,067/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $18,517
Purchase snapshot
- List price
- $3,650,000
- Down payment
- $730,000 (20%)
- Estimated mortgage
- $2,920,000
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
- $19,994
- 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
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