WALKER'S PARADISE with score of of 92! Here’s your chance to purchase a spacious, updated, TOP FLOOR 2 bedroom unit in the sought-after Granite House. WEST facing, quiet and safe, mixed with affordability and incredible walkability - this is the perfect combination! Just 2 mins from some of the best shops, amenities, parks, beaches and restaurants the South Island has to offer. Oak Bay Avenue has everything you need for a car-free lifestyle, but there is a dedicated parking stall and storage if you need! Granite House is a very well-cared-for and well-run complex that does not allow pets and has very reasonable strata fee that include professional management, heat and hot water. Sorry, no pets except service animals.
Property details
2
Beds
1 full
Baths
950 ft²
Floor area
1,050 ft²
Lot size
1970
Year built
1
Parking
$494/mo
Strata fee
$2,837/yr
Gross tax
Location & structure
Single Family
Type
South Oak Bay
Area
Listed
July 2, 2026
Structure
Apartment
PID
000-170-020
Features & inclusions
Appliances
Refrigerator, Range - Electric, Dishwasher, Microwave
Heating
Other, Hot Water
Cooling
None
Parking
Other
Lot
Other, Rectangular
Community
Family Oriented, Pets not Allowed
Additional details
Common interest
Condo/Strata
Listed by RE/MAX Camosun. Last updated Jul 2, 2026, 12:45 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.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $103,980 down (20%) on $519,900, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Inventory mix
What this area trades in
Within 3 km of this listing · 400 listings
Detached
179
44.8%
Condo / Apartment
148
37.0%
Townhouse
42
10.5%
Duplex
11
2.8%
Land
11
2.8%
Other
9
2.3%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Oak Bay · 320 dwellings
Low-rise apartment195 · 60.9%
Single-detached85 · 26.6%
Row house20 · 6.3%
Semi-detached10 · 3.1%
Apartment in duplex10 · 3.1%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59170195· Oak Bay· 0.14 km²
Median rent here
$1,900
Owner shelter cost
$900
Renters
21.9%
30%+ on shelter
30.2%
Population (2021)
543
Median age
67.0
Avg household size
1.7
Avg household income
$104,000
Renters
21.9%
Owners
76.6%
Immigrants
30.6%
Post-secondary
73.7%
Avg home value
$900,000
Single status
19.8%
Not in labour force
55.6%
Households with kids
14.1%
Median rent
$1,900
Owner shelter cost
$900
30%+ on shelter
30.2%
Breakdown
Under $5,000
5
1.6%
$5,000 to $9,999
5
1.6%
$15,000 to $19,999
5
1.6%
$20,000 to $24,999
20
6.5%
$25,000 to $29,999
15
4.8%
$30,000 to $34,999
15
4.8%
$35,000 to $39,999
10
3.2%
$40,000 to $44,999
15
4.8%
$45,000 to $49,999
10
3.2%
$50,000 to $59,999
30
9.7%
$60,000 to $69,999
20
6.5%
$70,000 to $79,999
25
8.1%
$80,000 to $89,999
15
4.8%
$90,000 to $99,999
15
4.8%
$100,000 to $124,999
40
12.9%
$125,000 to $149,999
15
4.8%
$150,000 to $199,999
25
8.1%
$200,000 and over
25
8.1%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59170195).
Market story
Rent in Oak Bay
Census 2021 avg $1,900/mo here · Vancouver 2BR rent trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
CMHCBritish Columbia outlook
British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets
British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.
From the CMHC Housing Market Outlook 2026 · Jan 2026
