- Active
590 Monterey Avenue
Oak Bay · Single Family
- Beds
- 4
- Baths
- 2
- Sqft
- 2,001
- Built
- 1944
Listed by RE/MAX Camosun · MLS® 1047949
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Sign inAbout this home
Beautifully updated and thoughtfully cared for in sought-after South Oak Bay, this light-filled home is just minutes from excellent schools, beaches, parks, golf, Oak Bay Marina and the shops and cafés of Oak Bay Village. Inside, you'll find refurbished wood floors, an open dining area and a renovated kitchen with quality wood cabinetry, stone countertops and stainless steel appliances. French doors open to a sunny southwest-facing deck overlooking extensive gardens and a private, beautifully landscaped yard. Since 2020, the property has been further enhanced with rooftop solar panels, a new driveway, extensive garden improvements and landscape lighting. Major updates over the years also include electrical, plumbing, roofing, insulation, thermal windows, bathrooms and flooring. A wonderful combination of character, modern efficiency and exceptional outdoor living in one of Victoria's most desirable neighbourhoods.
Home facts
- Bedrooms
- 4
- Bathrooms
- 2 full
- Interior
- 2,001 sq ft
- Lot size
- 6,098 sq ft
- Year built
- 1944
- Parking
- 2
- Property type
- Single Family
- Garage
- Yes
- Fireplace
- 1
- Area
- South Oak Bay
- Style
- Character
- Listed
- September 8, 2026
- Structure
- House
- PID
- 007-840-331
- Common interest
- Freehold
Features and inclusions
- Appliances
- Washer, Refrigerator, Dishwasher, Range, Dryer, See remarks
- Heating
- Baseboard heaters, Forced air, Electric, Natural gas
- Cooling
- Central air conditioning
- Parking
- Attached Garage, Garage, Visitor Parking
- Lot
- Level lot, Private setting, Other, Rectangular
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
- $7,702
- Property tax
- $475/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $8,327
Purchase snapshot
- List price
- $1,625,000
- Down payment
- $325,000 (20%)
- Estimated mortgage
- $1,300,000
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
- $8,902
- 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
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.