OPEN HOUSE Sat Oct 31, 1PM - 2.30PM
A distinguished South Oak Bay residence featuring two legal dwellings with separate civic addresses (1387 & 1389 St. David), offering exceptional privacy, generous proportions and timeless character on a beautifully landscaped .3-acre lot. A rare opportunity combining refined living, versatility and long-term value in one of Oak Bay's most desirable neighbourhoods.
The detached 630 sqft Accessory Dwelling Unit (ADU) is fully permitted and holds a formal Occupancy Certificate from Oak Bay, a significant distinction that makes this property exceptionally difficult to replicate. Creating a second legal dwelling of this calibre in Oak Bay can involve years of permitting and neighbour consultation, with construction costs estimated to exceed $500K today. All of that work is already complete. Ideal for multigenerational living, in laws, a nanny, a home-based practice, or as a potential income property generating approximately $2,400/month. The thoughtfully finished space includes a custom kitchen, full bathroom, radiant heating and heat pump A/C.
The principal residence has been thoughtfully enhanced with approximately $220K in upgrades completed in 2023, blending timeless character with modern comfort. The beautifully appointed kitchen features a Wolf gas range and double convection ovens, complemented by engineered oak herringbone flooring, custom French doors, elegant wall panelling and two fireplaces. Further improvements include zoned heating, upgraded insulation, a new NTI on-demand boiler and hot water tank, enhancing both comfort and long-term livability.
Mature gardens create a private and tranquil setting, with a sheltered rear patio for outdoor enjoyment. Ideally situated within walking distance of Oak Bay Village, its restaurants, cafes, shops and nearby beaches. An exceptional offering that brings together character, thoughtful upgrades and the rare flexibility of two fully legal residences..
Address
1387 St. David St
List Price
$3,500,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Oak Bay
Sub-Area
OB South Oak Bay
Bedrooms
4
Bathrooms
4
Floor Area
4,350 Sq. Ft.
Lot Size
13000 Sq. Ft.
Lot Size (Acres)
0.3 Ac.
Year Built
1941
MLS® Number
1049197
Listing Brokerage
The Agency
Basement Area
Not Full Height, Partially Finished, With Windows
Postal Code
V8S 4Z2
Tax Amount
$13,896.84
Tax Year
2026
Features
Carpet, Ceiling Fan(s), Central Vacuum, Closet Organizer, Dining Room, Dishwasher, Dryer, Eating Area, Electric Garage Door Opener, Freezer, Hardwood, Hot Water, Microwave, Natural Gas, Oven/Range Electric, Radiant Floor, Range Hood, Refrigerator, Security System, Soaker Tub, Storage, Sump Pump, Tile, Vinyl Frames, Washer, Wood, Wood Frames
Amenities
Balcony, Balcony/Patio, Central Location, Easy Access, Family-Oriented Neighbourhood, Fenced, Garden, Landscaped, Level, Lighting, Marina Nearby, Private, Quiet Area, Recreation Nearby, Shopping Nearby, Sidewalk, Southern Exposure, Square Lot, Storage Shed, Workshop