Victoria waterfront house sells for $13.1 million

June 20, 2022

Upturning the narrative of slowing home prices, a 12,000-square-foot waterfront house in Oak Bay, B.C., sold June 7, 2022, for $13.19 million—a record price for a sale through the Multiple Listing Service (MLS) in the Greater Victoria region.
The Beach Drive house, built in 2016, has five bedrooms and eight bathrooms and is set on 1.67 acres. Features include a glass wine cellar, two butler’s pantries, double islands in the kitchen and parking for six vehicles.
A Canadian buyer purchased the property, but the name was not immediately available, according to the Times Colonist, Victoria.
The listing agent, Lisa Williams of Sotheby’s International Realty Canada, said the property attracted interest from other parts of Canada, the U.S. and around the world.
The new record is for MLS-listed properties only.
The previous sale record was set a year ago, when a Metchosin property transacted for $12 million. That property features a 10,500-square-foot house that has won architecture awards.
The current highest price listed for a house in Greater Victoria on MLS is $16.75 million for a West Saanich Road mansion set on 6.8 acres of waterfront. The property includes a 60-foot-long dock, a helipad and a two-bedroom carriage house for guests.In 1999, the house won an award from the Canadian Home Builders’ Association for best single-family detached house of more than 3,500 square feet.