2183 Central Ave
$1,199,900
South Oak Bay
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About this home
Open House July 25th 11-12:30p | An exceptional opportunity to own a detached home in the heart of South Oak Bay for under $1.2M. Held by the same family for four generations, this character-filled 1940 home is ready for its next chapter. Set on a sunny, fully fenced 50 x 110 ft lot just four blocks from the ocean, the main level features original hardwood floors, large picture windows, a spacious living room with fireplace, two bedrooms, a four-piece bathroom and a bright kitchen overlooking the backyard. The partially finished lower level includes a third bedroom and generous open space ideal for storage, a workshop or future development. Outside, enjoy a private garden, driveway parking and a peaceful setting within one of Oak Bay’s most coveted neighbourhoods. An inviting opportunity for buyers seeking character, renovators or those looking to create a home tailored to their vision. Walk to the waterfront, Oak Bay Village, local cafés, parks, schools and golf. (id:65179)
Property details
From the listing's public record.
Lot size
5,467 square feet
Year built
1940
Taxes
$7,275/yr
Zoning
Residential
Appliances
Heating
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jul 23, 2026
Listed $1,199,900
Active3 days on marketMLS 1044038Jun 25, 2026
Listed $1,299,900
Ddf_delisted27 days on marketMLS 1041505Jun 2, 2026
Listed $1,399,000
Ddf_delisted23 days on marketMLS 1038822
How this listing compares
Based on 91 sales in South Oak BayMedian sold
$1,850,000
Avg days on market
44 days
Avg sale-to-list
97.8%
Avg $/sqft
$688
Price per square foot
Above area average
Current market in South Oak Bay
Active (same type)
32
Pending
15
All active listings
60
Months of supply
4.2
Balanced market — 4.2 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$1,328,000
Homes in Oak Bay sell at 155.1% of assessed value on average.
Based on 215 recent sales.
Local price trend
How South Oak Bay has moved over the last decade.
Local price index (normalized) · 117 months
Recent nearby sales
12 sales449 Victoria Ave
$1,570,000
5 bd · 3 ba · 3,217 sqft · $488/sqft · 22 days on market
Sold Jul 16, 2026 · 95.2% of list
590 Island Rd
$2,850,000
4 bd · 4 ba · 3,585 sqft · $795/sqft · 5 days on market
Sold Jul 15, 2026 · 106.5% of list
945 Falkland Rd
$1,362,500
4 bd · 2 ba · 3,582 sqft · $380/sqft · 48 days on market
Sold Jul 10, 2026 · 97.7% of list
990 Hampshire Rd
$1,145,000
4 bd · 2 ba · 2,266 sqft · $505/sqft · 15 days on market
Sold Jul 10, 2026 · 97.4% of list
865 St. Patrick St
$1,502,000
4 bd · 3 ba · 2,951 sqft · $509/sqft · 9 days on market
Sold Jul 2, 2026 · 102% of list
575 St. Patrick St
$3,704,000
4 bd · 4 ba · 4,461 sqft · $830/sqft · 10 days on market
Sold Jun 30, 2026 · 93.8% of list
658 Byng St
$1,640,000
3 bd · 2 ba · 2,400 sqft · $683/sqft · 59 days on market
Sold Jun 30, 2026 · 93.7% of list
2231 Windsor Rd
$2,125,000
5 bd · 3 ba · 3,089 sqft · $688/sqft · 3 days on market
Sold Jun 30, 2026 · 98.8% of list
614 Monterey Ave
$2,300,000
3 bd · 3 ba · 2,767 sqft · $831/sqft · 55 days on market
Sold Jun 29, 2026 · 92.2% of list
2015 Runnymede Ave
$1,480,000
2 bd · 2 ba · 2,339 sqft · $633/sqft · 77 days on market
Sold Jun 26, 2026 · 92.5% of list
611 Island Rd
$2,550,000
3 bd · 3 ba · 5,442 sqft · $469/sqft · 159 days on market
Sold Jun 16, 2026 · 98.1% of list
895 Falkland Rd
$1,545,000
4 bd · 3 ba · 3,162 sqft · $489/sqft · 19 days on market
Sold Jun 16, 2026 · 99.7% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$1,199,900 − $239,980
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$263,478
Down payment + PTT + GST + legal estimate.
Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.
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Interested in this home?
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Listed by RE/MAX Camosun