Area: British Columbia
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** ATTENTION Huge Price Reduction of $100,000 ** Now Listed at $1,690,000 ** Set on a large flat 0.22-acre lot with sought-after street and laneway access, this 5-bedroom, 2-bathroom home offers exceptional potential in one of Victoria’s most coveted neighbourhoods. The flexible layout includes a bright, walk-out 2-bedroom lower level—ideal for extended family, guests, or a mortgage helper. A standout feature is the rare dual access, presenting an excellent opportunity for additional accommodation. With the introduction of the new SSMUH (Small-Scale Multi-Unit Housing) initiative, this property is a perfect candidate for the construction of a carriage house with a double garage on the lower level and a stylish 1- or 2-bedroom suite above. This potential secondary dwelling offers outstanding flexibility—whether for multigenerational living, guest quarters, or as a high-demand rental unit. Buyers are encouraged to consult the District of Oak Bay for current zoning and development possibilities. Located just steps from charming Estevan Village and beautiful Willows Beach, this property offers the best of Oak Bay living, with boutique shops, cozy cafés, and scenic seaside strolls right at your doorstep. You’re also minutes from Uplands and Victoria Golf Clubs, Oak Bay Marina, Oak Bay Village, Cadboro Bay Village, and UVIC. Situated within the catchment of some of the city’s top-rated schools—including Willows Elementary, Monterey Middle, and Oak Bay High—all easily walkable or bikeable—this home is ideal for families seeking both lifestyle and convenience. Well-maintained and full of promise, this is a rare opportunity to renovate, reimagine, or build new in an established, prestigious setting. Whether you’re searching for a family home, an investment property, or the perfect site for your dream build with future expansion options, this property delivers exceptional value in a true blue-chip Oak Bay location. (id:44056)

Property Details

Full Address:
2536 Thompson Ave, Oak Bay, British Columbia
Price:
$ 1,690,000
MLS Number:
996524
List Date:
May 6th, 2025
Lot Size:
9729 sq.ft.
Year Built:
1942
Taxes:
$ 7,626

Interior Features

Bedrooms:
5
Bathrooms:
2
Air Conditioning:
See Remarks
Heating:
Forced air, Natural gas
Fireplaces:
1

Building Features

Architectural Style:
Contemporary
Zoning:
Residential
Garage Spaces:
4
Ownership Type:
Freehold
Taxes:
$ 7,626

Floors

Finished Area:
3622 sq.ft.
Main Floor:
3044 sq.ft.

Land

Lot Size:
9729 sq.ft.

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Colin Fraser eXp Realty
 
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Listing Agent(s)

Listing: Colin Fraser
eXp Realty

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