Office for Sale — South Oak Bay, Oak Bay, BC
$2,399,800
1161 Newport Ave, Oak Bay, BC V8S5E6
Property details
Structured details
- Ownership
- Freehold
- Zoning
- C-2
- Annual property tax
- $21,790.2
- Lot dimensions
- 7200
- Structure type
- Offices
- Parcel ID (PID)
- 004-004-388
Listing Information
- MLS®
- 1048129
- Listed
- September 9, 2026
- Time on market
- 5 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
Desirable South Oak Bay location, across the street from Windsor Park, and a block from the ocean. Rarely does a C-2 commercial opportunity like this come up for sale. Original character home built in 1911, is nicely updated and has 3 bedrooms. The commercial section at the front facing Newport Ave was built later with great visibility. Lower level of home has 1 bedroom suite. Total size is approximately 4300 sq/ft. Commercial space currently leased to one tenant and is approximately 3550 sq/ft. which includes the original home and the front Commercial office space. The lower level suite is not part of the lease, and is about 760 sq/ft. Large 7200 sq/ft lot. Nice updates throughout the commercial space and house. Great future potential for a work/live arrangement as house could be separated from commercial building at front, and it has it's own address and separate side entrance. Also a great future redevelopment property. (id:63159)
Financing calculator
Estimate your monthly payment on the $2,399,800 asking price.
Financing details
- Monthly debt service
- $23,293
- Cash required at close
- $504,960
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (Oak Bay)
- Population
- 17,990(-0.6% since 2016)
- Population density
- 1,710.1/km²
- Median household income
- $107,000
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 53.1%
- Postsecondary below bachelor's
- 20.0%
- High school diploma
- 19.7%
- No certificate/diploma
- 7.3%
Population aged 15 and over.
Commute
- Car, truck or van
- 69.6%
- Public transit
- 5.7%
- Walked
- 9.7%
- Bicycle
- 11.3%
- Other
- 3.7%
Commute duration
- Under 15 min
- 38.7%
- 15–29 min
- 42.6%
- 30–44 min
- 13.6%
- 45–59 min
- 2.2%
- 60+ min
- 2.8%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (1)
- The Oaks Restaurant · 2250 Oak Bay Avenue761m
Cafes (4)
- Windsor Cafe · 2540 Windsor Road123m
- Oak Bay Marina Coffee House310m
- FARO525m
- Ottavio · 2272 Oak Bay Avenue721m
Parks (5+)
- Windsor Park · 2451 Windsor Road163m
- Queen’s Park192m
- Marina Park330m
- Haynes Park · 1499 Beach Drive408m
- Native Plant Garden471m
Banks & ATMs (1)
- RBC · 2255 Oak Bay Avenue744m
Nearby places data: © OpenStreetMap contributors.
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All in Oak Bay →Frequently asked questions
What is the asking price for this business?
The asking price is $2,399,800.
Where is this business located?
This listing is located in Oak Bay, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 14, 2026.