Luxury sale reflects market boost

The deal marks one of the most expensive property sales in Greater Victoria since 2006

  • Nov. 6, 2015 6:00 a.m.
The property at 1069 Beach Drive in Oak Bay was appraised at $8.1 million and while it sold for less than its appraised value

The property at 1069 Beach Drive in Oak Bay was appraised at $8.1 million and while it sold for less than its appraised value

Kendra Wong

Black Press

Driving through the tall gates and up the gravel road of the oceanfront property at 1069 Beach Dr. is like entering another world.

Trees stand tall and lush, and the grass is thick and green. The luxury home is a turn-of-the-century granite mansion at 9,000 square feet stretching along 277 feet of waterfront in Oak Bay.

The home was originally built in 1912 by the family who founded Victoria’s Butchart Gardens and sits across the street from the Victoria Golf Club.

It includes six bedrooms, eight bathrooms, six fireplaces, two kitchens, a drawing and dining room, elevator and library.

All but one of the rooms offers views of San Juan Island and Mount Baker.

Now, after four years on the market, the home has been sold, making it one of the most expensive sales in Greater Victoria since 2006.

“It’s the type of property that gives you warm tingly feelings when you’re on it. It’s incredible,” said Donald St. Germain, a realtor with Sotheby’s International Realty Canada, who sold the home.

“It’s unlike anything you’ve ever seen.”

Over the years, St. Germain has had many prospective buyers, but no takers.

With the average city lot roughly 5,000 to 7,000 square feet in size, the roughly 2.9 acres of land is generally out of the average homebuyer’s price range.

“It’s not one of those houses that you move across town for, for work. People just stand back in awe, it’s huge,” he said.

But late last week, St. Germain was able to place a “sold” sign on the front lawn.

“It hasn’t really sunk in yet. I’m happy for my client that the property has sold. I’m just excited it’s actually happened and I put a sold sign up today,” he said, adding he’s unable to say who the buyers were.

St. Germain said the selling of the luxury home signals an increase in consumer confidence in the Greater Victoria real estate market again.

“The whole real estate industry of the last few years has been going up again,” he said.

“I’m hoping we’ll see this into 2016 and beyond.”

According to Realtor.ca, there are two other luxury homes for sale on Beach Drive in Oak Bay.

One is a Tuscan-influenced home at just over 4,100 square feet listed for $2.1 million.

The other property is more than 10,000 square feet with nine bathrooms, five fireplaces and five bedrooms for a cool $5.8 million.

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Royal Roads University president Philip Steenkamp said they are aware of hateful graffiti spray-painted in an area of the forest surrounding the campus. The graffiti in question includes anti-Semitic content and a racial slur towards Black people. (Facebook/Royal Roads University)
Anti-Semitic, hateful graffiti spotted in forest near Royal Roads University

Royal Roads working with West Shore RCMP to remove graffiti “as soon as possible”

A cougar was spotted at Royal Roads University on Sunday, Jan. 24. The sighting was reported on the western edge of the campus. (File photo)
Cougar spotted at Royal Roads University Sunday afternoon

Animal reported on western side of campus near Colwood Fire Department

Saanich-based St. Luke’s Players community theatre company has been making the most of their opportunities to keep busy during the pandemic, including staging a Christmastime panto of Alice in Wonderland on Zoom. (Courtesy St. Luke’s Players)
Saanich’s St. Luke’s Players: Bringing the stage to the people

Community theatre company holding online auditions Jan. 23-24 for March production

Frank Bourree was awarded the Greater Victoria Chamber of Commerce’s first Governors’ Award of Distinction for his leadership in the business community. (Courtesy of Frank Bourree)
Frank Bourree receives award of distinction from Victoria chamber

Award recognizes positive role model in business community

The Habitat for Humanity Meaning of Home contest is open to students in Grades 5 to 6. (Screenshot/Habitat for Humanity video)
Habitat for Humanity launches national writing contest

Entries accepted from students in Grades 4 to 6 until Feb. 19

Terrance Josephson of the Princeton Posse, at left, and Tyson Conroy of the Summerland Steam clash during a Junior B hockey game at the Summerland Arena in the early spring of 2020. (John Arendt - Summerland Review)
QUIZ: How much do you know about hockey?

Test your knowledge of Canada’s national winter sport

A woman injects herself with crack cocaine at a supervised consumption site Friday, Jan. 22, 2021 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
Drug users at greater risk of dying as services scale back in second wave of COVID-19

It pins the blame largely on a lack of supports, a corrupted drug supply

Wet’suwet’en supporters and Coastal GasLink opponents continue to protest outside the B.C. Legislature in Victoria, B.C., on Thursday, February 27, 2020. THE CANADIAN PRESS/Chad Hipolito
‘We’re still in it’: Wet’suwet’en push forward on rights recognition

The 670-km Coastal GasLink pipeline was approved by B.C. and 20 elected First Nations councils on its path

The sky above Mt. Benson in Nanaimo is illuminated by flares as search and rescuers help an injured hiker down the mountain to a waiting ambulance. (Photo courtesy Nanaimo Search and Rescue)
Search plane lights up Nanaimo mountain with flares during icy rope rescue

Rescuers got injured hiker down Mt. Benson to a waiting ambulance Saturday night

Jennifer Cochrane, a Public Health Nurse with Prairie Mountain Health in Virden, administers the COVID-19 vaccine to Robert Farquhar with Westman Regional Laboratory, during the first day of immunizations at the Brandon COVID-19 vaccination supersite in Brandon, Man., on Monday, January 18, 2021. THE CANADIAN PRESS/Tim Smith - POOL
Top doctor urges Canadians to keep up with COVID measures, even as vaccines roll out

More than 776,606 vaccines have been administered so far

From the left: Midway RCMP Csts. Jonathan Stermscheg and Chris Hansen, Public Servant Leanne Mclaren and Cpl. Phil Peters. Pictured in the front are Mclaren’s dog, Lincoln and Peters’ dog, Angel. Photo courtesy of BC RCMP
B.C. Mounties commended for bringing firewood to elderly woman

Cpl. Phil Peters said he and detachment members acted after the woman’s husband went to hospital

Dr. Jerome Leis and Dr. Lynfa Stroud are pictured at Sunnybrook Hospital in Toronto on Thursday, January 21, 2021.THE CANADIAN PRESS/Frank Gunn
‘It wasn’t called COVID at the time:’ One year since Canada’s first COVID-19 case

The 56-year-old man was admitted to Toronto’s Sunnybrook Health Sciences Centre

An Uber driver’s vehicle is seen after the company launched service, in Vancouver, Friday, Jan. 24, 2020. Several taxi companies have lost a court bid to run Uber and Lyft off the road in British Columbia. THE CANADIAN PRESS/Darryl Dyck
Taxi companies lose court bid to quash Uber, Lyft approvals in British Columbia

Uber said in a statement that the ruling of the justice is clear and speaks for itself

Nanaimo Regional General Hospital. (News Bulletin file photo)
COVID-19 outbreak declared at Nanaimo hospital

Two staff members and one patient have tested positive, all on the same floor

Most Read