261 KING GEORGE TERRACE
Victoria · V8S2J8
$6,500,000
About this residence
Experience timeless elegance at 261 King George Terrace, a remarkable south-facing waterfront estate in Oak Bay's prestigious Gonzales neighbourhood. Built in 1933 and set on over 0.8 acres, this exquisite home boasts panoramic views of the ocean, Trial Islands, and Olympic Mountains from nearly every room. Watch whales from your beautifully landscaped backyard, framed by incredible natural rockwork. Inside, the home offers the flexibility of one-level living on the main floor featuring a spacious kitchen, formal dining and living room, principal suite, and more—making everyday living exceptionally convenient. Downstairs, a full-height walk-out basement expands your options with additional living space that opens into pristine grounds. Dual driveways each lead to their own detached double garage. With its historic charm, thoughtful layout, and spectacular setting, this is a rare opportunity to own one of Victoria’s most iconic seaside estates. (id:61366)
Property details
- Property type
- Single Family
- Style
- House
- Ownership
- Freehold
- Bedrooms
- 5
- Bathrooms
- 5
- Living area
- 6,061 sq ft
- Lot size
- 0.84
- Parking
- 8 spaces
- Fireplace
- 2
- Year built
- 1933
- Annual tax
- $33,870
- MLS®
- 1017278
- Board
- Victoria
- Status
- Inactive
- Listed
- Oct 10, 2025
- Updated
- Jan 4, 2026
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Patio | Lower level | 13 × 9 feet |
| Patio | Lower level | 18 × 17 feet |
| Patio | Lower level | 34 × 13 feet |
| Media | Lower level | 20 × 17 feet |
| Other | Lower level | 18 × 9 feet |
| Library | Lower level | 5 × 11 feet |
| Family room | Lower level | 20 × 30 feet |
| Utility room | Lower level | 8 × 8 feet |
| Laundry room | Lower level | 20 × 15 feet |
| Entrance | Lower level | 6 × 9 feet |
| Bedroom | Lower level | 13 × 16 feet |
| Bathroom | Lower level | 4-Piece |
| Ensuite | Lower level | 3-Piece |
| Bedroom | Lower level | 16 × 23 feet |
| Bathroom | Second level | 4-Piece |
| Other | Second level | 12 × 8 feet |
| Bedroom | Second level | 17 × 14 feet |
| Bedroom | Second level | 18 × 16 feet |
| Workshop | Main level | 13 × 19 feet |
| Patio | Main level | 42 × 14 feet |
| Patio | Main level | 6 × 13 feet |
| Patio | Main level | 6 × 21 feet |
| Patio | Main level | 41 × 13 feet |
| Bathroom | Main level | 2-Piece |
| Ensuite | Main level | 4-Piece |
| Primary Bedroom | Main level | 15 × 18 feet |
| Kitchen | Main level | 14 × 13 feet |
| Eating area | Main level | 13 × 10 feet |
| Dining room | Main level | 16 × 18 feet |
| Living room | Main level | 27 × 20 feet |
| Other | Main level | 27 × 9 feet |
| Entrance | Main level | 7 × 9 feet |
Features & finishes
Appliances
- Washer
- Refrigerator
- Dishwasher
- Dryer
- Stove
- Range
- Microwave
- Freezer
- Oven - Built-In
Heating
- Hot Water
- Natural gas
Lot
- Level lot
- Southern exposure
- Other
- Marine Oriented
- Rectangular
Views
- Mountain view
- Ocean view
Financing
Estimated monthly payment
$30,399/mo
Loan amount
$5,200,000
Down payment
$1,300,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Victoria
Nearby
About the area
Census · V8S- 17,294
- Population
- 52
- Median age
- $94,000
- Median income
- $1,300,000
- Median home value
- 65%
- Home ownership
- 21 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 261 KING GEORGE TERRACE?
261 KING GEORGE TERRACE is listed for $6,500,000, in Victoria.
How many bedrooms and bathrooms does 261 KING GEORGE TERRACE have?
It offers 5 bedrooms and 5 bathrooms.
What type of home is 261 KING GEORGE TERRACE?
261 KING GEORGE TERRACE is a Single Family, House, built in 1933.
How large is 261 KING GEORGE TERRACE?
The home offers approximately 6,061 sq ft of living space on a lot measuring 0.84.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $30,399. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $33,870 per year.
Is there parking?
Yes — 261 KING GEORGE TERRACE includes 8 parking spaces.
What is the Victoria area like?
Victoria has a population of about 17,294, a median age of 52, a 65% home-ownership rate, with an average commute of about 21 minutes.
What is the average home value in Victoria?
The median dwelling value in this area is approximately $1,300,000, based on census data via Neighbourly.
What is the median household income in Victoria?
The median household income in this area is approximately $94,000.
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