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3475 Upper Terrace Rd
OB Uplands Oak Bay V8R 6E6

$7,249,000
Residential beds: 6 baths: 7.0 5,878 sq. ft. built: 1914

Main Photo: 3475 Upper Terrace Rd in Oak Bay: OB Uplands Single Family Residence for sale : MLS®# 1028287
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Status:
Active
Prop. Type:
Residential
MLS® Num:
1028287
Bedrooms:
6
Bathrooms:
7
Year Built:
1914
Set on a private 1.084-acre lot along a tree-lined street in Uplands, this 1914 Tudor home offers a rare blend of historic charm and refined modern living. Substantially renovated with the finest materials while carefully preserving its original heritage character, classic architectural elements are complemented by sophisticated updates, creating a warm and inviting residence designed for both everyday living and entertaining. The landscaped gardens provide a tranquil retreat, complete with a tennis court, greenhouse, detached double garage, and a self-contained lower suite ideal for in-laws or visiting friends. From the property, enjoy uninterrupted water views, enhancing the home’s extraordinary setting. The property also presents future development potential to subdivide into three lots: 2 stratified lots + SFD lot. A truly special offering that combines heritage beauty, exceptional privacy, spectacular views & outstanding potential in Victoria's most coveted neighborhood.
Property Type:
Residential
Type:
Single Family Residence
Year built:
1914 (Age: 112)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
5,878 sq. ft.
Listing General Location:
OB Uplands, Oak Bay
Bedrooms:
6
Bathrooms:
7.0 (Full:-/Half:-)
Lot Size:
1.084 acre(s)
Kitchens:
2
Home Style:
Tudor
Taxes:
Construction:
Concrete, Frame Wood, Stucco
Basement:
Finished, Not Full Height, Walk-Out Access, With Windows
Foundation:
Concrete Perimeter
Roof:
Asphalt Shingle
Other Structures:
Greenhouse, Guest Accommodations, Storage Shed
Ceiling Heights:
Floor finish:
Carpet, Hardwood, Other
Total Building Area:
5,878 sq. ft.
Total Unfinished Area:
0 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
7
# Main Level Bedrooms:
0
# Second Level Bedrooms:
4
# Third Level Bedrooms:
1
# Lower Level Bedrooms:
1
# Other Level Bedrooms:
0
# Main Level Bathrooms:
2
# Second Level Bathrooms:
4
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
1
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
1
# Other Level Kitchens:
0
Living Area Lower Floor:
785 sq. ft.
Living Area Main Floor:
2,911 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
1,901 sq. ft.
Living Area 3rd Floor:
281 sq. ft.
Fireplaces:
6
Fireplace Details:
Family Room, Gas, Living Room, Wood Burning
Laundry Features:
In House
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Baseboard, Electric, Hot Water, Radiant Floor
Fireplace:
Yes
Pending Date:
Built-In Range, Dishwasher, F/S/W/D, Freezer, Microwave, Oven/Range Electric, Range Hood, Refrigerator, Washer
Closet Organizer, Dining/Living Combo, Eating Area, French Doors, Soaker Tub, Storage, Winding Staircase, Wine Storage, Workshop
Stained/Leaded Glass
Balcony/Deck, Balcony/Patio, Fenced, Garden, Lighting, Security System, Tennis Court(s)
Mountain(s), Ocean
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
3rd Floor
3rd Floor
3rd Floor
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Floor
Ensuite
Pieces
Other
Main Floor
Main Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
Lower Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
District of Oak Bay
Legal Description:
Zoning:
R1
Accessibility:
Ground Level Main Floor, No Step Entrance
Units in Building:
Units in Community:
Number of 2 piece baths:
2
Number of 3 piece baths:
1
Number of 4 piece baths:
2
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
2
Property Condition:
Contact List Licensee
Exposure / Faces:
West
Layout:
Main Level Entry with Lower/Upper Lvl(s)
Lot Site Features:
Acreage, Easy Access, Gated Community, Landscaped, Marina Nearby, Near Golf Course, Private, Quiet Area, Recreation Nearby, Rectangular Lot, Shopping Nearby, Southern Exposure
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
2
Garage:
Yes
Parking Features:
Detached, Driveway, Garage Double, Open
Total Parking Spaces:
5
Road Surface Type:
Paved
Total Units:
Date Listed:
Mar 12, 2026
Original Price:
7249000.0
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Listed by The Agency
Data was last updated March 27, 2026 at 12:05 PM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$4,724,500
Min list price:
$2,099,900
Max list price:
$27,999,000
Avg days on market:
41
Min days on market:
11
Max days on market:
119
Avg price per sq.ft.:
$895.94
These statistics are generated based on the current listing's property type and located in OB Uplands. Average values are derived using median calculations. This data is not produced by the MLS® system.

Why Buy a House or Condo in Oak Bay ?


Oak Bay is one of the most desirable neighborhoods in Victoria, British Columbia. With its beautiful tree-lined streets, charming architecture, and stunning waterfront views, it's no wonder that many people are drawn to this area. Whether you're in the market for a house or a condo, there are plenty of reasons why Oak Bay might be the perfect place for you to call home. In this blog, we'll take a closer look at some of the top reasons to buy a house or condo in Oak Bay.


Really important !  Oak Bay is known for its outstanding quality of life. The neighborhood is home to numerous parks and green spaces, including the famous Oak Bay Beach Hotel and Spa, which offers a variety of recreational activities and wellness services. There are also plenty of hiking trails and beaches to explore, making it a perfect location for outdoor enthusiasts. With its friendly community feel and safe atmosphere, Oak Bay is a great place to raise a family or enjoy your golden years.

I also like that to buy a house or condo in Oak Bay is its proximity to downtown Victoria. With a quick drive or bus ride, you can be in the heart of the city in just minutes. This means that you'll have easy access to all of the shopping, dining, and cultural amenities that the city has to offer, without sacrificing the peace and tranquility of a quieter neighborhood.

In addition to its outstanding location, Oak Bay is also home to some of the most beautiful and historic homes in Victoria. The area boasts a wide range of architectural styles, from classic Victorian homes to modern contemporary designs. Whether you're looking for a cozy bungalow or a spacious waterfront estate, you're sure to find something that suits your taste and budget in Oak Bay.

If you're in the market for a condo, Oak Bay offers a number of excellent options as well. From modern high-rise buildings to charming heritage properties, there is a wide range of condos available to suit a variety of lifestyles and budgets. Many of the condos in Oak Bay offer stunning views of the ocean or the city skyline, and some even come with amenities such as swimming pools, fitness centers, and on-site concierge services.

When it comes to real estate investments, Oak Bay is also a great choice. The neighborhood has consistently held its value over the years and has seen steady appreciation in property values. Whether you're looking to buy a home for yourself or as an investment property, Oak Bay is a smart choice that is sure to pay off in the long run.

In conclusion, there are plenty of reasons to consider buying a house or condo in Oak Bay. With its outstanding quality of life, proximity to downtown Victoria, beautiful homes and condos, and strong real estate market, it's no wonder that Oak Bay is one of the most sought-after neighborhoods in Victoria. Whether you're a young family, a retiree, or a real estate investor, Oak Bay has something to offer everyone.

If you're considering purchasing a home or condo in Oak Bay, it's important to work with a knowledgeable and experienced real estate agent who can help guide you through the process and ensure that you find the perfect property for your needs and budget. Your agent can provide valuable insights into the local real estate market, help you navigate the sometimes complex process of purchasing a home, and ensure that you get the best possible deal on your new property.

In conclusion, if you're looking for a great place to call home in Victoria, BC, Oak Bay should be at the top of your list. With its unbeatable location, charming homes and condos, and outstanding quality of life, there's no better place to enjoy all that this beautiful city has to offer. So why wait? Start exploring the many great homes and condos available in Oak Bay today and discover the perfect property for your needs and lifestyle.

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.