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Legal suiteNew build

$3,595,000

1256 Oliver St

Save this home

Beds

4

Baths

5

Sqft

Year

2026

Type

Single Family

Suite

Legal suite

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Oak Bay. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

CONSTRUCTION STARTED - EST COMP DEC. 2026 - A stunning modern craftsman new build in the heart of South Oak Bay, designed by Lorri McCrackin and will be expertly constructed by Patriot Homes. The main offers an open-concept living space with a sleek kitchen featuring Bosch & Fisher Paykel appliances. Step off the living room to your WEST-FACING back patio and outdoor kitchen. An office, mudroom, 2-piece bath & ELEVATOR complete this level. Upstairs, you will find 3 bedrooms, including a stunning primary. Also on this level, a 4-piece bath & laundry. The lower level features a media room/space for guests, complete with a 4-piece bath. As well as a one-bed LEGAL suite. With a beautifully balanced exterior of shingle siding, natural stone, & warm wood accents, the home will combine high-end finishes and thoughtful design for modern living. Reach out to learn more about this exceptional opportunity to secure a brand-new, custom home in beautiful South Oak Bay! INFO PACK AVAILABLE, EST COMPLETION 2026. (id:65958)

Subtype
Single Family
Architectural style
Character, Contemporary
Structure
House
Community
South Oak Bay
Common interest
Freehold
Living area
3,782 square feet
Lot size
6,360 square feet
Lot dimensions
6360
Parking
3 total
Fireplace
1
On market
Apr 20, 2026
Status changed
Apr 20, 2026
Annual tax
$7,283.71
Zoning
Residential
Photos
14
MLS#
1032679
Area
OAK_BAY

Features and systems

Parking

Garage

Appliances

RefrigeratorRange - GasDishwasherRangeDryerMicrowaveFreezer

Heating

Heat PumpOther

Cooling

Air Conditioned

Lot

OtherMarine Oriented
Negative cash flow ~$297/mo at these assumptions

Cash on cash

-0.50%

Cap rate

4.76%

GRM

13.9

Break-even rent

$21,888

Financing

Down payment$719,000
Loan amount$2,876,000
Mortgage$14,572/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,648
Insurance$80
Maintenance$2,996
CapEx reserve$1,498
Vacancy loss$1,079

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $14,572/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.

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