Blog by Brenda Russell

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Oak Bay Real Estate

Great news for Oak Bay real estate.  Finally the barriers have been broken with the recent sale located in the Uplands area of Oak Bay.  The National Post wrote a little article featuring this home. 

Biggest home sale of the year in Victoria sparks optimism on the West Coast

National Post  Published: Thursday, June 25, 2009

HandoutThe home boasts a 1,500-bottle wine cellar and Tuscan-style tasting room, a 12-seat movie theatre, and five fireplaces

The home boasts a 1,500-bottle wine cellar and Tuscan-style tasting room, a 12-seat movie theatre, and five fireplaces

A $6-million, 9,560-square-feet home in Victoria marks the region's biggest real estate sale of 2009.

The waterfront estate by luxury home specialists Sotheby's International Realty was built by NHL great Russ Courtnall and is on Cadboro Bay in Victoria's Uplands neighbourhood. The home has played host to celebrities from Kiefer Sutherland to Pamela Anderson.

Along with its star-studded history, it boasts impressive amenities: a 1,500-bottle wine cellar and Tuscan-style tasting room, a 12-seat movie theatre, seven bedrooms, eight bathrooms, a gym, and five fireplaces.

I thought it would be interesting to share some news...

Jim Flaherty, Federal Minister of Finance was doing his report on the economy this evening on the CTV news and in his remarks compared to the rest of the world Canada is doing well. We have the lowest deficit of the G7 countries.

House sale prices in Oak Bay have all been under $2,000,000. this year until now!  This year the number of current listings as of today priced over $2,000,000. in Oak Bay are thirteen.  Six in South Oak Bay, seven in the Uplands, and one in North Oak Bay.  For 2008 there were a total of 7 sales over $2,000,000.  Sales ranged from $2,100,000. - $2,999,000.  Four in South Oak Bay, two in the Uplands and one in the Gonzales area of Oak Bay.  Below is a map of the different areas in Oak Bay to help you see the location of these sales.

If you are considering selling or buying real estate in Victoria please call me direct at 250.744.4556 or toll free at 1.800.550.0585 to discuss, I have been licensed for 19 years and grew up in Oak Bay.  I look forward to hearing from you and please stay tuned for more updates...

Oak Bay Real Estate on Vancouver Island