3475 Upper Terrace Rd

3475 Upper Terrace Rd · Oak Bay · House · 6 bed · 7 bath · $6,995,000 · MLS 1028287

Oak Bay, British Columbia
C$6,995,000
For sale
3475 Upper Terrace Rd

3475 Upper Terrace Rd is located in Oak Bay. Property snapshot: House, 6 bed, 7 bath, listed at $6,995,000, MLS 1028287. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: -. BurnabyHouse Deal Score: 50/100. Latest recorded l

List Price: $6,995,000
MLS: 1028287
Bedrooms: 6
Bathrooms: 7
Interior Size: 5,878 sqft
Days on Market: -
Days on Site: 74
Deal Score: 50/100
Price History: Latest recorded list price 6995000.00; 1 price change(s) on file

Local Decision Guide

How should buyers evaluate 3475 Upper Terrace Rd?

Start by reading this listing in its Oak Bay context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 3475 Upper Terrace Rd?

This page shows a list price of $6,995,000 with MLS 1028287.

What type of home is this Oak Bay listing?

The page shows House, 6 bed, 7 bath at 3475 Upper Terrace Rd. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about - days on market/site. Latest recorded list price 6995000.00; 1 price change(s) on file.

What does the Deal Score of 50/100 mean?

Deal Score is a BurnabyHouse screening score based on list price, assessment, DOM, strata fees, rent yield and area-average signals. It helps with first-pass screening and does not replace inspection, financing, legal or municipal due diligence.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

Set on a private 1.084-acre lot along a picturesque tree-lined street in prestigious Uplands, this dreamy 1914 Tudor home offers exceptional privacy and a rare blend of historic charm and refined modern living. Substantially renovated and thoughtfully expanded over time, the home showcases the finest materials while preserving its heritage character. Inside, impeccable attention to detail is evident throughout, with hardwood floors, marble finishes, stone vanities, and elegant ceiling mouldings that reflect the home’s refined craftsmanship while blending timeless elegance with modern comfort. The kitchen and eating area feature beautiful arched ceilings and overlook the landscaped gardens, creating a stunning setting that will impress and entertain while seamlessly connecting indoor and outdoor living. The main floor offers an elegant and functional layout with a living room, card room, family room, office, and den—ideal for both entertaining and everyday living. Upstairs, the spacious primary bedroom includes a large walk-in closet and a luxurious 6-piece ensuite with a bathtub perfectly positioned to capture sea views. Three additional bedrooms and three bathrooms complete the second floor. The beautifully landscaped grounds provide a private retreat with a tennis court, greenhouse, detached double garage, and a self-contained lower suite ideal for in-laws or visiting guests. Enjoy uninterrupted water views from this exceptional property. Adding further value, the property presents future development potential with the possibility to subdivide into three lots: two stratified lots of 6,759 sq ft each and one SFD lot of 33,351 sqft. Minutes from schools, parks, UVic, Uplands Golf Club, and the Royal Victoria Yacht Club, this is a truly special offering in one of Victoria’s most coveted neighbourhoods. (id:56153)

Property Details

House
Building Type
6
Bedrooms
7
Bathrooms
1914
Year Built
112 years
Age
74
Days on Site
47,045 sf
Lot Area
5,878 sqft
Interior Size
C$1,190
Price per Sqft

Transaction: For sale

Status: active

Listing ID: 29463796 (1028287)

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Site Context

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Property Summary

Price: C$6,995,000

Lot Area: 47,045 sf

PID: 001-034-707

Days on Site: 74 days

Added to BurnabyHouse: 2026-03-28

Updated on: 2026-06-09 02:01 PM PDT

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Lot info

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Schools

No school catchment matches were found for this listing yet.

Nearby Points of Interest

Grocery / Food Access
Pepper's Foods
About 1.1 km away
3829 Cadboro Bay Road
The Old Farm Market
About 1.7 km away
2585 Cadboro Bay Road
Shopping Centres
Shelbourne Plaza
About 2.4 km away
Shelbourne Village Square
About 2.5 km away
3749 Shelbourne Street, Saanich
Parks / Green Space
OAK BAY ISLANDS ECOLOGICAL RESERVE
About 2.1 km away
3094 · 00
TEN MILE POINT ECOLOGICAL RESERVE
About 2.6 km away
3066 · 00

Price History

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BC Assessment

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BC Assessment Sales History & Nearby Sales

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Last Updated: Tue, 09 Jun 2026 01:01:10 PM PDT

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