Likely one of the most opulent and rightfully expensive homes in Oak Bay is up for sale and the asking price has been set at a whopping $11.5 million.
The home located at 1069 Beach Drive sits on nearly three acres of waterfront property that includes beautiful gardens. According to the property’s realtor, they were created by the Butchart family who created the world renowned Butchart Gardens.
The view from the backyard looks out upon Mount Baker and San Juan Island.
The mansion was built back in 1912 and still holds that old-timey character while featuring upgraded kitchens, bathrooms and upholstery.
This grand manor is nearly 9,000 square feet with stunning wood features throughout the house that are original to the original construction of the house.
Some notable features are the wainscot paneled walls, the library and the commercial grade kitchen, perfect for onsite catering while entertaining numerous guests.
The last time the house changed hands was in 2016 when it sold for just over $7.5 million.
The neighbourhood of south Oak Bay is mostly retirees and pensioners with no kids who have an average age of 65, according to Realtor.ca. The average annual household income per year is around $209,285.
If you want to drop the $11.5 million on this home, be aware that you best have an extra $64,000 in the bank to cover its annual property taxes.