Sale of Uplands Mansion Sets New Price Record on Vancouver Island

Dated: November 28 2023

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Historic Sale Sets New Record in Oak Bay's Real Estate Market

In a historic moment for Oak Bay's real estate market, an extraordinary 11,900-square-foot waterfront mansion located in the prestigious Uplands neighborhood has fetched a record-breaking sale price of $13.195 million. This remarkable achievement not only underscores the appeal of Oak Bay's luxury properties but also establishes a new benchmark for the Greater Victoria area's real estate market.

The Epitome of Luxury Living

The mansion, situated at 3155 Beach Drive, captivated the attention of buyers worldwide with its timeless and elegant design, boasting beautiful hand-crafted finishing and appointments throughout. The property features five generously sized bedroom suites, each luxuriously appointed, and eight bathrooms. The well-designed layout caters to both large-scale entertaining and relaxed family living, making it the quintessential residence for those seeking the ultimate in luxury.

A Global Attraction

The sale, facilitated by the esteemed listing agent Lisa Williams of Sotheby's International Realty Canada and buying agent Callaghan O'Connor of EXP, also saw interest from prospective buyers not only across Canada but also from the United States and around the world. This level of global interest speaks to the allure of Victoria's waterfront real estate and the caliber of properties that Oak Bay has to offer.

Setting Records and Raising the Bar

The sale of 3155 Beach Drive sets a new record within the realm of MLS-listed properties in the Greater Victoria area, surpassing the previous record set just a year ago when a property in Metchosin at 529 Swanwick Rd. changed hands for $12 million. The Swanwick property featured a remarkable 10,500-square-foot house that had received architectural awards.

Callaghan O'Connor: Elevating Oak Bay Group to New Heights

One of the facets of this historic transaction lies in the fact that it was orchestrated by Callaghan O'Connor, an esteemed figure within the realm of real estate. This achievement serves to further cement Oak Bay Group's prominent standing as one of the preeminent firms in the province specializing in luxury real estate. Remarkably, Oak Bay Group now lays claim to an impressive five entries within the top 10 record-breaking sales in the distinguished Oak Bay district. This resounding success stands as a testament to their steadfast dedication to the pursuit of excellence and their consistent capacity to yield exceptional outcomes in the exclusive high-end real estate market.

Notably, Callaghan O'Connor continues to lead the way in sales within the prestigious Uplands neighborhood of British Columbia, affirming his reputation as a trailblazer in this esteemed locale.

It's worth noting that the record applies specifically to MLS-listed properties. Notably, a property on Towner Park Road in North Saanich, where Prince Harry and Meghan Markle stayed during the winter of 2019, was listed for $18 million in 2012 but was not marketed within MLS, and the actual selling price remained undisclosed.

The Pinnacle of Luxury Living

The current highest-listed price for a house in the capital region on MLS is $16.75 million for a property located at 8338 West Saanich Rd. This property, once owned by the now-disgraced investment adviser Ian Thow, offers a large waterfront property with a 20-meter-long dock, a helipad, and a two-bedroom guest house. In recognition of its exceptional design and features, the house received an award from the Canadian Homebuilders' Association in 1999 for being the best single-family detached home of more than 3,500 square feet.

The Future of Luxury Real Estate in Oak Bay

The historic sale of 3155 Beach Drive not only sets a new standard but also paves the way for the future of luxury real estate in Oak Bay. As discerning buyers continue to seek out exclusive properties along the waterfront, Oak Bay remains a premier destination for those in search of the finest in luxury living.

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