1387 ST. DAVID STREET, Oak Bay, British Columbia V8S4Z2

OPEN HOUSE Sat Oct 31, 1PM - 2.30PM A distinguished South Oak Bay residence featuring two legal dwellings with separate civic addresses (1387 & 1389 St. David), offering exceptional privacy, generous proportions and timeless character on a beautifully landscaped .3-acre lot. A rare opportunity combining refined living, versatility and long-term value in one of Oak Bay's most desirable neighbourhoods. The detached 630 sqft Accessory Dwelling Unit (ADU) is fully permitted and holds a formal Occupancy Certificate from Oak Bay, a significant distinction that makes this property exceptionally difficult to replicate. Creating a second legal dwelling of this calibre in Oak Bay can involve years of permitting and neighbour consultation, with construction costs estimated to exceed $500K today. All of that work is already complete. Ideal for multigenerational living, in laws, a nanny, a home-based practice, or as a potential income property generating approximately $2,400/month. The thoughtfully finished space includes a custom kitchen, full bathroom, radiant heating and heat pump A/C. The principal residence has been thoughtfully enhanced with approximately $220K in upgrades completed in 2023, blending timeless character with modern comfort. The beautifully appointed kitchen features a Wolf gas range and double convection ovens, complemented by engineered oak herringbone flooring, custom French doors, elegant wall panelling and two fireplaces. Further improvements include zoned heating, upgraded insulation, a new NTI on-demand boiler and hot water tank, enhancing both comfort and long-term livability. Mature gardens create a private and tranquil setting, with a sheltered rear patio for outdoor enjoyment. Ideally situated within walking distance of Oak Bay Village, its restaurants, cafes, shops and nearby beaches. An exceptional offering that brings together character, thoughtful upgrades and the rare flexibility of two fully legal residences.. (id:39198)

Inclusions: Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave, Freezer