Greater Victoria home sells for record-breaking $13.2 million
The Oak Bay, B.C., property had an assessed value of $13.8 million in 2021, including $8.14 million for the land and $5.67 million for the building, according to BC Assessment. (Sotheby's)
A record-breaking home sale near Victoria has set a new benchmark for Vancouver Island's priciest single-family home ever sold through the real estate industry's multiple listing service (MLS).
The 1.67-acre waterfront estate in Oak Bay, B.C., sold for $13,195,000 to a Canadian buyer despite garnering international interest, according to Sotheby's International Realty Canada.
The record sale price was actually well below the property's asking price of $15.5 million.
The 11,900-square-foot mansion at 3155 Beach Dr. was built in 2016 and contains five bedrooms and eight bathrooms.
(Sotheby's)
Sotheby's says the home also features a wine cellar, three fireplaces and unobstructed views of the ocean and Mount Baker. There's also a pebble beach and two small private islands included in the sale.
"At a time when the Victoria real estate market has seen solid demand and limited inventory, this breathtaking property garnered ample interest not only from local buyers, but those who came from other parts of Canada, the U.S. and from around the world," said Sotheby's agent Lisa Williams in a statement Wednesday.
The Oak Bay, B.C., property had an assessed value of $13.8 million in 2021, including $8.14 million for the land and $5.67 million for the building, according to BC Assessment. (Sotheby's)
The property had an assessed value of $13.8 million in 2021, including $8.14 million for the land and $5.67 million for the building, according to BC Assessment.
The previous record for highest house price in the region was set in June 2021, when a 67-acre Metchosin, B.C., property sold for $12 million, according to BC Assessment.
(Sotheby's)The new record could be short-lived, however, as two properties in the Greater Victoria region are currently listed at higher asking prices. A home at 8388 West Saanich Rd. in Central Saanich, B.C., is listed for $16.75 million, and a home at 1110 Lands End Rd. in Saanich, B.C., is listed for $16.5 million.
"In times of global uncertainty, Canadian real estate is regarded not only as a 'safe haven' financial investment, but as a literal 'safe harbour' offering personal safety and security," said Sotheby's Canada president and CEO Don Kottick.
"This record-breaking sale is a very strong indicator that the region will continue to see strong local and global demand for its luxury suburban, recreational and vacation real estate."
CTVNews.ca Top Stories
'They needed people inside Air Canada:' Police announce arrests in Pearson gold heist
Police say one former and one current employee of Air Canada are among the nine suspects that are facing charges in connection with the gold heist at Pearson International Airport last year.
Why drivers in Eastern Canada could see big gas price spikes, and other Canadians won't
Drivers in Eastern Canada face a big increase in gas prices because of various factors, especially the higher cost of the summer blend, industry analysts say.
Customers disappointed after email listing $60K Tim Hortons prize sent in error
Several Tim Horton’s customers are feeling great disappointment after being told by the company that an email stating they won a boat worth nearly $60,000 was sent in error.
Toronto Raptors player Jontay Porter banned from NBA
Toronto Raptors player Jontay Porter has been handed a lifetime ban from The National Basketball Association (NBA) following an investigation which found he disclosed confidential information to sports bettors, the league says.
House admonishes ArriveCan contractor in rare parliamentary show of power
MPs enacted an extraordinary, rarely used parliamentary power on Wednesday, summonsing an ArriveCan contractor to appear before the House of Commons where he was admonished publicly and forced to provide answers to the questions MPs said he'd previously evaded.
Woman who pressured boyfriend to kill his ex in 2000s granted absences from prison
A woman who pressured her boyfriend into killing his teenage ex more than a decade ago will be allowed to leave prison for weeks at a time.
Trump lawyers say Stormy Daniels refused subpoena outside a Brooklyn bar, papers left 'at her feet'
Donald Trump's legal team says it tried serving Stormy Daniels a subpoena as she arrived for an event at a bar in Brooklyn last month, but the porn actor, who is expected to be a witness at the former president's criminal trial, refused to take it and walked away.
Attempt to have murder charge quashed against alleged serial killer dismissed by judge
A motion filed by the man accused of killing four Indigenous women in Winnipeg to have one of those murder charges quashed has been dismissed by the judge – weeks before the start of his trial.
Government proposes new policy for federally regulated employees to disconnect from work
In their 2024 budget, the federal government wants to amend the Canada Labour Code, so employers in federally regulated sectors will eliminate work-related communication with employees outside of scheduled hours. If implemented, this would affect roughly 500,000 employees across the country.
Shopping Trends
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
Vancouver
-
B.C. asks anglers to help eradicate this sport fish common in the rest of Canada
The British Columbia government is encouraging anglers to pack their tackle boxes and head out to a remote lake on Vancouver Island as the province attempts to eradicate an invasive population of sport fish.
-
Nurses rally at B.C. Interior hospital over security, staffing concerns
Nurses held a rally Wednesday at a hospital in the B.C. Interior that closed its emergency department more than a dozen times last year due to insufficient staff.
-
Here's when the Cambie Street Bridge is closing for an overnight film shoot
The filming of a "major motion picture" will require a Vancouver bridge to be closed overnight this week, according to the city.
Kelowna
-
Nurses rally at B.C. Interior hospital over security, staffing concerns
Nurses held a rally Wednesday at a hospital in the B.C. Interior that closed its emergency department more than a dozen times last year due to insufficient staff.
-
B.C. to add 240 complex-care housing units throughout province
British Columbia is planning to add 240 new units to its complex-care housing program, providing homes for people with mental-health and addictions challenges that overlap with other serious conditions.
-
Evacuation of Kelowna, B.C., apartment near construction site extended for two weeks
More than 80 residents from a low-income apartment building in Kelowna, B.C., have learned they won't be able to return to their homes for at least another two weeks.
Edmonton
-
More than 150 people reported crashes in Edmonton Wednesday
More than 150 people have reported vehicle crashes in Edmonton on Wednesday.
-
Oilers a fitting opponent for what could be Coyotes' last game in Arizona
In at least a couple of ways, it's fitting the Edmonton Oilers will be the Arizona Coyotes' final opponent before the Desert Dogs shed their Kachina-styled uniforms for whatever hues and themes may await them in Salt Lake City.
-
Spring snow stalls golfers but moisture welcomed by courses and fire crews
While snow and ice aren't ideal weather for hitting the links, a local golf course said it's happy to see some April precipitation.
Calgary
-
Woman, 61, killed in crash north of Coaldale, Alta.: RCMP
An Alberta woman was killed in a multi-vehicle crash on a highway north of Coaldale, Alta., on Wednesday morning.
-
'Blue Sky City': Calgary unveils new brand
Calgary has a new brand and it's looking up.
-
6 Calgarians charged in credit card scam involving Sports Select and Keno
Six Calgary residents have been charged in relation to a credit card scam involving Sports Select and Keno.
Lethbridge
-
Central Alberta man arrested in connection with grandparent scam
Lethbridge police have arrested a Vermilion, Alta., man in connection with a 'grandparent scam' that took aim at a local senior.
-
Woman, 61, killed in crash north of Coaldale, Alta.: RCMP
An Alberta woman was killed in a multi-vehicle crash on a highway north of Coaldale, Alta., on Wednesday morning.
-
Highway 3 projects loom large in provincial highways planning
With or without federal support, improvements to a major southern Alberta highway continue because of its critical economic importance as an east-west corridor, the province says.
Winnipeg
-
'Totally wrong': Winnipeg man says landlord denied life-changing medical equipment
A Winnipeg man is raising a red flag after his landlord said no to health-care equipment that could change his life – a problem he believes is a human rights issue.
-
Attempt to have murder charge quashed against alleged serial killer dismissed by judge
A motion filed by the man accused of killing four Indigenous women in Winnipeg to have one of those murder charges quashed has been dismissed by the judge – weeks before the start of his trial.
-
'A living nightmare': Winnipeg woman sentenced following campaign of harassment against man after online date
A Winnipeg woman was sentenced to house arrest after a single date with a man she met online culminated in her harassing him for years, and spurred false allegations which resulted in the innocent man being arrested three times.
Regina
-
BREAKINGBREAKING STF members set to vote on final offer
The province has given the Saskatchewan Teachers’ Federation (STF) a final offer, which will go to members for a vote.
-
Regina man says he was wrongfully evicted from seniors' facility and left with nowhere to go
A Regina man who says he was given two hours to vacate the seniors' home he lived in after being evicted should not have been forced to move in the first place.
-
Sask. NDP calls on province to reveal private lawyer spending on pronoun case
The Saskatchewan NDP is calling on the province to reveal an estimate of how much public money the province has paid to private lawyers for its pronoun court case.
Saskatoon
-
BREAKING
BREAKING STF members set to vote on final offer
The province has given the Saskatchewan Teachers’ Federation (STF) a final offer, which will go to members for a vote.
-
Former Sask. massage therapist who sexually assaulted clients has day parole revoked
A former massage therapist who pleaded guilty to a string of sexual assaults has had his day parole revoked.
-
‘Assaults are on the rise’: Union of Federal Correction Officers protests workplace conditions
The Union of Federal Correctional Officers is voicing urgent concerns over what they describe as escalating violence within federal facilities.
Toronto
-
'They needed people inside Air Canada:' Police announce arrests in Pearson gold heist
Police say one former and one current employee of Air Canada are among the nine suspects that are facing charges in connection with the gold heist at Pearson International Airport last year.
-
Toronto city council approves increased fines for more than 100 parking violations
Toronto councillors have voted in favour of increasing fines for more than 100 parking violations.
-
Customers disappointed after email listing $60K Tim Hortons prize sent in error
Several Tim Horton’s customers are feeling great disappointment after being told by the company that an email stating they won a boat worth nearly $60,000 was sent in error.
Montreal
-
Legault still doesn't know the price of a 4 1/2 in Montreal
François Legault still doesn't know the price of a 4 1/2 apartment in Montreal, three years after getting bogged down on the issue.
-
Quebec says education ministry presentation for parents could have been in English after all
In the latest example of the confusion surrounding Quebec's new language law, the education ministry has confirmed that a presentation delivered only in French to English-speaking parents last week could have been done in English after all.
-
Montreal police open fire on driver in suspected stolen vehicle intervention
Quebec's police watchdog has opened an investigation into a Montreal police (SPVM) intervention in the Côte-des-Neiges–Notre-Dame-de-Grâce borough that ended with one person seriously injured.
Ottawa
-
GAS PRICESGAS PRICES Ottawa gas prices expected to increase 14 cents a litre on Thursday
Ottawa motorists are being warned to expect a big hike in gasoline prices this week, as prices rise to the highest level since August 2022.
-
'We'd like to see it move faster': The push to increase activity in downtown Ottawa
Talk of transitioning federal buildings into housing has been in the works for a couple of years and it's a move that business leaders in Ottawa say can't come soon enough.
-
Customers disappointed after email listing $60K Tim Hortons prize sent in error
Several Tim Horton’s customers are feeling great disappointment after being told by the company that an email stating they won a boat worth nearly $60,000 was sent in error.
Atlantic
-
N.S. RCMP investigating sudden death in Bass River
The RCMP says it is investigating a sudden death in Nova Scotia’s Colchester County.
-
Why drivers in Eastern Canada could see big gas price spikes, and other Canadians won't
Drivers in Eastern Canada face a big increase in gas prices because of various factors, especially the higher cost of the summer blend, industry analysts say.
-
500 Newfoundlanders wound up on the same cruise and it turned into a rocking kitchen party
A Celebrity Apex cruise to the Caribbean this month turned into a rocking Newfoundland kitchen party when hundreds of people from Canada's easternmost province happened to be booked on the same ship.
London
-
'Everyone is devastated': Hockey community mourns loss of young leader
The hockey community in Chatham-Kent and beyond is mourning the sudden death of a player caught in a highway crash this week in London.
-
New smart washroom the talk of Grand Bend
It’s not every day that a new washroom becomes the talk of the town. But in the Lake Huron tourist community of Grand Bend a new so-called smart washroom has many residents and business owners flush with joy.
-
Mud Creek channelling unique approach to infill development
Mud Creek in northwest London, Ont., east of Wonderland Road along Oxford Street is an area that has been left vacant for decades.
Kitchener
-
Police services board wants new approach to St. Patrick's Day
The Waterloo Region Police Services Board wants to explore new ways of dealing with an annual unsanctioned St. Patrick’s Day street party in Waterloo’s University District.
-
'They needed people inside Air Canada:' Police announce arrests in Pearson gold heist
Police say one former and one current employee of Air Canada are among the nine suspects that are facing charges in connection with the gold heist at Pearson International Airport last year.
-
KW Titans need more fans to break even
Despite being at the top of the Basketball Super League standings, the KW Titans are struggling to make ends meet.
Northern Ontario
-
$200M arena decision ‘a big step’ for Sudbury’s future, mayor says
In a lengthy council meeting Tuesday night, city council in Sudbury unanimously voted to build a new arena and events centre downtown.
-
Sudbury murder suspect talked about his role in ‘his girl’ getting hurt, witness testifies
A former girlfriend of a murder suspect in Sudbury testified Wednesday that he talked about his role in the deaths a day after a firebombing that killed three people.
-
Body of missing man found, northern Ontario police say
The body of a missing man has been found after his vehicle was pulled into a northern creek on Saturday morning, Ontario Provincial Police say.
N.L.
-
500 Newfoundlanders wound up on the same cruise and it turned into a rocking kitchen party
A Celebrity Apex cruise to the Caribbean this month turned into a rocking Newfoundland kitchen party when hundreds of people from Canada's easternmost province happened to be booked on the same ship.
-
Protest averted as Newfoundland and Labrador premier helps reach pricing deal on crab
A pricing agreement has been reached between crab fishers and seafood processors that will allow for Newfoundland and Labrador's annual crab fishery to get started.
-
A fish harvester's protest threatens Newfoundland and Labrador's crab season -- again
Longliners across Newfoundland and Labrador are tied up once again, as a new protest by the province's fish harvesters threatens to derail the crab fishery for a second straight year.
