Ob North Oak Bay Homes with Unrestricted Rentals Allowed

Welcome to the picturesque subdivision of North Oak Bay, a hidden gem nestled in the charming municipality of Oak Bay, British Columbia. This delightful community offers a perfect blend of natural beauty, modern conveniences, and a vibrant lifestyle, making it an ideal place to call home.

North Oak Bay is renowned for its stunning landscapes, characterized by lush greenery, beautiful parks, and breathtaking views of the nearby ocean. Residents enjoy easy access to the region’s pristine beaches, scenic walking trails, and inviting recreational facilities. The area is steeped in a rich history, with quaint architecture and a welcoming atmosphere that reflects the unique character of Oak Bay.

One of the standout features of North Oak Bay is the availability of homes with unrestricted rentals allowed. This flexibility opens up a world of possibilities for homeowners and investors alike, making it an attractive option for those looking to generate rental income or simply maintain the freedom to rent their property as they wish. Whether you’re seeking a cozy bungalow, a modern townhouse, or a spacious family home, you’ll find a diverse range of properties to suit your needs.

With its friendly community vibe, excellent schools, and proximity to vibrant local shops and dining options, North Oak Bay is not just a place to live; it's a lifestyle. Experience the best of coastal living in this charming subdivision, where every day feels like a vacation. Come discover your dream home in North Oak Bay today!

Newest Ob North Oak Bay Homes with Unrestricted Rentals Allowed

$1,650,000

4 Beds ⋅ 3 Baths ⋅ 1043580 MLS

This lovingly cared for 4 bedroom, 3 bathroom Oak Bay character home has come to market for the first time in 70 years, w/a 3 bed, 1 bath main living area w/a full height 1 bed, 1 bath walkout suite. This beautiful home has undergone extensive renovations, incl. complete foundation replacement & excavation resulting in the 8' lower level, hurricane strapping, new perimeter drains, plumbing upgrades, 200 amp service, new gas furnace & HVAC & renovated main level w/new kitchen. Enjoy the modern comforts of these upgrades in a home rich w/character, natural light & spaciousness. The upper level has 3 large bedrooms w/a 4pc bath, ideal for a family. The private, fully-fenced yard has direct access via the deck off the kitchen, perfect for summer entertaining & kids. The home has plenty of storage, closets throughout & spacious driveway parking. Bring your ideas to the unfinished bsmt area, ready for additional bedrooms, bathrooms or flex space. This home is a rare offering & a must-see!

1597 Monterey Ave, Oak Bay

Courtesy of Coldwell Banker Oceanside Real Estate

$1,475,000

3 Beds ⋅ 2 Baths ⋅ 1041393 MLS

Location, lifestyle, and charm—this is easy Oak Bay living at its best. Welcome to a beautifully updated 3-bedroom, 2-bath home with an inviting ensuite and the comfort of single-floor living throughout. Enjoy effortless access to Oak Bay Village, with shops, dining, and everyday conveniences just steps away—plus the beach is nearby for that classic coastal lifestyle. Inside, you’ll appreciate the home’s natural flow, bright living spaces, and a spacious laundry room, complemented by thoughtful modern upgrades that make daily life simple—and entertaining seamless. Step outside to a tranquil garden designed for year-round relaxation, whether you’re enjoying quiet afternoons or hosting friends. Ideally suited for downsizers, professionals, or a small family seeking a polished, low-stress place to call home.

1697 Yale St, Oak Bay

Courtesy of The Agency

$5,650,000

4 Beds ⋅ 6 Baths ⋅ 1040895 MLS

With commanding presence, exquisite craftsmanship & breathtaking ocean views, this Oak Bay Estate blends dramatic coastal beauty with refined living on a gated 0.55-acre lot. A grand entrance opens to a soaring 24-ft vaulted foyer w/ skylit sitting area & fireplace. Throughout the home, rich millwork in warm wood & crisp white, along with coffered ceilings, adds elegance to every space. The upper level features a luxurious primary retreat w/ fireplace, arched ceilings & 6-piece ensuite. A study opens to a balcony w/ sweeping ocean views, while 2 additional bedrooms w/ ensuites and WIC offer comfort & privacy. The lower level is designed for leisure, including a dance studio, wine cellar, hobby room, rec room w/ wet bar & bed & bath. Outdoors, sun-drenched patios overlook a tranquil pond & beautifully manicured gardens. A staggered 3-car garage provides ample space, making this exceptional estate a rare opportunity to own a distinguished home on Oak Bay’s coveted coastline.

1580 Beach Dr, Oak Bay

Courtesy of The Agency

$999,000

3 Beds ⋅ 2 Baths ⋅ 1034481 MLS

Location, location, location! Oak Bay character home for under $1 million! Built in 1908, the charming home has been updated over the years and features 3 bedrooms, 2 bathrooms with 1800+ sf finished area and a partially finished basement with great potential. 10-foot ceilings on the main level, fir floors, bedrooms with window seats, bathroom with clawfoot tub, a functional kitchen. Nestled on a flat, sun-filled 50 x 125 lot + cobble stone driveway. It could be a great starter home to enter the Oak Bay housing market. Steps to Oak Bay Avenue, rec center & grocery shopping, easy bus route to University, Camosun & Downtown. Whether you're looking to invest, renovate to your own taste, capitalize on rental income, or possible future development potential, this lovely home is ready for you. Vacant and ready for immediate possession!

1729 Foul Bay Rd, Oak Bay

Courtesy of Pemberton Holmes Ltd.

$3,599,000

5 Beds ⋅ 5 Baths ⋅ 1029029 MLS

Discerning Character. Substantially reimagined, this stately 5 bedroom, 1921 residence is nestled on a sunny 12,000 sq ft lot on a private lane off prestigious Beach Dr. With more than $800K in upgrades this tranquil oasis offers a fully updated & efficient 4,500 sq ft. home situated behind custom automated gates. Substantial work includes a chefs kitchen by Urbana with huge island & an array of high-end appliances, new sunroom off the living room, new decks, new primary retreat, gas to the house for more efficient heating with 3 new gas fireplaces & boiler system for hydronic underfloor heat. New concertina doors open from the dining room to a refinished west-facing patio. The gardens are meticulously maintained with gorgeous details including multiple crevice gardens & ample opportunity for outdoor entertaining, including a new slate patio. Detached double garage. Centrally located in Oak Bay near to Oak Bay Marina, GNS Junior School & a short stroll to the Village.

2655 Shady Lane, Oak Bay

Courtesy of Sotheby's International Realty Canada

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