Oak Bay Homes with Unrestricted Rentals Allowed

Oak Bay Homes with Unrestricted Rentals Allowed

Welcome to Oak Bay, a picturesque community nestled on the southern tip of Vancouver Island, British Columbia. Known for its stunning waterfront views, charming neighborhoods, and vibrant local culture, Oak Bay is a hidden gem that combines the tranquility of coastal living with the conveniences of urban life. With its tree-lined streets, historic architecture, and a strong sense of community, Oak Bay offers a unique blend of character and modern amenities.

For those considering a move to this enchanting area, you'll be pleased to discover that homes with unrestricted rentals are allowed here. This feature makes Oak Bay an attractive option for investors and homeowners alike, offering flexibility for those looking to generate rental income or create a secondary residence. Whether you're seeking a charming heritage home, a contemporary townhouse, or a cozy condo with ocean views, Oak Bay has a diverse range of properties to suit your lifestyle and investment goals.

With its proximity to downtown Victoria, Oak Bay is not only a haven for outdoor enthusiasts—with its scenic parks, beaches, and walking trails—but also a cultural hub, boasting art galleries, boutique shops, and delightful eateries. The local community takes pride in its rich history and vibrant social scene, making it an ideal place to live, work, and play.

Embrace the Oak Bay lifestyle, where your dream home awaits, complete with the freedom to rent without restrictions. Discover the beauty and opportunity that this charming coastal town has to offer!

Newest Oak Bay Homes with Unrestricted Rentals Allowed

$1,498,000
5 Beds ⋅ 3 Baths ⋅ 1044998 MLS
*OPEN HOUSE, THURSDAY AUG 6, 4:30-6* Located in the heart of South Oak Bay,this beautifully updated 5 bed/3 bath + den home offers a modern open-concept floor plan designed for comfortable living and entertaining.The Urbana-designed kitchen features granite countertops,a large island, s.s appls,and opens seamlessly to the living and dining areas.The upper level includes 3 bedrms and 2 baths,tile & hardwd floors,cozy electric f/p in living rm & quality accents.The lower level offers exceptional flexibility with a media room,2 additional bedrms,office,Laundry area w/ kitchenette,radiant in-floor heat and garage access,along w/ potential for a separate in-law suite or space for extended family.Enjoy year-round outdoor living on the southwest-facing covered patio,perfect for BBQs & entertaining.Exterior include upgraded drain tile,vinyl windows, modern siding,new landscaping,& fresh designer paint.Walk to top schools,\Oak Bay Village,beaches,parks,and all that the community offers.

2112 Pentland Rd, Oak Bay

Courtesy of RE/MAX Camosun

$1,100,000
2 Beds ⋅ 1 Baths ⋅ 1044981 MLS
This wonderful 2-bed home is nestled on a quiet side road, steps from Estevan village and local beaches. This home is a gardener's dream, formerly on the Urban Farm Tour, set up to supply food for the family, whether you are making cider or fresh salads; fresh eggs are available daily. Inside, you will find a renovated kitchen and bathroom, maintaining the country feel. Spend the evenings on your west-facing deck or walking a nearby beach.

2420 Dryfe St, Oak Bay

Courtesy of RE/MAX Camosun

$2,375,000
3 Beds ⋅ 3 Baths ⋅ 1044960 MLS
Situated on the corner of a cul-de-sac, this beautifully reimagined 3-bed 3-bath home was completely redesigned in 2020 by its architect-owner & expertly rebuilt. The refined renovation reveals a light-filled residence with an open-concept main floor & sought-after main floor primary suite. The designer kitchen showcases a striking 14-ft island, premium appliances, sleek quartz countertops, marble slab backsplash & custom-crafted cabinetry. Set on a generously sized landscaped lot with a sun-drenched SW-facing yard. Enjoy a private fenced courtyard with patio, a walk-out lower level, & expansive covered deck for year-round living. A newly built double garage & spacious driveway add convenience. The professionally curated garden, featured in the 2025 Victoria Conservatory of Music Mother’s Day Tour, creates a serene setting. Move in & enjoy a low-maintenance lifestyle in one of Victoria’s most sought-after neighbourhoods, moments from Willows & Gyro Beaches, Uplands Park & UVic.

3311 Gibbs Rd, Oak Bay

Courtesy of The Agency

$1,350,000
2 Beds ⋅ 1 Baths ⋅ 1044739 MLS
Open House Sunday August 9th 1-3pm. Just south of Uplands, superbly located with Willows Centre & Elementary School, just a sidewalk, block away. Estevan Village & Willows beach, a pleasant stroll away. 60 x 120-foot lot is level, nicely fenced & private. Oak Bay advises with current R-5 zoning that 4 dwelling units are supported as perfect Infill Housing. Over 16 feet of side yard allows for a new driveway access to back yard for new auxiliary building, garden suite, addition to existing home or adding on a duplex unit. This 1952 home is immaculate. 2026: new hot water tank. 2021: insulation by Alpine. 2020: window blinds. 2017; bathroom renovation. 2016: gas furnace system was replaced. 2011 – 2015: perimeter drains. 2008: Parker Johnson installed new 40-year fibreglass shingles. 2008: Van Isle windows all replaced. 1998; kitchen renovation. 1989: garage door and auto opener. This is a very well-loved and cared for home in a premiere location. Don’t wait for Open House. Call now.

2471 Dryfe St, Oak Bay

Courtesy of Cathy Duncan & Associates Ltd.

$1,749,000
4 Beds ⋅ 2 Baths ⋅ 1044706 MLS
Ideally positioned in one of South Oak Bay's most sought-after neighbourhoods, this beautifully maintained 4 bedroom, 2 bathroom residence offers over 2,400 sq ft of thoughtfully designed living space. The main level features vaulted ceilings, a welcoming living room with a wood-burning fireplace, a dedicated dining area, and a well-appointed kitchen opening to a covered deck overlooking the beautifully landscaped backyard. The spacious primary suite offers vaulted ceilings and a walk-out patio, while a versatile second bedroom or office and a full bathroom complete the main level. Downstairs provides exceptional flexibility with a generous family room, 2 additional bedrooms, a full bathroom, laundry, and a mudroom. Moments from Oak Bay Village, beaches, parks, excellent schools, cafés, and everyday amenities, this is an exceptional opportunity in one of Victoria's most desirable neighbourhoods.

2168 Bartlett Ave, Oak Bay

Courtesy of The Agency

$1,225,000
2 Beds ⋅ 2 Baths ⋅ 1043883 MLS ⋅ Upland Estates BLDG.
The Crown Jewel of Uplands Estates, this corner unit has an unrivalled location, terrific views of the ponds and ONE LEVEL LIVING! With 3 patio spaces and large picture windows, you can enjoy the tons of natural light, stunning gardens and peaceful water views from almost every room in the home. Extensively renovated to suit retirees who want a move-in ready condo in a well-managed strata. The incredible location sides onto Uplands Golf Course, steps to Henderson Rec Centre, tennis courts and the best walking trails at UVic. Beautiful laminate floors, updated kitchen and baths, 2 living spaces, a large primary bedroom, a breakfast nook and stunning dining room make this feel like a dream house, not a condo. Updates like a HEAT PUMP, Quartz countertops, double ovens, newer fridge and d/w and 2 electric fireplaces are thoughtful touches that you get to just move in and enjoy.

2345 Cedar Hill Cross Rd Unit ##129, Oak Bay

Courtesy of RE/MAX Camosun

$1,375,000
4 Beds ⋅ 4 Baths ⋅ 1044287 MLS
*Only 1 Remains* Introducing an exclusive collection of 3 brand new executive townhomes in the heart of prestigious South Oak Bay. Each residence offers nearly 1600 s/f of thoughtfully designed living space w/4Beds, 4Baths & 2 PARKING SPOTS, blending timeless architecture w/contemporary sophistication. Designed for the discerning buyer, this boutique development delivers a turnkey, low-maintenance lifestyle in Victoria’s most coveted neighbourhood. Bright, open-concept layouts span three levels, highlighted by designer finishes, elevated craftsmanship & luxurious kitchens ideal for modern living & entertaining. A highly desirable layout features 3Beds on the upper level, ideal for young families, while modern amenities include heat pumps, EV charging & tankless HWTs. Nestled away steps from Monterey Middle School, SMUS Junior School, Windsor Park, Victoria Golf Club & the McNeill Bay Oceanfront. A rare opportunity!

786 St. Patrick St Unit ##A, Oak Bay

Courtesy of Pemberton Holmes Ltd.

$1,680,000
5 Beds ⋅ 4 Baths ⋅ 1044299 MLS
Situated on a quiet, tree-lined street in the prestigious Henderson neighbourhood, this beautifully renovated 5-bedroom, 3-bathroom home sits on an expansive 9,914 sq.ft. south-facing lot. Thoughtfully updated throughout, it features a warm, functional layout with a spacious living room, cozy fireplace, French doors to an upper deck, formal dining room, and a bright kitchen that opens to the family room and covered patio overlooking the beautifully landscaped backyard. The upper level offers three generous bedrooms, including a spacious primary suite with a 5-piece ensuite, while an additional bedroom provides flexibility for family, guests, or a home office. The lower level features two self-contained living spaces with private entrances and separate laundry, ideal for multigenerational living or other accommodation needs. Ideally located within walking distance to UVic, Camosun College, St. Michaels University School, Recreation Centre, parks.

2065 Avondale Rd, Oak Bay

Courtesy of Pemberton Holmes Ltd.

$3,495,000
8 Beds ⋅ 4 Baths ⋅ 1043392 MLS
A rare hidden gem on Oak Bay’s premier waterfront! Situated in an unbeatable world class location this property offers sweeping ocean views. Distinguished by its generous footprint, light-filled living spaces, private 2nd-floor sun deck & unmatched privacy. This residence has been proudly lived in by the current owners for over 40 years & provides a spectacular canvas for the discerning buyer. Bring your personal design vision & modern touches to elevate one of Oak Bay's most sought after addresses. Step outside for direct access to Willows Beach, take in lively views of beach goers, windsurfers, passing ships, the sheer force of nature & the dramatic backdrop of the snow-capped mountains. Whether lightly updating or reimagining the interior to suit contemporary luxury living, the potential here is truly limitless including the possibility to split the home into 2 living spaces.You are steps to transit, short walking distance to schools & amenities.This home is an Oak Bay treasure.

2168 Esplanade, Oak Bay

Courtesy of Engel & Volkers Vancouver Island

$2,195,000
4 Beds ⋅ 3 Baths ⋅ 1044189 MLS
Tucked away in a coveted pocket of Oak Bay’s Henderson neighbourhood, 3331 Woodburn is a rare retreat blending timeless charm with modern comforts. This beautifully maintained home sits on an expansive, nearly 18,000 sq. ft. lot, offering complete privacy with lush gardens backing onto the prestigious Uplands Golf Course. Inside, thoughtful updates complement classic details like oak floors, cove ceilings, and abundant natural light from skylights. The spacious primary suite features a walk-in dressing room, while the generous family room is enhanced by custom built-ins and seamless access to an oversized sundeck—perfect for enjoying the serene surroundings. The lower level is a bright, self-contained, accessible suite with direct garden access, ideal for extended family or guests. A multi-zone irrigation system keeps the picturesque landscaping pristine, while patios, a gazebo, and a private hot tub create an idyllic outdoor oasis. A truly special Oak Bay offering.

3331 Woodburn Ave, Oak Bay

Courtesy of The Agency

$2,299,900
6 Beds ⋅ 3 Baths ⋅ 1044173 MLS
Life by the beach in Oak Bay! 218 Beach Dr pairs classic character with an easy coastal lifestyle, set on a sunny 9,000 sqft corner lot just steps from the beach. Ocean views, mature landscaping and a private garden with fruit trees create a beautiful and private setting. The bright kitchen features stainless appliances and opens to a sunny deck, perfect for morning coffee or evening unwinding. Upstairs, the primary suite captures lovely water views and offers a walk in closet plus a spa inspired ensuite with heated marble floors, clawfoot tub, double vanity and shower. A second upper bedroom makes a charming nursery, office or guest room. The main level adds two beds and a full bath with heated floors and jetted tub. Downstairs, the fully self contained two bedroom suite has its own sunny patio, making it a valuable mortgage helper. A double garage, metal roof, gas furnace, on demand hot water, vinyl windows, French doors and refinished hardwood complete this rare seaside offering.

218 Beach Dr, Oak Bay

Courtesy of RE/MAX Camosun

$659,000
2 Beds ⋅ 2 Baths ⋅ 1044096 MLS ⋅ Village Oaks BLDG.
Welcome to the highly desirable Village Oaks Condos. Offering 1,168 sq. ft. of bright and comfortable living space, Unit 303 features the building’s best corner location at the back of the building. Enjoy a quiet, private outlook onto the lush, landscaped inner gardens — one of the most peaceful and desirable spots in the entire complex. The spacious layout includes a well-appointed kitchen, generous living and dining area opening onto two balconies, a large primary bedroom with walk-in closet and 2-piece ensuite, plus a good-sized second bedroom served by a full 4-piece main bath. Additional highlights include convenient same-floor storage and a secure underground parking stall. This well-managed strata offers a library/meeting room, billiards/games room, workshop, and beautifully maintained grounds. Ideally situated on Oak Bay Avenue, you’re just steps from Oak Bay Village with easy access to shopping, restaurants, pubs, library, Monterey Centre and rec facilities and Willows beach

2125 Oak Bay Ave Unit ##303, Oak Bay

Courtesy of Sutton Group West Coast Realty

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