This delightful WEST-facing waterfront home is situated on a sunny parcel in a tranquil & coveted Oak Bay neighbourhood, offering panoramic views across Gonzales Bay to the snow-capped Olympic Mountains! The home features a versatile & spacious layout that can comfortably house 2 families, w/a 2-bed/2-bath main level that includes a private entrance, generous living/dining/kitchen areas, laundry & private patio. The upper level space is equally impressive, with 2 beds/2 baths, living/dining room and full-sized kitchen...plus a den, family rm, laundry, and an expansive deck overlooking the ocean. Perfect for multi-generational living or as a single family home w/optional income-producing rental suite, this immaculately cared-for, low-maintenance property boasts breathtaking vistas & stunning sunsets. A unique feature for the area, the property also offers a BOATHOUSE AND A DAVIT for launching smaller boats, plus convenient access to a sandy beach for kayaking or paddleboarding!