10968 Madrona Dr
North Saanich, BC V8R6K2
$2,699,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 11,326 square feet
- Zoning
- Residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,314.98
Interior
- Heating
- Heat Pump, Hot Water
- Cooling / A/C
- Air Conditioned
- Fireplace
- Yes (2)
Exterior & Lot
- View
- Mountain view, Ocean view
- Waterfront
- Waterfront on ocean
Parking
- Total spaces
- 5
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Lower level | 3-Piece |
| Bathroom | Main level | 5-Piece |
| Balcony | Second level | — |
| Patio | Lower level | — |
| Patio | Main level | — |
| Patio | Main level | — |
| Sunroom | Second level | — |
| Laundry room | Main level | — |
| Bedroom | Lower level | — |
| Family room | Lower level | — |
| Primary Bedroom | Main level | — |
| Bathroom | Main level | 2-Piece |
| Kitchen | Main level | — |
| Living room | Main level | — |
| Entrance | Main level | — |
Listing Information
- MLS®
- 1041351
- Listed
- June 24, 2026
- Time on market
- On the market for 69 days
- Data last synced
- August 28, 2026
Listing provided by: Pemberton Holmes Ltd. - Oak Bay · Data source: CREA DDF.
Description
Oceanfront with Dock. Perched at the water’s edge on a private waterfront lot in Deep Cove, this retreat-like property offers a rare connection to the ocean. With the shoreline just steps away, you’ll feel as though you’re living aboard a boat while enjoying all the comfort and luxury of home. A setting this close to the water simply couldn’t be replicated today, making it an exceptionally rare offering. Meticulously restored from the foundation up with no expense spared, the interior retains the charm of a true Pan Abode while the exterior has been completely rebuilt. Accordion doors on both levels open fully to the deck, seamlessly extending your living space outdoors and inviting the surrounding natural beauty inside to complement the home’s warm, earthy finishings. Thoughtfully designed for year-round enjoyment, the home features an observatory-style study with a retractable roof, in-floor radiant heating, and a heat pump for efficient comfort in every season. (id:63159)
Values & Trends
This listing
$1,209/sqft
Building average
—
No other active listings in this building
Deep Cove average
$885/sqft
5 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Victoria (Hartland)
16°C
Mainly Clear
Humidity 73%
Wind S 6 km/h
Tonight
12°
Tuesday
19°
Tuesday night
13°
Wednesday
15°
Wednesday night
11°
Thursday
15°
Source: Environment and Climate Change Canada.
Population
12,235
(2021 Census)
+8.8% since 2016
Density: 329.3/km²
Dwellings: 5,235
Median household income: $121,000
After-tax: $104,000
Immigrant population: 16.6%
Top countries of origin (% of total population)
- United Kingdom6.8% · 830
- United States of America1.6% · 195
- Germany0.8% · 100
- Netherlands0.8% · 100
- India0.7% · 80
- China0.5% · 60
- South Africa, Republic of0.4% · 45
- Hong Kong0.2% · 30
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
7
1/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Deep Cove Elementary | Elementary | 1.7 km |
| Parkland Secondary | Secondary | 4.4 km |
| North Saanich Middle School | Middle | 4.8 km |
| Brentwood College(Independent) | Secondary | 6.3 km |
| Sidney Elementary | Elementary | 6.3 km |
| George Bonner Elementary | Elementary | 6.4 km |
| Frances Kelsey Secondary | Secondary | 7.0 km |
| ḰELSET Elementary | Elementary | 7.3 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Parks (1)
- R.O. Bull Park313 m
Nearby places data: © OpenStreetMap contributors.
School district: Saanich (SD63)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($539,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.