Property Type: Detached HouseOwnership: Freehold

10994 Madrona Dr

North Saanich, BC V8L5R7

$2,350,000

3 bed2 bath4 parking2,179 sqftBuilt 2010
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Property Details

Property & Lot

Sub-type
House
Lot size
10,019 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,376.92

Interior

Heating
Forced air, Electric, Propane
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
4 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
StorageLower level
BedroomLower level
PatioMain level
BathroomMain level3-Piece
Laundry roomMain level
BedroomMain level
EnsuiteMain level4-Piece
Primary BedroomMain level
Mud roomMain level
Family roomMain level
KitchenMain level
Dining roomMain level
Living roomMain level
EntranceMain level

Listing Information

MLS®
1046591
Listed
August 11, 2026
Time on market
On the market for 20 days
Data last synced
August 28, 2026

Listing provided by: Macdonald Realty Ltd. (Sid) · Data source: CREA DDF.

Description

Set along the coveted shores of Deep Cove, this impeccably maintained Arts & Crafts residence pairs timeless craftsmanship with an exceptional waterfront lifestyle. Substantially rebuilt in 2010, with a thoughtfully designed addition completed in 2016, the home showcases exceptional attention to detail, quality craftsmanship, and pride of ownership throughout. Designed for effortless main-level living, it features two primary bedroom suites, separate entrances, and an ideal layout for multigenerational living or guests. Rich hardwood floors, custom millwork, vaulted ceilings, and expansive windows frame picturesque ocean views. Enjoy warm afternoon sun from the sundeck or stroll to the nearby beach, where sheltered waters invite swimming, paddleboarding, kayaking, and unforgettable sunsets. Beautifully landscaped grounds complete this exceptional offering, just minutes from the Town of Sidney, wineries, and parks. (id:63159)

Values & Trends

This listing

$1,078/sqft

Building average

No other active listings in this building

Deep Cove average

$911/sqft

5 active listing(s)

Parking: 4 stall(s) includedStorage locker: Not indicated

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)

Mainly Clear

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

SchoolTypeDistance
Deep Cove ElementaryElementary1.5 km
Parkland SecondarySecondary4.2 km
North Saanich Middle SchoolMiddle4.6 km
Sidney ElementaryElementary6.1 km
Brentwood College(Independent)Secondary6.5 km
George Bonner ElementaryElementary6.6 km
ḰELSET ElementaryElementary7.1 km
Frances Kelsey SecondarySecondary7.2 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 (2)

  • R.O. Bull Park334 m
  • Denham Till Park700 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($470,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,880,000.00
Periodic payment — Principal & Interest (monthly)$12,129.12
Additional monthly expenses (strata, tax, utilities, etc.)$723.74
Total monthly cost$12,852.87
Interest paid over 5-yr term$538,813.40
Balance at end of term$1,691,066.08

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$470,000
Stress test qualifying rate8.09%
Payment you must qualify for$14,456.54

Cash Needed at Closing

Minimum down payment$470,000
Estimated BC PTT$48,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$520,000

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.

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