Property Type: Detached HouseOwnership: Freehold

11392 Chalet Rd

North Saanich, BC V8L5L9

$3,599,000

4 bed4 bath4 parking3,151 sqftBuilt 2026
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Property Details

Property & Lot

Sub-type
House
Lot size
16,553 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$9,442.79

Interior

Heating
Heat Pump, Electric, Natural gas, Other
Cooling / A/C
Fully air conditioned, Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
BathroomMain level5-Piece
OtherLower level
OtherLower level
BedroomLower level
BathroomLower level3-Piece
Bonus RoomLower level
PatioLower level
PatioMain level
PatioMain level
Living roomMain level
Dining roomMain level
PantryMain level
KitchenMain level
BathroomMain level2-Piece
Laundry roomMain level
BathroomMain level4-Piece
BedroomMain level
BedroomMain level
Primary BedroomMain level
EntranceMain level

Listing Information

MLS®
1037125
Listed
May 15, 2026
Time on market
On the market for 108 days
Data last synced
August 28, 2026

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

Description

Set on 0.37 acres of southwest-facing waterfront in the coveted Deep Cove neighbourhood of North Saanich, this brand-new contemporary home offers protected ocean views, warm evening sun, and breathtaking sunsets. Built by Villamar Homes, the 3,151 sq.ft. residence blends refined modern design with natural coastal textures. The open-concept main level features soaring 10’–16’ ceilings, oversized sliding doors, and seamless indoor-outdoor living to a 400+ sq.ft. oceanfront sundeck. The primary bedroom is conveniently located on the main floor with a private courtyard and spa-inspired ensuite. A gourmet kitchen with premium appliances anchors the living space, ideal for entertaining. The lower level offers 10’ ceilings and a flexible layout with potential for a guest or family suite. Enjoy direct beach access for kayaking and paddle boarding, all within an idyllic, walkable seaside community just minutes to local beaches, winery, and café. (id:63159)

Values & Trends

This listing

$1,142/sqft

Building average

No other active listings in this building

Lands End average

$863/sqft

17 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

4

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 ElementaryElementary1.9 km
Parkland SecondarySecondary4.7 km
North Saanich Middle SchoolMiddle5.2 km
George Bonner ElementaryElementary6.8 km
Sidney ElementaryElementary6.8 km
Brentwood College(Independent)Secondary6.9 km
Frances Kelsey SecondarySecondary7.4 km
ḰELSET ElementaryElementary8.2 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

Restaurants (1)

  • Deep Cove Chalet · 11190 Chalet Road524 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($719,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,879,200.00
Periodic payment — Principal & Interest (monthly)$18,575.62
Additional monthly expenses (strata, tax, utilities, etc.)$944.90
Total monthly cost$19,520.52
Interest paid over 5-yr term$825,187.00
Balance at end of term$2,589,849.71

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$719,800
Stress test qualifying rate8.09%
Payment you must qualify for$22,140.04

Cash Needed at Closing

Minimum down payment$719,800
Estimated BC PTT$97,950
Legal / closing costs (typical estimate)$1,500
Total cash needed$819,250

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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