Property Type: Condo / ApartmentOwnership: StrataNEW LISTING

1259 Oceanwood Lane

Saanich, BC V8X0A4

$1,900,000

3 bed3 bath4 parking2,495 sqftBuilt 2010
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Property Details

Property & Lot

Sub-type
House
Style
Westcoast
Lot size
12,017 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$220/mo
Annual property tax
$9,588.19

Interior

Heating
Heat Pump, Forced air, Electric, Natural gas, Other
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Range - Gas, Dishwasher, Range, Dryer, Microwave, Freezer, Garburator, See remarks

Exterior & Lot

Lot features
Cul-de-sac, Irregular lot size

Building

Parcel ID (PID)
027-316-858

Parking

Total spaces
4

Restrictions & Policies

Pets
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
EnsuiteSecond level4-Piece
Sitting roomSecond level11'4 x 7'9
Living roomAdditional Accommodation3'9 x 9'5
PorchMain level10'6 x 15'6
BathroomMain level2-Piece
EntranceMain level12'8 x 11'8
BedroomMain level14'3 x 12'8
Laundry roomMain level10'4
Living roomAdditional Accommodation7'7 x 9'10
Living roomMain level18'6 x 17'2
Dining roomMain level13'1 x 14'1
KitchenMain level9'11 x 15'8
Primary BedroomMain level16'7
EnsuiteMain level5-Piece
PantryMain level5'8
Primary BedroomSecond level15'11 x 16'3

Listing Information

MLS®
1040605
Listed
August 27, 2026
Time on market
On the market for 4 days
Data last synced
August 31, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

Nestled within the sought after Oceanwood enclave in Cordova Bay, this custom built residence embodies the essence of West Coast living. Set on a private sun filled lot, this home has been meticulously maintained and showcases timeless design and quality craftsmanship. Offering 3 bedrooms and 3 bathrooms, including primary bedroom suites on both levels, highlighted by a dramatic great room with soaring 20-foot ceilings and rich solid cherry hardwood floors. Both spacious primary suites offer their own ensuites and walk-in closets, while a versatile flex room is ideal as a media room, office or third bedroom. The gourmet kitchen is appointed with professional grade appliances and opens to a private, sun drenched deck perfect for entertaining. Recent improvements throughout further enhance the comfort and ease of the home. This remarkable home captures the true beauty of West Coast living. An offering of enduring quality and quiet sophistication, designed to be enjoyed for years to come. (id:63159)

Values & Trends

This listing

$762/sqft

Building average

No other active listings in this building

Cordova Bay average

$863/sqft

25 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 (University of)

13°C

Humidity 83%

Wind WNW 2 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

117,735

(2021 Census)

+3.1% since 2016

Density: 1,136.5/km²

Dwellings: 50,064

Median household income: $93,000

After-tax: $83,000

Immigrant population: 22.5%

Top countries of origin (% of total population)

  • China3.5% · 4,110
  • United Kingdom3.2% · 3,760
  • India2.3% · 2,650
  • Philippines1.7% · 1,995
  • United States of America1.4% · 1,655
  • Germany0.6% · 730
  • Hong Kong0.6% · 720
  • Viet Nam0.5% · 540

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
Lochside ElementaryElementary664 m
Claremont SecondarySecondary2.2 km
St. Margaret's(Independent)K-122.7 km
Torquay ElementaryElementary2.9 km
Cordova Bay ElementaryElementary2.9 km
Lake Hill ElementaryElementary3.0 km
Gordon Head Middle SchoolElementary3.0 km
Royal Oak Middle SchoolMiddle3.1 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 (3)

  • Outerbridge Park441 m
  • Unnamed553 m
  • Unnamed623 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($380,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,520,000.00
Periodic payment — Principal & Interest (monthly)$9,806.52
Additional monthly expenses (strata, tax, utilities, etc.)$1,144.02
Total monthly cost$10,950.54
Interest paid over 5-yr term$435,636.37
Balance at end of term$1,367,244.92

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$380,000
Stress test qualifying rate8.09%
Payment you must qualify for$11,688.27

Cash Needed at Closing

Minimum down payment$380,000
Estimated BC PTT$36,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$417,500

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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