Property Type: Condo / ApartmentOwnership: Strata

202 5229 Cordova Bay Rd

Saanich, BC V8Y2L1

$1,350,000

2 bed2 bath1 parking1,282 sqftBuilt 2026
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
1,499 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$637/mo
Annual property tax
$1

Interior

Heating
Heat Pump, Other
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Parking

Total spaces
1

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
BedroomMain level
BathroomMain level
Living roomMain level
KitchenMain level
EnsuiteMain level
Primary BedroomMain level

Listing Information

MLS®
1044794
Listed
August 7, 2026
Time on market
On the market for 24 days
Data last synced
August 28, 2026

Listing provided by: Rennie & Associates Realty Ltd. · Data source: CREA DDF.

Description

Set within one of Cordova Bay’s most sought-after buildings, this exceptional east-facing 2-bedroom corner residence by GT Mann Construction offers refined craftsmanship and a thoughtfully designed layout. The primary bedroom captures morning sun with subtle ocean glimpses, while the second bedroom features floor-to-ceiling windows framed by mature cedar trees, providing both privacy and filtered natural light. The spacious living area is ideal for entertaining and flows seamlessly onto a covered 217 sq ft east-facing terrace—perfect for year-round use and sunrise mornings. Premium finishes include a WOLF induction suite, panelled Fisher & Paykel appliances, and custom Harbour City millwork with rift-cut white oak. Complete with ducted air conditioning and open-concept living, this is a rare offering in the heart of Cordova Bay. (id:63159)

Values & Trends

This listing

$1,053/sqft

Building average

$1,222/sqft

2 active listing(s)

Cordova Bay average

$851/sqft

25 active listing(s)

Parking: 1 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)

12°C

Humidity 89%

Wind NNW calm 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

26

3/9 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
Cordova Bay ElementaryElementary135 m
Claremont SecondarySecondary1.3 km
Lakeview Christian School(Independent)Elementary/Middle1.5 km
Lochside ElementaryElementary3.0 km
Royal Oak Middle SchoolMiddle4.0 km
Prospect Lake ElementaryElementary4.9 km
St. Margaret's(Independent)K-125.1 km
Keating ElementaryElementary5.2 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

Cafes (1)

  • Adriennes Tea Garden488 m

Parks (5+)

  • Unnamed158 m
  • Unnamed201 m
  • Agate Park268 m
  • Mattick's Wood Park314 m
  • Sayward Hill Park505 m

Pharmacies (2)

  • IDA · 5166 Cordova Bay Road297 m
  • IDA297 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 8.1% ($110,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,080,000.00
Periodic payment — Principal & Interest (monthly)$6,967.79
Additional monthly expenses (strata, tax, utilities, etc.)$700.84
Total monthly cost$7,668.64
Interest paid over 5-yr term$309,531.10
Balance at end of term$971,463.49

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$110,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,535.17

Cash Needed at Closing

Minimum down payment$110,000
Estimated BC PTT$25,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$136,500

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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