Property Type: Condo / ApartmentOwnership: Strata

206 5110 Cordova Bay Rd

Saanich, BC V8Y2K5

$1,098,000

2 bed3 bath1 parking2,084 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
2,084 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$1,098/mo
Annual property tax
$4,536.13

Interior

Heating
Baseboard heaters, Electric, Natural gas
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed
Age / occupancy
Age restriction applies

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

Room Dimensions

RoomLevelDimensions
BalconyMain level
Dining roomMain level
KitchenMain level
Eating areaMain level
Family roomMain level
DenMain level
StorageMain level
Primary BedroomMain level
EnsuiteMain level
BedroomMain level
EnsuiteMain level
Laundry roomMain level
BathroomMain level
BalconyMain level
BalconyMain level
BalconyMain level
Living roomMain level
EntranceMain level

Listing Information

MLS®
1031853
Listed
April 16, 2026
Time on market
On the market for 137 days
Data last synced
August 28, 2026

Listing provided by: Macdonald Realty Victoria · Data source: CREA DDF.

Description

If you're looking for an upscale property in a serene setting then you've just found your new home in Cordova Bay Beach Estates! This charming condo is a hidden paradise in a building that offers resort-like amenities with a pool, hot tub, clubhouse, EV car charging and guest suites. Savor a morning coffee or relax after work with a cold glass of wine on the gorgeous balcony while you enjoy the views of Mt. Baker and listen to the sounds of the sparkling pond where the tall Japanese maples grow. You'll love hosting dinner parties in the large dinning area while you prepare a tasty meal in the kitchen accented with quartz counter tops. Curl up with a favorite book on a stormy night in front of the cozy gas fireplace. The floorplan for this large corner-unit is excellent. There are recent updates and room to add your touch. This is a friendly 55+ complex with a strong sense of community that’s pet and rental friendly. Enjoy an active lifestyle with an evening walk at the gorgeous local beaches / parks, a round of golf at the courses in the area, or meet up with friends for a snack and some shopping at Mattick’s Farm. This condo makes for a terrific investment or a wonderful home so please act soon as it won't be around for long! (id:63159)

Values & Trends

This listing

$527/sqft

Building average

$513/sqft

3 active listing(s)

Cordova Bay average

$872/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)

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

19

2/9 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 ElementaryElementary582 m
Claremont SecondarySecondary791 m
Lakeview Christian School(Independent)Elementary/Middle1.6 km
Lochside ElementaryElementary2.5 km
Royal Oak Middle SchoolMiddle3.4 km
St. Margaret's(Independent)K-124.6 km
Prospect Lake ElementaryElementary4.7 km
Lake Hill ElementaryElementary4.9 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 (5+)

  • Unnamed147 m
  • Catalina Park190 m
  • Unnamed254 m
  • McMorran Park · 5099 Cordova Bay Road256 m
  • Unnamed382 m

Pharmacies (2)

  • IDA256 m
  • IDA · 5166 Cordova Bay Road256 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 7.7% ($84,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$878,400.00
Periodic payment — Principal & Interest (monthly)$5,667.14
Additional monthly expenses (strata, tax, utilities, etc.)$1,580.07
Total monthly cost$7,247.21
Interest paid over 5-yr term$251,751.96
Balance at end of term$790,123.64

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$84,800
Stress test qualifying rate8.09%
Payment you must qualify for$7,791.15

Cash Needed at Closing

Minimum down payment$84,800
Estimated BC PTT$19,960
Legal / closing costs (typical estimate)$1,500
Total cash needed$106,260

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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