Property Type: Condo / ApartmentOwnership: Strata

306 5110 Cordova Bay Rd

Saanich, BC V8Y2K5

$898,000

2 bed3 bath1 parking2,331 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
2,331 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$1,229/mo
Annual property tax
$6,063.6

Interior

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

Exterior & Lot

View
Ocean view

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed with restrictions
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
BalconyMain level
BalconyMain level
Laundry roomMain level
DenMain level
EnsuiteMain level4-Piece
BedroomMain level
EnsuiteMain level4-Piece
Primary BedroomMain level
BathroomMain level2-Piece
PantryMain level
Dining roomMain level
Living roomMain level
Family roomMain level
KitchenMain level
EntranceMain level

Listing Information

MLS®
1038981
Listed
June 2, 2026
Time on market
On the market for 90 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty · Data source: CREA DDF.

Description

Welcome to Suite 306 at Cordova Bay Beach Estates, a rare opportunity to own an exceptionally spacious 2,300 sq. ft. condominium with water views in the heart of Cordova Bay. Offering the comfort and scale of a house with the ease of condominium living, this residence features a bright and well-designed layout ideal for both everyday living and entertaining. The expansive living room is filled with natural light and centred around a gas fireplace, creating a warm and inviting gathering space. An oversized dining area provides the perfect setting for hosting family and friends, while the kitchen offers ample cabinetry, generous counter space, and a walk-in pantry, flowing seamlessly into the adjoining family room. This thoughtfully designed home features two large primary bedrooms, each complete with full ensuites and walk-in closets, providing exceptional comfort and privacy. A spacious den or home office with built-in cabinetry and desk offers flexibility for remote work, hobbies, or additional guest space. Enjoy the outdoors with over 300 sq. ft. of balcony space, including partially covered for year-round use, perfect for relaxing or taking in the surrounding views and coastal atmosphere. Cordova Bay Beach Estates is a well-managed and professionally run strata where pride of ownership is evident throughout the beautifully maintained grounds, featuring mature landscaping, tranquil ponds, fountains, and a welcoming waterfall entrance. Residents enjoy outstanding amenities including an indoor swimming pool, clubhouse, two guest suites, secure underground parking (this unit's space has dedicated EV charger), additional storage, and a pet-friendly environment. Located in the sought-after Cordova Bay seaside community, this home is just moments from sandy beaches, scenic parks, world-class golf courses, and the shops and cafés of Mattick’s Farm, offering an exceptional lifestyle in one of Victoria’s most desirable neighbourhoods. (id:63159)

Values & Trends

This listing

$385/sqft

Building average

$561/sqft

3 active listing(s)

Cordova Bay average

$878/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 ElementaryElementary644 m
Claremont SecondarySecondary875 m
Lakeview Christian School(Independent)Elementary/Middle1.8 km
Lochside ElementaryElementary2.4 km
Royal Oak Middle SchoolMiddle3.5 km
St. Margaret's(Independent)K-124.6 km
Lake Hill ElementaryElementary4.8 km
Prospect Lake 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+)

  • Unnamed63 m
  • McMorran Park · 5099 Cordova Bay Road70 m
  • Unnamed259 m
  • Unnamed323 m
  • Agate Park339 m

Pharmacies (2)

  • IDA275 m
  • IDA · 5166 Cordova Bay Road275 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($64,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$718,400.00
Periodic payment — Principal & Interest (monthly)$4,634.87
Additional monthly expenses (strata, tax, utilities, etc.)$1,850.81
Total monthly cost$6,485.68
Interest paid over 5-yr term$205,895.51
Balance at end of term$646,203.12

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$64,800
Stress test qualifying rate8.09%
Payment you must qualify for$6,407.02

Cash Needed at Closing

Minimum down payment$64,800
Estimated BC PTT$15,960
Legal / closing costs (typical estimate)$1,500
Total cash needed$82,260

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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