Property Type: Detached HouseOwnership: Freehold

3191 Martindale Rd

Central Saanich, BC V8L1V2

$4,995,000

6 bed4 bath4 parking3,938 sqftBuilt 1999
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Property Details

Property & Lot

Sub-type
House
Lot size
11.35 acres
Zoning
Agricultural

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$5,683.28

Interior

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

Exterior & Lot

Waterfront
Waterfront on ocean

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
BedroomOther
BathroomOther
BedroomOther
BalconyOther
PatioOther
PatioOther
BedroomOther
KitchenOther
Dining roomOther
Family roomOther
DenOther
BathroomOther
Laundry roomOther
EntranceOther
Laundry roomMain level10' x 12'
Family roomMain level15' x 19'
BedroomMain level10' x 12'
BedroomMain level10' x 11'
EnsuiteMain level4-Piece
BathroomMain level4-Piece
Primary BedroomMain level13' x 16'
KitchenMain level12' x 12'
Dining roomMain level11' x 13'
Living roomMain level16' x 21'
EntranceMain level6' x 8'

Listing Information

MLS®
1041338
Listed
June 26, 2026
Time on market
On the market for 66 days
Data last synced
August 28, 2026

Listing provided by: One Percent Realty · Data source: CREA DDF.

Description

Set above the coastline on a gently terraced, west-sloping 11-acre oceanfront parcel in the Hunt Valley area of rural Central Saanich, this waterfront estate offers two residences with a combined six bedrooms & four bathrooms. Sweeping panoramic views stretch across the Salish Sea to the majestic silhouette of Mount Baker. The property's favourable exposure presents outstanding opportunities for a boutique vineyard, regenerative farming, and equestrian pursuits. Its elevated position provides remarkable privacy, uninterrupted vistas, & a profound sense of tranquillity where ocean, sky, & mountains converge. Surrounded by nature yet conveniently located just minutes from Victoria, Victoria International Airport, & BC Ferries terminals, this rare offering delivers the perfect balance of seclusion and accessibility. Watch the sun rise over the water, cruise ships glide across the horizon, and bald eagles soar along the shoreline below—all from your future terrace, vineyard, or dream home. (id:63159)

Values & Trends

This listing

$1,268/sqft

Building average

No other active listings in this building

Martindale average

No comparable active listings

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

17,385

(2021 Census)

+3.4% since 2016

Density: 422/km²

Dwellings: 7,621

Median household income: $103,000

After-tax: $90,000

Immigrant population: 16.2%

Top countries of origin (% of total population)

  • United Kingdom5.3% · 920
  • United States of America1.6% · 280
  • India0.9% · 165
  • Philippines0.9% · 160
  • Germany0.9% · 150
  • Netherlands0.7% · 120
  • South Africa, Republic of0.6% · 110
  • China0.3% · 55

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Keating ElementaryElementary2.5 km
Lakeview Christian School(Independent)Elementary/Middle3.4 km
Cordova Bay ElementaryElementary3.8 km
Stelly's SecondarySecondary4.9 km
Claremont SecondarySecondary5.0 km
Brentwood ElementaryElementary5.8 km
SD 63 Individual Learning CentreSecondary6.0 km
Bayside Middle SchoolMiddle6.2 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.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($999,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,996,000.00
Periodic payment — Principal & Interest (monthly)$25,780.84
Additional monthly expenses (strata, tax, utilities, etc.)$670.61
Total monthly cost$26,451.44
Interest paid over 5-yr term$1,145,265.09
Balance at end of term$3,594,414.92

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$999,000
Stress test qualifying rate8.09%
Payment you must qualify for$30,727.84

Cash Needed at Closing

Minimum down payment$999,000
Estimated BC PTT$167,750
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,168,250

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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