Property Type: Condo / ApartmentOwnership: Strata

403 5327 Cordova Bay Rd

Saanich, BC V8Y2L3

$1,398,000

2 bed2 bath2 parking1,733 sqftBuilt 1999
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Property Details

Property & Lot

Sub-type
Apartment
Style
Westcoast
Lot size
2,015 square feet
Zoning
Residential

Res

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$850/mo
Annual property tax
$5,988

Interior

Heating
Baseboard heaters, Electric, Natural gas
Cooling / A/C
None
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave

Exterior & Lot

View
Mountain view, Valley view
Lot features
Central location, Cul-de-sac, Level lot, Southern exposure, Other, Golf course/parkland

Building

Security
Sprinkler System-Fire, Fire alarm system
Parcel ID (PID)
024-627-381

Parking

Total spaces
2

Restrictions & Policies

Pets
Allowed

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

Room Dimensions

RoomLevelDimensions
BathroomMain level4-Piece
EnsuiteMain level4-Piece
StorageMain level3' x 12'
Laundry roomMain level6' x 11'
Family roomMain level11' x 12'
BedroomMain level11' x 12'
Primary BedroomMain level14' x 17'
KitchenMain level9' x 11'
Dining roomMain level11' x 12'
BalconyMain level9' x 10'
BalconyMain level7' x 9'
Living roomMain level17' x 17'
EntranceMain level5' x 10'

Listing Information

MLS®
1038786
Listed
May 31, 2026
Time on market
On the market for 92 days
Data last synced
September 1, 2026

Listing provided by: Newport Realty Ltd. · Data source: CREA DDF.

Description

MATTICK'S GREEN PENTHOUSE! Experience luxury living on the edge of Cordova Bay Golf Course. 1,700sf+ of exquisitely designed space, this 2-bed/2-bath home is a masterpiece crafted by premiere builder Jawl Dev. featuring abundance of natural light streaming thru magnificent floor-to-ceiling Lloweyn fir trimmed windows, skylights, and breathtaking 12ft clerestory. Meticulously planned open layout is perfect for hosting gatherings and gourmet-inspired kitchen with updated appliances, solid surface counters adds a touch of elegance. Primary suite is tranquil retreat, complemented by a guest bedroom set well apart for great privacy with built-in Murphy Bed/Office Desk. Revel in SW views from 2 expansive balconies with tranquil golf course views & ocean beyond. Two U/G parking spots with dedicated EV charger & large storage locker are bonus! Golfers & Pets are welcome in this well-managed strata, making this rare find in Cordova Bay and steps to convenient shops & services at Mattick's Farm (id:63159)

Values & Trends

This listing

$807/sqft

Building average

$885/sqft

1 active listing(s)

Cordova Bay average

$861/sqft

25 active listing(s)

Parking: 2 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

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 ElementaryElementary354 m
Lakeview Christian School(Independent)Elementary/Middle1.1 km
Claremont SecondarySecondary1.6 km
Lochside ElementaryElementary3.4 km
Royal Oak Middle SchoolMiddle4.2 km
Prospect Lake ElementaryElementary4.7 km
Keating ElementaryElementary4.7 km
St. Margaret's(Independent)K-125.6 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 Garden170 m

Parks (5+)

  • Mattick's Wood Park181 m
  • Sayward Hill Park221 m
  • Beckton Park503 m
  • Unnamed533 m
  • Sayward Hill Park · 750 Cordova Bay Road578 m

Pharmacies (2)

  • IDA · 5166 Cordova Bay Road723 m
  • IDA723 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 8.2% ($114,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,118,400.00
Periodic payment — Principal & Interest (monthly)$7,215.54
Additional monthly expenses (strata, tax, utilities, etc.)$1,436.00
Total monthly cost$8,651.54
Interest paid over 5-yr term$320,536.65
Balance at end of term$1,006,004.42

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$114,800
Stress test qualifying rate8.09%
Payment you must qualify for$9,867.36

Cash Needed at Closing

Minimum down payment$114,800
Estimated BC PTT$25,960
Legal / closing costs (typical estimate)$1,500
Total cash needed$142,260

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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