Property Type: Condo / ApartmentOwnership: Strata

408 5110 Cordova Bay Rd

Saanich, BC V8Y2K5

$945,000

2 bed3 bath1 parking1,565 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
1,565 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$851/mo
Annual property tax
$3,555

Interior

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

Exterior & Lot

View
Mountain view, Ocean view

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
BathroomMain level4'11 x 6'6
StorageMain level5'3 x 8'7
Laundry roomMain level5'2 x 11'11
EnsuiteMain level5'4 x 6'6
BedroomMain level11'0 x 11'1
EnsuiteMain level9'0 x 12'5
Primary BedroomMain level11'3 x 16'1
Eating areaMain level8'4 x 10'11
KitchenMain level8'11 x 10'11
Dining roomMain level9'5 x 14'11
Living roomMain level14'5 x 19'5
BalconyMain level7'7 x 9'10
BalconyMain level7'7 x 9'10
EntranceMain level7'8 x 9'8

Listing Information

MLS®
1041568
Listed
June 30, 2026
Time on market
On the market for 63 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Coast Capital - Oak Bay · Data source: CREA DDF.

Description

Exceptional oceanview living awaits in this updated 55+ residence, views of the Salish Sea and Mt. Baker This bright 2-bedroom, 3-bath home blends comfort, style, and thoughtful design. The open-concept living and dining areas are perfect for entertaining, an attactive living room gas fireplace. Spacious bedrooms suites, each with its own ensuite and private balcony. The gourmet kitchen features, new flooring, a large island, and striking Chihuly-inspired glass pendant lighting. Additional features include in-suite laundry, a walk-in storage room, an extra storage locker, and a dedicated EV charger in the secure underground parkade, enjoy exclusive access to the Beach House clubhouse with an indoor pool, hot tub, guest suites, and exceptional amenities. Just steps to the beach, Cordova Bay Golf Course, Mattick's Farm, shopping, and cafés, this pet-friendly home offers an exceptional coastal lifestyle in one of Victoria's most desirable communities. A rare opportunity—don't miss it! (id:63159)

Values & Trends

This listing

$604/sqft

Building average

$488/sqft

3 active listing(s)

Cordova Bay average

$869/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 ElementaryElementary572 m
Claremont SecondarySecondary784 m
Lakeview Christian School(Independent)Elementary/Middle1.6 km
Lochside ElementaryElementary2.5 km
Royal Oak Middle SchoolMiddle3.4 km
St. Margaret's(Independent)K-124.7 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+)

  • Unnamed122 m
  • Catalina Park152 m
  • Unnamed293 m
  • McMorran Park · 5099 Cordova Bay Road295 m
  • Doumac Park403 m

Pharmacies (2)

  • IDA · 5166 Cordova Bay Road265 m
  • IDA265 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 7.4% ($69,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$756,000.00
Periodic payment — Principal & Interest (monthly)$4,877.46
Additional monthly expenses (strata, tax, utilities, etc.)$1,224.75
Total monthly cost$6,102.21
Interest paid over 5-yr term$216,671.77
Balance at end of term$680,024.45

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$69,500
Stress test qualifying rate8.09%
Payment you must qualify for$6,732.29

Cash Needed at Closing

Minimum down payment$69,500
Estimated BC PTT$16,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$87,900

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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