Property Type: Detached HouseOwnership: Freehold

4553 Cordova Bay Rd

Saanich, BC V8X3V6

$1,800,000

4 bed2 bath8 parking2,386 sqftBuilt 1969
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Property Details

Property & Lot

Sub-type
House
Lot size
1.36 acres
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$10,413.87

Interior

Heating
Propane
Cooling / A/C
None
Fireplace
Yes (2)

Exterior & Lot

View
Mountain view, View of water
Waterfront
Waterfront on ocean

Parking

Total spaces
8 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
StorageMain level7'7 x 11'8
Living roomMain level13'11 x 19'10
Dining roomMain level11'2 x 19'10
KitchenMain level12'6
BedroomMain level15'6
BathroomMain level4-Piece
Primary BedroomMain level14'2 x 17'4
BathroomLower level3-Piece
KitchenLower level8'8 x 14'8
Living room/Dining roomLower level10'6 x 21'8
BedroomLower level9'3
BedroomLower level12'4 x 17'4

Listing Information

MLS®
1047434
Listed
August 21, 2026
Time on market
On the market for 10 days
Data last synced
August 28, 2026

Listing provided by: Team 3000 Realty Ltd · Data source: CREA DDF.

Description

SPECTACULAR VIEWS !! Sitting on top of a high bank waterfront this home has views of the Haro Straight, Mount Baker, the San Juan Islands, and on a clear night you can see the lights on Grouse Mountain. This 4 bed 2 bath home can also serve as a 2 bed one bath suite downstairs with separate entrance. This is a rare property as it has at least 3 times the parking then the next largest lot on the Mount Doug Cordova Bay Rd. section, and is the last home entering an old growth forest! The main floor has a foyer entrance, vaulted living room ceilings, a beautiful rock fireplace, dining room and an updated kitchen......with ocean views. Downstairs has 2 bedrooms and 1 bath, living room, small kitchen.....and ocean views! Come and see one of the nicest areas in the capital. (id:63159)

Values & Trends

This listing

$754/sqft

Building average

No other active listings in this building

Cordova Bay average

$738/sqft

30 active listing(s)

Parking: 8 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

7

1/9 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
Lochside ElementaryElementary1.3 km
Torquay ElementaryElementary2.3 km
Gordon Head Middle SchoolElementary2.5 km
Lambrick Park SecondarySecondary2.7 km
St. Margaret's(Independent)K-122.8 km
ArtsCalibre Academy(Independent)Elementary/Middle2.9 km
Claremont SecondarySecondary2.9 km
Hillcrest ElementaryElementary2.9 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 (1)

  • Unnamed211 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($360,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,440,000.00
Periodic payment — Principal & Interest (monthly)$9,290.39
Additional monthly expenses (strata, tax, utilities, etc.)$986.82
Total monthly cost$10,277.21
Interest paid over 5-yr term$412,708.14
Balance at end of term$1,295,284.66

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$360,000
Stress test qualifying rate8.09%
Payment you must qualify for$11,073.10

Cash Needed at Closing

Minimum down payment$360,000
Estimated BC PTT$34,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$395,500

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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