Property Type: Land / LotOwnership: Freehold

4569 Cordova Bay Rd

Saanich, BC V8X3V6

$299,000

0 bed0 bath
Get Directions

Property Details

Property & Lot

Lot size
19,428 square feet
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,005.31

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Listing Information

MLS®
1042711
Listed
July 9, 2026
Time on market
On the market for 53 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Generation - The Neal Estate Group · Data source: CREA DDF.

Description

RARE OCEANFRONT OPPORTUNITY IN PRESTIGIOUS CORDOVA BAY. Set on nearly half an acre of spectacular waterfront, 4569 Cordova Bay Road presents an extraordinary opportunity for a visionary buyer, developer, or builder to create a truly exceptional coastal residence. With a dramatic oceanfront setting and incredible potential, this unique property invites bold architectural vision and creative design. Located within a Slope Terrain Zone and intended for a single-family dwelling, the challenging terrain will require thoughtful planning, ingenuity, and expertise, but the reward could be something truly remarkable. City water and sewer connections are available. This is not an ordinary building lot. It is an opportunity to transform a rare piece of Cordova Bay oceanfront into a one-of-a-kind luxury residence. Bring your architect. Bring your builder. Bring your vision. Ask your REALTOR® for proposal images and additional property information. Opportunities like this are exceptionally rare. (id:63159)

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

11

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 ElementaryElementary1.2 km
Torquay ElementaryElementary2.5 km
Gordon Head Middle SchoolElementary2.7 km
Claremont SecondarySecondary2.7 km
Lambrick Park SecondarySecondary2.8 km
St. Margaret's(Independent)K-122.9 km
ArtsCalibre Academy(Independent)Elementary/Middle3.0 km
Hillcrest ElementaryElementary3.1 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)

  • Unnamed46 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($14,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$239,200.00
Periodic payment — Principal & Interest (monthly)$1,543.24
Additional monthly expenses (strata, tax, utilities, etc.)$83.78
Total monthly cost$1,627.01
Interest paid over 5-yr term$68,555.41
Balance at end of term$215,161.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$14,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,184.25

Cash Needed at Closing

Minimum down payment$14,950
Estimated BC PTT$3,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$20,430

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.

Request more information