Property Type: Detached HouseOwnership: Freehold

4573 Prospect Lake Rd

Saanich, BC V9E1J3

$4,390,000

6 bed7 bath10 parking5,422 sqftBuilt 1976
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Property Details

Property & Lot

Sub-type
House
Lot size
17.05 acres
Zoning
Unknown

A2Rural (Two Dwelling)

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$20,446

Interior

Heating
Baseboard heaters, Electric, Propane, Wood, Other
Cooling / A/C
None
Fireplace
Yes (4)

Parking

Total spaces
10

Room Dimensions

RoomLevelDimensions
EnsuiteThird level5-Piece
StorageMain level5'1 x 6'11
PatioMain level5'7 x 13'7
PatioMain level13'11 x 17'11
PatioMain level9'4 x 20'9
PatioMain level20'0 x 35'0
PatioMain level5'7 x 12'0
PatioMain level27'7 x 30'5
BalconySecond level5'5 x 24'2
BalconySecond level5'5 x 24'5
BalconyThird level5'5 x 24'1
BalconyThird level5'4 x 24'1
Attic (finished)Third level4'6 x 16'8
Attic (finished)Third level5'0 x 16'8
Living roomAdditional Accommodation11'8 x 24'5
Primary BedroomThird level10'3 x 21'8
Laundry roomSecond level4'11 x 12'8
Attic (finished)Second level2'3 x 4'11
BedroomSecond level12'3 x 14'7
BedroomSecond level13'0 x 15'5
BedroomSecond level12'6 x 18'9
Living roomAdditional Accommodation15'3 x 16'4
BathroomSecond level5-Piece
BathroomSecond level4-Piece
BathroomSecond level4-Piece
BedroomSecond level14'3 x 15'9
Living roomAdditional Accommodation14'1 x 16'8
BedroomMain level9'4 x 12'5
BathroomMain level2-Piece
BathroomMain level2-Piece
BathroomMain level3-Piece
KitchenAdditional Accommodation9'2 x 10'3
Living roomAdditional Accommodation14'10 x 15'11
Living roomAdditional Accommodation11'2 x 19'10
Living roomAdditional Accommodation7'5 x 20'4
Living roomMain level16'6 x 19'1
KitchenMain level9'5 x 20'2
Eating areaMain level7'2 x 17'9
EntranceMain level4'11 x 5'11

Listing Information

MLS®
1038890
Listed
June 2, 2026
Time on market
On the market for 91 days
Data last synced
August 28, 2026

Listing provided by: The Agency · Data source: CREA DDF.

Description

A private 17-acre West Coast lodge estate in Prospect Lake, just 20 minutes from downtown Victoria. Bella Farm is a once-in-a-generation offering, blending timeless architecture with exceptional privacy, beauty, and flexibility. The 5,000+ sq ft main residence is thoughtfully designed for multigenerational living, functioning seamlessly as a gracious single home or adaptable into multiple private living areas for family, guests, or evolving lifestyle needs. Zoned A2 (Rural Residential -Two Dwelling), the property permits a second full-size residence, offering rare long-term value and legacy potential. The grounds are extraordinary, featuring established gardens, orchards, terraced landscapes, and irrigation systems supporting a self-sustaining lifestyle. Detached studio buildings add versatility for creative, wellness, or professional use. Bella Farm may be offered fully furnished, allowing for an effortless transition into a beautifully curated home. Additional information available under the property's established name, (id:63159)

Values & Trends

This listing

$810/sqft

Building average

No other active listings in this building

Prospect Lake average

$727/sqft

6 active listing(s)

Parking: 10 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)

12°C

Humidity 89%

Wind NNW calm 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

4

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
Prospect Lake ElementaryElementary2.3 km
Strawberry Vale ElementaryElementary3.4 km
Discovery School(Independent)K-123.8 km
Royal Oak Middle SchoolMiddle3.9 km
Northridge ElementaryElementary3.9 km
Eagle View ElementaryElementary4.1 km
Glanford Middle SchoolElementary4.8 km
Claremont SecondarySecondary5.1 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 (2)

  • South Prospect Lake Park715 m
  • Unnamed781 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($878,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,512,000.00
Periodic payment — Principal & Interest (monthly)$22,658.23
Additional monthly expenses (strata, tax, utilities, etc.)$1,974.83
Total monthly cost$24,633.07
Interest paid over 5-yr term$1,006,549.30
Balance at end of term$3,159,055.36

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$878,000
Stress test qualifying rate8.09%
Payment you must qualify for$27,006.05

Cash Needed at Closing

Minimum down payment$878,000
Estimated BC PTT$137,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,017,000

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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