Property Type: Detached HouseOwnership: Freehold

4599 Cordova Bay Rd

Saanich, BC V8Y2K1

$4,300,000

5 bed6 bath7 parking4,967 sqftBuilt 2024
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Property Details

Property & Lot

Sub-type
House
Lot size
15,290 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$10,533.63

Interior

Heating
Heat Pump, Natural gas, Other
Cooling / A/C
Fully air conditioned
Fireplace
Yes (2)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
7

Room Dimensions

RoomLevelDimensions
OtherAdditional Accommodation11'10 x 3'6
BathroomAdditional AccommodationX
BedroomAdditional Accommodation11'4
KitchenAdditional Accommodation12'2 x 20'6
Living roomAdditional Accommodation18'5 x 11'8
Family roomLower level16'9 x 17'9
OtherLower level15'3 x 9'8
BathroomLower level3-Piece
MediaLower level14'7
Laundry roomSecond level7'9 x 10'7
BathroomSecond level4-Piece
BedroomSecond level10'8
BedroomSecond level11'1 x 12'2
EnsuiteSecond level3-Piece
BedroomSecond level12'1
EnsuiteSecond level5-Piece
Primary BedroomSecond level17'5 x 15'1
BathroomMain level3-Piece
OfficeMain level10'5 x 10'6
Mud roomMain level7'6 x 7'4
OtherMain level5'4
Dining roomMain level12'8 x 11'8
KitchenMain level13'3 x 13'9
Living roomMain level18'10
EntranceMain level12'7 x 7'4

Listing Information

MLS®
1041935
Listed
June 30, 2026
Time on market
On the market for 62 days
Data last synced
August 28, 2026

Listing provided by: Engel & Volkers Vancouver Island · Data source: CREA DDF.

Description

Protected oceanfront living in the heart of Cordova Bay. This architecturally refined custom residence offers 5 bedrooms, 6 bathrooms and nearly 5,000 sq. ft. of exceptional living space, thoughtfully designed for luxurious everyday living, effortless entertaining, and multi-generational flexibility. Built well beyond conventional standards, the home showcases outstanding craftsmanship, quality, and timeless coastal design. Expansive ocean-facing interiors are filled with natural light through oversized triple-pane windows and doors, framing breathtaking panoramic views and creating a seamless connection to the ever-changing shoreline. At the heart of the home, the chef-inspired kitchen features quartz countertops, premium Sub-Zero and Wolf appliances, generous prep space, abundant storage, and an open-concept design that flows into elegant living and dining areas. Radiant in-floor heating, a heat pump, smart home technology, and integrated security provide exceptional comfort and peace of mind throughout every season. The versatile lower level includes a dedicated media room, private guest accommodations, and a beautifully finished self-contained suite, ideal for extended family, visitors, caregivers, or valuable rental income. Multiple covered and sun-filled patios invite effortless indoor-outdoor living while offering remarkable privacy on the protected waterfront—perfect for morning coffee, sunset gatherings, or year-round entertaining. A spacious two-car garage, ample additional parking, irrigated landscaping, and meticulous attention to detail complete this extraordinary offering. Perfectly positioned in one of Victoria's most prestigious seaside neighbourhoods, this rare West Coast retreat is just moments from beaches, scenic hiking trails, top-rated schools, Mattick's Farm, championship golf, Lochside Trail, and everyday amenities. An exceptional waterfront estate offering uncompromising quality, breathtaking views, and an unparalleled coastal lifestyle. (id:63159)

Values & Trends

This listing

$866/sqft

Building average

No other active listings in this building

Cordova Bay average

$734/sqft

30 active listing(s)

Parking: 7 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

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 ElementaryElementary1.1 km
Torquay ElementaryElementary2.6 km
Claremont SecondarySecondary2.6 km
Gordon Head Middle SchoolElementary2.7 km
St. Margaret's(Independent)K-122.9 km
Lambrick Park SecondarySecondary2.9 km
ArtsCalibre Academy(Independent)Elementary/Middle3.1 km
Lake Hill 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)

  • Unnamed75 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($860,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,440,000.00
Periodic payment — Principal & Interest (monthly)$22,193.71
Additional monthly expenses (strata, tax, utilities, etc.)$1,125.80
Total monthly cost$23,319.52
Interest paid over 5-yr term$985,913.89
Balance at end of term$3,094,291.13

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$860,000
Stress test qualifying rate8.09%
Payment you must qualify for$26,452.40

Cash Needed at Closing

Minimum down payment$860,000
Estimated BC PTT$133,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$994,500

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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