Property Type: Detached HouseOwnership: Freehold

4878 Sea Ridge Dr

Saanich, BC V8Y2R8

$1,495,000

4 bed4 bath2 parking2,786 sqftBuilt 1983
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Property Details

Property & Lot

Sub-type
House
Lot size
10,037 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$7,715

Interior

Heating
Electric, Other
Cooling / A/C
None
Fireplace
Yes (1)

Parking

Total spaces
2

Room Dimensions

RoomLevelDimensions
BathroomMain level2'9 x 5'10
DenMain level18'8 x 13'9
StorageMain level8'6 x 9'3
Laundry roomMain level9'1 x 8'4
BathroomMain level5'10 x 8'4
Dining roomMain level12'11 x 12'1
KitchenMain level13'8 x 23'9
Primary BedroomMain level14'3 x 13'4
Living roomMain level16'3 x 28'11
EnsuiteMain level12'2 x 14'8
BedroomMain level17'10 x 12'5
Family roomOther18'7 x 11'3
BathroomOther7'1 x 6'4
BedroomOther10'8 x 13'4
BedroomOther10'9 x 13'4

Listing Information

MLS®
1046977
Listed
August 14, 2026
Time on market
On the market for 17 days
Data last synced
August 28, 2026

Listing provided by: Pemberton Holmes Ltd. · Data source: CREA DDF.

Description

OFFERED AT ASSESSED VALUE!! Welcome to this charming rancher in Cordova Bay, offering over 2,700 sq ft of bright and inviting living space on a generous 10,000+ sq ft corner lot. Hardwood floors and fireplaces on both levels add warmth and character. Large windows, this home is bathed in natural light throughout the day. A detached two bedroom studio provides exceptional versatility for family, guests, or additional income opportunities. Enjoy an unbeatable location just minutes from Cordova Bay's sandy beaches, Claremont Secondary School, Beaver Lake, Commonwealth Place, nearby golf courses, the Lochside Trail, and Broadmead village. Come make it your DESTINED home! (id:63159)

Values & Trends

This listing

$537/sqft

Building average

No other active listings in this building

Cordova Bay average

$745/sqft

30 active listing(s)

Parking: 2 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
Claremont SecondarySecondary859 m
Lochside ElementaryElementary1.2 km
Cordova Bay ElementaryElementary2.0 km
Royal Oak Middle SchoolMiddle2.3 km
Lakeview Christian School(Independent)Elementary/Middle2.8 km
St. Margaret's(Independent)K-123.2 km
Lake Hill ElementaryElementary3.5 km
Glanford Middle SchoolElementary4.0 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+)

  • Grant Park87 m
  • Sea Ridge Park237 m
  • McMinn Park446 m
  • Story Lane Park698 m
  • Boulderwood Hill Park730 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 8.3% ($124,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,196,000.00
Periodic payment — Principal & Interest (monthly)$7,716.19
Additional monthly expenses (strata, tax, utilities, etc.)$781.92
Total monthly cost$8,498.10
Interest paid over 5-yr term$342,777.04
Balance at end of term$1,075,805.87

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$124,500
Stress test qualifying rate8.09%
Payment you must qualify for$10,538.67

Cash Needed at Closing

Minimum down payment$124,500
Estimated BC PTT$27,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$153,900

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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