Property Type: Detached HouseOwnership: FreeholdNEW LISTING

5165 Cordova Bay Rd

Saanich, BC V8Y2K7

$2,098,000

5 bed4 bath4 parking3,581 sqftBuilt 1950
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Property Details

Property & Lot

Sub-type
House
Lot size
7,980 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,873.77

Interior

Heating
Heat Pump, Forced air, Electric, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
PatioLower level
BedroomLower level
StorageLower level
BathroomLower level4-Piece
KitchenLower level
Dining roomLower level
Living roomLower level
EntranceLower level
OfficeSecond level
Primary BedroomSecond level
EnsuiteSecond level3-Piece
BedroomSecond level
LoftOther
Attic (finished)Third level
StudioOther
BathroomOther3-Piece
KitchenOther
BedroomOther
EntranceOther
PatioOther
StorageOther
BalconyMain level
Dining roomMain level
KitchenMain level
BedroomMain level
Living roomMain level
BathroomMain level3-Piece
EntranceMain level

Listing Information

MLS®
1047965
Listed
August 27, 2026
Time on market
On the market for 4 days
Data last synced
August 28, 2026

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

Description

One-of-a-kind French-inspired farmhouse in prestigious Cordova Bay, just steps from Agate Beach. Built with stone and pumice, this distinctive home blends old-world character with West Coast living in a private setting. The bright great room features 14’ beamed ceilings, a cathedral window and granite fireplace. The farmhouse kitchen with Aga stove opens to a sun-drenched deck with ocean views to the San Juan Islands and Mount Baker. A fully self-contained lower-level suite offers flexibility for extended family or rental income. A detached one-bedroom studio with loft provides additional space for guests, a home office, or creative use. Set among lush gardens and winding paths, this property evokes a private French countryside retreat close to everyday amenities. Ideal for multi-generational living or those seeking added income flexibility. A rare opportunity to own a distinctive home in one of Victoria’s most sought-after neighbourhoods. (id:63159)

Values & Trends

This listing

$586/sqft

Building average

No other active listings in this building

Cordova Bay average

$743/sqft

30 active listing(s)

Parking: 4 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

26

3/9 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
Cordova Bay ElementaryElementary394 m
Claremont SecondarySecondary1.1 km
Lakeview Christian School(Independent)Elementary/Middle1.6 km
Lochside ElementaryElementary2.7 km
Royal Oak Middle SchoolMiddle3.7 km
St. Margaret's(Independent)K-124.8 km
Prospect Lake ElementaryElementary4.9 km
Lake Hill ElementaryElementary5.1 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

Cafes (1)

  • Adriennes Tea Garden731 m

Parks (5+)

  • Agate Park134 m
  • Unnamed271 m
  • Unnamed301 m
  • McMorran Park · 5099 Cordova Bay Road312 m
  • Unnamed369 m

Pharmacies (2)

  • IDA43 m
  • IDA · 5166 Cordova Bay Road43 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($419,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,678,400.00
Periodic payment — Principal & Interest (monthly)$10,828.47
Additional monthly expenses (strata, tax, utilities, etc.)$751.81
Total monthly cost$11,580.28
Interest paid over 5-yr term$481,034.26
Balance at end of term$1,509,726.23

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$419,600
Stress test qualifying rate8.09%
Payment you must qualify for$12,906.31

Cash Needed at Closing

Minimum down payment$419,600
Estimated BC PTT$40,940
Legal / closing costs (typical estimate)$1,500
Total cash needed$462,040

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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