Property Type: Detached HouseOwnership: Freehold

5267 Parker Ave

Saanich, BC V8Y2N1

$3,350,000

3 bed3 bath7 parking3,242 sqftBuilt 1988
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Property Details

Property & Lot

Sub-type
House
Lot size
14,287 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$14,754

Interior

Heating
Baseboard heaters, Forced air, Electric, Natural gas, Wood
Cooling / A/C
None
Fireplace
Yes (4)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
7

Room Dimensions

RoomLevelDimensions
OtherLower level7'7 x 7'4
Dining roomMain level11'6 x 10'8
Family roomMain level27'4 x 15'1
Laundry roomLower level10'7 x 9'1
Family roomLower level18'6 x 14'2
BedroomLower level16'5 x 13'5
BedroomLower level17'10 x 13'5
BathroomSecond level23'7 x 8'9
BathroomMain level6'2 x 5'11
BathroomLower level11'7 x 5'7
Primary BedroomSecond level30'4 x 20'3
KitchenMain level11'0 x 11'6
StorageLower level8'9 x 17'2
Dining roomMain level13'2 x 11'6
Living roomMain level13'6 x 13'7
BalconyMain level22'4 x 10'11
EntranceMain level14'2 x 7'2

Listing Information

MLS®
1046860
Listed
August 15, 2026
Time on market
On the market for 17 days
Data last synced
August 28, 2026

Listing provided by: Newport Realty Ltd. · Data source: CREA DDF.

Description

Experience oceanfront living on Cordova Bay’s prestigious “Street of Dreams.” This West Coast residence captures panoramic views of Mt. Baker, the Salish Sea, and the San Juan Islands. Bright, open-concept living space is bathed in natural light through large windows and skylights, anchored by a thoughtfully designed kitchen with granite counters and built-in appliances. The top floor features an exclusive primary retreat complete with a fireplace, spa-inspired ensuite, and private rooftop ocean-view deck. Below, find two full bedrooms, a rec room, and guest or suite potential. Step out onto landscaped patios leading directly to a private sandy beach for kayaking and paddleboarding. Minutes to Mattick’s Farm, world-class golf, top-rated schools, and amenities. (id:63159)

Values & Trends

This listing

$1,033/sqft

Building average

No other active listings in this building

Cordova Bay average

$728/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)

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

19

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 ElementaryElementary299 m
Claremont SecondarySecondary1.5 km
Lakeview Christian School(Independent)Elementary/Middle1.6 km
Lochside ElementaryElementary3.1 km
Royal Oak Middle SchoolMiddle4.2 km
Prospect Lake ElementaryElementary5.1 km
Keating ElementaryElementary5.1 km
St. Margaret's(Independent)K-125.3 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 Garden550 m

Parks (5+)

  • Unnamed146 m
  • Unnamed272 m
  • Mattick's Wood Park385 m
  • Agate Park415 m
  • Sayward Hill Park585 m

Pharmacies (2)

  • IDA507 m
  • IDA · 5166 Cordova Bay Road507 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($670,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,680,000.00
Periodic payment — Principal & Interest (monthly)$17,290.45
Additional monthly expenses (strata, tax, utilities, etc.)$1,391.50
Total monthly cost$18,681.95
Interest paid over 5-yr term$768,095.70
Balance at end of term$2,410,668.67

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$670,000
Stress test qualifying rate8.09%
Payment you must qualify for$20,608.26

Cash Needed at Closing

Minimum down payment$670,000
Estimated BC PTT$85,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$757,000

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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