Property Type: Detached HouseOwnership: FreeholdNEW LISTING

5348 Parker Ave

Saanich, BC V8Y2M9

$2,975,000

5 bed3 bath6 parking2,465 sqftBuilt 1968
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Property Details

Property & Lot

Sub-type
House
Lot size
14,053 square feet
Zoning
Residential

RS-18

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,864.58

Interior

Heating
Forced air
Cooling / A/C
None
Fireplace
Yes (2)
Appliances
Washer, Refrigerator, Dishwasher, Dryer, Range - Induction

Exterior & Lot

View
Ocean view
Lot features
Central location, Park setting, Other, Golf course/parkland

Building

Parcel ID (PID)
004-710-843

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
Family roomLower level12'0 x 15'0
Mud roomLower level8'7 x 9'2
Laundry roomLower level6'8 x 12'2
BathroomLower level3-Piece
BedroomLower level8'9 x 13'4
BedroomLower level12'0 x 21'4
PatioLower level16'0 x 14'7
PatioLower level15'1 x 27'8
Living roomMain level14'3 x 15'7
Dining roomMain level10'4 x 12'6
KitchenMain level13'7 x 12'6
BathroomMain level4-Piece
EnsuiteMain level3-Piece
Primary BedroomMain level11'0 x 12'0
BedroomMain level9'9 x 10'8
BedroomMain level9'9 x 10'0
EntranceMain level3'2 x 6'0

Listing Information

MLS®
1047986
Listed
August 27, 2026
Time on market
On the market for 4 days
Data last synced
August 31, 2026

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

Description

A rare opportunity on Cordova Bay's most coveted street. Set on one of the widest lots on the golf course side of Parker Avenue, this 14,000+ sqft property backs directly onto Cordova Bay Golf Club, offering sweeping fairway views and a level of privacy rarely found in this prestigious pocket of Victoria. Move-in ready with major upgrades already done, including a new metal roof and new perimeter drains, this split-level home offers 5 bedrooms and 3 full bathrooms across 2,465 sqft, with two fireplaces warming the main living spaces. Zoned RS-18, the property also offers genuine future potential beyond its current form (buyers to verify zoning, permitted uses, and development potential with the District of Saanich). Just minutes from Cordova Bay Beach on one of the neighbourhood's most desirable streets, this is a wide, golf-course-backing lot with turn-key living today and real upside tomorrow...opportunities like this don't last. (id:63159)

Values & Trends

This listing

$1,207/sqft

Building average

No other active listings in this building

Cordova Bay average

$723/sqft

30 active listing(s)

Parking: 6 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

15

2/9 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 ElementaryElementary552 m
Lakeview Christian School(Independent)Elementary/Middle1.3 km
Claremont SecondarySecondary1.9 km
Lochside ElementaryElementary3.6 km
Royal Oak Middle SchoolMiddle4.5 km
Keating ElementaryElementary4.7 km
Prospect Lake ElementaryElementary5.0 km
St. Margaret's(Independent)K-125.7 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 Garden476 m

Parks (5+)

  • Parker Park304 m
  • Mattick's Wood Park446 m
  • Sayward Hill Park527 m
  • Unnamed591 m
  • Lochside Park619 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($595,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,380,000.00
Periodic payment — Principal & Interest (monthly)$15,354.95
Additional monthly expenses (strata, tax, utilities, etc.)$778.38
Total monthly cost$16,133.33
Interest paid over 5-yr term$682,114.84
Balance at end of term$2,140,817.70

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$595,000
Stress test qualifying rate8.09%
Payment you must qualify for$18,301.37

Cash Needed at Closing

Minimum down payment$595,000
Estimated BC PTT$67,250
Legal / closing costs (typical estimate)$1,500
Total cash needed$663,750

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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