Property Type: Detached HouseOwnership: Freehold

5411 Parker Ave

Saanich, BC V8Y2N2

$5,690,000

6 bed5 bath4 parking4,950 sqftBuilt 1958
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Property Details

Property & Lot

Sub-type
House
Lot size
17,598 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$13,893

Interior

Heating
Heat Pump, Other
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
Wine CellarLower level5'4 x 15'6
StorageLower level5'2 x 9'9
Laundry roomLower level8'2 x 8'2
BathroomLower level4-Piece
KitchenLower level12'9 x 14'6
BedroomLower level12'9 x 11'6
BedroomLower level12'8 x 12'7
Bonus RoomLower level14'6 x 18'9
OfficeLower level14'6 x 11'6
LoftSecond level8'8 x 9'9
Laundry roomSecond level8'3 x 4'11
BathroomSecond level3-Piece
EnsuiteSecond level5-Piece
BedroomSecond level12'6 x 12'5
BedroomSecond level12'6 x 12'4
Primary BedroomSecond level18'4 x 18'1
StorageMain level13'11 x 6'7
Dining nookMain level12'10 x 5'8
KitchenMain level12'10 x 16'8
Living roomMain level15'1 x 19'7
BedroomMain level13'11 x 11'5
Dining roomMain level10'3 x 10'1
BathroomMain level2-Piece
BathroomMain level4-Piece
Mud roomMain level6'10 x 17'9

Listing Information

MLS®
1025677
Listed
February 10, 2026
Time on market
On the market for 202 days
Data last synced
August 28, 2026

Listing provided by: REMAX Professionals - Dave Koszegi Group · Data source: CREA DDF.

Description

A spectacular vista awaits at this waterfront West Coast masterpiece in Cordova Bay. Situated on a 0.40-acre lot with 70 feet of beach access on Victoria's ''Street of Dreams,'' this 4,800 sq ft home features distinctive cedar timber frame architecture and luxury Loewen windows. The interior boasts a soaring two-story foyer, natural limestone flooring, and an elevator to all three floors. The gourmet kitchen is a chef's delight with a quartz island, 48'' Refrigerator/Freezer, dual fuel range, multiple dishwashers, and a butler's pantry. Entertain in the separate dining room with a built-in wine fridge or the living room with its wood-burning fireplace. The main floor also includes a bedroom with ensuite access and two spa bathrooms. The upstairs master suite features awe-inspiring views, motorized Lutron blinds, a lavish walk-in dressing room, and a ''his and her'' ensuite with a freestanding tub and two-person body sprays. Two additional bedrooms, another spa bathroom, and a full laundry room complete the upper level. The lower floor offers a custom fir wine cellar and a self-contained 2-bedroom ocean-view suite with its own kitchen, laundry, walkout patio, and hot tub. Eco-conscious buyers will appreciate the 14kW solar system and EV charger. The property includes a heated double garage, a double carport, radiant heating, heat pump A/C, and a masterpiece of masonry featuring Basalt stone walls and living wall softscaping. An offering of this calibre is a truly extraordinary treasure. (id:63159)

Values & Trends

This listing

$1,149/sqft

Building average

No other active listings in this building

Cordova Bay average

$725/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

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 ElementaryElementary884 m
Lakeview Christian School(Independent)Elementary/Middle1.5 km
Claremont SecondarySecondary2.2 km
Lochside ElementaryElementary3.9 km
Keating ElementaryElementary4.5 km
Royal Oak Middle SchoolMiddle4.8 km
Prospect Lake ElementaryElementary5.2 km
St. Margaret's(Independent)K-126.1 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 Garden784 m

Parks (3)

  • Parker Park56 m
  • Lochside Park675 m
  • Mattick's Wood Park779 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($1,138,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$4,552,000.00
Periodic payment — Principal & Interest (monthly)$29,367.96
Additional monthly expenses (strata, tax, utilities, etc.)$1,405.75
Total monthly cost$30,773.71
Interest paid over 5-yr term$1,304,616.28
Balance at end of term$4,094,538.72

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$1,138,000
Stress test qualifying rate8.09%
Payment you must qualify for$35,003.29

Cash Needed at Closing

Minimum down payment$1,138,000
Estimated BC PTT$202,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,342,000

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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