A 3942 Telegraph Bay Rd
Saanich, BC V8N4H7
$2,249,000
Property Details
Property & Lot
- Sub-type
- Duplex
- Lot size
- 10,728 square feet
- Zoning
- Residential
Ownership & Fees
- Property type
- Duplex
- Ownership
- Strata
- Strata / maintenance fee
- $1/mo
- Annual property tax
- $1
Interior
- Heating
- Heat Pump, Baseboard heaters, Forced air, Electric, Natural gas
- Cooling / A/C
- Air Conditioned
- Fireplace
- Yes (1)
Exterior & Lot
- View
- Ocean view
Parking
- Total spaces
- 2
Restrictions & Policies
- Pets
- Allowed
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Second level | — |
| Bathroom | Second level | 4-Piece |
| Ensuite | Second level | 4-Piece |
| Bedroom | Second level | — |
| Bedroom | Second level | — |
| Loft | Second level | — |
| Ensuite | Second level | 5-Piece |
| Primary Bedroom | Second level | — |
| Bathroom | Main level | 2-Piece |
| Mud room | Main level | — |
| Pantry | Main level | — |
| Kitchen | Main level | — |
| Living room/Dining room | Main level | — |
| Den | Main level | — |
| Entrance | Lower level | — |
| Bedroom | Additional Accommodation | — |
| Bathroom | Additional Accommodation | X |
| Kitchen | Additional Accommodation | — |
| Living room | Additional Accommodation | — |
| Dining room | Additional Accommodation | — |
Listing Information
- MLS®
- 1044326
- Listed
- July 29, 2026
- Time on market
- On the market for 33 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty · Data source: CREA DDF.
Description
Introducing an exceptional collection of luxury residences in the heart of prestigious Cadboro Bay, where timeless architecture, refined craftsmanship, and thoughtful design come together in one of Victoria's most coveted neighbourhoods. Offering 4 bedrooms, 5 bathrooms, a dedicated den, and a fully self-contained 1-bedroom suite with its own entrance, these homes provide exceptional flexibility for extended family, guests, or mortgage assistance. Inside, every detail has been carefully considered. Rich hardwood floors, soaring 9-foot ceilings, 8-foot interior doors, expansive windows, and a stunning gas fireplace create warm, light-filled living spaces. The chef-inspired kitchen is beautifully appointed with quartz countertops, custom millwork, a Wolf gas range, and a premium Fisher & Paykel appliance package. A true showpiece is the custom dining area, where built-in cabinetry, floating shelves, and integrated accent lighting create a striking focal point that blends everyday function with timeless design. Upstairs, the luxurious primary suite features a spa-inspired ensuite and walk-in closet, complemented by two additional bedrooms, one with its own ensuite, upper-floor laundry, and a spacious flex lounge perfect for family movie nights, homework, or quiet relaxation. The rooftop deck delivers the ultimate wow factor, an incredible space for entertaining, enjoying sunsets, or relaxing under the stars. A spacious rear deck overlooks the private, fully fenced, irrigated backyard, creating seamless indoor-outdoor living. Complete with an EV roughed in garage, additional parking, and low-maintenance landscaping, these homes are just steps to Gyro Beach and Cadboro Bay Village, and only minutes to UVic, Uplands Golf Club, Oak Bay Marina, and Downtown Victoria. This is a rare opportunity to own a brand-new luxury home where exceptional quality, thoughtful design, and an unbeatable location come together. Experience the very best of Cadboro Bay living. (id:63159)
Values & Trends
This listing
$725/sqft
Building average
—
No other active listings in this building
Cadboro Bay average
$740/sqft
2 active listing(s)
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
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
| School | Type | Distance |
|---|---|---|
| Frank Hobbs Elementary | Elementary | 1.2 km |
| Arbutus Global Middle School | Elementary | 2.0 km |
| Mount Douglas Secondary | Secondary | 2.7 km |
| Campus View Elementary | Elementary | 2.8 km |
| Maria Montessori Academy(Independent) | Elementary | 2.8 km |
| Ecole Willows Elementary | Elementary | 3.3 km |
| St. Michaels University School(Independent) | K-12 | 3.3 km |
| Hillcrest Elementary | Elementary | 3.4 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)
- Moka House · 1849b Cadboro Bay Road792 m
Parks (5+)
- Unnamed249 m
- Benson Park419 m
- Arbutus Park482 m
- Unnamed531 m
- Unnamed546 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($449,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.