PH 403 5229 Cordova Bay Rd
Saanich, BC V8Y2L1
$1,075,000
Property Details
Property & Lot
- Sub-type
- Apartment
- Lot size
- 1,375 square feet
- Zoning
- Residential/Commercial
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $496/mo
- Annual property tax
- $1
Interior
- Heating
- Heat Pump, Forced air, Electric, Other
- Cooling / A/C
- Fully air conditioned, Air Conditioned
- Fireplace
- Yes (1)
Exterior & Lot
- View
- Mountain view, Ocean view
Parking
- Total spaces
- 1
Restrictions & Policies
- Pets
- Allowed with restrictions
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | — |
| Bedroom | Main level | — |
| Bathroom | Main level | — |
| Primary Bedroom | Main level | — |
| Ensuite | Main level | — |
| Living room | Main level | — |
Listing Information
- MLS®
- 1038507
- Listed
- May 28, 2026
- Time on market
- On the market for 95 days
- Data last synced
- August 28, 2026
Listing provided by: Rennie & Associates Realty Ltd. · Data source: CREA DDF.
Description
Perched on the top floor at Tiller & Grace, Penthouse 403 is a beautifully designed northwest corner residence offering the perfect blend of indoor comfort and outdoor living. This 2-bedroom, 2-bath home features 999 sq. ft. of thoughtfully designed interior space paired with an impressive 376 sq. ft. of private rooftop terraces designed to maximize sun, privacy, and entertaining. The open-concept corner layout offers exceptional natural light along with generous space for dining, relaxing, and hosting guests. The thoughtfully separated bedrooms create ideal privacy for owners and visitors alike, making the home perfectly suited for downsizers, professionals, or those who love to entertain. One expansive west-facing terrace sits directly off the kitchen — an ideal setting for an outdoor kitchen, BBQ area, or evening dining in the afternoon sun. The second northwest-facing terrace captures beautiful ocean views to the north and creates an incredible outdoor lounge space to enjoy sunsets and the coastal lifestyle Cordova Bay is known for. With its seamless connection between indoor and outdoor spaces, premium boutique setting, and rare top-floor corner positioning, PH 403 offers a truly elevated living experience just moments from beaches, parks, and everyday amenities. (id:63159)
Values & Trends
This listing
$1,076/sqft
Building average
$1,211/sqft
2 active listing(s)
Cordova Bay average
$850/sqft
25 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)
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
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
| School | Type | Distance |
|---|---|---|
| Cordova Bay Elementary | Elementary | 137 m |
| Claremont Secondary | Secondary | 1.3 km |
| Lakeview Christian School(Independent) | Elementary/Middle | 1.5 km |
| Lochside Elementary | Elementary | 3.0 km |
| Royal Oak Middle School | Middle | 4.0 km |
| Prospect Lake Elementary | Elementary | 4.9 km |
| St. Margaret's(Independent) | K-12 | 5.1 km |
| Keating Elementary | Elementary | 5.2 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 Garden490 m
Parks (5+)
- Unnamed157 m
- Unnamed200 m
- Agate Park266 m
- Mattick's Wood Park316 m
- Sayward Hill Park507 m
Pharmacies (2)
- IDA · 5166 Cordova Bay Road295 m
- IDA295 m
Nearby places data: © OpenStreetMap contributors.
School district: Saanich (SD63)
Other Listings in This Building
Other units currently listed in the same building. PH 403 5229 Cordova Bay Rd
$1,425,000
PH 404 5229 Cordova Bay Rd, Saanich
$517/mo maintenance
$1,350,000
202 5229 Cordova Bay Rd, Saanich
$637/mo maintenance
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Mortgage & Ownership Cost Calculator
Minimum required: 7.7% ($82,500) — 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.