- Active
- Open house Sat, Oct 17
#201 – 5229 Cordova Bay Road
Saanich · Single Family
- Beds
- 2
- Baths
- 2
- Sqft
- 1,122
- Built
- 2026
Listed by Rennie & Associates Realty Ltd. · MLS® 1050029
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About this home
Situated atop the building’s landscaped podium on the quiet interior side of the property, this stunning, east-facing residence blends luxury living with a tranquil forest and coastal backdrop. This spacious 2-bedroom 2-bathroom plus den home crafted by award-winning GT Mann Construction showcases an exceptional attention to detail and livability. Its thoughtful layout positions the two bedrooms on opposite sides of the living area, creating a sense of privacy and spaciousness rarely found in modern condo design. The open-concept living space is centered around a chef-inspired kitchen with ample storage and a premium appliance suite—WOLF induction cooktop and oven, paneled Fisher & Paykel fridge/freezer, and double-drawer dishwashers—as well as an oversized peninsula counter-space perfect for cooking, hosting, and everyday living. Custom millwork by Harbour City Kitchens features rift-cut white oak veneers and solid birch dovetail drawers, bringing warmth and sophistication to the home. The den adds meaningful versatility: well-sized for a sofa bed, ideal as a home office, music room, art space, or additional storage—allowing the home to adapt to a wide range of lifestyles. Expansive ocean views extend across the living room and both bedrooms, capturing breathtaking sunrises and filling the home with natural light. A fully covered east-facing balcony provides generous outdoor living space—the perfect setting for morning coffee with the coastal horizon as your backdrop. Ducted air conditioning ensures year-round comfort. Blending an exceptional layout with premium craftsmanship, flexible spaces, and some of the most captivating views in the building, 201 at Tiller & Grace represents a rare opportunity to own one of the development’s standout homes in the heart of Cordova Bay.
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 1,122 sq ft
- Lot size
- 1,307 sq ft
- Year built
- 2026
- Parking
- 1
- Property type
- Single Family
- Fireplace
- 1
- Area
- Cordova Bay
- Listed
- September 18, 2026
- Structure
- Apartment
- PID
- 032-775-091
- Common interest
- Condo/Strata
Highlights
- Ocean view
- Balcony
- Air conditioning
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
- Heating
- Heat Pump, Other
- Cooling
- Air Conditioned
- Parking
- Other, Electric Vehicle Charging Station(s)
- Community
- Family Oriented, Pets Allowed With Restrictions
Rooms and building
- Water
- Zoning
- Residential
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $5,854
- Property tax
- $358/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $6,362
Purchase snapshot
- List price
- $1,235,000
- Down payment
- $247,000 (20%)
- Estimated mortgage
- $988,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $6,423
- At 5.2008 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $2,000 a month
- Gross yield
- 1.9%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Climate
What the weather is like in Victoria
Ten year average, 2016–2025.
- Average temperature
- 10.5°C
- Daily mean across the year.
- Yearly precipitation
- 863 mm
- On the drier side for BC.
- Yearly snowfall
- 39 cm
- Snow is the exception here.
- Bright sunshine
- 2,109 h
- Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
Source: Environment and Climate Change Canada, monthly climate summaries
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 45%
Who lives here
Documents
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