Positioned in the heart of charming Sidney-by-the-Sea, this near-new residence at The Rise on Fifth offers nearly 1,100 finished square feet in an unbeatable location just steps to vibrant Beacon Avenue & across from Tulista Park. You’ll love having boutique shopping, cafes, restaurants, waterfront pathways & everyday amenities right at your doorstep. This spacious 2 bed, 2 bath water-facing condo offers a straight shot of spanning ocean views directly from your expansive balcony with folding glass doors to open up your living space to the outdoors. The thoughtfully designed space offers a chef inspired kitchen with Fisher & Paykel appliance package, sleek paneled fridge & dishwasher, eat in island, quartz countertops, hardwood flooring, & spa-like bathrooms. Set within a quality steel & concrete building for enhanced durability & peace of mind, this is an outstanding opportunity to own in one of Sidney’s most desirable newer developments — and save the GST!
Property details
2
Beds
2 full
Baths
1,095 ft²
Floor area
1,095 ft²
Lot size
2025
Year built
1
Parking
$401/mo
Strata fee
$1,668/yr
Gross tax
Location & structure
Single Family
Type
Sidney South-East
Area
Listed
July 9, 2026
Structure
Apartment
PID
032-445-172
Property highlights
Ocean view
Mountain view
Waterfront
Balcony
Features & inclusions
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
Heating
Heat Pump, Forced air
Cooling
Air Conditioned
Lot
Other
Community
Family Oriented, Pets Allowed
Additional details
Common interest
Condo/Strata
Listed by Coldwell Banker Oceanside Real Estate. Last updated Jul 9, 2026, 2:20 PM.
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.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $209,800 down (20%) on $1,049,000, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 115 listings
Detached
41
35.7%
Condo / Apartment
36
31.3%
Townhouse
19
16.5%
Duplex
11
9.6%
Land
4
3.5%
Other
4
3.5%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Sidney · 385 dwellings
Single-detached200 · 51.9%
Apartment in duplex80 · 20.8%
Low-rise apartment60 · 15.6%
Semi-detached40 · 10.4%
Row house5 · 1.3%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59170047· Sidney· Transit 5/100· 0.47 km²
Median rent here
$1,760
Owner shelter cost
$1,130
Renters
21.5%
30%+ on shelter
19.2%
Population (2021)
821
Median age
57.6
Avg household size
2.1
Avg household income
$104,400
Renters
21.5%
Owners
77.2%
Immigrants
17.5%
Post-secondary
62.0%
Avg home value
$820,000
Single status
18.5%
Not in labour force
49.4%
Households with kids
22.4%
Median rent
$1,760
Owner shelter cost
$1,130
30%+ on shelter
19.2%
Breakdown
$15,000 to $19,999
5
1.3%
$20,000 to $24,999
10
2.6%
$25,000 to $29,999
15
3.9%
$30,000 to $34,999
15
3.9%
$35,000 to $39,999
20
5.2%
$40,000 to $44,999
15
3.9%
$45,000 to $49,999
10
2.6%
$50,000 to $59,999
25
6.5%
$60,000 to $69,999
30
7.8%
$70,000 to $79,999
25
6.5%
$80,000 to $89,999
30
7.8%
$90,000 to $99,999
25
6.5%
$100,000 to $124,999
50
13.0%
$125,000 to $149,999
45
11.7%
$150,000 to $199,999
40
10.4%
$200,000 and over
25
6.5%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59170047).
Market story
Rent in Sidney
Census 2021 avg $1,760/mo here · Vancouver 2BR rent trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
CMHCBritish Columbia outlook
British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets
British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.
From the CMHC Housing Market Outlook 2026 · Jan 2026
