- Active
3931 Cadboro Bay Road
Saanich · Single Family
- Beds
- 4
- Baths
- 5
- Sqft
- 4,186
- Built
- 2012
Listed by Engel & Volkers Vancouver Island · MLS® 1048754
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Sign inAbout this home
A rare opportunity to own in one of Victoria’s most coveted waterfront neighbourhoods, this extraordinary 4,186 sq.ft. residence presents an exceptional beachfront retreat in Cadboro Bay. Originally conceived by Dan Boot with Jenny Martin and thoughtfully renewed through a recent renovation by Sandy Nygaard, the home balances architectural distinction with effortless coastal living. Four beautifully appointed bedrooms each feature private ensuites, including two luxurious primary suites, one on each level. Dramatic window walls frame sweeping ocean vistas while filling the home with natural light. At the heart of the residence, a chef-inspired kitchen showcases premium appliances, quartzite surfaces, and bespoke cabinetry by Jason Good. Thoughtfully crafted interior embrace openness, light, and quiet sophistication. Expansive principal spaces unfold with seamless flow, while soaring glazing and a south-facing accordion curtain wall dissolve the boundary between indoors and out. Natural light pours through every room, enhancing the tranquil atmosphere and uninterrupted ocean views from all principal living areas. The kitchen serves as both a functional workspace and social centrepiece, with windows opening the full length of the outdoor bar area for effortless entertaining. Carefully considered architectural details and refined finishes lend warmth and elegance throughout, while illuminated gardens create an enchanting evening backdrop. Beyond the interiors, the setting is unforgettable. Manicured gardens, winding pathways create a private sanctuary with direct beach access. Outdoor living spaces are designed for year-round enjoyment, from intimate evenings beside the striking 12-ft fireplace to gatherings around the outdoor kitchen and pizza oven. A Nordic hot tub and outdoor shower overlook the water, offering complete serenity. Perfectly positioned near Cadboro Bay Village, Gyro Beach & the Royal Victoria Yacht Club, this is waterfront living at its very finest.
Home facts
- Bedrooms
- 4
- Bathrooms
- 5 full
- Interior
- 4,186 sq ft
- Lot size
- 15,159 sq ft
- Year built
- 2012
- Parking
- 6
- Property type
- Single Family
- Garage
- Yes
- Fireplaces
- 4
- Area
- Cadboro Bay
- Listed
- September 9, 2026
- Structure
- House
- PID
- 000-088-277
- Common interest
- Freehold
Highlights
- Ocean view
- Mountain view
- Waterfront
- Fireplace
Features and inclusions
- Heating
- Natural gas, Hot Water, Other
- Cooling
- None
- Parking
- Detached Garage, Garage
- Lot
- Central location, Private setting, Other, Pie
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
- $31,519
- Property tax
- $1,942/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $33,611
Purchase snapshot
- List price
- $6,650,000
- Down payment
- $1,330,000 (20%)
- Estimated mortgage
- $5,320,000
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
- $34,585
- 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
- $2,970 a month
- Gross yield
- 0.5%
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 · 68%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
