- Active
4569 Cordova Bay Road
Saanich · Vacant Land
- Lot size
- 19,428 ft²
Listed by RE/MAX Generation - The Neal Estate Group · MLS® 1042711
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RARE OCEANFRONT OPPORTUNITY IN PRESTIGIOUS CORDOVA BAY. Set on nearly half an acre of spectacular waterfront, 4569 Cordova Bay Road presents an extraordinary opportunity for a visionary buyer, developer, or builder to create a truly exceptional coastal residence. With a dramatic oceanfront setting and incredible potential, this unique property invites bold architectural vision and creative design. Located within a Slope Terrain Zone and intended for a single-family dwelling, the challenging terrain will require thoughtful planning, ingenuity, and expertise, but the reward could be something truly remarkable. City water and sewer connections are available. This is not an ordinary building lot. It is an opportunity to transform a rare piece of Cordova Bay oceanfront into a one-of-a-kind luxury residence. Bring your architect. Bring your builder. Bring your vision. Ask your REALTOR® for proposal images and additional property information. Opportunities like this are exceptionally rare.
Home facts
- Lot size
- 19,428 sq ft
- Property type
- Vacant Land
- Area
- Cordova Bay
- Listed
- July 9, 2026
- PID
- 007-675-291
- Common interest
- Freehold
Highlights
- Ocean view
- Mountain view
- Waterfront
Features and inclusions
- Lot
- Wooded area, Sloping, Rectangular
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
- $1,417
- Property tax
- $83/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $1,651
Purchase snapshot
- List price
- $299,000
- Down payment
- $59,800 (20%)
- Estimated mortgage
- $239,200
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
- $1,555
- 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
- $1,260 a month
- Gross yield
- 5.1%
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 · 63%
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.