- Active
5039 Cordova Bay Road
Saanich · Single Family
- Beds
- 4
- Baths
- 5
- Sqft
- 5,105
- Built
- 1982
Listed by Sotheby's International Realty Canada · MLS® 1033902
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Sign inAbout this home
Extraordinary oceanfront living Set directly on the sandy shores of Cordova Bay, this striking Malibu-style residence is in a class of its own with panoramic ocean views from every principal room. A smart home blending architectural sophistication with effortless seaside living. Remarkable custom features include a river-rock stream, dramatic up-lit feature wall and unique liquid crystal front door. Sandy Nygaard's thoughtful interior design demonstrates exceptional attention to detail with quality finishes. The chef-inspired kitchen features top-of-the-line appliances, expansive preparation areas and an abundance of storage. French doors from the kitchen and living room allow for seamless flow to the sun-drenched view deck. Offering 4 bedrooms, the home is designed for both comfortable daily living and memorable entertaining. The lower level, with 2 bedrooms and generous gathering spaces for entertaining or family movie nights, opens directly to the oceanside fire pit terrace - perfect for hosting family & friends. A separate gym provides an ideal retreat for fitness enthusiasts. An extraordinary waterfront home in one of Victoria’s most coveted seaside settings.
Home facts
- Bedrooms
- 4
- Bathrooms
- 5 full
- Interior
- 5,105 sq ft
- Lot size
- 6,385 sq ft
- Year built
- 1982
- Parking
- 4
- Property type
- Single Family
- Garage
- Yes
- Fireplaces
- 2
- Area
- Cordova Bay
- Style
- Other
- Listed
- May 13, 2026
- Structure
- House
- PID
- 006-165-443
- Common interest
- Freehold
Highlights
- Ocean view
- Mountain view
- Waterfront
- Gym
- Smart home
Features and inclusions
- Appliances
- Washer, Refrigerator, Hot Tub, Range - Gas, Range - Electric, Dishwasher, Range, Dryer, Microwave, Oven - Built-In
- Heating
- Heat Pump, Forced air, Natural gas
- Cooling
- Air Conditioned
- Parking
- Detached Garage, Electric Vehicle Charging Station(s)
- Lot
- Central location, Other, 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
- $21,329
- Property tax
- $1,317/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $22,796
Purchase snapshot
- List price
- $4,500,000
- Down payment
- $900,000 (20%)
- Estimated mortgage
- $3,600,000
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
- $23,404
- 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
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 · 43%
Who lives here
Documents
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Availability is not guaranteed. Review documents with a professional.