- Active
5168 Santa Clara Avenue
Saanich · Single Family
- Beds
- 5
- Baths
- 3
- Sqft
- 2,180
- Built
- 1947
Listed by Pemberton Holmes Ltd. · MLS® 1049903
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Sign inAbout this home
Nestled among the trees in sought-after Cordova Bay, this 5-bedroom, 3-bathroom rancher offers a rare blend of comfort, privacy, and future potential on a spectacular 1.23-acre property. Enjoy beautiful views across Elk Lake and surrounding parkland—an ever-changing natural backdrop that can never be built on, preserving the peaceful outlook for years to come. A tree-lined driveway welcomes you into a lush landscape of mature gardens, fruit trees, and exceptional privacy. Designed for effortless single-level living, the home features hardwood floors, a functional open layout, and an updated kitchen that connects seamlessly to indoor and outdoor gathering spaces. Large windows fill the home with natural light while framing tranquil views in every season. Recent improvements include heated floors in the main bathroom, newer appliances, a newly installed main septic field, refreshed landscaping, and hydroseed. The sunny rear patio is perfect for entertaining and enjoying afternoon sun, while the front patio provides a peaceful spot for morning coffee. Adding tremendous flexibility is a beautifully finished detached 1-bedroom cottage/studio, ideal for guests, extended family, a home business, creative pursuits, or potential rental income. A separate detached art studio provides additional space to create, work, or retreat. With ample RV parking, room for gardens and recreation, and generous zoning, this property offers both immediate enjoyment and long-term opportunity. Rarely does a parcel of this size become available in Cordova Bay. Whether you're seeking a private family retreat, multi-generational living, income potential, or the opportunity to create a future legacy estate, the possibilities here are exceptional. Located just minutes from top-rated schools, beaches, trails, golf, shopping, and recreation, this is more than a home—it is a lifestyle property offering the perfect balance of privacy, nature, creativity, and convenience.
Home facts
- Bedrooms
- 5
- Bathrooms
- 3 full
- Interior
- 2,180 sq ft
- Year built
- 1947
- Parking
- 5
- Property type
- Single Family
- Garage
- Yes
- Fireplace
- 1
- Area
- Cordova Bay
- Listed
- September 15, 2026
- Structure
- House
- PID
- 004-557-735
- Common interest
- Freehold
Highlights
- Mountain view
- Patio
Features and inclusions
- Appliances
- Washer, Refrigerator, Dishwasher, Dryer
- Heating
- Baseboard heaters, Oil, Wood, Other
- Cooling
- None
- Parking
- Garage, RV
- Lot
- Acreage, Central location, Park setting, Private setting, Irregular lot size, Other
Rooms and building
- Water
- Zoning
- Rural 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
- $6,157
- Property tax
- $375/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $6,682
Purchase snapshot
- List price
- $1,299,000
- Down payment
- $259,800 (20%)
- Estimated mortgage
- $1,039,200
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
- $6,756
- 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
- $2,295 a month
- Gross yield
- 2.1%
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 · 47%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
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