- Active
5200 Polson Terrace
Saanich · Single Family
- Beds
- 5
- Baths
- 4
- Sqft
- 2,895
- Built
- 1987
Listed by eXp Realty · MLS® 1049221
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Sign inAbout this home
Breath taking Ocean Views!! Welcome to the crown jewel of Cordova Bay… where timeless European elegance meets the stunning natural beauty of Vancouver Island. For the very first time, this cherished family estate is being offered to the market. Lovingly built and maintained by its original Italian owners, every corner of this home radiates pride, craftsmanship, and care. Wake up each morning to unobstructed views of Mount Baker and Haro Strait, stretching endlessly from your full-length, east-facing balconies. Inside, nearly 3,000 square feet of classic design invites you to gather around cozy fireplaces, entertain in elegant spaces, and create your own legacy within these walls. Outside, over 1,000 sqft of patios, koi ponds, and lush landscaping create a tranquil, resort-like retreat—set atop a peaceful hill that offers unmatched serenity and privacy. This isn’t just a home. It’s a rare opportunity to own a piece of Cordova Bay’s soul—gracefully elevated, and rich with story.
Home facts
- Bedrooms
- 5
- Bathrooms
- 4 full
- Interior
- 2,895 sq ft
- Lot size
- 13,950 sq ft
- Year built
- 1987
- Parking
- 4
- Property type
- Single Family
- Garage
- Yes
- Fireplaces
- 2
- Area
- Cordova Bay
- Listed
- September 10, 2026
- Structure
- House
- PID
- 002-106-876
- Common interest
- Freehold
Highlights
- Ocean view
- Mountain view
- Balcony
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Parking
- Attached Garage, Garage, Street
- Lot
- Cul-de-sac, Private setting, Other
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
- $8,508
- Property tax
- $525/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $9,183
Purchase snapshot
- List price
- $1,795,000
- Down payment
- $359,000 (20%)
- Estimated mortgage
- $1,436,000
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
- $9,335
- 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
- $2,565 a month
- Gross yield
- 1.7%
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 · 44%
Who lives here
Documents
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