- Active
5248 Parker Avenue
Saanich · Single Family
- Beds
- 5
- Baths
- 3
Saanich · Single Family
Listed by Rennie & Associates Realty Ltd. · MLS® 1047473
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Sign inOcean views define this exceptional Parker Avenue residence, set along one of Cordova Bay’s most coveted streets and just steps from Fenn Beach and Parker Park. Custom built in 1974, this distinctive steel-and-concrete West Coast home offers 2,968 sqft. of finished living space on a 14,982 sqft. lot, combining architectural character, privacy and flexibility in a setting that is increasingly hard to replicate. Inside, exposed beams, warm wood ceilings, high ceilings and expansive windows create bright, open interiors with a strong connection to the surrounding landscape. The outlook is a defining feature, with ocean views complemented by Mt. Baker to the east and Mt. Doug to the south. The home is currently configured for executive living with additional accommodation, with both levels fully above grade, spacious and self-contained. For buyers who prefer a traditional single-family layout, the original interior staircase remains intact behind concealed framing and can be reopened to reconnect the two levels with relative ease. Significant renovations have been completed throughout, while rooftop solar, upgraded 200-amp electrical service, natural gas and two wood-burning fireplaces add comfort and functionality. Nearly 2,060 sq.ft. of decks and patio extend the living outdoors, with gas BBQ connections on both levels and multiple areas for dining, entertaining and enjoying the views. The large, fully fenced backyard opens into a private forested retreat with mature olive, cherry, quince and plum trees — an extraordinary environment for children, pets, gardening or simply escaping into nature. A separate finished studio provides ideal space for an executive office, gym, workshop or creative use, while the garage adds valuable storage. A rare combination of architectural distinction, ocean views, executive living, income flexibility and a true family backyard, 5248 Parker is a singular offering in one of Cordova Bay’s most desirable coastal locations.
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.
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Estimates only. They leave out utilities, upkeep and closing costs.
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 45%
Active listings within 3 km of this home.
Source: Statistics Canada, 2021 Census of Population. 250 dwellings.
Statistics Canada area 59170075 · Saanich
Source: Statistics Canada, 2021 Census Profile, dissemination area 59170075.
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Property tax
Municipal, regional, hospital and school rates combined.
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
Land and hazards
Provincial designations and mapped natural hazards at this location.
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)
For investors
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.
Climate
Ten year average, 2016–2025.
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
Borrowing costs
The rates behind any payment estimate on this page.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-10-29