- Active
5489 Forest Hill Road
Saanich · Single Family
- Beds
- 7
- Baths
- 8
- Sqft
- 5,307
- Built
- 1980
Listed by RE/MAX Camosun · MLS® 1026282
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Sign inAbout this home
A Legacy Estate Overlooking Elk Lake—First Time Offered in Over 35 Years Some properties don’t just house families—they nurture generations. This extraordinary 5.23-acre estate, with dual access from Forest Hill and Doyle Road, is one of those rare places. Overlooking Elk Lake with sweeping views to the Olympic Mountains, it’s a cherished landscape of established orchards, abundant fruit and nut trees, terraced vegetable gardens, and gently sloping fields where animals have roamed freely for decades. Trails lead down through the trees to lakefront pathways, inviting connection with nature at every turn. The main residence is over 3,000 sq.ft. of thoughtfully designed one-level living, with four bedrooms each featuring its own ensuite. Every window frames a view of the land that has been so lovingly tended. The heart of the home—a spacious kitchen and family room—flows to an expansive outdoor deck with a handcrafted brick forno oven, evoking long European summer evenings and memorable family gatherings. Downstairs, a walk-out one-bedroom suite offers independent space with its own entrance and outdoor patio. A second home—perfect for extended family, guests, or caretakers—features 2 to 3 bedrooms and its own double garage. Rarely do properties like this come to market. Held in the same family for over 35 years, this is more than a home. It’s a story waiting to be continued, a place to plant roots and create lasting memories for generations to come.
Home facts
- Bedrooms
- 7
- Bathrooms
- 8 full
- Interior
- 5,307 sq ft
- Year built
- 1980
- Parking
- 10
- Property type
- Single Family
- Garage
- Yes
- Fireplace
- 1
- Area
- West Saanich
- Listed
- May 8, 2026
- Structure
- House
- PID
- 000-280-160
- Common interest
- Freehold
Highlights
- Waterfront
- Patio
- Double garage
Features and inclusions
- Appliances
- Hot Tub, Dishwasher
- Heating
- Forced air
- Cooling
- See Remarks
- Parking
- Attached Garage, Garage
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
- $17,536
- Property tax
- $1,075/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $18,761
Purchase snapshot
- List price
- $3,699,800
- Down payment
- $739,960 (20%)
- Estimated mortgage
- $2,959,840
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
- $19,242
- 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.
- Agricultural Land Reserve
- In the ALR
- Provincial farmland protection restricts subdivision and non-farm use.
- 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 · 46%
Who lives here
Documents
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