- Active
B – 3942 Telegraph Bay Road
Saanich · Single Family
- Beds
- 4
- Baths
- 5
- Sqft
- 3,104
- Built
- 2026
Listed by eXp Realty · MLS® 1044409
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Sign inAbout this home
Introducing an exceptional collection of luxury residences in the heart of prestigious Cadboro Bay, where timeless architecture, refined craftsmanship, and thoughtful design come together in one of Victoria's most coveted neighbourhoods. Offering 4 bedrooms, 5 bathrooms, a dedicated den, and a fully self-contained 1-bedroom suite with its own entrance, these homes provide exceptional flexibility for extended family, guests, or mortgage assistance. Inside, every detail has been carefully considered. Rich hardwood floors, soaring 9-foot ceilings, 8-foot interior doors, expansive windows, and a stunning gas fireplace create warm, light-filled living spaces. The chef-inspired kitchen is beautifully appointed with quartz countertops, custom millwork, a Wolf gas range, and a premium Fisher & Paykel appliance package. A true showpiece is the custom dining area, where built-in cabinetry, floating shelves, and integrated accent lighting create a striking focal point that blends everyday function with timeless design. Open the large sliding glass door to your spacious rear deck that overlooks the private, fenced, irrigated backyard, creating seamless indoor-outdoor living. Upstairs, the luxurious primary suite features a spa-inspired ensuite and walk-in closet, complemented by two additional bedrooms, one with its own ensuite, upper-floor laundry, and a spacious flex lounge perfect for family movie nights, homework, or quiet relaxation. spacious rear deck overlooks the private, fully fenced, irrigated backyard, creating seamless indoor-outdoor living. Complete with an EV roughed in garage, additional parking, and low-maintenance landscaping, these homes are just steps to Gyro Beach and The Village, and only minutes to UVic, Uplands Golf Club, Oak Bay Marina, and Downtown Victoria. This is a rare opportunity to own a brand-new luxury home where exceptional quality, thoughtful design, and an unbeatable location come together. Experience the very best of Cadboro Bay living.
Home facts
- Bedrooms
- 4
- Bathrooms
- 5 full
- Interior
- 3,104 sq ft
- Lot size
- 10,728 sq ft
- Year built
- 2026
- Parking
- 2
- Property type
- Single Family
- Garage
- Yes
- Fireplace
- 1
- Area
- Cadboro Bay
- Listed
- July 29, 2026
- Structure
- Duplex
- PID
- 989-989-989
- Common interest
- Condo/Strata
Highlights
- Private yard
- Golf course
- Gas range
- Fireplace
Features and inclusions
- Heating
- Heat Pump, Baseboard heaters, Forced air, Electric, Natural gas
- Cooling
- Air Conditioned
- Parking
- Attached Garage, Garage, Additional Parking
- Lot
- Central location, Level lot, Private setting, Southern exposure, Other, Marine Oriented
- Community
- Family Oriented, Pets Allowed
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
- $10,423
- Property tax
- $642/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $11,214
Purchase snapshot
- List price
- $2,199,000
- Down payment
- $439,800 (20%)
- Estimated mortgage
- $1,759,200
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
- $11,437
- 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 · 68%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.