For Sale20d on market
5090 Cordova Bay Rd
Saanich, BC, V8Y2K5 • Cordova Bay • Capital Regional District
$7,500,000
Down payment assistance available
0.91 acLot
Property DNA
Waterfront Property
Direct water access
Ocean Views
Ocean
Market activity
Demand and pricing signals for this listing
24 views
People checking out this listing
20 days on market
Recently listed
About this home
Single Family
Rare development opportunity to acquire three seaside lots within the Primary Growth Area (PGA) of Cordova Bay Village, including 5090, 5094, 5098 Cordova Bay Road. Located in one of Victoria's most prestigious neighbourhoods, They are the core of this community. With stunning views of the ocean and direct beach access across the road, this site offers inherent potential to take advantage of the existing blend of commercial and residential zoning, in step with the Official Community Plan updates. The three vacant lots are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use for up to four storeys on two lots that lie within the PGA, and two storeys on the remaining lot. This opportunity for future development will help shape the landscape of Cordova Bay.
Estimated monthly payment
Based on current rates
$48,916/month
Principal & Interest$38,916
Property Tax$7,500
Insurance$2,500
Down payment20% ($1,500,000)
3%50%
Est. 6.75% rate · 30yr fixed · $6,000,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
HeatingOther
CoolingNone
Parking60 Open Parking spaces
Lot0.91 Acres
Days on Zillow20 Days
Property
Home typeSingle Family
Sub-typeSingle Family Residence
ConditionLand Value Only
Systems
HeatingOther
CoolingNone
RoofSee Remarks
ConstructionSee Remarks
Water / SewerMunicipal
Parking & Outdoor
ParkingOpen, None
BasementNone
Lot0.91 Acres
Location & Tax
NeighborhoodCordova Bay
Annual tax$34,808
Parcel005902240
Features & details
9 categories of property features
Interior Features
Heating
Other
Cooling
None
Laundry
None
Exterior Features
Parking
Open
None
Construction
See Remarks
Lot Features
Central Location
Cleared
Easy Access
Family-Oriented Neighbourhood
Near Golf Course
Community
Family-Oriented Neighbourhood
Views
Ocean
Utilities
Sewer Available
Listing insights
Market data and value estimates
StatusFor Sale
Days on market20
Est. rent$3,827/mo
On marketMar 17, 2026
PostedMar 17, 2026
MLS updatedMar 23, 2026
Tour days6
Views24
How are the schools in Saanich?
2 schools rated nearby
Location
Saanich, BC, V8Y2K5
Price history
1 event
DateEventPrice$/sqftSource
Mar 17, 2026Listed For Sale$7,500,000—VIVA
Listed For Sale$7,500,000
Mar 17, 2026•VIVA
Nearby homes
Neighborhood details
Local context around this listing
Saanich, BC • Capital Regional District
Nearby neighborhoods
BlenkinsopCadboro BayCareyCordova BayGordon HeadNorth QuadraQuadraRoyal OakSaanich CoreTillicum
Nearby cities
Central SaanichColwoodEsquimaltLangfordNorth SaanichOak BaySaanichSidney
Nearby zip codes
V8NV8PV8XV8YV8ZV9AV9E
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Listing content Copyright 2026 Vancouver Island Real Estate Board & Victoria Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.
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