Address
5090 Cordova Bay Rd, Saanich, BC
Price
$ 13,500,000
Property Attributes
  • MLS#942890
  • TypeSingle Family
  • CitySaanich
  • AreaSaanich East
  • NeighbourhoodSE Cordova Bay
  • Postal CodeV8Y 2K5
  • StyleSingle Family Detached
  • Year Built1922
  • Taxes$ 128580
  • Price$ 13,500,000
  • Bedrooms0
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage10993
  • Lot Size1.3 Acres
Data Source:
Victoria Real Estate Board (VREB)
Property Description

Rare opportunity to acquire up to five seaside lots within the Primary Growth Area (PGA) of Cordova Bay Village, including 5090, 5094, 5098, 5105 & 5109 Cordova Bay Rd. Located in one of Victoria's most prestigious neighbourhoods, two of the five lots include the former Beach House restaurant, a prime oceanfront landmark that has been the epicentre of the community. With stunning views of the beach, this site offers inherent potential to take advantage of the existing blend of commercial & residential zoning or redevelop the site into higher density, luxury residential accommodation, in step with recent Official Community Plan updates. The 3 remaining lots, currently used for parking across from the restaurant, are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use, for up to 4 storeys on two lots that lie within the PGA, & 2 storeys on the remaining lot.These five lots offer future development potential that will help shape the landscape of Cordova Bay.

General Features

Sewer Sewer Connected
Heating Forced Air,Heat Recovery,Natural Gas
Cooling Air Conditioning
Roof Metal
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs
View Mountain(s),Ocean,Other
Property SubType Single Family Detached
Property Type Residential
Parking Total 10
Construction Materials See Remarks
Zoning Type Residential/Commercial
Bathrooms Count Main Level 3

Interior Features

Interior Features Bar
Basement Walk-Out Access
Basement Y/N Yes
Total Kitchens 2
Laundry Features In House
Living Area Third 0.00
Living Area Second 0.00
Living Area Other 377.00
Living Area Main 5198.00
Living Area Lower 5424.00
Kitchens Count Main Level 1
Kitchens Count Lower Level 1
Building Area Unfinished 1404.00
Bath 5 Piece Total 4
Bathrooms Count Lower Level 5
Bath 2 Piece Total 4
Basement Height Feet 8
Basement Height Inches 6

Exterior Features

Waterfront Yes
Lot Features Central Location,Near Golf Course,Park Setting,Recreation Nearby,Shopping Nearby,Walk on Waterfront
Water Source Municipal
Parking Features Driveway,On Street
WaterFront Features Ocean
Foundation Poured Concrete
Building Area Total 12397.00
Lot Size Square Feet 56470.00
Lot Size Acres 1.30
View YN Yes
Driveway YN Yes

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in V8Y 2K5

Price
AVG $7.17M
$13.5M
Taxes
AVG $66,067
$128,580
Visits
AVG 473
1971
Data Provided by Inside Real Estate®
Year Built
AVG 1939
1922
Walkscore
AVG 46
46
Data Provided by Walkscore® not using MLS data