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  5. Cordova Bay

5037 Cordova Bay Road, Cordova Bay Saanich

Price

$2,000,000

Bedrooms1 Beds

Bathrooms2 Baths

Size1210 sqft

Year Built1960

Property TypeDetached Home

Property Taxes$9,064.41

Description

Unrivaled Waterfront Opportunity: Build Your Dream on the Shore! Don't miss your chance to secure a coveted, walk-on waterfront property in one of the region's most exclusive oceanfront enclaves. While the existing house requires serious updates and repairs—and is primarily being sold for land value—the true treasure here is the lot. Imagine waking up to gorgeous, unobstructed views of the ocean, mountains, and marine life from your own backyard. This is more than a purchase; it's a blank canvas for your vision. Take advantage of the location to build your custom dream home, perfectly positioned to maximize the spectacular scenery. Design a modern masterpiece, a timeless coastal estate, or whatever your heart desires. The ability to create something entirely new, tailored exactly to your specifications, is an opportunity that simply won't last. Secure your stake on the water and start planning the future you've always wanted. The value is in the land; the lifestyle is priceless. (id:39198)

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Listed By

The listing brokerage and/or agent is Rennie & Associates Realty Ltd.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Property Dimensions


The Property Location

Mortgage Calculator

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Total Monthly Payment

$7,941 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,600,000

Total Interest Payments

$986,498

Total Payment (Principal + Interest)

$2,586,498


Discuss Your Options With Us Today

Cashflow Calculator

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Monthly Cash Flow

$300 / month


Monthly Expenses

-$1,700

Monthly Income

$2,000


Your monthly cash flow is positive

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Meet Alex & Georgia

Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.

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Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.

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The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.

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Engel & Võlkers Vancouver Island

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The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association. Review our MLS® Data Disclosure if you have any further questions