Cordova Bay Road, Cordova Bay Saanich
Price
$5,500,000
BedroomsNot listed
Bathrooms8 Baths
Size12397 sqft
Year Built1922
Property TypeDetached Home
Property Taxes$112,396.01
Description
A rare oceanfront development opportunity is offered at 5109 and 5105 Cordova Bay Rd, front & centre on one of Victoria’s most desirable sandy beaches. Formerly known as The Beach House Restaurant, this landmark and pinnacle of the community is now available for redevelopment or continued existing use. Much coveted as a restaurant/special event venue, it includes two side-by-side properties, one residential and one commercial, with uninterrupted marine vistas across the shallow waters of Cordova Bay towards San Juan Islands. The current substantial structure was fully updated in 2012 and has been well maintained. These commanding views could not be recreated and a buyer could benefit from maximum usage under the new Official Community Plan. The discerning buyer is offered an incredible opportunity with intrinsic value. LOCATION Cordova Bay is an up-market neighbourhood of Greater Victoria, with some of the city's prime oceanfront real estate. This property is located beside McMorran Park near to the services at Mattick’s Farm and the shops and condos at The Haro plus a short drive to Broadmead Shopping Centre. This warm and vibrant community offers excellent schools and access to the famed Lochside Trail. It also boasts the 18-hole Cordova Bay Golf Course and the nine-hole pitch and putt Ridge Course. (id:39198)
Listed By
The listing brokerage and/or agent is Sotheby's International Realty Canada
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
$29,125 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$4,400,000
Total Interest Payments
$2,712,868
Total Payment (Principal + Interest)
$7,112,868
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
Comber Friesen Group
Realtors
Related Properties
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.
Locations We Serve
Cowichan Valley
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.