Victoria Real Estate
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4916 Lochside Dr

$2,185,000

Cordova Bay

Detached5 bd · 5 ba · 4,361 sqftBuilt 1967$501/sqft19 days on market

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About this home

This custom-built 1967 home was thoughtfully designed to take full advantage of the property's stunning views and exceptional setting. Whether you choose to renovate, redecorate or build your dream home, this is a truly unique estate property offering endless possibilities. Set on a private 1.27-acre panhandle lot in sought-after Cordova Bay, it combines ocean views, outstanding privacy and an unbeatable location just a short walk to the beach, McMinn Park and Broadmead. Properties like this are exceptionally rare. Perched on a gently sloping site, the main residence offers over 2,300 sq.ft. on the main level with 3 bedrooms, 2 bathrooms, and spacious living, dining and kitchen areas designed to frame sweeping views toward Mt. Baker. The 1,600 sq.ft. lower level includes an in-law suite with a separate entrance plus a large rec room for the main home. A hobbyist's dream, the property features a double garage with an attached garden room, a large detached workshop on the former horse paddock, abundant storage throughout, and a separate 1-bedroom guest cottage tucked privately among the beautiful treed upper portion of the property. Multiple accessory buildings provide excellent opportunities for a home-based business, studio, workshop or private office. Outdoor enthusiasts and gardeners will appreciate the established garden areas, greenhouse, mature trees and peaceful natural surroundings, creating a private retreat unlike any other. There's even a fenced tennis or sport court, while the expansive grounds still leave ample space to further customize the property to suit your lifestyle. A rare opportunity to own a private acreage where you can enjoy the existing improvements, create your ideal family estate, or design and build your forever home in one of Victoria's most desirable neighbourhoods. (id:65179)

Property details

From the listing's public record.

Lot size

1.27 acres

Year built

1967

Taxes

$12,721/yr

Zoning

Residential

View

Mountain viewOcean view

Appliances

WasherRefrigeratorRange - ElectricDishwasherDryer

Heating

Baseboard heatersOilElectricHot Water

Lot

AcreageCentral locationHillsideIrregular lot size

Price history

1 record

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Jul 9, 2026

    Listed $2,185,000

    Active19 days on marketMLS 1041801

How this listing compares

Based on 80 sales in Cordova Bay

Median sold

$1,596,500

Avg days on market

50 days

Avg sale-to-list

96%

Avg $/sqft

$555

Price per square foot

This home: $501/sqftArea average: $555/sqft

Below area average

Current market in Cordova Bay

Active (same type)

39

Pending

13

All active listings

75

Months of supply

5.8

Balanced market5.8 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$2,630,000

Homes in Saanich East sell at 102.5% of assessed value on average.

Based on 643 recent sales.

Local price trend

How Cordova Bay has moved over the last decade.

79104129Aug 2016Jul 2021Jun 2026

Local price index (normalized) · 119 months

Recent nearby sales

12 sales
  • 922 Claremont Ave

    $1,460,000

    5 bd · 2 ba · 2,830 sqft · $516/sqft · 8 days on market

    Sold Jul 22, 2026 · 100.1% of list

  • 748 Walema Ave

    $2,300,000

    5 bd · 3 ba · 3,491 sqft · $659/sqft · 10 days on market

    Sold Jul 22, 2026 · 100.1% of list

  • 4988 Georgia Park Terr

    $2,009,999

    4 bd · 3 ba · 5,413 sqft · $371/sqft · 11 days on market

    Sold Jul 16, 2026 · 100.5% of list

  • 5198 Beckton Rd

    $1,386,500

    3 bd · 3 ba · 2,630 sqft · $527/sqft · 95 days on market

    Sold Jul 16, 2026 · 99.1% of list

  • 4984 Georgia Park Terr

    $1,945,000

    5 bd · 4 ba · 3,636 sqft · $535/sqft · 40 days on market

    Sold Jul 15, 2026 · 97.7% of list

  • 5090 Cordova Bay Rd

    $5,750,000

    — · — · — · 59 days on market

    Sold Jul 15, 2026 · 76.7% of list

  • 5195 Walema Crt

    $1,415,000

    4 bd · 3 ba · 2,845 sqft · $497/sqft · 19 days on market

    Sold Jul 13, 2026 · 95.6% of list

  • 866 Cambria Wood Crt

    $1,585,000

    4 bd · 3 ba · 3,626 sqft · $437/sqft · 27 days on market

    Sold Jul 7, 2026 · 97.5% of list

  • 5155 Lochside Dr

    $1,425,000

    3 bd · 3 ba · 2,634 sqft · $541/sqft · 30 days on market

    Sold Jul 3, 2026 · 95.1% of list

  • 989 Abbey Rd

    $1,400,000

    4 bd · 3 ba · 1,863 sqft · $751/sqft · 6 days on market

    Sold Jun 30, 2026 · 93.6% of list

  • 5047 Benton Crt

    $1,430,000

    4 bd · 3 ba · 2,373 sqft · $603/sqft · 13 days on market

    Sold Jun 25, 2026 · 98.8% of list

  • 774 Destrube Pl

    $1,850,000

    5 bd · 4 ba · 4,482 sqft · $413/sqft · 13 days on market

    Sold Jun 24, 2026 · 100% of list

What would this home cost?

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Monthly mortgage

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Loan amount

$2,185,000 − $437,000

$1,748,000

Down payment

20.0%

$437,000

Property Transfer Tax

$43,550

Legal / closing (est.)

$1,500

Cash to close

$482,050

Down payment + PTT + GST + legal estimate.

Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.

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More on this listing

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