10968 Madrona Dr, North Saanich
Deep Cove · Single Family Residence · MLS® 1041351 · Listed Jun 23, 2026
Perched at the water's edge on a private waterfront lot in Deep Cove, this retreat-like property offers a rare connection to the ocean. With the shoreline just steps away, you'll feel like you're living aboard a boat, with all the comforts of home. A setting this close to the water couldn't be replicated today, making it exceptionally rare. Restored from the foundation up with no expense spared, the home retains the charm of a true Pan Abode. In the main living area, an entire wall of glass doors opens fully to the deck, blurring the line between indoors and out. Upstairs, an observatory-style study features a full retractable roof. The two-bedroom home offers two full baths, a half bath, and a laundry room, with in-floor radiant heat and a heat pump for year-round comfort. Outside, enjoy a hot tub, EV charger, and double-car garage, plus a shared foreshore lease and dock in a protected bay for your boat, kayaks, and paddleboards. City water and sewer complete this rare offering.
| Property Type | Single Family Residence |
| Bedrooms | 2 |
| Bathrooms | 3 |
| Interior | 2,232 sqft |
| Lot Size | 11,326 sqft (0.26 acres) |
| Lot Features | Dock/Moorage, Foreshore Rights, Irregular Lot, Marina Nearby, Private, Quiet Area, Serviced |
| Parking | 7 spaces (2 garage) |
| Year Built | 1959 |
| Fireplaces | 2 |
| Heating | Heat Pump, Hot Water |
| Basement | Finished, Walk-Out Access, With Windows |
| Exterior | Insulation: Ceiling, Insulation: Walls, Shingle-Wood |
| Roof | Metal |
| Foundation | Concrete Perimeter |
| Flooring | Concrete, Hardwood |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $6,314.98 (2025) |
| Extras | Dishwasher, Dryer, Hot Tub, Refrigerator, Washer |
| MLS® # | 1041351 |
| Brokerage | Pemberton Holmes Ltd. - Oak Bay |
Similar properties sold within 6 months
Deep Cove single-family averages, updated daily. See Deep Cove market stats or North Saanich market stats.
It is listed at $2,699,000.
A Single Family Residence in Deep Cove, North Saanich with 2 bedrooms, 3 bathrooms, 2,232 sqft, built in 1959.
It has 5 parking spaces.
The lot is 11,326 sqft (0.26 acres).
North Saanich is currently a seller's market: median sold price $1,899,950, 2.4 months of inventory, homes typically selling in about 46 days.
MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Jul 25, 2026.
