2625 Arbutus Rd, Saanich
SE Cadboro Bay · Multi Family · MLS® 1044793 · Listed Jul 31, 2026
Price Reduced! This rare 1.6 acre property is located in the highly desirable Cadboro Bay / Arbutus neighbourhood, steps from Cadboro Bay Village and blocks from the University of Victoria. This offering represents an exceptional opportunity to develop housing in one of Greater Victoria’s most affluent communities, where there is a very low supply of diverse housing options. Currently improved with a vacant 13,632 SF church facility and 53 paved parking stalls, there is significant potential for holding income while in planning. Conceptual development plans to develop townhomes have been well received by the Municipality of Saanich. Inquire for more details.
| Property Type | Multi Family |
| Lot Size | 69,260 sqft (1.6 acres) |
| Taxes | $70,884.13 (2026) |
| MLS® # | 1044793 |
| Brokerage | CBRE Limited |
Similar properties sold within 6 months
Cadboro Bay single-family averages, updated daily. See Cadboro Bay market stats or Saanich market stats.
It is listed at $6,499,000.
The lot is 69,260 sqft (1.6 acres).
2625 Arbutus Rd, Saanich was originally listed at $6,900,000, then reduced to $6,499,000 (5.8% reduction).
Saanich is currently a seller's market: median sold price $1,675,000, 2.3 months of inventory, homes typically selling in about 44 days.
There are 7 houses for sale in Cadboro Bay right now. Browse all Cadboro Bay houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in Cadboro Bay is $1,675,000, based on 49 sales over the past 12 months. The median price per square foot is $742. Compare asking prices across the houses currently for sale in Cadboro Bay.
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: Aug 17, 2026.
