3934 Telegraph Bay Rd, Saanich
SE Cadboro Bay · Land · MLS® 1047051 · Listed Aug 19, 2026
PRIME CADBORO BAY DEVELOPMENT SITE. Set on a level, approximately 21,775 sq. ft. (0.5 Acre) lot, this property combines exceptional development potential with a coastal lifestyle, just a short walk to Cadboro-Gyro Beach, parks, trails and Cadboro Bay Village. The site offers multiple development pathways under the current RS-10 zoning and SSMUH framework, including potential for up to four ground-oriented dwelling units without rezoning. The generous, level site also presents an opportunity to explore subdivision, with a minimum lot size of 8,396 sq. ft. under the RS-10 zoning bylaw. Cadboro Bay is an exceptional setting for high-end missing-middle housing, with limited land supply and strong demand from downsizers seeking lower-maintenance living without sacrificing quality, location or beach access. A rare opportunity to create a premium residential project in one of Greater Victoria's most desirable coastal neighbourhoods. Call today for a site tour or for more information.
| Property Type | Land |
| Lot Size | 21,775 sqft (0.5 acres) |
| Lot Features | Cleared, Family-Oriented Neighbourhood, Level, Rectangular Lot, Serviced, Sidewalk |
| Parking | 4 spaces |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $8,170 (2026) |
| MLS® # | 1047051 |
| Brokerage | Coldwell Banker Oceanside Real Estate |
Similar properties sold within 6 months
Cadboro Bay all property types averages, updated daily. See Cadboro Bay market stats or Saanich market stats.
It is listed at $1,950,000.
It has 4 parking spaces.
The lot is 21,775 sqft (0.5 acres).
Saanich is currently a seller's market: median sold price $1,589,000, 3 months of inventory, homes typically selling in about 43 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: Aug 19, 2026.
