4885 Prospect Lake Rd, Saanich
SW Prospect Lake · Single Family Residence · MLS® 1033059 · Listed Apr 23, 2026
Serious New Price for this 2016-built rancher on sought after Prospect Lake, time to move in for summer fun! Well designed, well built with bright open spaces for easy everyday living & gracious entertaining. Connect with nature, family & friends from the expansive Great Room featuring ever-changing vistas, wrap around kitchen with butler pantry, living room with fireplace, huge dining room that spills out to a party-sized deck then down to a grassy runway toward 2 cedar wharves, one that motors you to raft-up dinner parties & concerts! Main floor primary bedroom with fireplace & guest bedroom both with ensuites, huge mud entry off the triple garage. Bonuses: 2 bedroom teen or office space over the garage can be converted back to a guest suite, newer detached heated studio, crawl space, heat pump. Located on deep West Bay ideal for non- AND motorized sports, steps from forested bike/hike trails, minutes to Red Barn, Mosi Caffe, Elem. School & more.
| Property Type | Single Family Residence |
| Bedrooms | 4 |
| Bathrooms | 4 |
| Interior | 3,027 sqft |
| Lot Size | 17,424 sqft (0.4 acres) |
| Lot Features | Dock/Moorage, Landscaped, Walk on Waterfront |
| Parking | 7 spaces (3 garage) |
| Year Built | 2016 |
| Fireplaces | 2 |
| Heating | Forced Air, Heat Pump, Radiant Floor |
| Basement | Crawl Space |
| Exterior | Cement Fibre, Shingle-Other |
| Roof | Fibreglass Shingle |
| Foundation | Concrete Perimeter |
| Flooring | Carpet, Hardwood, Tile, Vinyl |
| Water | Municipal |
| Sewer | Septic System |
| Zoning | Residential |
| Taxes | $11,553.63 (2025) |
| Extras | Built-In Range, Dishwasher, Dryer, Microwave, Oven Built-In, Refrigerator, Washer |
| MLS® # | 1033059 |
| Brokerage | RE/MAX Camosun |
Similar properties sold within 6 months
Prospect Lake single-family averages, updated daily. See Prospect Lake market stats or Saanich market stats.
4885 Prospect Lake Rd, Saanich sold on May 15, 2026, after 22 days on the market.
It sold for $2,810,000 (listed at $2,750,000). Source: BC Assessment (registered sale).
It was on the market for 22 days, from April 23, 2026 to May 15, 2026.
A Single Family Residence in SW Prospect Lake, Saanich with 4 bedrooms, 4 bathrooms, 3,027 sqft, built in 2016.
It has 4 parking spaces.
The lot is 17,424 sqft (0.4 acres).
4885 Prospect Lake Rd, Saanich sold for $2,810,000, 10.6% above its BC-assessed value of $2,541,000 (assessed July 1, 2025) — a sale-to-assessment ratio of 111%. Source: BC Assessment.
Saanich is currently a buyer's market: median sold price $2,000,000, 9 months of inventory, homes typically selling in about 47 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 26, 2026.
