5090 Cordova Bay Rd, Saanich
SE Cordova Bay · Single Family Residence · MLS® 1028445 · Listed Mar 17, 2026
Rare development opportunity to acquire three seaside lots within the Primary Growth Area (PGA) of Cordova Bay Village, including 5090, 5094, 5098 Cordova Bay Road. Located in one of Victoria's most prestigious neighbourhoods, They are the core of this community. With stunning views of the ocean and direct beach access across the road, this site offers inherent potential to take advantage of the existing blend of commercial and residential zoning, in step with the Official Community Plan updates. The three vacant lots are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use for up to four storeys on two lots that lie within the PGA, and two storeys on the remaining lot. This opportunity for future development will help shape the landscape of Cordova Bay.
| Property Type | Single Family Residence |
| Lot Size | 39,719 sqft (0.91 acres) |
| Lot Features | Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Near Golf Course |
| Parking | 60 spaces |
| Heating | Other |
| Basement | None |
| Exterior | See Remarks |
| Roof | See Remarks |
| Foundation | None |
| Water | Municipal |
| Sewer | Sewer Available |
| Zoning | Multi-Family |
| Taxes | $34,808 (2025) |
| MLS® # | 1028445 |
| Brokerage | Sotheby's International Realty Canada |
Similar properties sold within 6 months
Cordova Bay single-family averages, updated daily. See Cordova Bay market stats or Saanich market stats.
5090 Cordova Bay Rd, Saanich sold on May 15, 2026, after 59 days on the market.
The sold price is available free with an 8X account; it was listed at $7,500,000. It is shown publicly once the sale is registered with BC Assessment.
It was on the market for 59 days, from March 17, 2026 to May 15, 2026.
It has 60 parking spaces.
The lot is 39,719 sqft (0.91 acres).
Saanich is currently a balanced market: median sold price $1,577,500, 4 months of inventory, homes typically selling in about 43 days.
There are 36 houses for sale in Cordova Bay right now. Browse all Cordova Bay houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in Cordova Bay is $1,577,500, based on 164 sales over the past 12 months. The median price per square foot is $648. Compare asking prices across the houses currently for sale in Cordova 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 30, 2026.
