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 $1,900,000, 2.6 months of inventory, homes typically selling in about 46 days.
There are 12 houses for sale in Deep Cove right now. Browse all Deep Cove houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in Deep Cove is $1,900,000, based on 77 sales over the past 12 months. The median price per square foot is $745. Compare asking prices across the houses currently for sale in Deep Cove.
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 8, 2026.
