5090 Cordova Bay Rd
Saanich
V8Y 2K5
$13,500,000
Residential
beds: 0
baths: 8.0
10,993 sq. ft.
built: 1922
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 942890
- Bathrooms:
- 8
- Year Built:
- 1922
- Photos (77)
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Rare opportunity to acquire up to five seaside lots within the Primary Growth Area (PGA) of Cordova Bay Village, including 5090, 5094, 5098, 5105 & 5109 Cordova Bay Rd. Located in one of Victoria's most prestigious neighbourhoods, two of the five lots include the former Beach House restaurant, a prime oceanfront landmark that has been the epicentre of the community. With stunning views of the beach, this site offers inherent potential to take advantage of the existing blend of commercial & residential zoning or redevelop the site into higher density, luxury residential accommodation, in step with recent Official Community Plan updates. The 3 remaining lots, currently used for parking across from the restaurant, are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use, for up to 4 storeys on two lots that lie within the PGA, & 2 storeys on the remaining lot.These five lots offer future development potential that will help shape the landscape of Cordova Bay.
- Property Type:
- Residential
- Type:
- Single Family Detached
- Year built:
- 1922 (Age: 101)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 10,993 sq. ft.
- Listing General Location:
- SE Cordova Bay, Saanich East
- Bedrooms:
- 0
- Bathrooms:
- 8.0 (Full:-/Half:-)
- Lot Size:
- 1.296 acre(s)
- Kitchens:
- 2
- Taxes:
- Signup
- Construction:
- See Remarks
- New Construction:
- No
- Basement:
- Walk-Out Access
- Foundation:
- Concrete Perimeter
- Roof:
- Metal
- Ceiling Heights:
- Signup
- Total Building Area:
- 12,397 sq. ft.
- Total Unfinished Area:
- 1,404 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 0
- # Main Level Bedrooms:
- 0
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 3
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 5
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 1
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 5,424 sq. ft.
- Living Area Main Floor:
- 5,198 sq. ft.
- Living Area Other Floor:
- 377 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 0
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- Air Conditioning
- Heating:
- Forced Air, Heat Recovery, Natural Gas
- Fireplace:
- No
- Pending Date:
- Signup
- Bar
- Mountain(s), Ocean, Other
- Ocean Front
- Main Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Floor
- Ensuite
- Pieces
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- District of Saanich (SD63)
- Legal Description:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 4
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 0
- Number of 5 piece baths:
- 4
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Resale
- Exposure / Faces:
- West
- Layout:
- Other
- Lot Site Features:
- Central Location, Near Golf Course, Park Setting, Recreation Nearby, Shopping Nearby, Walk on Waterfront
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Driveway, On Street
- Total Parking Spaces:
- 10
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Sep 12, 2023
- Original Price:
- 1.35E7
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Listed by Sotheby's International Realty Canada
and William Wright Commercial Real Estate Service - Victoria Branch
Data was last updated December 10, 2023 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 49
- Avg list price:
- $1,800,000
- Min list price:
- $777,888
- Max list price:
- $13,500,000
- Avg days on market:
- 70
- Min days on market:
- 3
- Max days on market:
- 270
- Avg price per sq.ft.:
- $790.76
These statistics are generated based on the current listing's property type
and located in
SE Cordova Bay. Average values are
derived using median calculations.
- MIKAILA RHODES
- ROYAL LEPAGE COAST CAPITAL REALTY- OAK BAY
- 1 (778) 6791028
- Contact by Email
Office Address:
2541 Estevan Avenue
Victoria, BC, V8R 2S6