Cordova Bay Real Estate

Private seaside homes in a family-friendly community in Saanich.

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What makes Cordova Bay special?

Forming part of Victoria’s largest municipality in Saanich, Cordova Bay sits along a ridge rising high above the Haro Strait to the East. With breathtaking views of Mt. Baker between the treetops and a mile-long sandy beach at its base, it’s tough to mistake this hillside community.

All this is still just a 15 minute drive from Downtown Victoria. Young families and retirees flock to this more secluded and private community in Victoria for its peace, tranquility, and access to nature.

Location

Nestled in between Elk Lake and the Pacific, Cordova Bay is a fantastic central location. 15 minutes to the airport, 15 minutes to downtown Victoria.

Community

Many of Cordova Bay’s residents have lived and been a part of the community for decades. This stewardship means friendly neighbours and plenty of familiar faces.

The Village

More recent moves toward more density on Cordova Bay road means the start of a ‘village center’. Matticks Farm is also just up the road, creating a sense of community with plenty of local shops and businesses.

Victoria’s Malibu

Incredible elevated views of the Haro Strait can make the winding roads, hillside homes, and seaside estates feel like they’ve been transplanted from similar coastal neighbourhoods carved in the seaside.

$1,693,400

Benchmark Price (June 2022)

57

Sales(in 2022)

627

Sales (Last 5 years)

100

New listings (in 2022)

Recent History

This neighbourhood is not generally as active as others in Victoria’s core as it is one of the more expensive sections of Saanich. Over the last 3 years the benchmark price of a detached home in Cordova Bay has risen by 57.8%. There were 8 sales above $3,000,000 in 2021 and have been 4 so far in 2022. Cordova Bay offers some of the best waterfront perspectives in Saanich which is dominated by northern exposure from Gordon Head to Queenswood.

SALE PRICE VS. ASSESSED VALUE (IN 2022) - 25.58% ABOVE
SOLD PRICE VS. LIST PRICE - 1% ABOVE
SOLD PRICE VS. ORIGINAL PRICE - 2.9% ABOVE

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