Waterfront Homes for Sale in Victoria

Waterfront retreats that define the good life on Vancouver Island.

What makes Waterfront Properties special?

Not much is necessary to explain that question.  Our little city below the 49th parallel boasts some of the most pristine shoreline and scenery in all of North America.

Location

Access to some of the best sailing waters and vistas in all of Canada near Victoria’s downtown. Depending on which neighbourhood is most appealing to you, you are never too far away from one of Canada’s best cities for entertainment, events, and dining.

Value

Finite supply and nationwide appeal make all waterfront properties in Victoria a tremendous long term value proposition. They are a chance to live with an investment that has grown by between 45-60% since 2010.

Picturesque

Some of the most astonishing vistas of the Pacific Northwest are captured by looking across the Sea. On the Southern Coast, views of the Olympic Mountains, to the East, Mt. Baker, and on the Saanich Inlet, gorgeous sunsets.

$2,789,811

Average Sale Price (Condo 2022)

105

Sales (in 2022)

1081

Sales (Last 5 Years)

280

New listings (in 2022)

Recent History

The COVID-19 Pandemic pulled a lot of demand for waterfront and recreational property forward. We saw that demand for waterfront property reflected in our stats where we have seen the average sale price of a detached home on waterfront rise from $1,489,964 in 2019 to $2,789,811 in 2022. In the last year we have seen some of the highest sales in Greater Victoria history because of spectacular waterfront parcels along the Saanich Inlet and in the Uplands.

SALE VS. NEW LISTING RATIO (IN 2022)– 37.5%
SALE VS. LIST PRICE RATIO (IN 2022)– 0.7% BELOW
SALE VS. ORIGINAL PRICE RATIO (IN 2022) – 1.1% below

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