5090 Cordova Bay Rd

Single Family Residence For Sale in SE Cordova Bay, Saanich East

  • 8 Baths
  • 10,993 Sq. Ft.
  • Built 1922
Rare opportunity to acquire up to five seaside lots within the Primary Growth Area 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 (available as part of this package or separate MLSA 965344), a prime oceanfront landmark that has been the epicentre of the community for decades. With stunning views of Cordova Bay 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, are across from the restaurant & are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use, allowing up to 4 storeys on two of the lots that lie within the Primary Growth Area, & 2 storeys on the remaining lot. Altogether, these five lots offer an array of future development potential that will help shape the landscape of Cordova Bay.
Address 5090 Cordova Bay Rd
List Price $13,500,000
Property Type Residential
Type of Dwelling Single Family Residence
Area Saanich East
Sub-Area SE Cordova Bay
Bathrooms 8
Floor Area 10,993 Sq. Ft.
Lot Size 56470 Sq. Ft.
Year Built 1922
MLS® Number 942890
Listing Brokerage Sotheby's International Realty Canada | William Wright Commercial Real Estate Service - Victoria Branch
Basement Area Walk-Out Access
Postal Code V8Y 2K5
Tax Amount $128,580
Tax Year 2022
Features Bar, Forced Air, Heat Recovery, Natural Gas
Amenities Central Location, Near Golf Course, Park Setting, Recreation Nearby, Shopping Nearby, Walk on Waterfront

Request More Info or a Showing

Troy Petersen
Personal Real Estate Corporation

Sutton Group West Coast Realty

103 4400 Chatterton Way Victoria British Columbia V8X 5J2

Mobile: (250) 858-1134

Office: (250) 479-3333

Email Directly