$7,500,000
FOR SALE

Detached

5090 Cordova Bay Rd
Saanich, BC V8Y 2K5 | Cordova Bay

Rare development opportunity to acquire three seaside lots within the Primary Growth Area (PGA) of Cordova Bay Village, including 5090, 5094, 5098 Cordova Bay Road. Located in one of Victoria's most prestigious neighbourhoods, They are the core of this community. With stunning views of the ocean and direct beach access across the road, this site offers inherent potential to take advantage of the existing blend of commercial and residential zoning, in step with Official Community Plan updates. The three vacant lots are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use for up to four storeys on two lots that lie within the PGA, and two storeys on the remaining lot. This opportunity for future development will help shape the landscape of Cordova Bay. (id:47421)
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Listed By Sotheby's International Realty Canada
Data Provided By Victoria Real Estate Board
MLS® Listing Number 1028445
Last Updated Mar 23, 2026
Property Summary
Property Type Detached

More like this:
Neighbourhood Cordova Bay
Price History

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Detailed Information
Features Central location, Partially cleared, Other
Listing Contract Date 2026-03-17
Municipal ID 005-902-240
Ownership Type Freehold
# of Parking Spaces 60
Plan VIP6219
Property Type Single Family
Transaction Type For sale
Views Ocean view
Zoning Multi-Family
Building
Cooling Type None
Heating Type Other
Type House
Land
Total Size 0.91 acres
Size of Irregular Land 0.91

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