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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:24212)
Full Address:
5090 Cordova Bay Road, Saanich, British Columbia
Price:
$ 7,500,000
MLS Number:
1028445
List Date:
March 17th, 2026
Neighbourhood:
Cordova Bay
Lot Size:
0.91 ac
Taxes:
$ 34,808
Ownership Type:
Freehold

Property Specifications

Air Conditioning:
None
Heating:
Other

Interior Features

Zoning:
Multi-Family
Garage Spaces:
60

Building Features

Floors

View:
Ocean view
Lot Size:
0.91 ac
Lot Features:
Central location, Partially cleared, Other

Land

Neighbourhood Features

Ratings

Commercial Info

Location

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Agent: Glynis MacLeodBrokerage: Sotheby's International Realty Canada Phone: 250-661-7232

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