5168 Santa Clara Ave
$1,399,000
Cordova Bay
Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
About this home
Nestled among the trees in sought-after Cordova Bay, this 5-bedroom, 3-bathroom rancher offers a rare blend of comfort, privacy, and future potential on a spectacular 1.23-acre property. Enjoy beautiful views across Elk Lake and surrounding parkland—an ever-changing natural backdrop that can never be built on, preserving the peaceful outlook for years to come. A tree-lined driveway welcomes you into a lush landscape of mature gardens, fruit trees, and exceptional privacy. Designed for effortless single-level living, the home features hardwood floors, a functional open layout, and an updated kitchen that connects seamlessly to indoor and outdoor gathering spaces. Large windows fill the home with natural light while framing tranquil views in every season. Recent improvements include heated floors in the main bathroom, newer appliances, a newly installed main septic field, refreshed landscaping, and hydroseed. The sunny rear patio is perfect for entertaining and enjoying afternoon sun, while the front patio provides a peaceful spot for morning coffee. Adding tremendous flexibility is a beautifully finished detached 1-bedroom cottage/studio, ideal for guests, extended family, a home business, creative pursuits, or potential rental income. A separate detached art studio provides additional space to create, work, or retreat. With ample RV parking, room for gardens and recreation, and generous zoning, this property offers both immediate enjoyment and long-term opportunity. Rarely does a parcel of this size become available in Cordova Bay. Whether you're seeking a private family retreat, multi-generational living, income potential, or the opportunity to create a future legacy estate, the possibilities here are exceptional. Located just minutes from top-rated schools, beaches, trails, golf, shopping, and recreation, this is more than a home—it is a lifestyle property offering the perfect balance of privacy, nature, creativity, and convenience. (id:65179)
Property details
From the listing's public record.
Lot size
1.23 acres
Year built
1947
Taxes
$7,430/yr
Zoning
Residential
View
Appliances
Heating
Lot
Price history
7 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Aug 6, 2026
Listed $1,399,000
Active4 days on marketMLS 1046295Jun 11, 2026
Listed $1,449,000
Ddf_delisted56 days on marketMLS 1040138May 15, 2026
Listed $1,575,000
Ddf_delisted19 days on marketMLS 1037074Jul 21, 2025
Listed $1,649,500
Cancelled112 days on marketMLS 1001828Sep 30, 2015
$629,000
Sold16 days on marketMLS 704248Apr 28, 2015
Listed $659,000
Cancelled155 days on marketMLS 699772Jan 15, 2015
Listed $679,000
Cancelled166 days on marketMLS 689772
How this listing compares
Based on 80 sales in Cordova BayMedian sold
$1,580,000
Avg days on market
50 days
Avg sale-to-list
95.5%
Avg $/sqft
$548
Price per square foot
Above area average
Current market in Cordova Bay
Active (same type)
38
Pending
14
All active listings
75
Months of supply
5.7
Balanced market — 5.7 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$1,437,000
Homes in Saanich East sell at 102.2% of assessed value on average.
Based on 657 recent sales.
Local price trend
How Cordova Bay has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
12 sales5190 Cordova Bay Rd
$935,000
2 bd · 1 ba · 808 sqft · $1,157/sqft · 51 days on market
Sold Jul 31, 2026 · 95.4% of list
5009 Georgia Park Terr
$1,800,000
4 bd · 3 ba · 4,016 sqft · $448/sqft · 71 days on market
Sold Jul 31, 2026 · 90.9% of list
764 Westbury Rd
$1,710,000
6 bd · 4 ba · 4,235 sqft · $404/sqft · 2 days on market
Sold Jul 31, 2026 · 97.2% of list
5148 Santa Clara Ave
$1,490,000
4 bd · 3 ba · 4,277 sqft · $348/sqft · 15 days on market
Sold Jul 30, 2026 · 99.4% of list
4719 Treetop Hts
$1,325,000
5 bd · 3 ba · 3,459 sqft · $383/sqft · 19 days on market
Sold Jul 30, 2026 · 97.5% of list
748 Walema Ave
$2,300,000
5 bd · 3 ba · 3,491 sqft · $659/sqft · 10 days on market
Sold Jul 22, 2026 · 100.1% of list
922 Claremont Ave
$1,460,000
5 bd · 2 ba · 2,830 sqft · $516/sqft · 8 days on market
Sold Jul 22, 2026 · 100.1% of list
4988 Georgia Park Terr
$2,009,999
4 bd · 3 ba · 5,413 sqft · $371/sqft · 11 days on market
Sold Jul 16, 2026 · 100.5% of list
5198 Beckton Rd
$1,386,500
3 bd · 3 ba · 2,630 sqft · $527/sqft · 95 days on market
Sold Jul 16, 2026 · 99.1% of list
4984 Georgia Park Terr
$1,945,000
5 bd · 4 ba · 3,636 sqft · $535/sqft · 40 days on market
Sold Jul 15, 2026 · 97.7% of list
5090 Cordova Bay Rd
$5,750,000
— · — · — · 59 days on market
Sold Jul 15, 2026 · 76.7% of list
5195 Walema Crt
$1,415,000
4 bd · 3 ba · 2,845 sqft · $497/sqft · 19 days on market
Sold Jul 13, 2026 · 95.6% of list
What would this home cost?
Estimate your monthly payment and total cash to close on this property — BC Property Transfer Tax included. Adjust the numbers for your situation.
Toggle to enter as % or $ — the other field updates automatically.
We don't guess a rate — talk to a broker for current Island rates and what you'd actually qualify for.
Estimate
Monthly mortgage
—
Enter a rate to see the payment.
Loan amount
$1,399,000 − $279,800
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$307,280
Down payment + PTT + GST + legal estimate.
Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.
Want a real rate?
Connect with a local mortgage broker for current rates and what you'd actually qualify for.
Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
Listed by Pemberton Holmes Ltd.