Victoria Real Estate
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5348 Parker Ave

$2,975,000

Cordova Bay

Detached5 bd · 3 ba · 2,465 sqftBuilt 1968$1,207/sqft3 days on market

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About this home

A rare opportunity on Cordova Bay's most coveted street. Set on one of the widest lots on the golf course side of Parker Avenue, this 14,000+ sqft property backs directly onto Cordova Bay Golf Club, offering sweeping fairway views and a level of privacy rarely found in this prestigious pocket of Victoria. Move-in ready with major upgrades already done, including a new metal roof and new perimeter drains, this split-level home offers 5 bedrooms and 3 full bathrooms across 2,465 sqft, with two fireplaces warming the main living spaces. Zoned RS-18, the property also offers genuine future potential beyond its current form (buyers to verify zoning, permitted uses, and development potential with the District of Saanich). Just minutes from Cordova Bay Beach on one of the neighbourhood's most desirable streets, this is a wide, golf-course-backing lot with turn-key living today and real upside tomorrow...opportunities like this don't last. (id:65179)

Property details

From the listing's public record.

Lot size

14,053 square feet

Year built

1968

Taxes

$7,865/yr

Zoning

Residential

View

Ocean view

Appliances

WasherRefrigeratorDishwasherDryerRange - Induction

Heating

Forced air

Lot

Central locationPark settingGolf course/parkland

Price history

2 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Aug 27, 2026

    Listed $2,975,000

    Active3 days on marketMLS 1047986
  2. Jun 30, 2005

    $640,000

    Sold31 days on marketMLS 355781

How this listing compares

Based on 73 sales in Cordova Bay

Median sold

$1,585,000

Avg days on market

52 days

Avg sale-to-list

95.3%

Avg $/sqft

$544

Price per square foot

This home: $1,207/sqftArea average: $544/sqft

Above area average

Current market in Cordova Bay

Active (same type)

33

Pending

21

All active listings

68

Months of supply

5.4

Balanced market5.4 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$1,524,000

Homes in Saanich East sell at 102.4% of assessed value on average.

Based on 621 recent sales.

Local price trend

How Cordova Bay has moved over the last decade.

80104129Sep 2016Aug 2021Jul 2026

Local price index (normalized) · 119 months

Recent nearby sales

12 sales
  • 5270 Parker Ave

    $1,820,000

    5 bd · 3 ba · 3,988 sqft · $456/sqft · 16 days on market

    Sold Aug 18, 2026 · 96% of list

  • 5208 Del Monte Ave

    $1,700,000

    4 bd · 3 ba · 4,662 sqft · $365/sqft · 64 days on market

    Sold Aug 14, 2026 · 94.5% of list

  • 5190 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

What would this home cost?

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Monthly mortgage

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Loan amount

$2,975,000 − $595,000

$2,380,000

Down payment

20.0%

$595,000

Property Transfer Tax

$67,250

Legal / closing (est.)

$1,500

Cash to close

$663,750

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.

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More on this listing

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