8530 & 8520 West Saanich Rd
$16,500,000
Coles Bay
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About this home
A truly rare waterfront estate comprising two parcels totalling over 7 acres of west-facing oceanfront on the Saanich Peninsula, with approximately 400 feet of waterfront. A long, winding private driveway through towering old-growth trees leads to an extraordinary and exceptionally private coastal setting. Enjoy your own private beach, oversized boathouse with electric rail-launch system, concrete wharf and two foreshore leases. Beautifully landscaped grounds feature extensive custom rock walls, streams and ponds, multiple oceanfront patios, a huge gas fire-pit entertaining area, custom greenhouse and deluxe treehouse. A renovated private cabin ''The Love Shack'' plus two additional dwellings provide flexibility for family and guests. An incredible opportunity to build your dream home and create a legacy family estate to be enjoyed for generations. Spectacular sunsets, remarkable privacy and a waterfront setting that simply cannot be replicated. (id:65179)
Property details
From the listing's public record.
Lot size
5 acres
Year built
1916
Taxes
$28,666/yr
Zoning
Residential
View
Waterfront
Appliances
Heating
Cooling
Lot
Style
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Sep 17, 2026
Listed $16,500,000
Active2 days on marketMLS 1049826Dec 14, 2007
$3,400,000
Sold30 days on marketMLS 449905Dec 28, 2006
$2,750,000
Sold47 days on marketMLS 395950
How this listing compares
Based on 167 sales in North SaanichMedian sold
$1,565,000
Avg days on market
49 days
Avg sale-to-list
96.5%
Avg $/sqft
$525
Price per square foot
Above area average
Current market in North Saanich
Active (same type)
73
Pending
20
All active listings
94
Months of supply
5.2
Balanced market — 5.2 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$5,099,000
Homes in North Saanich sell at 113.2% of assessed value on average.
Based on 165 recent sales.
Local price trend
How Coles Bay has moved over the last decade.
Local price index (normalized) · 116 months
Recent nearby sales
12 sales2069 Wood Violet Lane
$1,080,000
3 bd · 3 ba · 2,140 sqft · $505/sqft · 65 days on market
Sold Aug 25, 2026 · 96% of list
618 Lands End Rd
$2,075,000
3 bd · 2 ba · 3,207 sqft · $647/sqft · 116 days on market
Sold Aug 25, 2026 · 88.3% of list
1160 Wain Rd
$1,750,000
6 bd · 3 ba · 3,915 sqft · $447/sqft · 23 days on market
Sold Aug 24, 2026 · 92.1% of list
627 Downey Rd
$1,470,000
5 bd · 4 ba · 3,977 sqft · $370/sqft · 56 days on market
Sold Aug 21, 2026 · 92.2% of list
1096 Maple Rd
$2,895,000
4 bd · 5 ba · 4,746 sqft · $610/sqft · 60 days on market
Sold Aug 21, 2026 · 97% of list
10646 Madrona Dr
$3,250,000
4 bd · 5 ba · 4,606 sqft · $706/sqft · 10 days on market
Sold Aug 20, 2026 · 100% of list
11474 Sumac Dr
$1,740,000
5 bd · 3 ba · 4,095 sqft · $425/sqft · 115 days on market
Sold Aug 17, 2026 · 97.8% of list
8705 Ebor Terr
$1,427,500
4 bd · 3 ba · 4,093 sqft · $349/sqft · 13 days on market
Sold Aug 14, 2026 · 102.8% of list
10652 Madrona Dr
$2,495,000
4 bd · 3 ba · 3,204 sqft · $779/sqft · 15 days on market
Sold Aug 14, 2026 · 94.2% of list
10950 Chalet Rd
$1,549,000
4 bd · 4 ba · 2,426 sqft · $638/sqft · 105 days on market
Sold Aug 14, 2026 · 100% of list
8615 Sentinel Pl
$1,550,000
4 bd · 4 ba · 4,090 sqft · $379/sqft · 20 days on market
Sold Aug 14, 2026 · 98.4% of list
9228 Jura Rd
$1,625,000
3 bd · 2 ba · 2,135 sqft · $761/sqft · 57 days on market
Sold Aug 14, 2026 · 92.9% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$16,500,000 − $3,300,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$4,044,500
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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Interested in this home?
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Listed by RE/MAX Camosun