250.477.7291

Residential Property in Saanich East

$5,500,000

5105 & 5109 Cordova Bay Rd
MLS® NO: 965344

Description

A rare oceanfront development opportunity is offered at 5109 and 5105 Cordova Bay Rd, front & centre on one of Victoria’s most desirable sandy beaches. Formerly known as The Beach House Restaurant, this landmark and pinnacle of the community is now available for redevelopment or continued existing use. Much coveted as a restaurant/special event venue, it includes two side-by-side properties, one residential and one commercial, with uninterrupted marine vistas across the shallow waters of Cordova Bay towards San Juan Islands. The current substantial structure was fully updated in 2012 and has been well maintained. These commanding views could not be recreated and a buyer could benefit from maximum usage under the new Official Community Plan. The discerning buyer is offered an incredible opportunity with intrinsic value. LOCATION Cordova Bay is an up-market neighbourhood of Greater Victoria, with some of the city's prime oceanfront real estate. This property is located beside McMorran Park near to the services at Mattick’s Farm and the shops and condos at The Haro plus a short drive to Broadmead Shopping Centre. This warm and vibrant community offers excellent schools and access to the famed Lochside Trail. It also boasts the 18-hole Cordova Bay Golf Course and the nine-hole pitch and putt Ridge Course.

General

Property Type:Single Family Detached
Title of Ownership:LOT B SECTION 31 LAKE DISTRICT PLAN 32721; LOT A, SECTION 31, LAKE DISTRICT, PLAN 32721
Layout:Main Level Entry with Lower Level(s)
Taxes:$112,396
Tax Year:2024
Finished Sq. Ft.:10,993
Unfinished Sq. Ft.:1,404
Year Built:1922

Building Details

Foundation: Poured Concrete
Roof: Metal
Heat/Air: Forced Air, Heat Recovery, Natural Gas

Site Influences

Lot SqFt: 16,732
Acres: 0.38
Water: Municipal
Waste: Sewer Connected
Parking: Driveway, On Street, Other
Lot Features: Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Hillside, Near Golf Course, Serviced, Shopping Nearby, Walk on Waterfront, See RemarksOcean

Room Dimensions

Level 1 - 5,192 sqft

Level 2 - 0 sqft

Level 3 - 5,424 sqft

Level 4 - 0 sqft

Other - 377 sqft

Property Details

Beds: 0
Baths: 8
Sq. Feet: 10,993
Year Built: 1922
Property Type: Single Family Detached
Municipality: Saanich East

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Listed with:

Glynis MacLeod - Sotheby's International Realty Canada
Phone: 250-661-7232 Fax: 250-380-3939

Kirsten MacLeod - Sotheby's International Realty Canada
Phone: 250-686-3385

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.