**WATERFRONT LOT on Cadboro Bay.** Low-bank, beach-level oceanfront property located in one of Victoria’s most desirable coastal settings. This is a LAND ONLY sale and is priced at lot value; construction costs are excluded. The 10,445 sq.ft. parcel offers unobstructed water views and represents an extensively de-risked low-bank waterfront development opportunity with significant pre-development work completed. Approvals include Saanich Board of Variance approval for an 8.19 m (26.9 ft) height variance, approved archaeological permit (Site DcRt-9), and demolition permit. Structural engineer approval to utilize the existing foundation has also been obtained. Flood study, geotechnical and soil engineering reports, and hazardous materials assessment have been completed. New perimeter drainage installed. Architectural plans and conceptual renderings by Step One Design available for reference. Buyer to verify all details and approvals to their own satisfaction.
Data was last updated June 16, 2026 at 08:05 PM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$1,674,000
Min list price:
$599,000
Max list price:
$7,250,000
Avg days on market:
65
Min days on market:
12
Max days on market:
149
Avg price per sq.ft.:
$737.68
These statistics are generated based on the current listing's property type
and located in
SE Cadboro Bay. Average values are
derived using median calculations. This data is not produced by
the MLS® system.