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  5. Agate

5177 Agate Lane, Cordova Bay Saanich

Price

$3,498,000

Bedrooms7 Beds

Bathrooms5 Baths

Size4522 sqft

Year Built1976

Property TypeDetached Home

Property Taxes$12,220.13

Description

Spectacular walk-on beachfront oasis in the heart of Cordova Bay, just 20 minutes from downtown Victoria and 15 minutes from the airport. This rare offering includes a beautifully renovated main residence and a detached multi-unit carriage house, combining timeless West Coast charm with modern luxury and strong rental potential. The main home has been completely reimagined with new in-floor heating, custom flooring, a fully open-concept layout, and sophisticated coastal design. A chef’s dream kitchen features custom cabinetry, double dishwashers and fridges, a farmhouse sink, and a La Cornue oven from France. Elegant French doors open to a private upper deck with a hot tub, perfect for relaxing under the stars. The living area is anchored by a Rumford wood-burning fireplace and opens through storm-proof French doors directly to the beach. Each of the three bathrooms has been fully renovated with upscale fixtures and spa-like finishes. Outside, the property is lushly landscaped with wisteria-draped gables, hydrangeas, and rhododendrons. Artificial turf and custom walkways make maintenance a breeze, while direct beach access invites paddleboarding, kayaking, and sunset strolls. The detached carriage house includes two stylish, self-contained and furnished suites—one 2-bedroom with in-suite laundry, and one 1-bedroom—perfect for guests or generating $70,000–$90,000/year in rental income. This exceptional property offers a lifestyle of beauty, flexibility, and understated elegance. Featured in the 2023 Hollywood film Making Waves, it is truly one of Vancouver Island’s most iconic beachfront retreats. (id:39198)

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Listed By

The listing brokerage and/or agent is Sotheby's International Realty Canada

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Property Dimensions


The Property Location

Mortgage Calculator

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Total Monthly Payment

$13,585 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$2,798,400

Total Interest Payments

$1,725,384

Total Payment (Principal + Interest)

$4,523,784


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Cashflow Calculator

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Monthly Cash Flow

$300 / month


Monthly Expenses

-$1,700

Monthly Income

$2,000


Your monthly cash flow is positive

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Meet Alex & Georgia

Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.

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The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.

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The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association. Review our MLS® Data Disclosure if you have any further questions