WATERFRONT LOT on Cadboro Bay. Low-bank, beach-level oceanfront property located in this highly desirable coastal setting. This offering is a LAND ONLY sale and is priced at lot value; construction costs are excluded. The 10,445 sq/ft oceanfront parcel offers unobstructed water views and represents an extensively de-risked low-bank waterfront development opportunity with significant pre-development work completed. Approvals and reports include Saanich Board of Variance approval for an 8.19 m (26.9 ft) height variance, structural engineer approval to utilize the existing foundation, and an approved archaeological permit (Site DcRt-9). Flood study, geotechnical and soil engineering reports, and hazardous materials assessment have been completed. New perimeter drainage has been installed. Architectural plans & conceptual renderings by Step One Design are available for reference. Buyer to verify details & approvals to their own satisfaction.
Data was last updated February 12, 2026 at 10:05 AM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$1,757,500
Min list price:
$995,000
Max list price:
$3,995,900
Avg days on market:
19
Min days on market:
1
Max days on market:
174
Avg price per sq.ft.:
$783.63
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.