5041 Prospect Lake Rd
SW Prospect Lake
Saanich
V9E 1J5
$2,975,000
Residential
beds: 5
baths: 4.0
3,233 sq. ft.
built: 1974
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1000107
- Bedrooms:
- 5
- Bathrooms:
- 4
- Year Built:
- 1974
- Photos (75)
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A rare lakefront reinvention; 5041 Prospect Lake is not just rebuilt, it's reborn. Set beside a protected park on the quiet end of Prospect Lake, this fully transformed 3,233 sq.ft. home offers complete privacy, curated design, and direct water access with a new mobile dock. Nearly $1M in upgrades since 2016 include a custom kitchen with quartz counters, vaulted ceilings, sculptural staircase, stone fireplace, and extensive built-ins. The 4-bed, 4-bath layout features a high-end in-law suite with heated tile floors and private entry. Major updates: new roof, windows and doors, ducted heat pump, automatic gas generator, and full electrical and plumbing upgrades. Outdoor living includes cedar and glass decks, remote awnings, lakefront fencing, greenhouse, and lush gardens. Just 20 minutes from downtown Victoria but surrounded by quiet nature, local farms, and wineries - this is a turnkey lakeside retreat with timeless west coast design on one of the region’s most coveted motorized lakes.
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1974 (Age: 51)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 3,233 sq. ft.300 m2
- Listing General Location:
- SW Prospect Lake, Saanich West
- Bedrooms:
- 5
- Bathrooms:
- 4.0 (Full:-/Half:-)
- Lot Size:
- 10,454 sq. ft.971 m2
- Kitchens:
- 2
- Home Style:
- West Coast
- Taxes:
- Signup
- Construction:
- Stone, Stucco, Wood
- New Construction:
- No
- Basement:
- Full, Walk-Out Access, With Windows
- Foundation:
- Concrete Perimeter
- Roof:
- Asphalt Shingle, Metal
- Levels:
- 3
- Other Structures:
- Greenhouse, Storage Shed
- Ceiling Heights:
- Signup
- Floor finish:
- Hardwood, Laminate, Tile
- Total Building Area:
- 3,283 sq. ft.305 m2
- Total Unfinished Area:
- 50 sq. ft.4.65 m2
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 5
- # Main Level Bedrooms:
- 0
- # Second Level Bedrooms:
- 3
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 2
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 2
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 1
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 1
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 1,105 sq. ft.103 m2
- Living Area Main Floor:
- 1,217 sq. ft.113 m2
- Living Area Other Floor:
- 0 sq. ft.0 m2
- Living Area 2nd Floor:
- 911 sq. ft.84.6 m2
- Living Area 3rd Floor:
- 0 sq. ft.0 m2
- Fireplaces:
- 1
- Fireplace Details:
- Living Room, Wood Burning
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Septic System
- Cooling:
- Air Conditioning
- Heating:
- Forced Air, Wood
- Fireplace:
- Yes
- Pending Date:
- Signup
- Built-In Range, Dishwasher, Dryer, F/S/W/D, Microwave, Oven Built-In, Oven/Range Electric, Range Hood, Washer
- Closet Organizer, Dining Room, Eating Area, Vaulted Ceiling(s)
- Aluminum Frames, Skylight(s), Vinyl Frames
- Awning(s), Balcony/Deck, Balcony/Patio, Fencing: Full, Garden, Security System, Water Feature
- Lake
- Lake Front
- Main Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Floor
- Ensuite
- Pieces
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- District of Saanich (SD63)
- Legal Description:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 1
- Number of 3 piece baths:
- 2
- Number of 4 piece baths:
- 0
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 1
- Leased Equipment:
- Propane Tank
- Other Equipment:
- Central Vacuum, Propane Tank
- Property Condition:
- Resale
- Exposure / Faces:
- West
- Layout:
- Main Level Entry with Lower/Upper Lvl(s)
- Lot Site Features:
- Corner Lot, Dock/Moorage, Irrigation Sprinkler(s), Landscaped, Park Setting, Quiet Area, Rectangular Lot, Walk on Waterfront
- Attached Garage:
- No
- Carport Spaces:
- 2
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Carport Double, Detached, Driveway
- Total Parking Spaces:
- 4
- Total Units:
- Signup
- Date Listed:
- May 15, 2025
- Original Price:
- 2975000.0
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Front Yard Garden
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Listed by RE/MAX Camosun
Data was last updated May 16, 2025 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 227
- Avg list price:
- $1,015,000
- Min list price:
- $317,000
- Max list price:
- $9,200,000
- Avg days on market:
- 35
- Min days on market:
- 1
- Max days on market:
- 224
- Avg price per sq.ft.:
- $592.58
These statistics are generated based on the current listing's property type
and located in
Saanich West. Average values are
derived using median calculations.
- BC HOME GROUP
- Exp Realty Inc
- 1-778-401-9545
- Contact by Email
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board.
The information is from sources deemed reliable, but should not be relied upon without independent verification.