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Saanich Luxury Real Estate For Sale

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5105 & 5109 Cordova Bay Rd
SE Cordova Bay Saanich V8Y 2K1

$5,500,000
Commercial Sale

Main Photo: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 1: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 2: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 3: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 4: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 5: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 6: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 7: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 8: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 9: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
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Photo 12: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
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Photo 18: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 19: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
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Photo 21: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 22: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 23: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 24: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 25: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
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Photo 30: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 31: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
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Photo 34: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
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Photo 52: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
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Photo 56: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 57: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 58: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Photo 59: 5105 & 5109 Cordova Bay Rd in Saanich: SE Cordova Bay Mixed Use for sale (Saanich East)  : MLS®# 970330
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
970330
A rare oceanfront development opportunity is offered at 5109 and 5105 Cordova Bay Rd, front and centre on one of Victoria’s most desirable beaches. Formerly known as The Beach House Restaurant, this landmark & pinnacle of the community is now available for redevelopment or continued existing use. This much coveted restaurant/special event venue, includes 2 side-by-side properties, one residential and one commercial, with uninterrupted marine vistas across the shallow waters of Cordova Bay towards the San Juan Islands. The substantial structure was fully updated in 2012 and has been well maintained. The commanding views from this location could not be recreated and a buyer could benefit from maximum usage under the new Official Community Plan. Located beside McMorran Park near to Mattick’s Farm and the shops and condos at The Haro plus a short drive to Broadmead Shopping Centre. The discerning buyer is offered an incredible opportunity with intrinsic value.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
SE Cordova Bay, Saanich East
Bathrooms:
- (Full:-/Half:-)
Lot Size:
16,732 sq. ft.
Taxes:
Building Features:
Elevator: Freight, High Traffic Area, Kitchen/Staff Room, Parking, Security System, Shopping Nearby, Storage Room, Transit Nearby, Visual Exposure
New Construction:
No
Foundation:
Concrete Perimeter
Ceiling Heights:
Floor finish:
Carpet, Laminate, Wood
Total Building Area:
10,993 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
Air Conditioning
Heating:
Forced Air, Heat Recovery, Natural Gas
Fireplace:
No
Pending Date:
Balcony, Balcony/Patio
Mountain(s), Ocean
Ocean Front
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
District of Saanich (SD63)
Legal Description:
Zoning:
See supplements
Units in Building:
Units in Community:
Property Condition:
Updated/Remodeled
Lot Site Features:
Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Near Golf Course, Park Setting, Recreation Nearby, Shopping Nearby, Sidewalk, Walk on Waterfront
Parking Features:
On Site
Total Parking Spaces:
10
Total Units:
Date Listed:
May 28, 2024
Original Price:
5500000.0
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Listed by Sotheby's International Realty Canada and William Wright Commercial Real Estate Service - Victoria Branch
Data was last updated November 17, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$1,030,000
Min list price:
$65,000
Max list price:
$5,500,000
Avg days on market:
90
Min days on market:
9
Max days on market:
413
These statistics are generated based on the current listing's property type and located in Saanich East. Average values are derived using median calculations.
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.