2 Bed Single Family Detached in North Saanich

$2,699,000 - ML# 1041351
10968 Madrona Dr
North Saanich - NS Deep Cove

This is only a guide. Please verify this information with your mortgage specialist.

Perched at the water’s edge on a private waterfront lot in Deep Cove, this retreat-like property offers a rare connection to the ocean. With the shoreline just steps away, you’ll feel as though you’re living aboard a boat while enjoying all the comfort and luxury of home. A setting this close to the water simply couldn’t be replicated today, making it an exceptionally rare offering. Meticulously restored from the foundation up with no expense spared, the interior retains the charm of a true Pan Abode while the exterior has been completely rebuilt. Accordion doors on both levels open fully to the deck, seamlessly extending your living space outdoors and inviting the surrounding natural beauty inside to complement the home’s warm, earthy finishings. Thoughtfully designed for year-round enjoyment, the home features an observatory-style study with a retractable roof, in-floor radiant heating, and a heat pump for efficient comfort in every season.

Real Estate Type:
Single Family Detached 
Layout:
Main Level Entry with Lower Level(s) 
Bedroom(s):
2 
Bathroom(s):
3 
Finished Sq. Ft.:
2232 
Unfinished Sq. Ft.:
405 
Taxes:
$6,314.98 (2025) 
Year Built:
1959 
Elementary School:
 
Junior School:
 
Senior School:
 

Interior Details

Main Level:
 
Fireplace(s):
2 
Bedroom(s):
2 
Bathroom(s):
3 
Basement Height:
9 ft - 2 in
Basement Description:
Finished,Walk-Out Access,With Windows 
Interior Features:
Dining/Living Combo,Vaulted Ceiling(s) 
Appliances Included:
Dishwasher,Dryer,Hot Tub,Refrigerator,Washer 

Building Details

Building Style:
Balcony,Balcony/Deck,Balcony/Patio,Low Maintenance Yard 
Building Warranty:
 
Accessibility:
Primary Bedroom on Main 
Materials:
Insulation: Ceiling,Insulation: Walls,Shingle-Wood 
Exterior Finish:
 
Foundation:
Poured Concrete 
Roof:
Metal 
Heat/Air:
Heat Pump,Hot Water 
Fuel:
 
Leased Equip:
 
Exterior Features:
 
Faces:
North (front) - (rear) 

Lot Information

SqFt:
11326 
Acres:
0.26 
Frontage:
 
Depth:
 
Lot Shape:
 
Water:
Municipal 
Waste:
Sewer Connected 
Zoning:
 
Parking Spaces:
 
Driveway:
 
Parking Type:
Detached,EV Charger: Dedicated - Installed,Garage Double 
Lot Features:
Dock/Moorage,Foreshore Rights,Irregular Lot,Marina Nearby,Private,Quiet Area,ServicedOcean 

Room Dimensions

Room Name Level 1Level 2Level 3Level 4Level 5Other
Sq. Ft 1158.00142.00932.000.00405.00
Entrance9x4
Living Room19x12
Kitchen17x9
Bathroom2-Piece
Bedroom - Primary17x11
Family Room23x18
Bedroom15x9
Laundry7x5
Sunroom7x9
Unfinished Rooms
Patio23x6
Patio21x31
Deck28x14

Listed with:

Pemberton Holmes Ltd. - Oak Bay
Phone: 250-589-4785 / Fax:

VREB Reciprocity Logo

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.