Residential Property in Saanich East

$1,950,000 - ML# 1047051
3934 Telegraph Bay Rd
Saanich East - SE Cadboro Bay

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

PRIME CADBORO BAY DEVELOPMENT SITE. Set on a level, approximately 21,775 sq. ft. (0.5 Acre) lot, this property combines exceptional development potential with a coastal lifestyle, just a short walk to Cadboro-Gyro Beach, parks, trails and Cadboro Bay Village. The site offers multiple development pathways under the current RS-10 zoning and SSMUH framework, including potential for up to four ground-oriented dwelling units without rezoning. The generous, level site also presents an opportunity to explore subdivision, with a minimum lot size of 8,396 sq. ft. under the RS-10 zoning bylaw. Cadboro Bay is an exceptional setting for high-end missing-middle housing, with limited land supply and strong demand from downsizers seeking lower-maintenance living without sacrificing quality, location or beach access. A rare opportunity to create a premium residential project in one of Greater Victoria's most desirable coastal neighbourhoods. Call today for a site tour or for more information.

Real Estate Type:
Land 
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$8,170.00 (2026) 
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Lot Information

SqFt:
21775 
Acres:
0.50 
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Water:
Municipal 
Waste:
Sewer Connected 
Zoning:
RS-10 
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Lot Features:
Cleared,Family-Oriented Neighbourhood,Level,Rectangular Lot,Serviced,Sidewalk 

Listed with:

Coldwell Banker Oceanside Real Estate
Phone: 778-966-1078 / Fax:

Coldwell Banker Oceanside Real Estate
Phone: 250-709-3753 / Fax:

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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.