No photos available
Investment signal

$4,500,000

2620 Queenswood Dr

Beds

4

Baths

4

Sqft

Year

1938

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

2620 Queenswood Drive sits on a rare waterfront acreage in one of Victoria's most sought-after neighbourhoods, just minutes from Cadboro Bay. Tucked within a park-like setting, the property offers a genuine sense of seclusion while remaining close to everything the area has to offer. The surrounding nature and coastal wildlife are very much part of everyday life here. Views of Mt. Baker, the Gulf Islands, and the Salish Sea can be enjoyed from multiple points across the property. Two homes sit on the grounds — the original 1930s character home and a cottage perched right at the water's edge — offering flexibility for extended family, rental income, or future planning while you envision what comes next. The scale of the lot presents a genuine opportunity to build a dream home and establish a long-term family estate in a location that rarely becomes available. Close to Cadboro Bay Village, UVIC, and Gyro Park, peaceful waterfront living and everyday amenities are equally within reach. (id:65958)

Subtype
Single Family
Structure
House
Community
Queenswood
Common interest
Freehold
Living area
3,310 square feet
Lot size
1.98 acres
Lot dimensions
1.98
Parking
6 total
Fireplace
2
On market
Apr 17, 2026
Status changed
Apr 17, 2026
Annual tax
$37,171.34
Zoning
Residential
Photos
46
MLS#
1032184
Area
SAANICH

Features and systems

Heating

Baseboard heatersElectricPropane

Cooling

None

Lot

AcreageOther

View

Ocean view

Waterfront

Waterfront on ocean
Negative cash flow ~$8,478/mo at these assumptions

Cash on cash

-11.30%

Cap rate

3.63%

GRM

16.7

Break-even rent

$31,424

Financing

Down payment$900,000
Loan amount$3,600,000
Mortgage$22,086/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$2,063
Insurance$80
Maintenance$3,750
CapEx reserve$1,875
Vacancy loss$1,125

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Saanich. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $22,086/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.

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