$4,500,000
2620 Queenswood Dr
Beds
4
Baths
4
Sqft
—
Year
1938
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
- Lot size
- 1.98 acres
- MLS#
- 1032184
- Area
- SAANICH
Cash on cash
-11.30%
Cap rate
3.63%
GRM
16.7
Break-even rent
$31,424
Financing
Operating expenses (monthly)
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.
Mortgage estimate
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.