Real Estate Statistics
| Average Price | $2.4M |
|---|---|
| Lowest Price | $879K |
| Highest Price | $6.7M |
| Total Listings | 14 |
| Avg. Days On Market | 30 |
| Avg. Price/SQFT | $833 |
Property Types (active listings)
Cadboro Bay Homes For Sale
- All Listings
- $800,000 - $900,000
- $900,000 - $1,000,000
- Over $1,000,000
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At the foot of Sinclair Road is the Cadboro Bay Beach Public Park with a concrete octopus, whale, tugboat and a replica of the sea monster, Cadborosaurus. The body of water named Cadboro Bay is the home of the Cadborosaurus, nicknamed Caddy, a mythical sea monster that has supposedly been spotted in the calm waters of the bay. Cadboro Bay gets its name from the first Hudson's Bay Company sailing vessel brought to the BC Coast, the Cadboro, which was the first vessel to anchor in the bay.
Why Live in Cadboro Bay Victoria
Cadboro Bay is one of Victoria's most beloved coastal communities — a quiet, upscale neighbourhood in the Municipality of Saanich that wraps around the sheltered waters of Cadboro Bay on the southern tip of the Saanich Peninsula. The neighbourhood is defined by its extraordinary natural setting: Gyro Park and Cadboro-Gyro Beach provide a stunning sand and grass waterfront right in the community, while the surrounding residential streets feature well-maintained heritage and character homes in one of Victoria's greenest and most scenic settings.
Cadboro Bay is adjacent to the University of Victoria and borders the Oak Bay municipality, giving it access to two of Victoria's most prestigious academic and residential environments. The charming Cadboro Bay Village — a small cluster of shops, cafés, and services — provides the community with a genuine village hub that complements the neighbourhood's relaxed, coastal character. For buyers who want ocean proximity, UVic access, and genuine neighbourhood charm, Cadboro Bay is exceptional.
Cadboro Bay Real Estate Market
Cadboro Bay is a premium real estate market driven by its exceptional coastal setting, proximity to UVic, and the scarcity of homes in what is one of Saanich's most desirable pockets. The market is dominated by detached single-family homes — many with established gardens and mature trees — with prices reflecting the neighbourhood's exclusivity and demand. Competition for well-maintained properties is consistent, and buyers typically need to act quickly when the right home appears.
The combination of ocean proximity, UVic adjacency, and the quality of Cadboro Bay's natural environment makes it one of the most compelling long-term real estate positions in the greater Victoria area. Contact Stephen Foster for current Cadboro Bay listings and local expertise.
Types of Homes in Cadboro Bay
Cadboro Bay's real estate market is predominantly detached single-family homes, with some strata and townhome options available for buyers seeking lower-maintenance coastal living.
- Cadboro Bay houses for sale — established detached homes with character, many with gardens and ocean proximity, in one of Saanich's most coveted locations.
- Cadboro Bay strata and townhomes — a small selection of strata properties providing access to the Cadboro Bay lifestyle at a more accessible price point.
Interested in Cadboro Bay real estate? Talk to Stephen Foster for expert guidance on this premier Victoria waterfront neighbourhood.
Explore the Cadboro Bay Area
Cadboro Bay is the heart of a stunning coastal pocket that stretches to the eastern tip of the Saanich Peninsula. Just beyond Cadboro Bay Village lies one of Greater Victoria's most exclusive waterfront enclaves:
- Ten Mile Point — a private, estate-scale community perched on dramatic rocky headlands overlooking Haro Strait. If ultimate ocean views and maximum privacy are your priority, Ten Mile Point is unrivalled in Greater Victoria.
Whether you're drawn to the village lifestyle of Cadboro Bay or the dramatic ocean estate living of Ten Mile Point, Stephen Foster can guide you to the right property. Contact Stephen Foster to explore available listings across this exceptional coastal area.
Frequently Asked Questions About Cadboro Bay
What makes Cadboro Bay a special place to live?
Cadboro Bay is one of Victoria's most charming seaside villages — a quaint, self-contained community on the eastern side of Saanich, nestled between the University of Victoria, the Royal Victoria Yacht Club, and a stunning sheltered bay. The neighbourhood has a quiet, picturesque character with arbutus and Garry Oak-lined streets, a sandy beach, a charming village hub, and one of the most loyal, long-term resident communities in Greater Victoria.
What types of properties are available in Cadboro Bay?
Cadboro Bay offers a mix of residential property types including beautiful single-family homes, many with ocean views or waterfront access on the bay itself, as well as some condominiums and townhomes. The area is predominantly owner-occupied with a starting price around $1M for single-family homes. Waterfront and bay-view properties command significant premiums and are highly sought after.
How close is Cadboro Bay to the University of Victoria?
Cadboro Bay is directly adjacent to the University of Victoria campus — making it one of the most convenient areas for UVic faculty, staff, and graduate students. UVic's Finnerty Gardens, forested trails, sailing club, and athletics centre are accessible to local residents. The university's presence creates consistent demand for both rental and purchase properties in the area.
What are the water and beach activities available in Cadboro Bay?
The bay's sheltered waters attract kayakers, sailors, and paddleboarders. Gyro Beach Park — with its famous concrete sea creature sculptures — is a beloved community gathering place. The Royal Victoria Yacht Club, situated on the Oak Bay side of the bay, offers mooring and membership. Cadboro Bay's calm waters make it one of the best swimming beaches on the Saanich Peninsula.
Is Cadboro Bay walkable?
Cadboro Bay Village is very walkable for daily needs. The compact village hub contains a grocery store, pubs, boutiques, global eateries, a salon, and other services. Residents often describe the ability to live well without leaving Cadboro Bay for weeks at a time. Downtown Victoria is approximately 15 minutes by car, and cycling routes connect to the broader city.
What is the community culture like in Cadboro Bay?
Cadboro Bay has an exceptionally strong community identity. Many residents have lived in the neighbourhood for decades, creating a remarkable sense of familiarity, stewardship, and community spirit. The area blends families, university professionals, retirees, and boating enthusiasts in a harmonious and welcoming way. Local events and the village hub reinforce connections between neighbours.
What is the Cadborosaurus legend?
Cadboro Bay is the alleged home of Cadborosaurus — nicknamed "Caddy" — a legendary sea monster purportedly spotted in the bay's calm waters over many decades. The bay itself takes its name from the Hudson's Bay Company sailing vessel "Cadboro," the first ship to anchor there. Gyro Beach Park's famous sea monster concrete sculpture pays homage to this local legend and is a beloved landmark for children and families.
Cadboro Bay Waterfront Properties
Cadboro Bay is one of Greater Victoria's most sheltered and picturesque waterfront communities. The calm bay, sandy beach, and protected waters make it a favourite for families, sailors, and those seeking a genuine seaside lifestyle. Waterfront and water-view homes here command strong premiums and rarely sit on the market for long.
Search all Victoria waterfront properties for sale — oceanfront estates, water-view homes, and harbourside condos across the Capital Regional District.
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