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This 2 bedroom, 3 bathroom single family is listed for sale at $2,699,000 in North Saanich, British Columbia. The property offers 2232.00 square feet of living space. Built in 1959. Lot size: 11,326 sq ft (0.26 acres).MLS® #1041351.
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 like you're living aboard a boat, with all the comforts of home. A setting this close to the water couldn't be replicated today, making it exceptionally rare.
Restored from the foundation up with no expense spared, the home retains the charm of a true Pan Abode. In the main living area, an entire wall of glass doors opens fully to the deck, blurring the line between indoors and out. Upstairs, an observatory-style study features a full retractable roof.
The two-bedroom home offers two full baths, a half bath, and a laundry room, with in-floor radiant heat and a heat pump for year-round comfort. Outside, enjoy a hot tub, EV charger, and double-car garage, plus a shared foreshore lease and dock in a protected bay for your boat, kayaks, and paddleboards. City water and sewer complete this rare offering.
Property features include: Dishwasher, Dryer, Hot Tub, Refrigerator, Washer.
Looking for homes for sale in North Saanich? Browse North Saanich real estate listings,residential properties, and Vancouver Island homes on IslandSold.com. Part of the North Saanich area.
Property Type
Single Family
Year Built
1959
Interior Size
2,232 sq ft
Lot Size
11,326 sq ft(0.26 acres)
Bedrooms
2
Bathrooms
3
Waterfront
Yes
Area
North Saanich
Neighborhood
Deep Cove
Listed
Jun 23, 2026
MLS® Number
#1041351
View comprehensive market analysis for Madrona Dr including recent sales, pricing trends, and days on market statistics. Compare this property with other homes on the same street to better understand the local market.
View Madrona Dr Market ReportPerched 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 like you're living aboard a boat, with all the comforts of home. A setting this close to the water couldn't be replicated today, making it exceptionally rare.
Restored from the foundation up with no expense spared, the home retains the charm of a true Pan Abode. In the main living area, an entire wall of glass doors opens fully to the deck, blurring the line between indoors and out. Upstairs, an observatory-style study features a full retractable roof.
The two-bedroom home offers two full baths, a half bath, and a laundry room, with in-floor radiant heat and a heat pump for year-round comfort. Outside, enjoy a hot tub, EV charger, and double-car garage, plus a shared foreshore lease and dock in a protected bay for your boat, kayaks, and paddleboards. City water and sewer complete this rare offering.

Dallas King
Personal Real Estate Corporation
RE/MAX Generation
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Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$14,995
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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