Development Potential in Cadboro Bay
If you are evaluating what a property in Cadboro Bay may support, start with the SSMUH and Bill 44 guide and the Bill 44 density guide. For a property-specific starting point, use the Development Potential assessment tool Thinking about selling in Cadboro Bay? Get a valuation that includes what your lot could support.. There is also a dedicated guide to development potential in Saanich.
Cadboro Bay
Neighborhood Overview
Cadboro Bay represents one of Greater Victoria's most prestigious and sought-after coastal communities, offering spectacular beaches, waterfront living, and proximity to the University of Victoria. This exclusive neighborhood features a stunning mix of waterfront estates, character homes, and modern developments that attract affluent professionals, UVic faculty, and families seeking the ultimate seaside lifestyle.
Why Buyers Choose Cadboro Bay
Cadboro Bay is the coastal choice within Saanich East for buyers who place beach proximity and neighbourhood prestige at the top of their criteria. Cadboro-Gyro Beach is directly accessible on foot, the sheltered bay is ideal for kayaking and paddleboarding, and the neighbourhood's adjacency to UVic creates a persistent demand base from faculty, senior staff, and research-affiliated professionals who value the short campus commute. Inventory turns over slowly because owners who buy into Cadboro Bay tend to stay. That low turnover is both the clearest quality signal the neighbourhood offers and the primary constraint for buyers trying to time a purchase here.
Typical Homes in Cadboro Bay
The Cadboro Bay housing stock is dominated by detached single-family homes, with a meaningful share of waterfront and ocean-view properties that define the upper end of the market. Character homes from the 1950s and 1960s occupy the entry tier, typically priced from varied pricing illion to varied pricing illion depending on lot size and condition. Updated and renovated properties move from varied pricing illion to varied pricing illion based on view lines and proximity to the water. Waterfront estates with private beach access or direct bay views are rare listings that typically command varied pricing illion to varied pricing illion or above. Strata options are limited in this neighbourhood, which reinforces the owner-occupier character of the area.
Looking for investment opportunities in this area?
Our scoring engine analyzes every active condo listing across Greater Victoria for cap rate, cash flow, and undervaluation. See current investment opportunities →

2625 Arbutus Rd, Saanich BC V8N 1W4
Saanich
0.0 bath · 61 days
Courtesy of CBRE Limited
MLS®
3905B Cadboro Bay Rd, Saanich BC V8N 4G3
Saanich
4 bed · 4.0 bath · 3,896 sf · 43 days
Courtesy of Pemberton Holmes Ltd.
MLS®
3767 Waring Pl, Saanich BC V8P 5E9
Saanich
0.0 bath · 106 days
Courtesy of RE/MAX Camosun
MLS®
3942 Telegraph Bay Rd #A, Saanich BC V8N 4H7
Saanich
4 bed · 5.0 bath · 3,104 sf · 63 days
Courtesy of eXp Realty
MLS®
3942 Telegraph Bay Rd #B, Saanich BC V8N 4H7
Saanich
4 bed · 5.0 bath · 3,104 sf · 63 days
Courtesy of eXp Realty
MLS®
3935 SCOLTON Rd, Saanich BC V8N 4E1
Saanich
5 bed · 4.0 bath · 2,834 sf · 65 days
Courtesy of Newport Realty Ltd.
MLS®Pending Homes in Cadboro Bay
Nearby Neighborhoods
Discover other neighborhoods in Saanich East
Buying in This Area? Get Offer-Ready.
The Prepared Buyer Program gives qualified buyers $6,000 to $10,000 back at completion. Pre-approval in hand, exclusive agreement in place, specific property identified.
Featured Listings

770 Government St, Duncan BC V9L 1B2
Duncan, BC
6 bed · 2.0 bath · 2,072 sf
Single Family Residence
Courtesy of Oakwyn Realty Ltd. (NA)
MLS® Reciprocity
2890 Canyon Park Pl, Langford BC V9B 4Z4
Langford, BC
3 bed · 1.0 bath · 1,064 sf
Single Family Residence
Courtesy of Sutton Group West Coast Realty
MLS® Reciprocity
797 Tyee Rd #401, Victoria BC V9A 7R4
Victoria, BC
2 bed · 1.0 bath · 953 sf
Condo Apartment
Courtesy of Newport Realty Ltd.
MLS® Reciprocity
2921 Mount Wells Dr, Langford BC V9B 4R9
Langford, BC
4 bed · 4.0 bath · 2,589 sf
Single Family Residence
Courtesy of DFH Real Estate Ltd.
MLS® Reciprocity
444 Michigan St #2, Victoria BC V8V 1R5
Victoria, BC
3 bed · 2.0 bath · 1,527 sf
Townhouse
Courtesy of Engel & Volkers Vancouver Island
MLS® Reciprocity
4594 Alwyn St, Port Alberni BC V9Y 5V1
Port Alberni, BC
4 bed · 2.0 bath · 1,830 sf
Single Family Residence
Courtesy of RE/MAX Mid-Island Realty
MLS® Reciprocity