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Saanich Homes and Real Estate for Sale

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2 2590 Penrhyn St
SE Cadboro Bay Saanich V8N 1G3

$1,749,000
Residential beds: 3 baths: 4.0 2,133 sq. ft. built: 2024

Main Photo: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 1: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 2: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 3: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 4: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 5: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 6: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 7: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 8: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 9: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 10: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 11: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 12: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 13: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 14: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 15: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 16: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 17: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 18: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 19: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 20: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 21: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 22: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 23: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 24: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 25: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 26: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 27: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 28: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 29: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 30: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 31: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 32: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 33: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 34: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 35: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 36: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 37: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 38: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 39: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 40: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 41: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 42: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 43: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 44: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 45: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 46: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 47: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 48: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 49: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 50: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 51: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 52: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Photo 53: 2 2590 Penrhyn St in Saanich: SE Cadboro Bay Townhouse for sale (Saanich East)  : MLS®# 1037941
Status:
Active
Prop. Type:
Residential
MLS® Num:
1037941
Bedrooms:
3
Bathrooms:
4
Year Built:
2024
Only a few homes left | Steps from the sand & surf in friendly Cadboro Bay Village is The Osprey. 14 modern townhomes designed for living life to the fullest in one of the most scenic and walkable neighbourhoods in Greater Victoria. Each distinct floor plan offers an expansive living room, dining room and kitchen on the main level & two large top-floor bedrooms with views of the ocean or surrounding village. Primary bedroom boasts a large 5 pce ensuite, walk-in closet and balcony. An additional ground floor flex room provides endless opportunities for guest space plus private bathroom. Designed for comfort with engineered flooring throughout, large windows with automatic blinds & custom millwork w/ designer hardware. Luxurious kitchen with European appliance package & quartz waterfall countertop. Energy efficient heat pump & gas on demand hot water. #2 features an elevator, double garage & private yard space. Built by award winning GT Mann Contracting, MOVE-IN NOW
Property Type:
Residential
Type:
Townhouse
Year built:
2024 (Age: 2)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
2,133 sq. ft.
Listing General Location:
SE Cadboro Bay, Saanich East
Bedrooms:
3
Bathrooms:
4.0 (Full:-/Half:-)
Lot Size:
2,133 sq. ft.
Kitchens:
1
Taxes:
Building Name:
The Promenade
Construction:
Cement Fibre, Frame Metal, Frame Wood, Stone, See Remarks
New Construction:
Yes
Basement:
None
Foundation:
Concrete Perimeter
Roof:
Fibreglass Shingle, See Remarks
Levels:
3
Number of Storeys:
3
Number of Buildings:
2
Ceiling Heights:
Floor finish:
Hardwood, Tile
Total Building Area:
2,237 sq. ft.
Total Unfinished Area:
104 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
3
# Main Level Bedrooms:
0
# Second Level Bedrooms:
2
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
1
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# Second Level Bathrooms:
2
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
1
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
468 sq. ft.
Living Area Main Floor:
840 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
825 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Fireplaces:
1
Fireplace Details:
Living Room
Laundry Features:
In Unit
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
Air Conditioning
Heating:
Heat Pump
Fireplace:
Yes
Warranty:
Yes
Pending Date:
Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Washer
Closet Organizer, Elevator, Soaker Tub
Blinds
Balcony/Patio, Fencing: Partial, Garden, Sprinkler System
Deck/Patio, Garage
Ground Level
0
Aquariums, Birds, Cats OK, Dogs OK
2 dogs or 2 cats or 2 cats and 1 dog or 2 dogs and 1 cat, no size restrictions - Amended June 2025
Yes
Gas outlet on balcony
Unknown
Unrestricted
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
2nd Floor
2nd Floor
Lower Level
Lower Level
Floor
Ensuite
Pieces
Other
Main Floor
2nd Floor
2nd Floor
Lower Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Association Fee Year:
2026
Jurisdiction name:
District of Saanich (SD61)
Legal Description:
Units in Building:
Units in Community:
Number of 2 piece baths:
1
Number of 3 piece baths:
1
Number of 4 piece baths:
1
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
1
Other Equipment:
Electric Garage Door Opener
Property Condition:
New Construction
Exposure / Faces:
South
Layout:
Ground Level Entry With Main Up
Attached Garage:
Yes
Carport Spaces:
0
Garage Spaces:
2
Garage:
Yes
Parking Features:
Attached, Driveway, Garage Double, Guest
Total Parking Spaces:
2
Common Parking Spaces:
0
LCP Parking Spaces:
0
Lot Parking Spaces:
2
Total Units:
Date Listed:
May 22, 2026
Original Price:
1749000.0
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    Elevator
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Listed by RE/MAX Camosun
Data was last updated May 24, 2026 at 04:05 PM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$1,633,500
Min list price:
$1,250,000
Max list price:
$3,995,900
Avg days on market:
53
Min days on market:
2
Max days on market:
126
Avg price per sq.ft.:
$719.31
These statistics are generated based on the current listing's property type and located in SE Cadboro Bay. Average values are derived using median calculations. This data is not produced by the MLS® system.

Find Saanich Homes and Real Estate for Sale in Victoria BC

Saanich, British Columbia, is a beautiful and diverse region located on the southern tip of Vancouver Island. It is one of the most sought-after places to live in Canada, with a strong economy, excellent schools, and a thriving real estate market. In this blog post, we will explore why people should consider buying a home or real estate in Saanich, BC.

  1. Strong Economy

Saanich has a robust economy that is growing at a steady pace. The region is home to a diverse mix of industries, including technology, healthcare, education, and tourism. The University of Victoria is located in Saanich, providing a wealth of opportunities for students, researchers, and entrepreneurs. The tech industry, in particular, is booming in Saanich, with many startups and established companies choosing to set up shop in the region.

This strong economy means that there are plenty of job opportunities in Saanich, which is a crucial factor for people looking to buy a home. A healthy job market can help ensure that homeowners can make their mortgage payments and maintain their properties over the long term.

  1. Excellent Schools

Saanich is home to some of the best schools in Canada, making it an attractive destination for families with children. The region has an extensive public school system, as well as several private schools and specialized programs for students with unique learning needs. Additionally, the University of Victoria is located in Saanich, providing a top-tier post-secondary education for students.

Investing in a home in Saanich is an investment in your children's education. High-quality schools can increase property values and provide a stable and supportive environment for families.

  1. Thriving Real Estate Market

Saanich's real estate market is thriving, with steady growth in property values over the past decade. The region's desirable location, strong economy, and excellent schools make it a popular destination for people looking to buy a home. There are many different types of properties available in Saanich, from single-family homes to condos, townhouses, and apartments.

Investing in real estate in Saanich can be a smart financial decision, as property values have historically increased over time. Additionally, owning a home provides stability and security, allowing homeowners to build equity and invest in their future.

  1. Natural Beauty and Outdoor Recreation

Saanich is a nature lover's paradise, with miles of coastline, parks, and trails to explore. The region is home to several regional parks, including Elk/Beaver Lake Regional Park, Mount Douglas Park, and Island View Beach Regional Park. These parks offer a variety of outdoor activities, including hiking, biking, swimming, and fishing.

Living in Saanich allows homeowners to enjoy a healthy and active lifestyle, with easy access to outdoor recreation. Additionally, the natural beauty of the region can increase property values, making it a wise investment for those looking to buy real estate.

  1. Cultural Diversity

Saanich is a culturally diverse region, with a rich history and vibrant community. The region has a large Indigenous population, and the Songhees and Esquimalt Nations have traditional territories in Saanich. Additionally, the region has a thriving arts and culture scene, with many festivals, galleries, and performance spaces.

Buying a home in Saanich allows homeowners to be part of a diverse and inclusive community, where different cultures are celebrated and embraced. This can create a sense of belonging and community that is hard to find in other areas.

Conclusion

There are many reasons why people should consider buying a home or real estate in Saanich, BC. The region's strong economy, excellent schools, thriving real estate market, natural beauty, and cultural diversity make it an attractive destination for people from all walks of life. If you are looking to invest in real estate

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.