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Luxury waterfront homes for sale in Victoria North Saanich

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10718 Madrona Dr
NS Deep Cove North Saanich V8L 5M7

$4,495,000
Residential beds: 3 baths: 4.0 3,060 sq. ft. built: 2022

Main Photo: 10718 Madrona Dr in North Saanich: NS Deep Cove Single Family Residence for sale : MLS®# 995550
Photo 1: 10718 Madrona Dr in North Saanich: NS Deep Cove Single Family Residence for sale : MLS®# 995550
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Status:
Active
Prop. Type:
Residential
MLS® Num:
995550
Bedrooms:
3
Bathrooms:
4
Year Built:
2022
Welcome to 10718 Madrona Drive, a breathtaking waterfront home in North Saanich, blending luxurious design with stunning ocean views. This thoughtfully crafted property features custom built-in cabinetry, exquisite mouldings, and Noguchi light fixtures for timeless elegance. The gourmet kitchen boasts a 58” Aga range, custom copper range hood, and Italian marble countertops, perfect for entertaining. The primary suite offers a spa-inspired ensuite with heated floors, while three gas fireplaces provide warmth and ambiance throughout. Additional highlights include a legal 1-bedroom suite, ideal for guests, extended family, or rental income. Outdoor living is enhanced by expansive patios, two olive trees, espalier lemon and guava trees, and a private mooring for boating or paddleboarding. Spend your summers swimming in the warm, tranquil waters or relaxing on your patio, soaking in the serene surroundings as the sunsets, second to none, paint the sky.
Property Type:
Residential
Type:
Single Family Residence
Year built:
2022 (Age: 3)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
3,060 sq. ft.
Listing General Location:
NS Deep Cove, North Saanich
Bedrooms:
3
Bathrooms:
4.0 (Full:-/Half:-)
Lot Size:
6,970 sq. ft.
Kitchens:
2
Taxes:
Construction:
Other
New Construction:
No
Basement:
Finished
Foundation:
Concrete Perimeter
Roof:
Asphalt Torch On
Levels:
2
Ceiling Heights:
Total Building Area:
4,529 sq. ft.
Total Unfinished Area:
1,469 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:
1
# Other Level Kitchens:
0
Living Area Lower Floor:
1,007 sq. ft.
Living Area Main Floor:
1,165 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
888 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Fireplaces:
3
Fireplace Details:
Gas
Laundry Features:
In House
Water supply:
Municipal
Sewer:
Sewer To Lot
Additional Accommodations:
Exists
Cooling:
Air Conditioning
Heating:
Baseboard, Heat Pump
Fireplace:
Yes
Pending Date:
Storage
Balcony/Patio
Ocean Front
Downey to Madrona. Turn left
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
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:
Jurisdiction name:
District of North Saanich
Legal Description:
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
3
Number of 4 piece baths:
0
Number of 5 piece baths:
1
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Owner
Property Condition:
Resale
Exposure / Faces:
East
Layout:
Main Level Entry with Upper Level(s)
Lot Site Features:
Private, Rectangular Lot
Attached Garage:
Yes
Carport Spaces:
0
Garage Spaces:
2
Garage:
Yes
Parking Features:
Attached, Garage Double
Total Parking Spaces:
3
Total Units:
Date Listed:
Apr 17, 2025
Original Price:
4495000.0
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Virtual Tour

Listed by Coldwell Banker Oceanside Real Estate
Data was last updated April 28, 2025 at 06:05 AM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$1,972,500
Min list price:
$649,500
Max list price:
$6,475,000
Avg days on market:
39
Min days on market:
2
Max days on market:
346
Avg price per sq.ft.:
$684.77
These statistics are generated based on the current listing's property type and located in NS Deep Cove. Average values are derived using median calculations.

Why Buy Luxury waterfront homes for sale in Victoria North Saanich?

the top reasons why you should consider investing in a luxury waterfront home for sale in Victoria North Saanich.

  1. Spectacular Scenery

One of the biggest draws of Victoria North Saanich is its breathtaking scenery. The area is surrounded by the Pacific Ocean, with picturesque coastlines, sparkling waters, and stunning sunsets. If you enjoy spending time outdoors and appreciate natural beauty, this location is ideal for you.

  1. Access to Amenities

Despite its natural surroundings, Victoria North Saanich also offers easy access to a wide range of amenities. The area is home to several shopping centers, grocery stores, restaurants, and entertainment options, making it easy to find everything you need right on your doorstep.

  1. Thriving Community

Another benefit of investing in a luxury waterfront home in Victoria North Saanich is the thriving community. The area is home to a diverse range of residents, from families and retirees to young professionals and entrepreneurs. This creates a sense of community and vibrancy that is hard to find in other locations.

  1. Investment Potential

Investing in a luxury waterfront home in Victoria North Saanich can also be a smart financial move. The area's real estate market has been steadily growing over the past few years, with no signs of slowing down anytime soon. As demand for waterfront properties increases, so does their value.

  1. Quality of Life

Owning a luxury waterfront home in Victoria North Saanich can provide a high-quality lifestyle that is hard to beat. Imagine waking up each morning to the sound of the waves lapping against the shore, or watching the sunset from your private balcony. These are just a few of the experiences that a waterfront home in this area can offer.

Additionally, the area offers easy access to a wide range of outdoor activities, from boating and fishing to hiking and biking. This makes it easy to stay active and enjoy a healthy lifestyle.

  1. Privacy and Security

Privacy and security are also important factors to consider when investing in a luxury waterfront home. Many waterfront properties in Victoria North Saanich are situated in gated communities or have private entrances, offering a high level of security and peace of mind.

Additionally, waterfront homes often offer more privacy than other types of properties, as they are situated away from the hustle and bustle of the city. This can be especially beneficial for those who value their privacy and want a quiet retreat from the rest of the world.

  1. Health Benefits

Finally, owning a luxury waterfront home in Victoria North Saanich can offer a range of health benefits. Living near the water has been shown to have a positive impact on mental health, reducing stress and promoting relaxation. Additionally, waterfront properties often offer easy access to outdoor activities such as boating, fishing, and swimming, which can provide a great source of exercise.

Conclusion

In conclusion, investing in a luxury waterfront home for sale in Victoria North Saanich can be a smart financial move that offers a range of benefits. From spectacular scenery and access to amenities to a thriving community, investment potential, quality of life, privacy and security, and health benefits, there are many reasons why you should consider investing in this beautiful area. So why wait? Start exploring the luxury waterfront homes for sale in Victoria North Saanich today and discover the lifestyle you've always dreamed of.

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.