Cadboro Bay · Saanich · Greater Victoria, BC
3767 Waring Place — a rare build-ready beachfront redevelopment opportunity with permitting, engineering and design largely complete.
Offering is for land value only — price excludes construction costs.
The Opportunity
Set at the south end of Cadboro Bay Beach, this rare low-bank waterfront property offers unobstructed ocean views, direct beach access and a 10,445 sq. ft. lot in one of Greater Victoria’s most sought-after coastal neighbourhoods.
What sets it apart is the extensive professional due diligence already complete. A Saanich Board of Variance approval permits a building height of 8.19 m (26.9 ft.), alongside redevelopment plans designed to maximize ocean views while minimizing site disturbance — bypassing much of the uncertainty, time and expense typical of waterfront development.
The Vision · Step One Design
Architectural plans submitted to Saanich envision a luxury waterfront home with 4 bedrooms and 3.5 baths — 3 full bathrooms plus a 2-piece powder room on the main — that frames the bay from nearly every room. 3,233 sq. ft. across the upper & main levels, plus a 1,313 sq. ft. full-height lower level that can be left to the buyer’s discretion or designed to suit their needs, for up to 4,547 sq. ft. in total.
Build-Ready
Much of the entitlement risk, permitting process and development timeline has already been addressed. A full due-diligence package is available to qualified purchasers.
Saanich BOV approval secured permitting 8.19 m (26.9 ft.) building height.
CompletePermit issued for removal of the existing residence.
CompletePermit granted and active through the provincial Archaeology Branch — Site DcRt-9.
CompleteApproved in support of the building permit application.
CompleteExisting foundation approved for reuse by a structural engineer.
CompleteGeotechnical investigation and soil engineering completed.
CompleteCoastal flood construction level assessment completed.
CompleteRoof truss engineering and construction planning completed.
CompleteHazardous materials assessment of the existing dwelling completed.
CompleteNew perimeter drainage already installed on site.
CompleteStep One Design plans submitted to Saanich for approval.
In progressBuilding permit application in preparation; municipal approval not yet issued.
In progressSignificant entitlement and permitting risk already addressed and largely complete.
Approved reuse of the existing foundation shortens the construction schedule.
A vertical massing strategy limits site disturbance on a permitted archaeological site.
A rare approval to build new on low-bank, beach-level waterfront.
High-end end-product potential where comparable waterfront sites are scarce.
Strong resale potential and lasting legacy-hold appeal in a prized enclave.
The Setting
The full scope of the site — beach, bay and neighbourhood — captured from the air.
Aerial Drone
A cinematic drone flight over the property, beach and Cadboro Bay.
Download video (86.8 MB)Location
A prized seaside enclave in Saanich, minutes from the University of Victoria and a short drive to downtown Victoria.
The Team
Architecture & Design
Authors of the striking contemporary waterfront residence — 3,233 sq. ft. across the upper & main levels plus a 1,313 sq. ft. lower level — designed to capture panoramic ocean views while respecting the unique characteristics of the site.
Preferred Builder · Andrew Tidman
One of Vancouver Island’s premier custom home builders, in business for 75 years. Lead construction consultant throughout planning and approvals, and available as the preferred builder to continue the approved vision.
Due Diligence
Plans, reports, approvals and consultant information. Full package available to qualified purchasers.
Inquire
The complete due-diligence package — plans, reports, approvals and consultant information — is available to qualified purchasers and Realtors.
$3,995,000
Offering is for land value only — price excludes construction costs.
Personal Real Estate Corporation
RE/MAX Camosun – Oak Bay
2239 Oak Bay Ave, Victoria, BC V8R 1G4