Luxury Homes for Sale | Greater Victoria

Search the newest Greater Victoria area Luxury Homes for sale. If you are looking for luxury, look no further than the many luxury homes for sale in Victoria, BC. Victoria has some of the most beautiful and most elegant properties in all of Canada. Indeed, anyone that has visited or lives in Victoria was probably not surprised when The Sussexes initially located in North Saanich. Some of the properties in and around the area are high-end luxury homes.

However, luxury doesn't mean the same to everyone. For some people, that means many thousands of square feet in North Saanich. For others, that might be a penthouse condo in downtown Victoria. If you're looking for luxury housing, here's your helpful guide to help you understand what the Victoria market has to offer and what you might expect from your new home.

Latest Luxury Home Listings in Greater Victoria

Greater Victoria Luxury Homes Statistics May 18, 2024
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528 Properties
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Luxury Homes for Sale in Victoria, BC - An Overview

As noted in the introduction, there are a significant number of luxury homes for sale in Victoria, BC, at any given point in time. The Victoria area is a solid investment and thus a popular destination for more affluent families. 

In the Victoria area, there are typically three types of luxury housing. The first type consists of luxury condos. These generally are penthouses in downtown Victoria or high-end condos along the waterfront. They typically feature spectacular views and also have costly maintenance fees. Young professionals and executives usually find these places perfect because they offer many amenities and a luxurious lifestyle.

The second type is higher-end housing in a very desirable neighbourhood. These are the gorgeous homes where you're paying a little more for the land than the structure itself. Heritage homes are often like this because they are in some of the oldest, most sought-after communities in the Victoria area. 

Finally, the last type of home is the "ultra" luxury home that you can find sprinkled throughout the Greater Victoria Area. These homes typically have tens of thousands of square feet and land in acres, not in feet. These are homes with large amounts of privacy and incredible architecture!

Other Considerations with Luxury Homes for Sale in Victoria, BC

If you want a luxury home in Victoria, please consider these three other things:

Location: Are you searching for something secluded, or are you looking for a home with many conveniences? Are you looking for an older luxury home or new construction? The good news for those living in Victoria is that all of these exist. What you choose, though, will determine where in the Greater Victoria Area you live.

Luxury Condos Frequently Have Luxury Maintenance Fees: If you're looking at luxury condos in Victoria, you should know that many of them have higher-than-average maintenance fees because they tend to have more amenities.

The Median List Price: Please be aware that the median list price for luxury homes for sale in Victoria, BC, is usually above $2 million. Luxury homes here are less expensive than in Vancouver but more costly than many other parts of the country. If you're looking at financing, please make sure you talk with your real estate agent first to understand the process of buying one of these bigger homes.

Popular Areas for Luxury Homes in the Greater Victoria Area

If the prospect of luxury island living sounds appealing to you, you should know that there's almost always a sizable inventory of luxury real estate on the market. Most of the time, it's not uncommon to have 100+ homes in the Greater Victoria Area from which you can choose.

There are luxury residences all around Victoria. However, five places have the highest concentration and are where most people wind up buying.

South Victoria (Oak Bay, Fairfield, James Bay)

The "South Victoria" region consisting of Oak Bay, Fairfield, and James Bay typically has quite a few luxury residences on the market. The homes in this area tend to be medium-sized in terms of square footage. You'll see plenty of 2,000-3,000 square foot homes in this region. However, most will have very modern touches. You'll see beautiful patios, gorgeous fireplaces, fine wood, and lovely landscaping. Homes inside frequently have custom cabinets, marble backsplash, and quartz countertops. In other words, while these properties might not be mansions, they are most definitely luxurious.


Downtown Victoria offers quite a bit in the way of luxury living. While you won't find luxury homes for sale in Victoria, BC, you will find plenty of luxury condos. And some of these condos are truly magnificent! You can typically find penthouses with views of the water and mountains in this area. Additionally, many of the building amenities will include pools, saunas, hot tubs, exercise rooms, car washes, and more. Indeed, living in one of these condos often feels like living in an upscale resort!

Cadboro Bay

Located next to the University of Victoria, Cadboro Bay is another popular hotspot for luxury homes. This neighbourhood is frequently one of the most sought-after in the region, thanks to its proximity to UVic and a quiet, residential lifestyle. Much like the homes in Victoria's southern end, Cadboro Bay's homes are often average-sized, but they typically have significant upgrades. You'll find large windows, gorgeous kitchens, hardwood floors, and many of the other little things that make a luxury home luxurious!

North Saanich

As noted in the introduction, North Saanich is home to many luxury homes for sale in Victoria, BC. While not technically Victoria, it's short enough of a drive that you can commute into the city with relative ease. If most of your business is outside of Victoria, North Saanich is a place to live close to the airport as well. In North Saanich, you can find almost any type of luxury property, including gorgeous multi-acre properties that go for $10 million or more. If you're looking for a secluded lifestyle, North Saanich offers it! 

Brentwood Bay

Finally, the Brentwood Bay/Central Saanich region offers many luxury homes as well. Much like North Saanich, you can find almost any type of home here. From the multi-acre properties to the more conventional homes, there is truly something for everyone near Brentwood Bay. It is worth noting that your money typically goes a little further here than up north or south. This neighbourhood is an excellent option for those who want to be a little closer to Victoria but still have a peaceful lifestyle!

Shopping and Dining

For anyone who buys one of the luxury homes for sale in Victoria, BC, many world-class shopping and dining experiences await. Here are the top five!

10 Acres Farm and Restaurants: Offering farm-to-table dining, this establishment is unparalleled in Victoria. There are four dining locations, each serving food sourced from their farm. They have fresh, innovative ingredients that are sure to make even the most discerning of palettes happy!

Q at the Empress: This place offers some of the finest indoor and outdoor dining in all of Victoria. The veranda provides stunning views of the inner harbour, and the food is amongst the best in all of Victoria. To give you an idea of how good this place is, it is one of Canada's 50 Best Bars and the only restaurant on Vancouver Island to receive such a rating!

Aura Waterfront Restaurant: This restaurant is another establishment that has the inner harbour as its backdrop. It is a "small plates" restaurant, offering local, farm-direct ingredients. These come on shareable plates, which, Aura says, will "inspire conversation." Indeed, with excellent food, a beautiful atmosphere, and an even more breathtaking backdrop, it's not hard to see why this place is so fantastic!

Mattick's Farm: Despite the name, this is not a restaurant but rather an outdoor shopping mall. Featuring ten boutique shops, a mini-golf place, and a tea room, this shopping centre is one of the more upscale ones in the Victoria, BC area (it's in Cordova Bay).

Oak Bay Village: This collection of stores offers some of the best shopping in Victoria. You can find anything here, including fantastic jewellery, fine arts, unique and trendy clothing, and equally unique books. It's also a place where you can get some of the best chocolates in the Victoria area!

Living in One of the Luxury Homes for Sale in Victoria, BC Is an Amazing Feeling!

Luxury homes in Victoria are are some of the best places to live in all of Canada. Many of these lovely abodes have all the finishing touches and beautiful landscaping you would expect from the best houses! They'll most certainly fit your lifestyle and provide a lovely place to entertain your guests. If it's a life of luxury you seek, Victoria has you covered!

Greater Victoria Area REALTORS®

There are many fantastic luxury homes for sale in Victoria, BC. Many homes will suit even the most discerning buyers, including the properties from North Saanich to downtown Victoria. Most of these properties have some of the best views and amenities you will find anywhere on this island. If you're interested in one of these luxury homes, please contact us! We would love to learn more about you, what type of property you're looking for, and find one that will suit your family and lifestyle!

Additionally, if you're already in the Greater Victoria Area and have a luxury property that you would like to sell, please contact us. We have extensive expertise in selling high-end properties. Our marketing strategies always ensure that these homes go for top dollar and with the least hassle!