The Queen Mary Bay property at 1850 Lands End Rd. in North Saanich is for sale for $18 million. The same money could buy you 4 luxury homes in Saskatoon. (File contributed/ Victoria Luxury Group)

The Queen Mary Bay property at 1850 Lands End Rd. in North Saanich is for sale for $18 million. The same money could buy you 4 luxury homes in Saskatoon. (File contributed/ Victoria Luxury Group)

Cost of Vancouver Island mansion could buy four luxury homes in Saskatoon

The North Saanich property is listed at $18 million, the price of 21 single family homes in Victoria

For the cost of the most expensive home on Vancouver Island, you could buy four larger luxury homes in Saskatoon or 21 single family homes in Victoria.

The most expensive private residence on the Island is the Queen Mary Bay property, located in North Saanich. The $18 million home was built in 1983 and is 3,587 sq. ft. with four bedrooms and three bathrooms. The West Coast-style home features a caretakers cottage and 15 parking spots.

READ ALSO: The most expensive home on Vancouver Island is listed at $18 million

Meanwhile, the most expensive house listed on realtor.ca in Saskatoon is priced at $4.6 million – nearly a quarter the cost of the North Saanich property. The three-bedroom, three-bathroom Saskatoon luxury home is one of the province’s “most elite luxury properties” and overlooks the South Saskatchewan River. It sits on 934 Saskatchewan Crescent and spans 4,684 sq. ft. across two floors and features floor-to-ceiling windows, an elevator and “state of the art down drafting fireplace.”

READ ALSO: Greater Victoria real estate sales up in July 2019 compared to July 2018

And if 3.9 luxury homes in Saskatoon aren’t what you had in mind, the $18 million North Saanich property could also be traded in for 21 single family homes in Victoria’s core. The benchmark value for a house in Victoria was $858,800 in July – 3.4 per cent below what it was a year prior.

Victoria was recently ranked one of the most unaffordable housing markets by the Demographia International Housing Affordability Survey, which covers 309 metropolitan housing markets in eight countries. Victoria came in 13th place amongst the least affordable markets in 2018.

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Keygan Power with brother Quintin and mom Allison while camping the weekend before Keygan’s brain hemorrhage on Aug. 2, 2020. (Photo Allison Power)
Saanich teen ‘locked inside,’ regaining speech after severe brain hemorrhage

16-year-old suffers traumatic loss of function, still plays a mean game of chess

Local cyclist Max McCulloch catches air off a jump in the newly redesigned Organ Donor trail at Mount Work mountain biking park. (Travis Paterson/News Staff)
Mountain bikers lining up for Hartland’s newest trail

Revamped black diamond run ‘what the community needed’

Snow is sticking to the ground on Malahat Drive at Shawnigan Lake Road. (Drive BC)
Snowfall warning issued for Malahat

10 centimetres of snow expected between Goldstream and Mill Bay

The Maritime Museum of British Columbia’s Float the Boat fundraiser campaign is underway. The goal is to raise $25,000 in donations to help with the cost of running virtual programs and onsite operations. (Courtesy Maritime Museum of B.C.)
Maritime Museum of B.C. looks to Float the Boat in Victoria

Fundraiser proceeds will support multitude of virtual programs and onsite operations

A new daycare at Juan de Fuca Recreation Centre is slated to open in September. (Rendering courtesy of West Shore Parks and Recreation)
Juan de Fuca Recreation Centre brings daycare centre to Colwood

New centre to offer 80 spaces come September

Dr. Penny Ballem, a former deputy health minister, discusses her role in leading B.C.’s COVID-19 vaccination program, at the B.C. legislature, Jan. 22, 2021. (B.C. government)
B.C. holds steady with 407 new COVID-19 cases Tuesday

14 deaths, no new outbreaks in the health care system

Shown is Quality Foods at 319 Island Highway in Parksville. The Island-based grocery chain announced on Jan. 25 it made a $2-per-hour pay premium, implemented during the COVID-19 pandemic, permanent. (Mandy Moraes photo)
COVID-19: Quality Foods makes $2-per-hour employee pay premium permanent

Island-based grocery chain had extended increase twice in 2020

A Cessna 170 airplane similar to the one pictured above is reported to be missing off the waters between Victoria and Washington State. Twitter photo/USCG
Canadian, American rescue crews searching for missing aircraft in waters near Victoria

The search is centered around the waters northeast of Port Angeles

The North Cowichan/Duncan RCMP have arrested a prolific offender who is now facing more than 40 charges. (Black Press file photo)
‘Priority offender’ arrested in Cowichan Valley faces more than 40 charges

Tyler Elrix, 37, had a history of evading police; was ordered not to be in Vancouver Island

B.C. Premier John Horgan listens during a postelection news conference in Vancouver on Sunday, Oct. 25, 2020. THE CANADIAN PRESS/Darryl Dyck
30% of B.C. recovery benefit applications held up in manual review

The province says 150 staff have been reassigned to help with manually reviewing applications

Adam Dergazarian, bottom center, pays his respect for Kobe Bryant and his daughter, Gianna, in front of a mural painted by artist Louie Sloe Palsino, Tuesday, Jan. 26, 2021, in Los Angeles. (AP Photo/Jae C. Hong)
Kobe Bryant’s presence remains strong a year after his death

Tuesday marks the grim anniversary of the crash that took their lives

Surrey RCMP are investigating after a pedestrian was struck and killed at 183 Street and Highway 10 Friday night. (File photo)
Modelling of predicted transmission growth from the B117 COVID-19 variant in British Columbia. (Simon Fraser University)
COVID-19 variant predicted to cause ‘unmanageable’ case spike in B.C: report

SFU researchers predict a doubling of COVID-19 cases every two weeks if the variant spreads

The Brucejack mine is 65 km north of Stewart in northwestern B.C. (Pretivm Photo)
B.C. mine executives see bright gleam in post-COVID future

Low carbon drives demand for copper, steelmaking coal

Most Read