Farm-Status Multi-Home Acreage

5100 & 5101 Jagtar's Way, Saanich, BC

  • $6,895,000
  • 4+5 BEDS
  • 7+2 BATHS
  • 8,200 sq.ft. Home
  • 5100 & 5101 Jagtar's Way, Saanich, BC
  • 4+5 BEDS
  • 7+2 BATHS
  • 8,200 sq.ft. Home
  • $6,895,000

Key Facts

  • MLS ID: 0000000
  • Property Type: Residential, Farm / Ranch
  • Style: 1 Level Ranch
  • Living Space: 8,200 sq.ft.
  • Lot Size: 12.29 acres
  • Year Built: 2019
  • Bedrooms: 4+5
  • Bathrooms: 7+2
  • Additional Rooms: Den
  • Approximate Age: As New & Under Const
  • Parking Spaces: 12

Property Description

Exceptionally private 12.29 acres with two warrantied homes (one complete, one mid-build) backed by forest and Prospect Lake Park. Quality pasture land is tenanted by a local farmer encouraging enjoyment of a large parcel of land without the associated upkeep.

Farm status not only brings this property below the luxury tax bracket; it exempts it from most of BC’s new property transfer taxes (PTT).

Portions have been dedicated to remain in a natural forested state as noted on the property title. Under BC assessment laws, the value of these lands is exempted from PTT and those areas also qualify for ongoing reductions to residential property taxes.

Enjoy the benefits and quiet of country living with someone else doing the farming while saving tens of thousands in government and property taxes. Farm status also allows for construction of additional buildings; versatility of this nature is rare.

Planted on the southern half of the plot, two custom-built modern ranchers boast premium fit and finish inside and out including engineered radiant heated flooring, quartz counters, gourmet appliances, wood accents, inset lighting, as well as large windows and sliding doors. Multiple west-facing patios enjoy views of the pasture framed by forest.

Each home features a stair-less entry with stylish oversized door and front office. Both layouts consist of four bedrooms and a media room branching outward from the great room; an open-concept space framed by vaulted ceilings, warmed by a gas fireplace, and surrounded by windows. A spacious central island distinguishes each kitchen from the dining and lounging areas with one kitchen enjoying a wet bar with wine storage, and the other outfitted with a fully-equipped food prep room.

Both residences feature a finished attached garage with additional storage room; one a triple carport with a one-bedroom, one-bathroom suite above featuring a balcony and separate entrance, the other forgoes the suite for a fourth carport. A separate double garage is afforded for extra vehicles and equipment.

Less than three kilometres from Prospect Lake Golf Course, the property is hidden from the road, and offers a short commute to Victoria, BC Ferries at Schwartz Bay, or Victoria International Airport.

Tax Savings & Cost Subsidies

• Farm land is exempt from the Property Transfer Tax (PTT) calculation meaning if the land is assessed at $2 million and the purchase price is $4 million PTT is only paid on $2 million.

• Future assessment means the land is assessed at a nominal amount. As such taxes will only be paid on the assessed value of the house. As a result, the house drops below the level of all new luxury and school taxes imposed by the NDP Government.

• Higher transfer taxes are applied over $3 million. This house has the same tax status as houses below $2 million.

• The tenant farmer who cuts the hay needs only attend the property approximately 5 hours once per year. Hay is cut and removed the same day.

1. Portions of the property have been dedicated to remain in a natural forested state and have been so noted on the property title. Under BC assessment laws, the value of these lands is exempted from PTT and those areas also qualify for ongoing reductions to residential property taxes.

2. The property currently qualifies as a farm for BC Assessment and PTT purposes. Property transfer taxes are to be paid only on approximately one acre of land, the remaining 9 acres are exempt from PTT taxation.

Property classified as farm land by BC Assessment that includes a residential improvement, such as a building used as a farmer’s home. You pay the additional tax on the value of the residential improvement plus 0.5 hectares of land.

An estimate of the initial tax savings on purchase is approximately $70,000 and permanent ongoing property tax relief resulting from farm status is approximately $8,000 annually.

*Verify all above claims with your Realtor or legal counsel


  • 2 Fireplaces
  • 3 Car Garage
  • Acreage
  • Backyard
  • Boating
  • Breakfast Bar
  • Butlers Pantry
  • Carriage House
  • Catering Kitchen
  • Country
  • Country Living
  • Cycling
  • Den
  • Eat in Kitchen
  • Ensuite Bathroom
  • Estate Farm
  • Estate Ranch
  • Farm / Ranch
  • Farm / Ranch / Plantation
  • Farm Assessment
  • Farmland
  • Fireplace
  • Fishing
  • Forest
  • Garage
  • Gardens
  • Golf Community
  • Guest House
  • Guest House(s)
  • Heated Floors
  • Hiking
  • Island
  • Lake
  • Laundry
  • Media Room/Theater
  • Metropolitan
  • New Development
  • Ocean / Beach
  • Open Floor Plan
  • Open Porch
  • Outdoor Living
  • Pantry
  • Parking
  • Patio
  • Privacy
  • Professional Grade Appliances
  • Quartz Countertops
  • Radiant Floor
  • Recreation Ranch
  • Scenic
  • Self-contained Suite
  • Sprinkler System
  • Stainless Steel Appliances
  • Storage
  • Suburban
  • Vaulted Ceilings
  • Walk In Closet
  • Walk-in Closet
  • Wet Bar
  • Wine Country

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Area Description

Comprised of seventeen inland neighbourhoods in the western half of the municipality of Saanich, Saanich West is semi-rural with an abundance of natural parks and leisure opportunities. The southern tip of the area borders the Gorge Waterway, while the northern end stretches into the farmland surrounding Elk and Prospect lake.

Saanich boasts more parks within it limits than any other municipality in British Columbia. Elk and Beaver lake are two popular destinations in the community. These large freshwater lakes are ideal for an enjoyable picnic, swim, canoe, or hike through the surrounding trails. The Gorge Waterway to the south affords residents a peaceful place to enjoy the water closer to the inner city.

Saanich is also home to world class golf courses such as Cedar Hill Golf Course and Cordova Bay Golf Course. Open year-round, they are a destination for many Canadian golfers.

Tillicum, Uptown, and Country shopping centres are all located in Saanich West, with Tillicum hosting the Imax-equipped Silvercity movie theatre. Saanich west residents also enjoy easy access to the Victoria International Airport and BC Ferries terminals to the north via the Patricia Bay Highway #17, as well as to Victoria General Hospital to the north-west.


Surrounded by the Pacific Ocean, the Strait of Georgia and the Inside Passage, Vancouver Island is known as “the Hawaii of the North”. With its vast wilderness, picturesque peaks, and temperate climate, this stunning locale is a paradise for those seeking serenity and natural beauty. A breadth of lifestyles are available here from charming coastal communities and pastoral estates, to busy urban centres.

Unlike much of Canada, Vancouver Island's weather is mild year-round. Spring comes early, with cherry blossom, tulip, and daffodil blooms lit by sparkling ocean sunsets. Summer is close behind, with the first sightings of migrating whales and local fishermen. In fall, a plethora of farms, vineyards, orchards, cideries, and breweries take local culinary culture to new heights. Come winter, cars loaded with kayaks, surfboards, paddle boards, skis, and snowboards come out to play, while golfers teeing off, and joggers taking to the trails remain common sights. Whatever the season, there’s plenty to enjoy on Vancouver Island.

From the remote Canadian surf-capital, Tofino in the north, to the tech-friendly historic harbour city of Victoria in the south, Vancouver Island is a mecca of world-class destinations, and facilities:

Known also as "The Garden City" for its perpetual greenery and rarely freezing temperatures, Victoria is the capital of British Columbia, and is a thriving collection of municipalities from it's historical urban centre, to it's various suburban, and rural developments both inland and oceanfront.

Located 15-minutes from Victoria in fast-growing Langford, Bear Mountain Mountain Resort is one of North-America's finest recreational developments, It is home to Canada's only 36 holes of Nicklaus Design golf, its largest indoor/outdoor red clay court tennis centre, and an extensive network of top-tier mountain bike trails. It is the headquarters of Golf Canada's National Development Team, the Canadian National Mountain Bike Team and is supported by Tennis Canada and Tennis BC.

The Victoria International Marina, completed in 2019 offers full-service premium luxury yacht moorage for yachts from 65-feet to 175-feet in the heart of Victoria. With 28-slips, upscale security and safety, amenities, concierge services and crew facilities, this is the ultimate port-of-call from which to cast off and explore North America's most spectacular cruising waters, the Pacific Northwest and Inside Passage,

Centrally situated in the lush Cowichan Valley, Vancouver Island Motorsport Circuit is Canada's only year-round motorsport circuit. This highly technical circuit features 19 corners and 11.5% in elevation changes, and is committed to providing the highest quality professional training, track-side support, and driver's education available.

Only a 45-minute drive from Victoria, the Cowichan Valley often referred to as the "Napa of the North" is home to 14 unique wineries. This cool climate viticulture is paired with a growing list of craft cideries, breweries, and distilleries located throughout the island, but mostly concentrated in the south in and around the agriculturally-rich Saanich Peninsula.

There are more than 200 islands in the Gulf Islands National Park Reserve located between Vancouver Island and mainland British Columbia. Teeming with land and sea life including seals, whales, eagles, otters, and porpoises this area is home to numerous rarely explored precious ecosystems. The larger islands are serviced by BC Ferries while the smaller ones can only be reached by private boat or float plane.

Convenient international access to Vancouver Island includes numerous ferry routes to and from mainland Canada and the USA, the award-winning Victoria International Airport, as well as numerous private flight operators, airfields and heliports scattered island-wide.

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