Skip to content
Renanza Realty
For sale

368 Gorge Rd W

Saanich, British Columbia

MLS® 1052764

$1,750,000

Status
Active
Property type
House
MLS® number
1052764
Bedrooms
5
Bathrooms
3
Year built
1955

Listing description

DEVELOPMENT/INVESTMENT OPPORTUNITY ON THE GORGE WATERWAY! Situated on an expansive 20,223 sqft (104x194) lot with unobstructed panoramic views of the Gorge Waterway, stroll the Gorge Walkway, launch your kayak from Victoria Canoe & Kayak Club just across the street! Build your dream home, PLA in place to subdivide/SSMUH 8 units (see plans) or 3 unit rental for investors.

This desirable waterfront-adjacent location and proximity to downtown Victoria make this an exciting opportunity to explore all development possibilities. The property currently features a well-maintained 1955 home with multiple living spaces with excellent rental potential. The main level offers 3 bedrms, full bath, sunny living & dining rooms facing south, and a deck all overlooking the Gorge water.

The walk-out lower level includes a legal 2 bedroom suite with newer flooring, its own hot water tank, separate meter, and private patio/deck. Additional bachelor suite too. Pre-Inspection, Oil tank scan, A/C heat pump.

DO NOT disturb tenants or walk on property without approval.

Property summary

MLS® number
1052764
Property type
Single Family
Building type
House
Square footage
2,947 sq ft
Title
Freehold
Land size
20233 square feet
Built in
1955
Annual property taxes
$8,191.25
Parking
4 spaces
Days on market
2 days

Features & details

Heating
Heat Pump, Forced air, Wood
Cooling
Air Conditioned
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer
Lot features
Central location, Curb & gutter, Southern exposure, Other, Rectangular
View
Ocean view
Architectural style
Character

What would this home cost you?

Based on the $1,750,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$8,142 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of RE/MAX Camosun, Victoria.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.