Victoria Real Estate
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118 Gibraltar Bay Dr

$1,465,000

View Royal

Condo3 bd · 3 ba · 2,712 sqftBuilt 2004$540/sqft41 days on market

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About this home

Welcome to this must-see 3-bedroom, 3-bathroom home, ideally positioned at the high point of a serene waterside subdivision and surrounded by a peaceful park-like setting. Offering exceptional craftsmanship, privacy, and inspiring views, this meticulously maintained residence embodies comfortable West Coast living and is an ideal home for a growing family or those seeking a serene lifestyle. Located in a quiet, well-established neighbourhood with long-term pride of ownership throughout, this is a community where neighbours stay for years and a true sense of tranquility remains. Step inside to a bright open-concept layout filled with natural light, gleaming maple floors, and spacious living areas that create a warm and inviting atmosphere for both everyday living and entertaining. The upper backyard terrace provides the perfect setting for additional entertaining, relaxing in the sun, or simply taking in the beautiful surrounding views. Enjoy the tranquility of nature just steps from your door, including a nearby ocean-view lookout — the perfect place to savour your morning coffee, enhanced by the home’s reverse osmosis water filtration system. Outdoor enthusiasts will appreciate direct access to the nearby E&N Rail Trail and Galloping Goose Regional Trail, offering endless opportunities for walking, cycling, and recreation. You’re also just minutes from Thetis Lake Regional Park with scenic hiking trails, swimming, and year-round outdoor adventure, all while remaining conveniently close to the many amenities and attractions of Victoria. A rare opportunity to experience the perfect balance of lifestyle, location, comfort, and natural beauty. (id:65179)

Property details

From the listing's public record.

Lot size

5,942 square feet

Year built

2004

Taxes

$5,216/yr

Strata / HOA

$130/month

Zoning

Residential

View

Mountain viewValley view

Appliances

WasherRefrigeratorRange - GasDishwasherDryer

Heating

Baseboard heatersElectricNatural gas

Lot

Curb & gutterPrivate settingIrregular lot size

Community

Family OrientedPets Allowed

Price history

2 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. May 19, 2026

    Listed $1,465,000

    Active41 days on marketMLS 1036370
  2. Jan 15, 2007

    $635,000

    Sold75 days on marketMLS 410438

How this listing compares

Based on 33 sales in View Royal

Median sold

$505,000

Avg days on market

52 days

Avg sale-to-list

98.9%

Avg $/sqft

$662

Price per square foot

This home: $540/sqftArea average: $662/sqft

Below area average

Current market in View Royal

Active (same type)

25

Pending

6

All active listings

44

Months of supply

9.1

Buyer's market9.1 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$1,346,000

Land

$742,000

Improvements

$604,000

Homes in View Royal sell at 98.7% of assessed value on average.

Based on 64 recent sales.

Local price trend

How View Royal has moved over the last decade.

181265350Jul 2016Aug 2021Apr 2026

Local price index (normalized) · 73 months

Recent nearby sales

12 sales
  • 306-167 Island Hwy

    $559,900

    1 bd · 1 ba · 631 sqft · $887/sqft · 5 days on market

    Sold Apr 30, 2026 · 100% of list

  • 605-258 Helmcken Rd

    $749,000

    2 bd · 2 ba · 935 sqft · $801/sqft · 41 days on market

    Sold Apr 28, 2026 · 99.9% of list

  • 507-167 Island Hwy

    $729,900

    2 bd · 1 ba · 1,091 sqft · $669/sqft

    Sold Apr 15, 2026 · 100% of list

  • 309-280 Island Hwy

    $433,000

    1 bd · 1 ba · 621 sqft · $697/sqft · 135 days on market

    Sold Apr 15, 2026 · 97.5% of list

  • 211-167 Island Hwy

    $449,900

    1 bd · 1 ba · 555 sqft · $811/sqft · 66 days on market

    Sold Apr 15, 2026 · 100% of list

  • 308-258 Helmcken Rd

    $505,000

    2 bd · 1 ba · 712 sqft · $709/sqft · 10 days on market

    Sold Apr 15, 2026 · 98.1% of list

  • 210-167 Island Hwy

    $449,900

    1 bd · 1 ba · 555 sqft · $811/sqft · 66 days on market

    Sold Apr 15, 2026 · 100% of list

  • 113-167 Island Hwy

    $524,900

    1 bd · 1 ba · 742 sqft · $707/sqft · 15 days on market

    Sold Apr 15, 2026 · 100% of list

  • 506-167 Island Hwy

    $639,900

    1 bd · 1 ba · 971 sqft · $659/sqft · 99 days on market

    Sold Apr 15, 2026 · 100% of list

  • 116-167 Island Hwy

    $749,900

    2 bd · 2 ba · 1,113 sqft · $674/sqft · 45 days on market

    Sold Apr 14, 2026 · 100% of list

  • 207-258 Helmcken Rd

    $499,000

    2 bd · 1 ba · 698 sqft · $715/sqft · 18 days on market

    Sold Mar 24, 2026 · 100% of list

  • 304-258 Helmcken Rd

    $474,900

    1 bd · 1 ba · 756 sqft · $628/sqft · 14 days on market

    Sold Mar 23, 2026 · 100% of list

More on this listing

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