368 Gorge Rd W
$1,750,000
Gorge
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About this home
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. (id:65179)
Property details
From the listing's public record.
Lot size
20,233 square feet
Year built
1955
Taxes
$8,191/yr
Zoning
Residential
View
Appliances
Heating
Cooling
Lot
Style
Price history
2 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Oct 21, 2026
Listed $1,750,000
Active8 days on marketMLS 1052764Apr 15, 2022
$1,675,000
Sold6 days on marketMLS 895529
How this listing compares
Based on 30 sales in GorgeMedian sold
$1,098,500
Avg days on market
36 days
Avg sale-to-list
97.6%
Avg $/sqft
$476
Price per square foot
Above area average
Current market in Gorge
Active (same type)
15
Pending
3
All active listings
29
Months of supply
6
Balanced market — 6 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$1,575,000
Homes in Saanich West sell at 159.3% of assessed value on average.
Based on 247 recent sales.
Local price trend
How Gorge has moved over the last decade.
Local price index (normalized) · 118 months
Recent nearby sales
12 sales2833 Colquitz Ave
$1,100,000
7 bd · 4 ba · 3,501 sqft · $314/sqft · 14 days on market
Sold Oct 23, 2026 · 95.7% of list
362 Ker Ave
$1,285,000
6 bd · 3 ba · 3,707 sqft · $347/sqft · 41 days on market
Sold Oct 22, 2026 · 96% of list
2887 Colquitz Ave
$1,410,000
5 bd · 2 ba · 2,494 sqft · $565/sqft · 8 days on market
Sold Oct 6, 2026 · 97.2% of list
2876 Austin Ave
$1,200,000
3 bd · 2 ba · 1,852 sqft · $648/sqft · 16 days on market
Sold Sep 17, 2026 · 102.1% of list
756 Newbury St
$1,190,000
3 bd · 3 ba · 4,710 sqft · $253/sqft · 44 days on market
Sold Sep 15, 2026 · 91.8% of list
2960 Donald St
$745,500
4 bd · 2 ba · 2,217 sqft · $336/sqft · 69 days on market
Sold Sep 8, 2026 · 93.3% of list
2875 Rockwell Ave
$1,060,000
7 bd · 2 ba · 3,125 sqft · $339/sqft · 30 days on market
Sold Aug 31, 2026 · 98.6% of list
2945 Dysart Rd
$910,888
2 bd · 2 ba · 1,294 sqft · $704/sqft · 10 days on market
Sold Aug 31, 2026 · 101.2% of list
3044 Austin Ave
$950,000
3 bd · 2 ba · 1,728 sqft · $550/sqft · 70 days on market
Sold Aug 21, 2026 · 97.5% of list
547 Davida Ave
$850,000
3 bd · 1 ba · 1,933 sqft · $440/sqft · 48 days on market
Sold Aug 20, 2026 · 95.6% of list
758 Newbury St
$1,150,000
3 bd · 2 ba · 1,895 sqft · $607/sqft · 31 days on market
Sold Aug 13, 2026 · 97.9% of list
444 Walter Ave
$920,000
2 bd · 1 ba · 1,421 sqft · $647/sqft · 16 days on market
Sold Jul 30, 2026 · 96.9% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$1,750,000 − $350,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$384,500
Down payment + PTT + GST + legal estimate.
Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.
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Interested in this home?
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Listed by RE/MAX Camosun