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740 Newbury St

$1,550,000

Gorge

Detached7 bd · 3 ba · 2,948 sqftBuilt 1947$526/sqft4 days on market

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About this home

Beautifully renovated 5-bedroom, 2-bathroom home with a fully self-contained 2-bedroom, 1-bathroom garden suite—ideal for extended family or as a mortgage helper. Lovingly updated by the current owners, this impressive home features high-end finishes and premium appliances throughout. Ample parking and abundant storage provide room for vehicles, RVs, and recreational gear. A lift-up panel in the front fence allows easy motorhome access, while an EV charger and powered shed add convenience. The spacious, grapevine-lined backyard is perfect for entertaining, gardening, family fun, or future development, with the picturesque Colquitz River just beyond the neighboring property. Ideally located steps from Cuthbert Holmes Park, within walking distance of Tillicum Centre, and close to schools and transit. The upper level also offers potential to create an additional 2-bedroom, 1-bathroom suite for extra income or flexible multi-generational living. (id:65179)

Property details

From the listing's public record.

Lot size

13,613 square feet

Year built

1947

Taxes

$5,754/yr

Zoning

Residential

Appliances

WasherRefrigeratorRange - ElectricDishwasherDryerMicrowave

Heating

Heat PumpBaseboard heatersForced airOilElectric

Cooling

Window air conditioner

Lot

Level lotPartially clearedRectangular

Price history

7 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

Jul 16, 2026
Listed $1,550,000
Active4 days on marketMLS 1043305
Jul 15, 2024
Listed $1,529,900
Expired75 days on marketMLS 970498
Feb 20, 2024
Listed $1,579,900
Expired103 days on marketMLS 953793
Nov 25, 2023
Listed $1,599,900
Expired74 days on marketMLS 948967
Sep 6, 2022
$1,294,000
Sold88 days on marketMLS 897852
Jun 10, 2016
$589,000
Sold28 days on marketMLS 728797
Apr 27, 2007
$510,000
Sold64 days on marketMLS 420280

How this listing compares

Based on 32 sales in Gorge

Median sold

$1,042,500

Avg days on market

34 days

Avg sale-to-list

98.4%

Avg $/sqft

$472

Price per square foot

This home: $526/sqft·Area average: $472/sqft

Above area average

Current market in Gorge

Active (same type)

Pending

All active listings

Months of supply

4.9

Balanced market — 4.9 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$1,216,000

Homes in Saanich West sell at 159.2% of assessed value on average.

Based on 252 recent sales.

Local price trend

How Gorge has moved over the last decade.

Local price index (normalized) · 119 months

Recent nearby sales

12 sales

256 Cadillac Ave
$1,054,000
4 bd · 2 ba · 2,366 sqft · $445/sqft · 15 days on market
Sold Jul 20, 2026 · 100.5% of list
2872 Inez Dr
$1,195,000
4 bd · 3 ba · 3,240 sqft · $369/sqft · 11 days on market
Sold Jul 17, 2026 · 100.5% of list
3738 Tillicum Rd
$993,000
3 bd · 2 ba · 2,127 sqft · $467/sqft · 42 days on market
Sold Jul 15, 2026 · 99.3% of list
706 Lindsay St
$1,055,000
3 bd · 2 ba · 2,590 sqft · $407/sqft · 19 days on market
Sold Jul 15, 2026 · 97% of list
167 Little Eldon Pl
$1,142,000
5 bd · 3 ba · 2,449 sqft · $466/sqft · 26 days on market
Sold Jul 15, 2026 · 99.3% of list
3815 Wilkinson Rd
$1,320,000
3 bd · 1 ba · 1,985 sqft · $665/sqft · 121 days on market
Sold Jul 13, 2026 · 97.1% of list
1230 Burnside Rd
$2,340,000
5 bd · 5 ba · 3,939 sqft · $594/sqft · 19 days on market
Sold Jul 10, 2026 · 97.5% of list
541 Warren Ave
$1,085,500
5 bd · 2 ba · 2,003 sqft · $542/sqft · 9 days on market
Sold Jul 10, 2026 · 100.6% of list
517 Tait St
$1,275,000
4 bd · 3 ba · 2,720 sqft · $469/sqft · 9 days on market
Sold Jul 9, 2026 · 102.4% of list
875 Gladiola Ave
$984,000
4 bd · 2 ba · 1,848 sqft · $532/sqft · 14 days on market
Sold Jul 8, 2026 · 99.5% of list
3260 Seaton St
$730,000
3 bd · 1 ba · 1,399 sqft · $522/sqft · 68 days on market
Sold Jul 7, 2026 · 97.3% of list
3922 Anton St
$979,900
4 bd · 2 ba · 1,840 sqft · $533/sqft · 13 days on market
Sold Jul 7, 2026 · 100% of list

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Purchase price

Down payment

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Amortization (years)

Newly built / new constructionAdds 5% GST. Eligible for the Newly Built PTT exemption (≤ $1.1M full, partial to $1.15M).First-time home buyerEligible for the First-Time PTT exemption (≤ $835K full, partial to $860K). Only one exemption can apply per purchase.

Estimate

Monthly mortgage

—

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Loan amount

$1,550,000 − $310,000

$1,240,000

Down payment

20.0%

$310,000

Property Transfer Tax

$29,000

Legal / closing (est.)

$1,500

Cash to close

$340,500

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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740 Newbury St

Interested in this home?

About this home

Property details

Price history

How this listing compares

Current market in Gorge

Assessment

Local price trend

Recent nearby sales

What would this home cost?

Want a real rate?

More on this listing

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