368 Gorge Rd W, Saanich

$1,750,000

MLS® 1052764

5 Beds3 Baths2,947 SqFt

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:44056)

    Property Details
    Full Address:368 Gorge Rd W, Saanich, British Columbia
Price:$ 1,750,000
MLS Number:1052764
List Date:October 21st, 2026
Lot Size:20233 sq.ft.
Year Built:1955
Taxes:$ 8,191

    Interior Features
    Bedrooms:5
Bathrooms:3
Total Rooms:Additional Accommodation
Kitchen
6 x 10 feet
Living room
10 x 15 feet
Lower level
Storage
4 x 11 feet
Main level
Laundry room
6 x 8 feet
Additional Accommodation
Living room
15 x 18 feet
Dining room
9 x 12 feet
Kitchen
8 x 13 feet
Primary Bedroom
11 x 17 feet
Bedroom
8 x 10 feet
Main level
Bedroom
9 x 10 feet
Bedroom
10 x 12 feet
Primary Bedroom
13 x 13 feet
Eating area
7 x 12 feet
Kitchen
9 x 9 feet
Dining room
11 x 14 feet
Living room
19 x 15 feet
Entrance
5 x 10 feet
Appliances:Washer, Refrigerator, Range - Electric, Dishwasher, Dryer
Air Conditioning:Air Conditioned
Heating:Heat Pump, Forced air, Wood
Fireplaces:2

    Building Features
    Architectural Style:Character
Zoning:Residential
Zoning Detail:RS-6
Garage Spaces:4
Ownership Type:Freehold
Taxes:$ 8,191

    Floors
    Finished Area:2947 sq.ft.

    Land
    View:Ocean view
Lot Size:20233 sq.ft.
Lot Features:Central location, Curb & gutter, Southern exposure, Other, Rectangular

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250-380-8824

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Listing Agent(s)

Lead Agent: Paul Askew
Office: RE/MAX Camosun
Originating Board: Victoria Real Estate Board

Co-Listing: Cassandra Askew
RE/MAX Camosun

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