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.
Address
368 Gorge Rd W
List Price
$1,750,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Character
Transaction Type
Sale
Area
Saanich West
Sub-Area
SW Gorge
Bedrooms
5
Bathrooms
3
Floor Area
2,947 Sq. Ft.
Lot Size
20233 Sq. Ft.
Lot Size (Acres)
0.46 Ac.
Year Built
1955
MLS® Number
1052764
Listing Brokerage
RE/MAX Camosun
Basement Area
Finished, Full, Walk-Out Access, With Windows
Postal Code
V9A 1M8
Tax Amount
$8,191.25
Tax Year
2026
Features
Blinds, Dining Room, Dishwasher, Dryer, Eating Area, Forced Air, Hardwood, Heat Pump, Insulated Windows, Mixed, Oven/Range Electric, Refrigerator, Screens, Storage, Tile, Vinyl, Vinyl Frames, Washer, Wood
Amenities
Balcony/Deck, Central Location, Curb & Gutter, Landscaped, Low Maintenance Yard, Quiet Area, Recreation Nearby, Rectangular Lot, See Remarks, Serviced, Shopping Nearby, Sidewalk, Southern Exposure
