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368 W Gorge Rd in Saanich: SW Gorge Single Family Residence for sale (Saanich West) : MLS®# 1052764

368 W Gorge Rd Saanich V9A 1M8 : SW Gorge

Aerial View South over Gorge Waterwaybanner
$1,750,000
Prop. Type:
Residential
MLS® Num:
1052764
Status:
Active
Bedrooms:
5
Bathrooms:
3
Year Built:
1955
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.
Property Type:
Residential
Type:
Single Family Residence
Year built:
1955 (Age: 71)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
Switch units of measure2,947 sq. ft.
Auxiliary Building Living Area:
Switch units of measure0 sq. ft.
Main Building Living Area:
Switch units of measure2,947 sq. ft.
Listing General Location:
SW Gorge, Saanich West
Bedrooms:
5
Bathrooms:
3.0 (Full:-/Half:-)
Lot Size:
Switch units of measure20,233 sq. ft.
Lot Details:
104 x 194
Kitchens:
3
Home Style:
Character
Taxes:
Building Features:
Transit Nearby
Construction:
Frame Wood, Insulation All, Stucco
New Construction:
No
Basement:
Finished, Full, Walk-Out Access, With Windows
Foundation:
Concrete Perimeter
Electricity:
Yes
Roof:
Fibreglass Shingle
Ceiling Heights:
Switch units of measure
Floor finish:
Hardwood, Mixed, Tile, Vinyl
Total Building Area:
Switch units of measure2,947 sq. ft.
Total Unfinished Area:
Switch units of measure0 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
5
# Main Level Bedrooms:
3
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
2
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
2
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
2
# Other Level Kitchens:
0
Living Area Lower Floor:
Switch units of measure1,477 sq. ft.
Living Area Main Floor:
Switch units of measure1,470 sq. ft.
Living Area Other Floor:
Switch units of measure0 sq. ft.
Living Area 2nd Floor:
Switch units of measure0 sq. ft.
Living Area 3rd Floor:
Switch units of measure0 sq. ft.
Fireplaces:
2
Fireplace Details:
Electric, Family Room, Living Room, Wood Burning
Laundry Features:
In House, In Unit
Water supply:
Municipal
Sewer:
Sewer Connected
Additional Accommodations:
Exists
Cooling:
Air Conditioning
Heating:
Forced Air, Heat Pump, Wood
Fireplace:
Yes
Warranty:
No
Pending Date:
Dishwasher, Dryer, Oven/Range Electric, Refrigerator, Washer
Dining Room, Eating Area, Storage
Blinds, Insulated Windows, Screens, Vinyl Frames
Balcony/Deck, Low Maintenance Yard, See Remarks
Ocean
Gorge Rd W just west of Tillicum Road. Between Tillicum and Gorge View Roads on North side of Gorge Rd W.
Main Level
Floor
Type
Dimensions
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Floor
Ensuite
Pieces
Other
Main Floor
Lower Level
Lower Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
District of Saanich (SD61)
Legal Description:
Zoning:
RS-6
Legal Non-Conformance:
No
Bed and Breakfast:
Potential
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
1
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Tenant
Property Condition:
Resale
Utilities:
Cable Connected, Electricity Connected, Garbage, Natural Gas Available, Phone Connected, Recycling
Exposure / Faces:
South
Layout:
Main Level Entry with Lower Level(s)
Lot Site Features:
Central Location, Curb & Gutter, Landscaped, Quiet Area, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk, Southern Exposure
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Driveway
Total Parking Spaces:
4
Road Surface Type:
Paved
Total Units:
Date Listed:
Oct 21, 2026
Original Price:
1750000.0
Listed by RE/MAX Camosun
Data was last updated October 22, 2026 at 06:05 PM (UTC)
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.