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.
Data was last updated October 21, 2026 at 10:05 PM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$909,000
Min list price:
$99,000
Max list price:
$1,599,900
Avg days on market:
41
Min days on market:
1
Max days on market:
319
Avg price per sq.ft.:
$505.33
These statistics are generated based on the current listing's property type
and located in
SW Gorge. Average values are
derived using median calculations. This data is not produced by
the MLS® system.