Gorge, Saanich · MLS® 1053034
433
2,050 sq ft · 6,655 sq ft lot · House · Single Family · built 1954 · 3 days on market
listed by Cheri Crause, Royal LePage Coast Capital - Oak Bay
Offering incredible versatility with a fully legal 2-bedroom, 1.5-bathroom suite alongside a charming 2-bedroom, 1-bathroom main home, this 1954 classic is packed with potential just steps from the scenic Gorge Waterway. The primary residence retains its original mid-century warmth, highlighted by classic coved ceilings, while the overall layout gives you endless flexibility to live in one unit and rent the other, run a short-term rental, integrate the suite back in to keep a cozy bachelor, or seamlessly restore the entire property into a sprawling single-family home. Complete with a massive expansion-ready attic, a generous yard for outdoor living, and dedicated parking for your RV or boat, this is a rare gem in a prime coastal location!
found among the listing photos.
20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing.
Costs: mortgage $4,973 · tax $433 · insurance ~$175 · vacancy 3% · upkeep 5%.
Suite rent is today's market rent for a 2-bedroom in Saanich: CMHC's average there ($2,104) raised by what new tenants pay against everyone in the Victoria area, then down 1.9% with Victoria's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Catchment schools, Greater Victoria School District 61
700 m away · 2766 Admirals Rd, Victoria · 250-384-8157
1.1 km away · 2750 Shoreline Dr, Victoria · 250-386-8367
1.2 km away · 957 Burnside Rd W, Victoria · 250-479-8271
From the Greater Victoria School District 61's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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| year | assessed | est. tax |
|---|---|---|
| 2026 | $1,000,000 | $5,201 |
The listing shows $5,201 a year in property tax.
Estimate: the BC Assessment value times Saanich's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.
Houses in Saanich, registered sales in the last 6 months (BC Assessment) against each home's last asking price on the MLS®. Sale prices register 1 to 3 months after a sale closes.
lot outline: 621 m² (6,684 sq ft) · PID 006-038-883. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.
Walkability 51/100 · Somewhat walkable: some errands on foot
Within a 10 minute walk: 9 parks and playgrounds, 28 transit stops.
mihom score from OpenStreetMap places, by straight line distance.