403 79 Gorge Rd W
$524,900
Gorge
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About this home
NEW LISTING — WATERFRONT ON THE GORGE WATERWAY. Top-floor, 2-bedroom, 2-bathroom water view condo in the Cedar Shores complex, situated directly on the Gorge Waterway in Saanich West, Victoria, BC. This 1,020 sq ft home offers a generous, functional layout featuring a separate dining area, a bright living room, and a large private balcony positioned to capture water views across the Gorge Waterway. The top-floor location provides added privacy, natural light, and elevated sightlines that make this unit one of the most desirable in the building. Custom-crafted window trim throughout the home, carefully fitted and freshly painted, adding a refined, handcrafted detail that sets this unit apart. The primary bedroom features a full ensuite bathroom, and the second bedroom offers flexibility for guests, a home office, or additional living space. Cedar Shores is a well-established, amenity-rich complex offering an indoor pool, tennis courts, clubhouse, recreation room, elevator access, common laundry, a separate storage locker, and one dedicated parking stall. Set in a quiet, Saanich West location, you're directly on the Gorge Waterway Pathway, one of Greater Victoria's most popular walking and cycling corridors along w/ parks, green space, and a full range of everyday amenities. Waterfront living at accessible value, in a location that continues to attract buyers seeking the Gorge Waterway lifestyle in Victoria, BC. (id:65179)
Property details
From the listing's public record.
Lot size
1,151 square feet
Year built
1980
Taxes
$2,610/yr
Strata / HOA
$577/month
Zoning
Multi-Family
View
Waterfront
Appliances
Heating
Parking
Lot
Community
Price history
2 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jul 7, 2026
Listed $524,900
Active19 days on marketMLS 1042290Mar 30, 2022
$580,000
Sold8 days on marketMLS 894371
How this listing compares
Based on 25 sales in GorgeMedian sold
$407,500
Avg days on market
34 days
Avg sale-to-list
96.8%
Avg $/sqft
$406
Price per square foot
Above area average
Current market in Gorge
Active (same type)
13
Pending
4
All active listings
30
Months of supply
6.2
Buyer's market — 6.2 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$505,900
Homes in Saanich West sell at 100.9% of assessed value on average.
Based on 90 recent sales.
Local price trend
How Gorge has moved over the last decade.
Local price index (normalized) · 112 months
Recent nearby sales
12 sales103-40 Gorge Rd
$484,000
2 bd · 2 ba · 1,114 sqft · $434/sqft · 47 days on market
Sold Jul 22, 2026 · 96.8% of list
303-69 Gorge Rd
$389,900
2 bd · 2 ba · 1,045 sqft · $373/sqft · 9 days on market
Sold Jun 19, 2026 · 100% of list
304-69 Gorge Rd
$405,000
2 bd · 2 ba · 1,250 sqft · $324/sqft · 58 days on market
Sold Jun 12, 2026 · 96.5% of list
203-69 Gorge Rd
$345,000
2 bd · 2 ba · 995 sqft · $347/sqft · 45 days on market
Sold May 25, 2026 · 97.2% of list
202-2940 Harriet Rd
$475,000
2 bd · 1 ba · 845 sqft · $562/sqft · 11 days on market
Sold Apr 30, 2026 · 100% of list
401-190 Gorge Rd
$391,900
2 bd · 1 ba · 1,232 sqft · $318/sqft · 15 days on market
Sold Apr 29, 2026 · 98.5% of list
102-40 Gorge Rd
$520,000
2 bd · 2 ba · 1,195 sqft · $435/sqft · 11 days on market
Sold Apr 15, 2026 · 97.2% of list
502-2940 Harriet Rd
$610,000
2 bd · 2 ba · 1,634 sqft · $373/sqft · 24 days on market
Sold Apr 1, 2026 · 101.7% of list
506-69 Gorge Rd
$380,000
2 bd · 2 ba · 987 sqft · $385/sqft · 78 days on market
Sold Mar 16, 2026 · 89.4% of list
208-69 Gorge Rd
$380,000
2 bd · 2 ba · 1,094 sqft · $347/sqft · 25 days on market
Sold Mar 11, 2026 · 96.2% of list
201-7 Gorge Rd
$392,000
1 bd · 1 ba · 762 sqft · $514/sqft · 58 days on market
Sold Mar 9, 2026 · 95.6% of list
504-69 Gorge Rd
$365,000
2 bd · 2 ba · 1,033 sqft · $353/sqft · 63 days on market
Sold Feb 2, 2026 · 92.4% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$524,900 − $104,980
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$114,978
Down payment + PTT + GST + legal estimate.
Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.
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Interested in this home?
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Listed by Oakwyn Realty Ltd.