Property Type: Condo / ApartmentOwnership: Strata

202 7 Gorge Rd W

Saanich, BC V9A1L9

$510,000

2 bed2 bath1 parking806 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
905 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$484/mo
Annual property tax
$2,121.52

Interior

Heating
Baseboard heaters, Electric, Natural gas, Other
Cooling / A/C
None
Fireplace
Yes (1)

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
BalconyMain level
BathroomMain level4-Piece
BedroomMain level
EnsuiteMain level3-Piece
Primary BedroomMain level
KitchenMain level
Dining roomMain level
Living roomMain level
EntranceMain level

Listing Information

MLS®
1036082
Listed
May 8, 2026
Time on market
On the market for 115 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Oceanside Real Estate · Data source: CREA DDF.

Description

Welcome to The Parkside — a bright and inviting 2-bed, 2-bath corner unit just steps from the Gorge Waterway. This well designed home offers excellent natural light throughout, with large windows and a comfortable layout featuring separate bedrooms for added privacy. The spacious living room features a cozy gas fireplace and opens to a covered balcony—perfect for BBQs or relaxing outdoors. The unit has been updated throughout with all new appliances, and the bathroom includes radiant in-floor heating. The generous primary bedroom offers a walk-in closet and 3-piece ensuite, while the second bedroom and full 4-piece bathroom provide ideal space for family, guests, or a home office. Additional highlights include in-suite laundry, secure underground parking, bike storage, a large storage locker, and a professionally managed strata. Pets are welcome! Centrally located near the Galloping Goose Trail, the Gorge Waterway, transit, and downtown Victoria, this is a wonderful place to call home. (id:63159)

Values & Trends

This listing

$633/sqft

Building average

No other active listings in this building

Gorge average

$450/sqft

10 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Victoria (University of)

13°C

Humidity 83%

Wind WNW 2 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

117,735

(2021 Census)

+3.1% since 2016

Density: 1,136.5/km²

Dwellings: 50,064

Median household income: $93,000

After-tax: $83,000

Immigrant population: 22.5%

Top countries of origin (% of total population)

  • China3.5% · 4,110
  • United Kingdom3.2% · 3,760
  • India2.3% · 2,650
  • Philippines1.7% · 1,995
  • United States of America1.4% · 1,655
  • Germany0.6% · 730
  • Hong Kong0.6% · 720
  • Viet Nam0.5% · 540

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

33

7/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Esquimalt High SchoolSecondary824 m
Tillicum Community SchoolElementary947 m
Selkirk Montessori School(Independent)Elementary/Middle1.0 km
Victoria West ElementaryElementary1.1 km
SJ Burnside Education CentreSecondary1.2 km
BeausoleilElementary1.5 km
Victor-BrodeurK-121.5 km
Rockheights Middle SchoolElementary1.8 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Restaurants (5+)

  • Marhaba Restaurant · 90 Gorge Road West207 m
  • Hecklers Bar & Grill · 123 Gorge Road East403 m
  • Floyd's Diner414 m
  • Thai Green Elephant · 809 Craigflower Road520 m
  • Villages Pizza · 2929 Tillicum Road730 m

Cafes (1)

  • The Rebel Garage776 m

Grocery (1)

  • Fairway Market Gorge Centre · 272 Gorge Road West769 m

Parks (5+)

  • Arm Street Promenade222 m
  • Arm Street Park · 1455 Arm Street231 m
  • Burleith Park · 570 Selkirk Avenue307 m
  • Unnamed307 m
  • Gorge Park · 251 Gorge Road West382 m

Shopping (1)

  • Gorge Shopping Centre764 m

Pharmacies (1)

  • Unnamed · 2947 Tillicum Road756 m

Banks & ATMs (1)

  • CIBC · 2925 Tillicum Road772 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.1% ($26,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$408,000.00
Periodic payment — Principal & Interest (monthly)$2,632.28
Additional monthly expenses (strata, tax, utilities, etc.)$700.79
Total monthly cost$3,333.07
Interest paid over 5-yr term$116,933.97
Balance at end of term$366,997.32

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$26,000
Stress test qualifying rate8.09%
Payment you must qualify for$3,721.79

Cash Needed at Closing

Minimum down payment$26,000
Estimated BC PTT$8,200
Legal / closing costs (typical estimate)$1,500
Total cash needed$35,700

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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