Property Type: Condo / ApartmentOwnership: Strata

407 356 Gorge Rd E

Victoria, BC V8T2W2

$413,500

1 bed1 bath1 parking537 sqftBuilt 2008
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
574 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$401/mo
Annual property tax
$2,121.49

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Open

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
EntranceMain level
KitchenMain level
Living roomMain level
Primary BedroomMain level
BathroomMain level4-Piece

Listing Information

MLS®
1027676
Listed
March 5, 2026
Time on market
On the market for 179 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty · Data source: CREA DDF.

Description

Welcome to Unit 407 at 356 Gorge Road East — a bright and efficiently designed top-floor 1-bedroom condo offering 537 sq ft of comfortable living in a central and convenient location. The open-concept layout connects the eat-in kitchen and living room seamlessly, creating a functional space ideal for both everyday living and entertaining. The kitchen features stainless steel appliances, ample cabinetry, generous counter space, and a raised bar that overlooks the living area. Large windows fill the home with natural light and offer open outlooks over the surrounding neighbourhood. The spacious primary bedroom is well proportioned and includes a walk-in closet for excellent storage. The 4-piece bathroom is clean and practical with a full tub and shower combination. In-suite laundry adds everyday convenience. Located just steps from the Gorge Waterway and close to parks, shopping, restaurants, and transit, this well-managed building offers easy access to downtown Victoria and surrounding areas. An excellent opportunity for first-time buyers, investors, or those looking to downsize in a vibrant, central community. Comfortable, functional, and ideally situated — this is one you won’t want to miss. (id:63159)

Values & Trends

This listing

$770/sqft

Building average

No other active listings in this building

Burnside average

$644/sqft

15 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

Mainly Clear

16°C

Mainly Clear

Humidity 73%

Wind S 6 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

91,867

(2021 Census)

+7.1% since 2016

Density: 4,723.2/km²

Dwellings: 53,070

Median household income: $67,500

After-tax: $60,000

Immigrant population: 20%

Top countries of origin (% of total population)

  • United Kingdom3.8% · 3,505
  • United States of America2.1% · 1,945
  • Philippines2% · 1,845
  • China1.2% · 1,110
  • India0.7% · 650
  • Germany0.6% · 590
  • Korea, South0.4% · 400
  • Netherlands0.3% · 315

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

52

8/9 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
Selkirk Montessori School(Independent)Elementary/Middle189 m
SJ Burnside Education CentreSecondary221 m
Victoria West ElementaryElementary1.2 km
Ecole Quadra ElementaryElementary1.4 km
Tillicum Community SchoolElementary1.6 km
Esquimalt High SchoolSecondary1.6 km
Cloverdale Traditional ElementaryElementary1.9 km
VI School of Innovation and Inquiry(Independent)Elementary/Middle2.1 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+)

  • Sol Fine Foods · 2955 Jutland Road375 m
  • Glo Restaurant & Lounge · 2940 Jutland Road422 m
  • Namaste Indian Cuisine530 m
  • Ramen Arashi577 m
  • Floyd's Diner594 m

Cafes (5+)

  • Unnamed238 m
  • Selkirk Cafe · 2960 Jutland Road264 m
  • Heavenly Desserts · 456a Gorge Road East351 m
  • Bows Coffee Roasters · 483 Garbally Road407 m
  • Tim Hortons599 m

Grocery (3)

  • Duaa Supermarket514 m
  • Lifestyle Markets Health Foods · 2950 Douglas Street566 m
  • BC Ale Trail747 m

Parks (5+)

  • Selkirk Green · 350 Waterfront Crescent169 m
  • Manchester Green174 m
  • Viaduct Park218 m
  • Cecelia Cove Park · 335 Waterfront Crescent222 m
  • Cecelia Ravine Dog Park230 m

Shopping (2)

  • Unnamed374 m
  • Mayfair Shopping Centre · 3147 Douglas Street755 m

Gyms (3)

  • Selkirk Waterfront Fitness388 m
  • Park's MBA Tae-Kwon-Do567 m
  • VBC Fitness576 m

Pharmacies (1)

  • Rexall683 m

Banks & ATMs (2)

  • Vancity619 m
  • Island Savings · 3195 Douglas Street718 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($20,675) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$330,800.00
Periodic payment — Principal & Interest (monthly)$2,134.21
Additional monthly expenses (strata, tax, utilities, etc.)$604.74
Total monthly cost$2,738.95
Interest paid over 5-yr term$94,808.23
Balance at end of term$297,555.67

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$20,675
Stress test qualifying rate8.09%
Payment you must qualify for$3,020.69

Cash Needed at Closing

Minimum down payment$20,675
Estimated BC PTT$6,270
Legal / closing costs (typical estimate)$1,500
Total cash needed$28,445

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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