Property Type: Condo / ApartmentOwnership: Strata

509 69 Gorge Rd W

Saanich, BC V9A1L9

$344,900

1 bed2 bath1 parking906 sqftBuilt 1981
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
906 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$611/mo
Annual property tax
$1,820.29

Interior

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

Exterior & Lot

View
City view, Mountain view, Ocean view

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
BathroomMain level4-Piece
BathroomMain level2-Piece
Primary BedroomMain level13' x 15'
KitchenMain level8' x 9'
Dining roomMain level
Living roomMain level
SunroomMain level

Listing Information

MLS®
1046460
Listed
August 11, 2026
Time on market
On the market for 20 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Camosun · Data source: CREA DDF.

Description

Welcome to Cedar Shores, a waterfront community tucked along the scenic Gorge Waterway. This bright and spacious top-floor 1 bedroom, 2 bathroom condo enjoys an expansive outlook toward the Sooke Hills & city, with peaceful treetop inlet views. The updated kitchen features quality appliances, while the enclosed balcony creates a bright, versatile sunroom/den to enjoy the outlook year round. The ensuite soaker tub adds comfort & relaxation, and hot water is included in the strata fee. Resort-style amenities include an indoor swimming pool, sauna, tennis court, social room with kitchen, and secure bike and kayak storage. Step outside for easy access to the Gorge for paddleboarding and kayaking or explore nearby waterfront pathways. Conveniently located close to shopping, transit and everyday amenities, this is a wonderful opportunity to enjoy top-floor living in an established waterfront community. (id:63159)

Values & Trends

This listing

$381/sqft

Building average

$403/sqft

1 active listing(s)

Gorge average

$475/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)

12°C

Humidity 89%

Wind NNW calm 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

6/9 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 SchoolSecondary776 m
Tillicum Community SchoolElementary967 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 SchoolElementary1.7 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 West211 m
  • Hecklers Bar & Grill · 123 Gorge Road East442 m
  • Floyd's Diner449 m
  • Thai Green Elephant · 809 Craigflower Road484 m
  • Villages Pizza · 2929 Tillicum Road719 m

Grocery (1)

  • Fairway Market Gorge Centre · 272 Gorge Road West756 m

Parks (5+)

  • Arm Street Promenade176 m
  • Arm Street Park · 1455 Arm Street193 m
  • Unnamed258 m
  • Burleith Park · 570 Selkirk Avenue291 m
  • Gorge Park · 251 Gorge Road West355 m

Shopping (1)

  • Gorge Shopping Centre755 m

Pharmacies (1)

  • Unnamed · 2947 Tillicum Road747 m

Banks & ATMs (1)

  • CIBC · 2925 Tillicum Road757 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($17,245) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$275,920.00
Periodic payment — Principal & Interest (monthly)$1,780.14
Additional monthly expenses (strata, tax, utilities, etc.)$807.69
Total monthly cost$2,587.83
Interest paid over 5-yr term$79,079.47
Balance at end of term$248,190.93

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$17,245
Stress test qualifying rate8.09%
Payment you must qualify for$2,519.55

Cash Needed at Closing

Minimum down payment$17,245
Estimated BC PTT$4,898
Legal / closing costs (typical estimate)$1,500
Total cash needed$23,643

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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