365 Waterfront

About 365 Waterfront

365 Waterfront is an 84-home, six-storey steel-and-concrete building on the Gorge Waterway, in the Selkirk Waterfront community north of downtown Victoria. Completed in 2009, it was Concert Properties' fourth residential development in the city. MLS® files it under Rock Bay.

It is a large-home building in a market that has spent the last fifteen years building small ones. Homes here run from roughly 840 to nearly 1,900 square feet, and two- and three-bathroom layouts with a separate den are the norm rather than the exception. That single fact drives most of what follows — the pricing, the buyer profile, and how rarely anything comes up for sale.

Architecture & Design

The building is a terraced six-storey lowrise rather than a tower. The massing steps back as it rises, which produces unusually large outdoor space on the upper floors and keeps the building below the treeline along the waterway. Construction is poured concrete foundation with steel-and-concrete structure, clad in brick with metal siding accents.

The setting does the rest. The building backs directly onto the Galloping Goose Regional Trail and fronts Selkirk Park and the Gorge, so exposures are onto green space and water rather than onto other buildings. Homes face every direction — north through southwest — and the view varies accordingly: the Gorge and the Selkirk Trestle to the west and southwest, Selkirk Park and morning sun to the east, city and mountains from the upper floors.

Three kinds of home in one building

This is the thing most descriptions of 365 Waterfront miss. It is really three products under one roof, and which one you are buying matters more than the floor number.

Ground-floor townhome-style homes. These have their own keyed entrance from the street, private gated patios and gardens running to 500 or 600 square feet, and ten-foot ceilings. They live like small houses. Several are registered as patio-home style and have ground-level access.

Mid-floor flats. Nine-foot ceilings, floor-to-ceiling windows, covered decks, and a single-level layout with the primary bedroom on the main. The bulk of the building.

Penthouses. Top-floor homes running to roughly 1,900 square feet, some with rooftop terraces larger than the interiors they sit above and outdoor gas fireplaces.

Suite Features & Finishes

Interiors were specified above the 2009 norm and have aged accordingly. Kitchens feature Electrolux Designer Series stainless appliances, gas cooktops, solid granite counters, horizontal-grain oak cabinetry and custom millwork. Ensuites are fitted with five-piece layouts, soaker tubs, separate showers, dual sinks and quartz counters. Flooring is wide-plank or engineered oak. Most homes have a gas or electric fireplace, in-suite laundry, a walk-in closet and a separate storage locker.

Natural gas is piped to the homes, which is what makes the gas cooktops and gas fireplaces possible — uncommon in Victoria condo stock of this vintage. Gas, hot water and a resident caretaker are covered by the strata fee rather than billed separately.

One item to price in: the building was not built with cooling. Some owners have since installed self-contained units. Treat air conditioning as a per-home question, not a building feature.

Building Amenities

The amenity list is short and practical rather than resort-style, which suits the building's buyer.

• Kayak storage — the Gorge is at the end of the street, and this is the amenity people actually use
• Bicycle storage — secure, with the Goose immediately behind the building
• Resident caretaker
• Secure underground parking — one stall standard, two on some homes; guest stalls provided
• EV charging
• Storage lockers — separate storage included
• Elevators and controlled entry
• Lobby — fireplace, art-hung corridors

Accessibility is better than average for the vintage: several homes are recorded as wheelchair friendly or no-step, and the ground-floor homes have level entry from the street.

Pets, rentals and bylaws

Pets. The permitted-species list is broad — dogs, cats, birds, caged mammals and aquariums are all recorded as allowed. Historically no number or size limits.

Rentals. Permitted, with no short-term rentals. 90-day minimum tenancy.

Barbecues. Permitted, restricted to propane, natural gas or electric.

Age. No age restriction recorded.

Confirm all of the above with the strata before writing. Bylaws change, and the MLS field is not the bylaw.

The Selkirk Waterfront neighbourhood

Selkirk Waterfront is a purpose-planned waterfront community on the Upper Harbour, built out over three decades on former industrial land. It is quieter than downtown and greener than most of Victoria's condo stock without being suburban.

Caffè Fantastico anchors the local coffee trade. Glo Restaurant + Lounge sits on the water a short walk away. Selkirk Park, the public dock, and the rowing and paddling clubs on the Gorge are minutes on foot — rowing and dragon boat crews are on the water most mornings. Mayfair Centre and the Quadra Street commercial strip cover larger errands.

Connectivity & Transportation

The Galloping Goose Regional Trail runs immediately behind the building, which is the single most useful transportation fact about it. The Selkirk Trestle carries the trail across the Gorge to Vic West, and from there it is a flat, traffic-free ride into downtown, west to Esquimalt, or out to Langford and Sooke.

Bike Score is 77 and Walk Score is 87. Transit is the weaker leg at 55 — this is a bike-and-car neighbourhood more than a bus one. Downtown is a fifteen-minute walk or five minutes by car. Victoria International Airport is roughly 30 minutes north, the Swartz Bay ferry terminal about 40.

Who this building suits — and who it doesn't

It suits downsizers who want house-sized square footage without the house, buyers who paddle or cycle and want the Gorge and the Goose at the door, and anyone who wants a gas cooktop in a condo.

It doesn't suit anyone buying on a timeline — there is frequently nothing for sale here — anyone who treats air conditioning as a given, or anyone whose main constraint is the cheapest route into concrete construction. On a per-square-foot basis this is one of the more expensive non-downtown buildings in Victoria, and if that number is the binding constraint we will point you elsewhere.

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