Central Block at the Gorge Waterway is now complete! Move in when you're ready to this nearly sold out project by award winning Abstract Developments and enjoy your summer by the water. This top level 1 Bed, 1 Bath home features stunning ocean views! With south-east exposure and over height ceilings, the 500 sq ft space is bright and features a spacious balcony with glass railing to further enjoy the views. The chef-inspired kitchen features quartz countertops, matte black hardware & contemporary stainless-steel appliances. Enjoy the many amenity spaces Central Block has to offer; enjoy a drink and sit by the fire with friends on the rooftop terrace, relax in the gardens or take advantage of working from home in our exclusive co-working area. Includes 1 EV ready parking space in the secure underground parkade, and other added conveniences including a bike storage locker & shared kayak storage. Located just steps from the Gorge Waterway and minutes from urban conveniences. Price + GST, (first-time buyers are eligible for a rebate).
Property details
1
Beds
1 full
Baths
500 ft²
Floor area
629 ft²
Lot size
2026
Year built
1
Parking
$286/mo
Strata fee
Location & structure
Single Family
Type
Kinsmen Park
Area
Listed
July 7, 2026
Structure
Apartment
PID
032-774-974
Property highlights
Ocean view
Rooftop deck
Balcony
Underground parking
Storage locker
Bike storage
Features & inclusions
Appliances
Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave, Freezer
Heating
Baseboard heaters, Heat Recovery Ventilation (HRV), Electric
Cooling
None
Lot
Central location, Other
Community
Family Oriented, Pets Allowed
Additional details
Common interest
Condo/Strata
Listed by Newport Realty Ltd.. Last updated Jul 7, 2026, 4:40 PM.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $109,980 down (20%) on $549,900, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 502 listings
Condo / Apartment
286
57.0%
Detached
105
20.9%
Townhouse
63
12.5%
Land
16
3.2%
Duplex
15
3.0%
Other
17
3.4%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Esquimalt · 345 dwellings
Low-rise apartment240 · 69.6%
Single-detached40 · 11.6%
Apartment in duplex35 · 10.1%
Semi-detached20 · 5.8%
Row house10 · 2.9%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59170366· Esquimalt· 0.13 km²
Median rent here
$1,180
Owner shelter cost
$1,580
Renters
33.8%
30%+ on shelter
23.5%
Population (2021)
755
Median age
59.6
Avg household size
1.9
Avg household income
$93,600
Renters
33.8%
Owners
66.2%
Immigrants
12.6%
Post-secondary
61.5%
Avg home value
$695,000
Single status
25.2%
Not in labour force
34.2%
Households with kids
15.9%
Median rent
$1,180
Owner shelter cost
$1,580
30%+ on shelter
23.5%
Breakdown
$20,000 to $24,999
10
3.0%
$25,000 to $29,999
15
4.5%
$30,000 to $34,999
10
3.0%
$35,000 to $39,999
20
6.0%
$40,000 to $44,999
15
4.5%
$45,000 to $49,999
10
3.0%
$50,000 to $59,999
35
10.4%
$60,000 to $69,999
35
10.4%
$70,000 to $79,999
30
9.0%
$80,000 to $89,999
20
6.0%
$90,000 to $99,999
25
7.5%
$100,000 to $124,999
50
14.9%
$125,000 to $149,999
20
6.0%
$150,000 to $199,999
25
7.5%
$200,000 and over
15
4.5%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59170366).
Market story
Rent in Esquimalt
Census 2021 avg $1,180/mo here · Vancouver 1BR rent (est) trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
CMHCBritish Columbia outlook
British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets
British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.
From the CMHC Housing Market Outlook 2026 · Jan 2026
