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Listing by Kane Ryan Pemberton Holmes Ltd.
$ 4,150,000
Est. payment /mo
New
4500 West Saanich Rd Saanich, BC V8Z 5L3
7,648 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,648 sqft
Price per Sqft $542
MLS Listing ID 1041239
HOA Y/N No
Annual Tax Amount $49,038
Tax Year 2025
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Mixed Use
Property Description
This 17,425 sq. ft. commercial property offers a rare opportunity to secure a strategic site in the rapidly evolving Royal Oak growth corridor. Now offered at a reduced price with increased rental income, the property provides dependable holding income with significant long-term redevelopment potential.The site features dual road access, with over 100 feet of frontage along West Saanich Road and approximately 60 feet along Viewmont Avenue, immediately adjacent to Royal Oak Shopping Mall. The existing fully leased building comprises seven commercial units and over 7,600 sq. ft. of leasable area, supported by a long history of stable tenancy. Zoned C-3, preliminary discussions with the municipality indicate potential density in excess of 3.5 FSR. Nearby city-owned lands have been rezoned for buildings up to 12 storeys, with additional developments progressing through the area. A strong income-producing asset today with meaningful future density upside.
Location
Province BC
County Capital Regional District
Community Sw Royal Oak
Area Saanich West
Interior
Fireplace No
Exterior
Parking Features On Site
Garage Spaces 31.0
View Y/N false
Total Parking Spaces 31
Garage No
Others
Ownership Freehold
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