4500 West Saanich Rd, Saanich

2025-10-20
 

Quick Summary

Location
4500 West Saanich Rd, Saanich, British Columbia V8Z5L3
Price
$4,400,000 CAD
Status:
For Sale
Property Type:
Other

MLS®#1017882

Property Description

An excellent opportunity to acquire a fully leased, 7-unit commercial building situated on a 17,425 sq. ft. lot in the heart of Royal Oak. The property offers strong holding income, dual road access with over 100 ft of frontage on West Saanich Rd and approx. 60 ft on Viewmont Ave, and is positioned directly beside the Royal Oak Shopping Centre. This well-maintained building has a long history of stable tenancy and minimal vacancy, benefiting from steady neighbourhood traffic, nearby amenities, and excellent connectivity to the Pat Bay Highway and Royal Oak Transit Exchange. Currently zoned C-3 Commercial (1.2 FSR), preliminary discussions with the District of Saanich indicate future rezoning potential to approximately 3.5 FSR, allowing for over 61,000 sq. ft. of buildable area. With city-owned lands across the street rezoned for up to 12 storeys and several mixed-use developments planned nearby, this property offers secure income today with exceptional long-term redevelopment potential. (id:32467)

Property Features

Building

  • Fireplace: No
  • Building Type: Commercial Mix

Land

  • Land Size: 17425 sqft

Ownership

  • Type: Freehold

Zoning

  • Description: C3

Information entered by Pemberton Holmes Ltd.
Listing information last updated on: 2025-10-21 01:30:29


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$500,000

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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.

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Victoria, Sidney, Sooke, Langford, Colwood, Saanish east, Saanich West, View royal, Metchosin, Saanich Peninsula

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