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4500 West Saanich Rd, Saanich
2026-09-18
Quick Summary
- Location
- 4500 West Saanich Rd, Saanich, British Columbia V8Z5L3
- Price
- $3,950,000
- Status:
- For Sale
- Property Type:
- Retail
- Garages:
- 31
MLS®#1049788
Property Description
This 17,425 sq. ft. commercial property presents a rare opportunity to acquire a strategic income-producing site in the rapidly evolving Royal Oak growth corridor. Now offered at a reduced price, the property provides dependable holding income alongside significant long-term redevelopment potential. The fully leased building contains 7 commercial units totalling more than 7,600 sq. ft. of leasable area, supported by a long history of stable tenancy. The site benefits from dual road access, with over 100 ft of frontage on W.Saanich Road and approximately 60 ft on Viewmont Avenue, immediately adjacent to Royal Oak Shopping Centre. Currently zoned C-3, preliminary discussions with the municipality suggest the potential for density exceeding 3.5 FSR. Nearby municipally owned lands have been rezoned to permit buildings of up to 12 storeys, with additional development activity progressing throughout the area. A strong income-producing asset today with meaningful future redevelopment upside. (id:32467)
Property Features
Building
- Fireplace: No
- Building Type: Retail
Land
- Land Size: 17425 sqft
Ownership
- Type: Freehold
Information entered by Pemberton Holmes Ltd.
Listing information last updated on: 2026-09-15 15:04:09
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
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.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
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Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950
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Valentino Prundaru REALTOR®, Licensed Real Estate Agent
- Phone:
- (250) 686-2242
- Email:
- prundaru@gmail.com
- Support Area:
- Victoria, Saanich, Oak Bay, Esquimalt, Langford, Colwood, Central Saanich, North Saanich, Sidney, View Royal, Metchosin, Highlands, Sooke, Saanich East, Saanich West, James Bay, Fairfield, Shawnigan Lake, Mill Bay, Cobble Hill, Cowichan Bay, Duncan
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- Email:
- furtado.maria@hotmail.com
- Support Area:
- Victoria, saanicheast, saanichwest, oakbay, fernwood, fairfield, langford, millhill, happyvalley, gordonhead, cedarhill, mttolmie, arbutus, 10milepoint, sooke, sidney, northsaanich, colwood, metchosin, jamesbay, victoriawest, esquimalt, viewroyal, royalbay, bearmountain, rockland
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Full ProfileRay Kong - P.Eng REALTOR®
- Phone:
- (250) 590-7011
- Mobile:
- (250) 858-0099
- Email:
- raykong2020@gmail.com
- Support Area:
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