$3,950,000
( $516.47Per Sq Foot )
 $21,204 est/mo Sourced by Back At You

4500 West Saanich Rd,Saanich, BC V8Z5L3

Saanich, BC V8Z5L3

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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:13843)

Details

MLS #1049788
Listing TypeFor Sale
StyleRetail
StatusActive
Days On Site43
Listing Provided ByPemberton Holmes Ltd. | Kane Ryan

Features

SQ Feet7,648
ZoningUnknown
Acreage0.40

Interior

Fireplace Yes / NoNo

Parking

Parking Total31

Taxes

Tax Annual Amount49038

Area Information

ProvinceBC
CitySaanich
Postal CodeV8Z5L3
Listing VS Median (in V8Z5L3)
Price:
$3,950,000
low | high
Med:
$3,950,000
50% of Average
sqft:
7,648
low | high
Med:
7,648
50% of Average
$ / sqft:
$516
low | high
Med:
$516
50% of Average
On site:
43
low | high
Med:
43
100% of Average
Sourced by Back At You

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Learn More About This Property

Victoria Jodoin

Victoria Jodoin

Sutton Group - Masters Realty Inc., Brokerage

REALTOR® (613) 328-4708vjodoin@sutton.com
ProvinceBC
CitySaanich
Postal CodeV8Z5L3
Listing VS Median (in V8Z5L3)
Price:
$3,950,000
low | high
Med:
$3,950,000
50% of Average
sqft:
7,648
low | high
Med:
7,648
50% of Average
$ / sqft:
$516
low | high
Med:
$516
50% of Average
On site:
43
low | high
Med:
43
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.962M - $4.937M
sqft: 5,500 - 9,500
Nearby Listings Property ImageNearby Listings Details
4500 West Saanich Rd Property Photo 1
$4,150,000
4500 West Saanich Rd
Saanich, BC V8Z5L3
Listing Updated: September 29, 2026 at 12:19:03 AM PDT

Victoria Jodoin, REALTOR®

101-705 Arlington Park Pl.
Kingston, ON K7M7E4
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Victoria Jodoin  |  
Sutton Group - Masters Realty Inc Brokerage - Kingston - 101-705 Arlington Park Pl., Kingston, ON K7M7E4

The information is being provided by CREA. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 CREA. All Rights Reserved.
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