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:44056)

Property Details

Full Address:
4500 West Saanich Rd, Saanich, British Columbia
Price:
$ 3,950,000
MLS Number:
1049788
List Date:
September 15th, 2026
Building Size:
7648 sq.ft.
Lot Size:
17425 sq.ft.
Taxes:
$ 49,038

Interior Features

Building Features

Building Size:
7648 sq.ft.
Zoning:
Unknown
Garage Spaces:
31
Ownership Type:
Freehold
Taxes:
$ 49,038
Association Name:
Self managed

Floors

Land

Lot Size:
17425 sq.ft.

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

Mortgage Calculator

powered by Ratehub.ca
Kane Ryan Personal Real Estate Corporation Pemberton Holmes Ltd.
250-986-8900
Request Listing Info

Is this your listing?Advertise With Us!

Listing Agent(s)

Lead Agent: Kane Ryan
Office: Pemberton Holmes Ltd.
Originating Board: Victoria Real Estate Board
Co-Listing: Clive Townley
Pemberton Holmes Ltd.

Similar Listings

No similar listings found.
More Royal Oak Listings

ATTENTION REALTORS®

Claim your
Realtor® Profile

Join thousands of homebuyers using RealEstateGuide.com every month. Showcase your listings, contact details, website, and social media with a professional REALTOR® profile. Claim yours today!

Get started in less than 2 minutes.

  • Featured on RealEstateGuide.com
  • Reach buyers and sellers across BC
  • Professional REALTOR® profile
  • Upgrade anytime with print & digital advertising
CHOOSE YOUR PROFILE PACKAGE
Copyright © Real Estate Guide 2026 | Legal | Sitemap
Area Modal Trigger
X