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Listed by Kane Ryan Pemberton Holmes Ltd.
$ 4,400,000
Est. payment /mo
Active
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 $575
MLS Listing ID 1026444
HOA Y/N No
Annual Tax Amount $49,038
Tax Year 2025
Property Sub-Type Mixed Use
Property Description
Redevelopment Opportunity with Holding Income. Positioned in the heart of a growth corridor, this 17,425 sqft. property represents an opportunity to secure a strategic site with stable income. The lot offers dual road access, with over 100 ft of frontage along W. Saanich Rd and approx 60 ft on Viewmont, immediately adjacent to Royal Oak Centre. The 7-unit commercial building is fully leased and has a long history of stable tenancy, providing dependable cash flow while future plans are contemplated.Zoned C-3 with preliminary discussions with the municipality indicate FSR's of 3.5 +.This node is undergoing transformation, with nearby city-owned lands rezoned to permit buildings up to 12 storeys and additional developments in various stages of approval. With prominent frontage, and transit connectivity via Transit Exchange, and immediate access to major retail amenities, this property offers an opportunity to secure income today while positioning for significant long-term 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 No
Total Parking Spaces 31
Garage No
Others
Ownership Freehold
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