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Dylon Paul

eXp Realty

dylon@dylonpaul.ca +1(250) 650-9019

Listing by Kane Ryan Pemberton Holmes Ltd.

$ 3,950,000

Est. payment -/mo

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Active

4500 West Saanich Rd Saanich, BC V8Z 5L3

7,648 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 7,648 sqft

Price per Sqft $516

MLS Listing ID 1049788

HOA Y/N No

Annual Tax Amount $49,038

Tax Year 2025

Lot Size 0.400 Acres

Acres 0.4

Property Sub-Type Retail

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.

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 false

Total Parking Spaces 31

Garage No

Others

Ownership Freehold

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”

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