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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 1017882
HOA Y/N No
Annual Tax Amount $49,038
Tax Year 2025
Lot Size 0.400 Acres
Property Sub-Type Mixed Use
Property Description
An excellent opportunity to acquire a fully leased, 7-unit commercial building situated on a 17,425 sq. ft. lot in the heart of Royal Oak. The property offers strong holding income, dual road access with over 100 ft of frontage on West Saanich Rd and approx.60 ft on Viewmont Ave, and is positioned directly beside the Royal Oak Shopping Centre. This well-maintained building has a long history of stable tenancy and minimal vacancy, benefiting from steady neighbourhood traffic, nearby amenities, and excellent connectivity to the Pat Bay Highway and Royal Oak Transit Exchange. Currently zoned C-3 Commercial (1.2 FSR), preliminary discussions with the District of Saanich indicate future rezoning potential to approximately 3.5 FSR, allowing for over 61,000 sq. ft. of buildable area. With city-owned lands across the street rezoned for up to 12 storeys and several mixed-use developments planned nearby, this property offers secure income today with exceptional long-term redevelopment potential.
Location
Province BC
County Capital Regional District
Community Sw Royal Oak
Area Saanich West
Zoning C3
Exterior
View Y/N No
Total Parking Spaces 31
Garage No
Building
Locker No
Others
Ownership Freehold
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