4500 West Saanich Rd, Saanich, BC V8Z 5L3
4500 West Saanich Rd, Saanich, BC V8Z 5L3
4500 West Saanich Rd, Saanich, BC V8Z 5L3
9
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Listing by Kane Ryan Pemberton Holmes Ltd.
$4,150,000
Est. payment /mo
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7,648 SqFt
Active

4500 West Saanich Rd Saanich, BC V8Z 5L3

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Kyle Kerr PREC

Kyle Kerr PREC

+1(250) 818-5595

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 $542

MLS Listing ID 1041239

HOA Y/N No

Annual Tax Amount $49,038

Tax Year 2025

Lot Size 0.400 Acres

Acres 0.4

Property Sub-Type Mixed Use

Property Description

This 17,425 sq. ft. commercial property offers a rare opportunity to secure a strategic site in the rapidly evolving Royal Oak growth corridor. Now offered at a reduced price with increased rental income, the property provides dependable holding income with significant long-term redevelopment potential.The site features dual road access, with over 100 feet of frontage along West Saanich Road and approximately 60 feet along Viewmont Avenue, immediately adjacent to Royal Oak Shopping Mall. The existing fully leased building comprises seven commercial units and over 7,600 sq. ft. of leasable area, supported by a long history of stable tenancy. Zoned C-3, preliminary discussions with the municipality indicate potential density in excess of 3.5 FSR. Nearby city-owned lands have been rezoned for buildings up to 12 storeys, with additional developments progressing through the area. A strong income-producing asset today with meaningful future 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 false

Total Parking Spaces 31

Garage No

Others

Ownership Freehold

NEARBY SCHOOLS & PROPERTIES

Initium Real Estate Ltd

I have bought a house with Kyle Kerr as my realtor and it was a smooth professional experience. I specifically like working with a realtor like him who responds fast and communicates clearly to any questions I have promptly. He was also my realtor for the sale of my condo recently and the photographer was great and I had wonderful pictures. It sold above listing price within a day and his staff were also in contact to assist in this transaction

+1(250) 818-5595

info@initiumre.com

505 Dalton St, Victoria, V9A 4B1

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4500 West Saanich Rd