4500 West Saanich Rd, Saanich, BC V8Z 5L3
4500 West Saanich Rd, Saanich, BC V8Z 5L3
4500 West Saanich Rd, Saanich, BC V8Z 5L3
8
See all 8 photos
Listing by Kane Ryan Pemberton Holmes Ltd.
$3,950,000
Est. payment /mo
Save
7,648 SqFt
Active

4500 West Saanich Rd Saanich, BC V8Z 5L3

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Kyle Kerr PREC

Kyle Kerr PREC

+1(250) 818-5595

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.”

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

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Initium Real Estate Ltd, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

4500 West Saanich Rd