Contact
1-877-888-3131
Sign-in/up
Search for Sale
Buyer Cashback
Back to Map
Share
$4,150,000
British Columbia,Saanich
For Sale Active
4500 West Saanich Rd, Saanich, British Columbia V8Z5L3
Contact Seller
Basic Details
Description

This is an exceptional opportunity to acquire a strategically located 17, 425 sq. ft. commercial property in the heart of the rapidly evolving Royal Oak growth corridor. Now offered at a reduced price with increased rental income, the property provides investors and developers with stable in-place cash flow and meaningful long-term redevelopment potential. The site benefits from dual road access,

with more than 100 feet of frontage along West Saanich Road and approximately 60 feet along Viewmont Avenue. Situated immediately adjacent to Royal Oak Shopping Mall, the property offers excellent visibility, connectivity, and immediate access to major retail and service amenities. The existing fully leased building comprises seven commercial units totalling over 7, 600 sq. ft. of leasable area. Supported by a long history of stable tenancy, it provides dependable holding income while future redevelopment plans are contemplated. Zoned C-3, preliminary discussions with the municipality have indicated potential density in excess of 3.5 FSR. Royal Oak is undergoing a significant transformation, with nearby city-owned lands rezoned to accommodate buildings up to 12 storeys and additional projects advancing through various stages of planning and approval. With strong frontage, reliable income, and substantial future density upside, this is a compelling opportunity to secure a strategic site in one of Greater Victoria’s most active redevelopment nodes. (id:62783)

Read More
Basic Details
  • Property Type: Other
  • Listing Type: For Sale
  • Listing ID: 1041239
  • Price: $4,150,000
  • Status: Active
  • Property Sub Type: Other
  • Office Key: 53151
Address Map
  • Location: CA, British Columbia, Saanich, V8Z5L3
  • Street: West Saanich
  • Street Number: 4500
  • Street Suffix: Road
  • Longitude: W124° 36' 41.2''
  • Latitude: N48° 29' 38.7''
  • Zoning: Unknown
Additional Information
  • Lot Size Dimensions: 17425
Financial
  • Tax Annual Amount: 49038
Powered by REALTOR.ca
Listing updated: 2026-07-02 07:17:23
Schedule a Tour
List Your Property
Mortgage Calculator
Get Pre-Approved
$
$
%
%
years
Monthly Payment (Est.) $
Similar Properties
Listing Information
  • List Agent Key: 2004639
  • List Office Key: 53151
  • Modification Timestamp: 2026-06-23T13:35:16Z
  • Originating System Name: Victoria Real Estate Board
  • Status Change Timestamp: 2026-06-23T13:27:25Z
Powered by REALTOR.ca
Listing updated: 2026-07-02 07:17:24
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By‐Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association.
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non‐commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.

By continuing to use this website and its services, you agree to these

Terms of Use

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with Zubic Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as part of their Mere Posting ComFree Listing Contract and in partnership with Imperium LLP – Rocky Kim.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

5. We Make Your Listing Live

6. Get Support 7 Days a Week

7. iSOLD!

Learn More