4500 West Saanich Rd, Saanich, BC V8Z 5L3
4500 West Saanich Rd, Saanich, BC V8Z 5L3
4500 West Saanich Rd, Saanich, BC V8Z 5L3
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Jason Anson

Jason Anson

+1(250) 252-7653
Listing by Kane Ryan Pemberton Holmes Ltd.
$4,150,000
Est. payment /mo
7,648 SqFt
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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

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Jason Anson
Jason Anson

Agent | License ID: 188385

+1(250) 252-7653 | sold@jasonanson.ca

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4500 West Saanich Rd

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