$4,400,000

4500 West Saanich Rd
MLS® NO: 1026444

Description

Redevelopment Opportunity with Holding Income. Positioned in the heart of a growth corridor, this 17,425 sqft. property represents an opportunity to secure a strategic site with stable income. The lot offers dual road access, with over 100 ft of frontage along W. Saanich Rd and approx 60 ft on Viewmont, immediately adjacent to Royal Oak Centre. The 7-unit commercial building is fully leased and has a long history of stable tenancy, providing dependable cash flow while future plans are contemplated.Zoned C-3 with preliminary discussions with the municipality indicate FSR's of 3.5 +.This node is undergoing transformation, with nearby city-owned lands rezoned to permit buildings up to 12 storeys and additional developments in various stages of approval. With prominent frontage, and transit connectivity via Transit Exchange, and immediate access to major retail amenities, this property offers an opportunity to secure income today while positioning for significant long-term density upside.

General

Property Type:Mixed Use
Taxes:$49,038
Tax Year:2025

Site Influences

Acres: 0.00

Strata Lot Information

Managed By: Self Managed

Property Details

All fields marked with * are required.

All fields are required.

$
$
This is only a guide. Please verify this information with your mortgage specialist.
Back To Listings

Listed with:

Kane RyanPemberton Holmes Ltd.
Phone: 250-986-8900

Clive TownleyPemberton Holmes Ltd.

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.