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This 0 bedroom, 1 bathroom mixed use is listed for sale at $995,000 in Central Saanich, British Columbia. Lot size: 7,405 sq ft (0.17 acres).MLS® #1022720.
Rare Waterview Infill Development – Brentwood Bay A unique chance to secure a seaside site at 7221 Peden Lane. 6 FAR and 3 storeys (~4,400 buildable sq. ).
Proposed concepts include two 1,740 sq. ft. luxury 3-bed residences with ocean views over two 420 sq.
ft. commercial units across from the ocean, marinas and brentwood bay lodge. Beyond C-3, explore potential rezoning to residential via BC’s new SSMUH zoning for multi-unit residential for 4 townhomes.
Given the location and amenities all around this site offers immense upside. Buyer to verify all zoning, SSMUH eligibility, and OCP details with the District of Central Saanich. Clean phase 1 environmental report.
Property features include: Ocean View.
Looking for homes for sale in Central Saanich? Browse Central Saanich real estate listings,house properties, and Vancouver Island homes on IslandSold.com. Part of the Central Saanich area.
Property Type
Mixed Use
Lot Size
7,405 sq ft(0.17 acres)
Bedrooms
0
Bathrooms
1
Area
Central Saanich
Neighborhood
Brentwood Bay
Listed
Jan 7, 2026
MLS® Number
#1022720
View comprehensive market analysis for Peden Lane including recent sales, pricing trends, and days on market statistics. Compare this property with other homes on the same street to better understand the local market.
View Peden Lane Market ReportRare Waterview Infill Development – Brentwood Bay A unique chance to secure a seaside site at 7221 Peden Lane. 6 FAR and 3 storeys (~4,400 buildable sq. ).
Proposed concepts include two 1,740 sq. ft. luxury 3-bed residences with ocean views over two 420 sq.
ft. commercial units across from the ocean, marinas and brentwood bay lodge. Beyond C-3, explore potential rezoning to residential via BC’s new SSMUH zoning for multi-unit residential for 4 townhomes.
Given the location and amenities all around this site offers immense upside. Buyer to verify all zoning, SSMUH eligibility, and OCP details with the District of Central Saanich. Clean phase 1 environmental report.

Dallas King
Personal Real Estate Corporation
RE/MAX Generation
Discover more properties and explore the Central Saanich community, including the Brentwood Bay neighborhood.
Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$6,475
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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