4500 West Saanich Rd, Saanich BC V8Z 5L3
$4,400,000
00
4500 West Saanich Rd, Saanich BC V8Z 5L3 - Mixed Use for Sale in Saanich, BC
This 0 bedroom, 0 bathroom mixed use is listed for sale at $4,400,000 in Saanich, British Columbia.MLS® #1026444.
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.
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$4,400,000
For Sale
1 / 10
4500 West Saanich Rd, Saanich BC V8Z 5L3
Saanich, BC V8Z 5L3
MLS® #1026444
Pemberton Holmes Ltd.
0beds
0baths
Property Details
West Saanich Rd Market Report
View comprehensive market analysis for West Saanich Rd 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 West Saanich Rd Market ReportDescription
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.
Dallas King
Personal Real Estate Corporation
RE/MAX Generation
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Location & Community
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