4500 West Saanich Rd, Saanich BC V8Z 5L3

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 $4,150,000 in Saanich, British Columbia. Lot size: 17,424 sq ft (0.40 acres).MLS® #1041239.

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.

Looking for homes for sale in Saanich? Browse Saanich real estate listings,commercial sale properties, and Vancouver Island homes on IslandSold.com. Part of the Saanich West area.