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This 0 bedroom, 0 bathroom multi family is listed for sale at $6,499,000 in Saanich, British Columbia. Lot size: 69,696 sq ft (1.60 acres).MLS® #1044793.
Price Reduced! This rare 1.6 acre property is located in the highly desirable Cadboro Bay / Arbutus neighbourhood, steps from Cadboro Bay Village and blocks from the University of Victoria. This offering represents an exceptional opportunity to develop housing in one of Greater Victoria’s most affluent communities, where there is a very low supply of diverse housing options.
Currently improved with a vacant 13,632 SF church facility and 53 paved parking stalls, there is significant potential for holding income while in planning. Conceptual development plans to develop townhomes have been well received by the Municipality of Saanich. Inquire for more details.
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 East area.
Property Type
Multi Family
Lot Size
69,696 sq ft(1.60 acres)
Bedrooms
0
Bathrooms
0
Area
Saanich East
Neighborhood
Cadboro Bay
Listed
Jul 31, 2026
MLS® Number
#1044793
View comprehensive market analysis for Arbutus 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 Arbutus Rd Market ReportPrice Reduced! This rare 1.6 acre property is located in the highly desirable Cadboro Bay / Arbutus neighbourhood, steps from Cadboro Bay Village and blocks from the University of Victoria. This offering represents an exceptional opportunity to develop housing in one of Greater Victoria’s most affluent communities, where there is a very low supply of diverse housing options.
Currently improved with a vacant 13,632 SF church facility and 53 paved parking stalls, there is significant potential for holding income while in planning. Conceptual development plans to develop townhomes have been well received by the Municipality of Saanich. Inquire for more details.

Dallas King
Personal Real Estate Corporation
RE/MAX Generation
Discover more properties and explore the Saanich East community, including the Cadboro Bay neighborhood.
Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$33,995
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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