4500 West Saanich Rd

Key facts

• Property type: Other
• Structure: Commercial Mix
• Transaction: For Sale
• Price: $4,400,000
• Interior size: 7,648 sqft
• Parking: 31
• Listing key: 29378571

Listing overview

Prime Royal Oak Redevelopment Opportunity with Strong Holding Income Positioned in the heart of Royal Oak’s emerging growth corridor, this 17,425 sq. ft. property represents a rare opportunity to secure a strategic redevelopment site with stable interim income. The lot offers dual road access, with over 100 feet of frontage along West Saanich Road and approximately 60 feet on Viewmont Avenue, immediately adjacent to Royal Oak Shopping Centre. The existing 7-unit commercial building is fully leased and has a long history of stable tenancy, providing dependable cash flow while future development plans are contemplated. Currently zoned C-3 Commercial (1.2 FSR), preliminary discussions with the District of Saanich indicate potential rezoning to approximately 3.5 FSR _, equating to over 61,000 sq. ft.+ of potential buildable area (buyer to verify). The broader Royal Oak node is undergoing mea...