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$3,950,000
1049788 MLS
This 17,425 sq. ft. commercial property presents a rare opportunity to acquire a strategic income-producing site in the rapidly evolving Royal Oak growth corridor. Now offered at a reduced price, the property provides dependable holding income alongside significant long-term redevelopment potential. The fully leased building contains 7 commercial units totalling more than 7,600 sq. ft. of leasable area, supported by a long history of stable tenancy. The site benefits from dual road access, with over 100 ft of frontage on W.Saanich Road and approximately 60 ft on Viewmont Avenue, immediately adjacent to Royal Oak Shopping Centre. Currently zoned C-3, preliminary discussions with the municipality suggest the potential for density exceeding 3.5 FSR. Nearby municipally owned lands have been rezoned to permit buildings of up to 12 storeys, with additional development activity progressing throughout the area. A strong income-producing asset today with meaningful future redevelopment upside.

4500 West Saanich Rd, Saanich

Courtesy of Pemberton Holmes Ltd.

$8,490,000
1048554 MLS
Prime opportunity to acquire a 21,264 SF uniquely positioned flex industrial building on a 0.98-acre site in Saanich’s sought-after Royal Oak Industrial area. The well-maintained property offers a versatile mix of office, warehouse, and industrial space, with functional layouts, quality improvements, ample on-site parking, storage options, and excellent signage opportunities. Warehouse areas feature generous ceiling heights and grade-level loading, supporting a variety of storage, distribution, light industrial, and commercial uses. Ideally located with convenient access to Pat Bay Highway and Highway #1, providing efficient connectivity throughout Greater Victoria, the North Island, BC Ferries, and Victoria International Airport. An exceptional opportunity to acquire a substantial, well-positioned commercial asset in one of Saanich’s established industrial nodes.

759 Vanalman Ave, Saanich

Courtesy of Royal LePage Coast Capital - Chatterton

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