4500 West Saanich Rd, Saanich, BC

$4,400,000

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7,648

Square feet

0.40

Acres

About 4500 West Saanich Rd

An excellent opportunity to acquire a fully leased, 7-unit commercial building situated on a 17,425 sq. ft. lot in the heart of Royal Oak. The property offers strong holding income, dual road access with over 100 ft of frontage on West Saanich Rd and approx.60 ft on Viewmont Ave, and is positioned directly beside the Royal Oak Shopping Centre. This well-maintained building has a long history of stable tenancy and minimal vacancy, benefiting from steady neighbourhood traffic, nearby amenities, and excellent connectivity to the Pat Bay Highway and Royal Oak Transit Exchange. Currently zoned C-3 Commercial (1.2 FSR), preliminary discussions with the District of Saanich indicate future rezoning potential to approximately 3.5 FSR, allowing for over 61,000 sq. ft. of buildable area. With city-owned lands across the street rezoned for up to 12 storeys and several mixed-use developments planned nearby, this property offers secure income today with exceptional long-term redevelopment potential.

Features of 4500 West Saanich Rd

MLS® # 1017882
Price $4,400,000
Square Footage 7,648
Acres 0.40
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 4500 West Saanich Rd
Area SW Royal Oak
City Saanich
County Capital Regional District
Province BC
Postal Code V8Z 5L3

Amenities

Parking Spaces 31
Is Waterfront No
Has Pool No

Interior

Fireplace No

Additional Information

Date Listed October 20th, 2025
Zoning C3

Listing Details

OfficePemberton Holmes Ltd.

Listing Map

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