RE/MAX
778.426.0834 Contact
$4,400,000 - ML# 1026444
4500 West Saanich Rd
Saanich West - SW Royal Oak

This is only a guide. Please verify this information with your mortgage specialist.

Redevelopment Opportunity with Holding Income. Positioned in the heart of a growth corridor, this 17,425 sqft. property represents an opportunity to secure a strategic site with stable income. The lot offers dual road access, with over 100 ft of frontage along W. Saanich Rd and approx 60 ft on Viewmont, immediately adjacent to Royal Oak Centre. The 7-unit commercial building is fully leased and has a long history of stable tenancy, providing dependable cash flow while future plans are contemplated.Zoned C-3 with preliminary discussions with the municipality indicate FSR's of 3.5 +.This node is undergoing transformation, with nearby city-owned lands rezoned to permit buildings up to 12 storeys and additional developments in various stages of approval. With prominent frontage, and transit connectivity via Transit Exchange, and immediate access to major retail amenities, this property offers an opportunity to secure income today while positioning for significant long-term density upside.

Title:
Freehold 
Transaction Type:
 
Includes Building:
No 
Includes Business:
No 
Includes Land:
No 
Sale/Lease Type:
Sale Price 
Possession:
Negotiable 
Possession Notes:
 
Taxes:
$49,038.00 (2025) 
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Building Details

Building Features:
Parking 
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Lot Information

SqFt:
0 
Acres:
0.00 
Total SqFt:
7648 
Lot:
 
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Strata Information

Complex:
 
Managed By:
Self Managed 
Monthly Assessment:
$ 
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Listed with:

Pemberton Holmes Ltd.
Phone: 250-986-8900 / Fax:

Pemberton Holmes Ltd.

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NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.