- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1041239
- Photos (9)
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This 17,425 sq. ft. commercial property offers a rare opportunity to secure a strategic site in the rapidly evolving Royal Oak growth corridor. Now offered at a reduced price with increased rental income, the property provides dependable holding income with significant long-term redevelopment potential.The site features dual road access, with over 100 feet of frontage along West Saanich Road and approximately 60 feet along Viewmont Avenue, immediately adjacent to Royal Oak Shopping Mall. The existing fully leased building comprises seven commercial units and over 7,600 sq. ft. of leasable area, supported by a long history of stable tenancy. Zoned C-3, preliminary discussions with the municipality indicate potential density in excess of 3.5 FSR. Nearby city-owned lands have been rezoned for buildings up to 12 storeys, with additional developments progressing through the area. A strong income-producing asset today with meaningful future density upside.
- Property Type:
- Commercial Sale
- Type:
- Mixed Use
- Commercial Type:
- Building
- Lease Type:
- Sale Price
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- SW Royal Oak, Saanich West
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 17,425 sq. ft.
- Taxes:
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- Building Features:
- Parking
- Ceiling Heights:
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- Total Building Area:
- 7,648 sq. ft.
- Commercial Area:
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- Fireplace:
- No
- Pending Date:
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- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Jurisdiction name:
- District of Saanich (SD61)
- Legal Description:
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- Parking Features:
- On Site
- Total Parking Spaces:
- 31
- Total Units:
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- Date Listed:
- Jun 23, 2026
- Original Price:
- 4150000.0
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Listed by Pemberton Holmes Ltd.
Data was last updated June 25, 2026 at 04:05 PM (UTC)
Area Statistics
- Listings on market:
- 16
- Avg list price:
- $1,324,500
- Min list price:
- $55,000
- Max list price:
- $6,000,000
- Avg days on market:
- 134
- Min days on market:
- 2
- Max days on market:
- 342
These statistics are generated based on the current listing's property type
and located in
Saanich West. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- KAMRYN ALLEN
- PEMBERTON HOLMES
- 1 (250) 5162494
- Contact by Email
Kamryn Allen
Victoria BC REALTOR® - Call (250) 516-2494
Office Address:
150-805 Cloverdale Avenue
Victoria, BC, V8X 2S9