Space
Finished area and layout
- Building Area
- 7,648 sqft
7,648 sqft
Building Area
17,425 sqft
Lot
31
Parking
Property Snapshot
Key details for this listing
MLS #1049788
Property
Type, style and structure
- Type
- commercial
- Style
- retail / Retail
- Ownership
- Freehold
Lot
Land, frontage and setting
- Lot
- 17,425 sqft - 17425
About This Property
This retail in Saanich offers 7,648 sqft of building area on a 17,425 sqft lot. The property has lot dimensions of 17425, zoned Unknown. Highlights include a 31-car garage.
MLS Remarks
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. (id:60351)
Full Listing Details
Address4500 West Saanich Rd
MLS#1049788
Listing StatusActive
Property TypeCommercial
Sub-TypeRetail
TransactionSale
Days on Market40
Common InterestFreehold
Annual Tax$49,038
Parking31 (31 garage)
Structure TypeRetail
StyleRetail
CitySaanich
NeighbourhoodRoyal Oak
ProvinceBritish Columbia
Postal CodeV8Z5L3
Lot Size17,425 sqft
Lot Dimensions17425
ZoningUnknown
Total Parking31
Garage Spaces31
Annual Tax$49,038
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