- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1017882
- Photos (13)
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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.
- 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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- 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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- Parking Features:
- On Site
- Total Parking Spaces:
- 31
- Business Type:
- Service
- Total Units:
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- Date Listed:
- Oct 20, 2025
- Original Price:
- 4400000.0
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Listed by Pemberton Holmes Ltd.
Data was last updated October 21, 2025 at 02:05 PM (UTC)
Area Statistics
- Listings on market:
- 10
- Avg list price:
- $1,914,075
- Min list price:
- $135,000
- Max list price:
- $25,000,000
- Avg days on market:
- 86
- Min days on market:
- 1
- Max days on market:
- 195
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.
- Arran McLellan
- PEMBERTON HOLMES
- 1 (250) 884-3980
- Contact by Email
Office Address:
#150-805 Cloverdale Ave
Victoria, BC, V8X 2S9