4500 West Saanich Road, Saanich, British Columbia, V8Z5L3
This retail property in Saanich is for sale. It has been on the market 50 days, fresher than the Saanich average of 67 days.
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:66096)
Long Listed: 50 days on market, against an average age of 67 days across the listings currently for sale in this city
This retail in Saanich has been listed for 50 days, which is 17 days fresher than the city average of 67. Act while there is still low competition.
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