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. (id:44393)
| Business Type | Service |
| MLS® Number | 1017882 |
| Property Type | Other |
| Neigbourhood | Royal Oak |
| Parking Space Total | 31 |
| Size Exterior | 7648 Sqft |
| Type | Commercial Mix |
| Acreage | No |
| Size Irregular | 17425 |
| Size Total | 17425 Sqft |
| Size Total Text | 17425 Sqft |
| Zoning Description | C3 |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/29010629/4500-west-saanich-rd-saanich-royal-oak
Contact us for more information
Kane Ryan
Personal Real Estate Corporation
(250) 384-8124
(800) 665-5303
(250) 380-6355
www.pembertonholmes.com/
Clive Townley
(250) 384-8124
(800) 665-5303
(250) 380-6355
www.pembertonholmes.com/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
