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Excellent mixed-use development opportunity - 4500 block east of West Saanich Road in Victoria, BC. Situated directly across from Royal Oak Shopping Centre and just minutes from Broadmead Village, this +/- 2.7 acre vacant development
site, consisting of four parcels, offers exceptional visibility with prominent frontage on both West Saanich Road and the Patricia Bay Highway. Its central location provides excellent access to retail, dining, and everyday conveniences, as well as close proximity to a regional transit exchange, parks, walking trails, Saanich Commonwealth Place, schools, and more. The property is ideally positioned for tourism, residential and commercial development. Currently zoned C-2 (Describe), OCP Designation: Royal Oak Centre – supports mixed-use residential/commercial mid-to-high-rise buildings up to 12 storeys. Potential Density: Up to 3.5 FSR (subject to approvals). The District of Saanich is currently proceeding with rezoning of the parcels to increase permitted density, height and to include tourist accommodation (hotel) as permitted use. As part of one of Saanich’s designated growth centres, this property provides a rare opportunity for developers to create a landmark mixed-use project in the largest municipality within Greater Victoria.
Address
Lot 1-4 West Saanich Rd
List Price
$25,000,000
Property Type
Commercial Sale
Type of Dwelling
Unimproved Land
Transaction Type
sale
Area
Saanich West
Sub-Area
SW Royal Oak
Lot Size
117612 Sq. Ft.
Lot Size (Acres)
2.7 Ac.
MLS® Number
1012062
Listing Brokerage
Easy List Realty
Postal Code
V8Z 3G2
Tax Year
2025
