$3,950,000 Sale

Listed 39 days ago

4500 West Saanich Rd

MLS® 1049788 Retail

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Beds · 0

Baths · 0.0

Parking · 31

Sqft · -

Est. mortgage

$14,985/mo

Key Facts

Key facts for 4500 West Saanich Rd

Property Type

Commercial

Parking

Garage: No, 31 parking

MLS #

1049788

Size

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

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:10452)

Full Property Details

Interior

Washrooms

0.0

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Full Bathrooms

Half Bathrooms

Exterior

Acreage

17425 sqft

Parking Spaces

Garage Spaces Y/N

Zoning Type

Unknown

Acreage

17425 sqft

Parking Spaces

Garage Spaces Y/N

Zoning Type

Unknown

Building Description

Home Type

Commercial

Subtype

Retail

Home Type

Commercial

Subtype

Retail

Community

Royal Oak

Area Code

Saanich

Community

Royal Oak

Area Code

Saanich

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Island Legacy Real Estate Group

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