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$ 4,400,000
Est. payment | /mo
0.4 Acres Lot
$ 4,400,000
Est. payment | /mo
0.4 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1017882
Rental Info Unrestricted
Annual Tax Amount $49,038
Tax Year 2025
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Mixed Use
Property Description
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.
Location
Province BC
County Capital Regional District
Area Sw Royal Oak
Zoning C3
Exterior
Parking On Site 1
Total Parking Spaces 31
Others
Tax ID 000-070-319
Ownership Freehold
Listed by Pemberton Holmes Ltd.
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