4500 West Saanich Rd

About this home

This is an exceptional opportunity to acquire a strategically located 17,425 sq. ft. commercial property in the heart of the rapidly evolving Royal Oak growth corridor. Now offered at a reduced price with increased rental income, the property provides investors and developers with stable in-place cash flow and meaningful long-term redevelopment potential. The site benefits from dual road access, with more than 100 feet of frontage along West Saanich Road and approximately 60 feet along Viewmont Avenue. Situated immediately adjacent to Royal Oak Shopping Mall, the property offers excellent visibility, connectivity, and immediate access to major retail and service amenities. The existing fully leased building comprises seven commercial units totalling over 7,600 sq. ft. of leasable area. Supported by a long history of stable tenancy, it provides dependable holding income while future redevelopment plans are contemplated. Zoned C-3, preliminary discussions with the municipality have indicated potential density in excess of 3.5 FSR. Royal Oak is undergoing a significant transformation, with nearby city-owned lands rezoned to accommodate buildings up to 12 storeys and additional projects advancing through various stages of planning and approval. With strong frontage, reliable income, and substantial future density upside, this is a compelling opportunity to secure a strategic site in one of Greater Victoria’s most active redevelopment nodes. (id:65179)

Property details

From the listing's public record.

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

1. Jun 23, 2026

   Listed $4,150,000

   Active6 days on marketMLS 1041239

2. Feb 19, 2026

   Listed $4,400,000

   Ddf_delisted119 days on marketMLS 1026444

Current market in Royal Oak

Seller's market — 3.3 months of supply at the current sales pace.

Assessment

From publicly available property records.

Local price trend

How Royal Oak has moved over the last decade.

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