7221 Peden Lane

About this home

Rare Waterview Commercial Opportunity – Brentwood Bay A unique chance to secure a prime seaside commercial site at 7221 Peden Lane. Existing C-3 zoning permits a mix of neighbourhood-serving commercial uses with a 0.6 FAR and up to 3 storeys (~4,400 buildable sq. ft.). Ideal for restaurants, cafés, medical clinics, dental, daycare, professional offices, or wellness/spa uses supporting the Brentwood Bay village core. Positioned steps from the waterfront, marinas, and Brentwood Bay Lodge, this location aligns with OCP objectives encouraging vibrant, pedestrian-oriented commercial services. Why lease when you can own in one of the Peninsula’s most supply-constrained retail nodes? Strong demand exists for food service, childcare, and health-based services in the immediate area. Buyer to verify zoning, permitted uses, and OCP guidelines with the District of Central Saanich. Clean Phase 1 environmental report. (id:65179)

Property details

From the listing's public record.

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

1. Jul 2, 2026

   Listed $995,000

   ActiveMLS 1042065

2. Apr 7, 2026

   Listed $995,000

   Ddf_delisted85 days on marketMLS 1031265

How this listing compares

Not enough recent sales in this area for reliable stats.

Current market in Brentwood Bay

Buyer's market — 24 months of supply at the current sales pace.

Assessment

From publicly available property records.

• 1208 Marchant Rd

  $510,000

  — · — · — · 223 days on market

  Sold May 15, 2026 · 88.7% of list

• 1588 White Rd

  $1,000,000

  — · — · — · 28 days on market

  Sold Apr 28, 2026 · 93.5% of list

• Lot B Alec Rd

  $1,325,000

  — · — · — · 668 days on market

  Sold Jan 14, 2026 · 88.4% of list

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