MLS® 1038675

Restaurants for Sale — Cedar Hill, Saanich, BC

$195,000

104 1551 Cedar Hill Cross Rd, Saanich, BC V8P3E6

87
Walk Score
67
Transit
79
Bike
Walk Score® by Redfin
RestaurantsFor SaleTurnkey
Restaurant
Type
87
Walk Score
67
Transit
79
Bike
Walk Score® by Redfin

Property details

Structured details

Ownership
Leasehold

Listing Information

MLS®
1038675
Listed
May 29, 2026
Time on market
108 days
Data last synced
September 14, 2026
Source
CREA DDF®

Description

Turnkey Asian restaurant located in Cedar Hill Mall, right next to McDonald's and just minutes from UVic and Shelbourne Plaza. Ample parking available. Features a fully equipped commercial kitchen. This is a prime investment opportunity with tremendous growth potential. Come make it your DESTINED business! Please refrain from contacting the staff or owner regarding the sale. (id:63159)

Financing calculator

Estimate your monthly payment on the $195,000 asking price.

Financing details
Monthly debt service
$1,893
Cash required at close
$64,000
DSCR
Cash-on-cash return (yr 1)

Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.

Location

Local market size (Saanich)

Population
117,735(+3.1% since 2016)
Population density
1,136.5/km²
Median household income
$93,000

Source: Statistics Canada, 2021 Census of Population.

Education

Bachelor's degree or higher
35.8%
Postsecondary below bachelor's
25.6%
High school diploma
28.2%
No certificate/diploma
10.4%

Population aged 15 and over.

Commute

Car, truck or van
77.2%
Public transit
8.8%
Walked
6.3%
Bicycle
5.1%
Other
2.7%

Commute duration

Under 15 min
32.7%
15–29 min
50.1%
30–44 min
12.8%
45–59 min
2.3%
60+ min
2.1%

Employed labour force with a usual workplace.

Mother Tongue

English76.1%
Mandarin3.5%
Yue (Cantonese)2.5%
Punjabi (Panjabi)2.3%
Tagalog (Pilipino, Filipino)1.2%
French1.1%
Spanish1.1%
German0.9%
Korean0.7%
Portuguese0.6%

Top 10 mother tongues reported (single responses).

Nearby Places

Restaurants (5+)

  • Fig Delicatessen · 1551 Cedar Hill Cross Road44m
  • The Rack Bistro · 1550 Cedar Hill Cross Road70m
  • Laila Laila Hotpot · 1546 Cedar Hill Cross Road81m
  • Unnamed157m
  • Tropical Island · 3690 Shelbourne Street184m

Cafes (5+)

  • Ding Tea · 3749 Shelbourne Street140m
  • Urban Cup · 3690 Shelbourne Street163m
  • Phonomenal171m
  • Tim Hortons · 3749 Shelbourne Street174m
  • Noodle Box181m

Grocery (4)

  • SaanniSunny Asian Market · 1551 Cedar Hill Cross Road25m
  • Fairway Market Shelbourne Plaza · 3651 Shelbourne Street217m
  • Bulk Barn · 3609 Shelbourne Street313m
  • Fairway Market McKenzie · 1521 McKenzie Avenue744m

Shopping (2)

  • Shelbourne Village Square · 3749 Shelbourne Street154m
  • Shelbourne Plaza238m

Parks (5+)

  • Gore-Peace Memorial Park102m
  • Rendle Green350m
  • Rowan Park461m
  • Horner Park492m
  • Jennifer Park539m

Pharmacies (1)

  • Heart Pharmacy IDA · 3643 Shelbourne Street242m

Banks & ATMs (4)

  • Coast Capital Savings · 3750 Shelbourne Street67m
  • TD · 3675 Shelbourne Street147m
  • Vancity · 1590 Cedar Hill Cross Road155m
  • BMO · 3616 Shelbourne Street277m

Healthcare (3)

  • Snore MD · 3617 Shelbourne Street291m
  • Saanich Walk-In Denture Clinic408m
  • Sharp Orthodontics641m

Nearby places data: © OpenStreetMap contributors.

Directions ↗

Frequently asked questions

What is the asking price for this restaurant?

The asking price is $195,000.

Where is this business located?

This listing is located in Saanich, British Columbia.

How current is this listing?

This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 14, 2026.