Restaurants for Sale — Mt Tolmie, Saanich, BC
$139,900
1540 Cedar Hill Cross Rd, Saanich, BC V8T1N3
Property details
Structured details
- Ownership
- Freehold
- Parking
- 15 spaces
Listing Information
- MLS®
- 1038762
- Listed
- May 30, 2026
- Time on market
- 107 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
Excellent opportunity to acquire a freestanding restaurant with a private on-site parking lot for 15+ customers. This fully vented restaurant is located in a high-traffic area just off one of Victoria’s busiest corridors. The space is approximately 3,000 sq. ft. and includes a Food Primary liquor licence for 100 guests. The wide-open layout provides a blank canvas for the next operator to bring a new concept to life. The main dining room features a nearly 20 ft bar, excellent natural light, strong street frontage, signage opportunities, and potential for a patio. NDA Required for more details. (id:63159)
Financing calculator
Estimate your monthly payment on the $139,900 asking price.
Financing details
- Monthly debt service
- $1,358
- Cash required at close
- $52,980
- 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
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- Heart of Asia291m
- Unnamed368m
- Thai Orchid · 3613 Shelbourne Street455m
- Tropical Island · 3690 Shelbourne Street469m
- Fujiya · 3624 Shelbourne Street495m
Cafes (5+)
- Tim Hortons · 3749 Shelbourne Street333m
- Phonomenal337m
- Noodle Box339m
- Starbucks364m
- Ding Tea · 3749 Shelbourne Street388m
Grocery (3)
- Fairway Market Shelbourne Plaza · 3651 Shelbourne Street374m
- Bulk Barn · 3609 Shelbourne Street481m
- SaanniSunny Asian Market · 1551 Cedar Hill Cross Road531m
Shopping (2)
- Shelbourne Village Square · 3749 Shelbourne Street359m
- Shelbourne Plaza392m
Parks (5+)
- Horner Park15m
- Rendle Green232m
- Mount Tolmie Park411m
- Gore-Peace Memorial Park452m
- Onyx Park459m
Pharmacies (1)
- Heart Pharmacy IDA · 3643 Shelbourne Street411m
Banks & ATMs (4)
- Vancity · 1590 Cedar Hill Cross Road356m
- TD · 3675 Shelbourne Street381m
- Coast Capital Savings · 3750 Shelbourne Street460m
- BMO · 3616 Shelbourne Street521m
Healthcare (3)
- Snore MD · 3617 Shelbourne Street445m
- Saanich Walk-In Denture Clinic568m
- Sharp Orthodontics755m
Nearby places data: © OpenStreetMap contributors.
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Frequently asked questions
What is the asking price for this restaurant?
The asking price is $139,900.
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.