MLS® 1047961Price drop — was $50,000 on Sep 14

Restaurants for Sale — Broadmead, Saanich, BC

$40,000

315 777 Royal Oak Dr, Saanich, BC V8X1R5

RestaurantsFor Sale
Restaurant
Type

Property details

Structured details

Ownership
Freehold

Listing Information

MLS®
1047961
Listed
August 26, 2026
Time on market
19 days
Data last synced
September 15, 2026
Source
CREA DDF®

Description

Restaurant located in Broadmead Village Shopping Centre. Enjoy excellent visibility and high foot traffic. The interior offers over 1,210 sq. ft. of space with seating for 34. Recently renovated with modern flooring, a sleek serving bar, updated shelving, and stylish light fixtures. Currently no commercial hood, but single floor complex should allow for an easy conversion with landlord approval. Bring your restaurant concept! Do not approach staff or the business owner regarding the sale of the business.* (id:63159)

Financing calculator

Estimate your monthly payment on the $40,000 asking price.

Financing details
Monthly debt service
$388
Cash required at close
$33,000
DSCR
Cash-on-cash return (yr 1)

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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+)

  • Poke Fresh81m
  • Unnamed104m
  • Romeo's Pizza · 777 Royal Oak Drive113m
  • Fudo Japanese Restaurant129m
  • Baan Thai · 777 Royal Oak Drive162m

Cafes (3)

  • Artisan Bistro117m
  • Starbucks · 777 Royal Oak Drive213m
  • Tim Hortons706m

Grocery (2)

  • Thrifty Foods · 777 Royal Oak Drive67m
  • Country Grocer · 4420 West Saanich Road732m

Parks (5+)

  • Falaise Park415m
  • Unnamed542m
  • Normandy Park588m
  • Chatterton Hill Park670m
  • Shadywood Park682m

Gyms (2)

  • Powerwest Athletics632m
  • Canada's Best Karate707m

Pharmacies (2)

  • Pharmasave89m
  • Shoppers Drug Mart · 4400 West Saanich Road687m

Banks & ATMs (5+)

  • Coast Capital Savings · 777 Royal Oak Drive35m
  • CIBC104m
  • RBC250m
  • TD Canada Trust · 811 Royal Oak Drive315m
  • Edward Jones Investments445m

Healthcare (1)

  • Dr. G. M. Chew · 4442 West Saanich Road698m

Nearby places data: © OpenStreetMap contributors.

Directions ↗

Frequently asked questions

What is the asking price for this restaurant?

The asking price is $40,000.

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 15, 2026.