Retail for Sale — Royal Oak, Saanich, BC
$3,950,000
4500 West Saanich Rd, Saanich, BC V8Z5L3
Property details
Structured details
- Ownership
- Freehold
- Annual property tax
- $49,038
- Lot dimensions
- 17425
- Structure type
- Retail
- Parking
- 31 spaces
Listing Information
- MLS®
- 1049788
- Listed
- September 15, 2026
- Time on market
- 0 days
- Data last synced
- September 15, 2026
- Source
- CREA DDF®
Description
This 17,425 sq. ft. commercial property presents a rare opportunity to acquire a strategic income-producing site in the rapidly evolving Royal Oak growth corridor. Now offered at a reduced price, the property provides dependable holding income alongside significant long-term redevelopment potential. The fully leased building contains 7 commercial units totalling more than 7,600 sq. ft. of leasable area, supported by a long history of stable tenancy. The site benefits from dual road access, with over 100 ft of frontage on W.Saanich Road and approximately 60 ft on Viewmont Avenue, immediately adjacent to Royal Oak Shopping Centre. Currently zoned C-3, preliminary discussions with the municipality suggest the potential for density exceeding 3.5 FSR. Nearby municipally owned lands have been rezoned to permit buildings of up to 12 storeys, with additional development activity progressing throughout the area. A strong income-producing asset today with meaningful future redevelopment upside. (id:63159)
Financing calculator
Estimate your monthly payment on the $3,950,000 asking price.
Financing details
- Monthly debt service
- $38,340
- Cash required at close
- $815,000
- 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
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- Floyd's Diner · 4496 West Saanich Road42m
- Fireside Grill · 4509 West Saanich Road120m
- Med Grill Restaurant · 4512 West Saanich Road125m
- The Village169m
- Q Pizza · 4517 West Saanich Road176m
Cafes (3)
- Tim Hortons276m
- Artisan Bistro576m
- Starbucks · 777 Royal Oak Drive653m
Grocery (2)
- Country Grocer · 4420 West Saanich Road223m
- Thrifty Foods · 777 Royal Oak Drive561m
Parks (5+)
- Unnamed330m
- Chatterton Hill Park401m
- Strom Ness Park483m
- Brydon Park572m
- Normandy Park712m
Gyms (2)
- Powerwest Athletics119m
- Canada's Best Karate247m
Pharmacies (2)
- Shoppers Drug Mart · 4400 West Saanich Road242m
- Pharmasave528m
Banks & ATMs (5+)
- Edward Jones Investments187m
- BMO · 4470 West Saanich Road194m
- Coast Capital Savings · 777 Royal Oak Drive493m
- CIBC626m
- RBC735m
Healthcare (1)
- Dr. G. M. Chew · 4442 West Saanich Road239m
Nearby places data: © OpenStreetMap contributors.
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All in Saanich →Frequently asked questions
What is the asking price for this business?
The asking price is $3,950,000.
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.