My Office Listings
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1041239
- Photos (9)
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This 17,425 sq. ft. commercial property offers a rare opportunity to secure a strategic site in the rapidly evolving Royal Oak growth corridor. Now offered at a reduced price with increased rental income, the property provides dependable holding income with significant long-term redevelopment potential.The site features dual road access, with over 100 feet of frontage along West Saanich Road and approximately 60 feet along Viewmont Avenue, immediately adjacent to Royal Oak Shopping Mall. The existing fully leased building comprises seven commercial units and over 7,600 sq. ft. of leasable area, supported by a long history of stable tenancy. Zoned C-3, preliminary discussions with the municipality indicate potential density in excess of 3.5 FSR. Nearby city-owned lands have been rezoned for buildings up to 12 storeys, with additional developments progressing through the area. A strong income-producing asset today with meaningful future density upside.
- Property Type:
- Commercial Sale
- Type:
- Mixed Use
- Commercial Type:
- Building
- Lease Type:
- Sale Price
- Listing General Location:
- SW Royal Oak, Saanich West
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 17,425 sq. ft.1,619 m2
- Building Features:
- Parking
- Total Building Area:
- 7,648 sq. ft.711 m2
- Fireplace:
- No
- Main Level
- 0
- Yes
- No
- Unrestricted
- Jurisdiction name:
- District of Saanich (SD61)
- Parking Features:
- On Site
- Total Parking Spaces:
- 31
- Date Listed:
- Jun 23, 2026
- Original Price:
- 4150000.0
Larger map options:
Listed by Pemberton Holmes Ltd.
Data was last updated June 24, 2026 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 16
- Avg list price:
- $1,324,500
- Min list price:
- $55,000
- Max list price:
- $6,000,000
- Avg days on market:
- 133
- Min days on market:
- 1
- Max days on market:
- 341
These statistics are generated based on the current listing's property type
and located in
Saanich West. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- Naomi Larkins
- Pemberton Holmes Ltd
- 250-686-6462
- Info@HomesByNaomi.com
- Drew Kernovich
- Pemberton Holmes Ltd.
- 778-977-0850
- Contact by Email
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board.
The information is from sources deemed reliable, but should not be relied upon without independent verification.




