My Office Listings

4500 West Saanich Rd
SW Royal Oak Saanich V8Z 5L3

$4,150,000
Commercial Sale

Main Photo: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
Photo 1: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
Photo 2: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
Photo 3: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
Photo 4: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
Photo 5: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
Photo 6: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
Photo 7: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
Photo 8: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
Photo 9: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1041239
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.
Building Features:
Parking
Total Building Area:
7,648 sq. ft.
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
  • Photo 1: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
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  • Photo 2: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
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  • Photo 3: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
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  • Photo 4: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
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  • Photo 5: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
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  • Photo 6: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
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  • Photo 7: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
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  • Photo 8: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
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  • Photo 9: 4500 West Saanich Rd in Saanich: SW Royal Oak Mixed Use for sale (Saanich West)  : MLS®# 1041239
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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
Drew Kernovich
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.