4500 West Saanich Rd

4500 West Saanich Rd · Saanich, Royal Oak · Commercial Mix · $4,150,000 · MLS 1041239

Saanich, British Columbia · Neighbourhood: Royal Oak
C$4,150,000
For sale
4500 West Saanich Rd

4500 West Saanich Rd is located in Saanich (Royal Oak). Property snapshot: Commercial Mix, listed at $4,150,000, MLS 1041239. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 2. Catchment schools include Lochside Elementary

List Price: $4,150,000
MLS: 1041239
Days on Site: 2
Catchment Schools: Catchment schools include Lochside Elementary, Royal Oak Middle, Claremont Secondary
Price History: Latest recorded list price 4150000.00

Local Decision Guide

How should buyers evaluate 4500 West Saanich Rd?

Start by reading this listing in its Saanich Royal Oak context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 4500 West Saanich Rd?

This page shows a list price of $4,150,000 with MLS 1041239.

What type of home is this Saanich, Royal Oak listing?

The page shows Commercial Mix at 4500 West Saanich Rd. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 2 days on market/site. Latest recorded list price 4150000.00.

Which catchment schools are associated with 4500 West Saanich Rd?

Catchment schools include Lochside Elementary, Royal Oak Middle, Claremont Secondary. Catchment boundaries can change, so buyers should verify with the school district or their realtor before writing an offer.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

This is an exceptional opportunity to acquire a strategically located 17,425 sq. ft. commercial property in the heart of the rapidly evolving Royal Oak growth corridor. Now offered at a reduced price with increased rental income, the property provides investors and developers with stable in-place cash flow and meaningful long-term redevelopment potential. The site benefits from dual road access, with more than 100 feet of frontage along West Saanich Road and approximately 60 feet along Viewmont Avenue. Situated immediately adjacent to Royal Oak Shopping Mall, the property offers excellent visibility, connectivity, and immediate access to major retail and service amenities. The existing fully leased building comprises seven commercial units totalling over 7,600 sq. ft. of leasable area. Supported by a long history of stable tenancy, it provides dependable holding income while future redevelopment plans are contemplated. Zoned C-3, preliminary discussions with the municipality have indicated potential density in excess of 3.5 FSR. Royal Oak is undergoing a significant transformation, with nearby city-owned lands rezoned to accommodate buildings up to 12 storeys and additional projects advancing through various stages of planning and approval. With strong frontage, reliable income, and substantial future density upside, this is a compelling opportunity to secure a strategic site in one of Greater Victoria’s most active redevelopment nodes. (id:56153)

Property Details

Commercial Mix
Building Type
-
Bedrooms
-
Bathrooms

Transaction: For sale

Status: active

Listing ID: 29940504 (1041239)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$4,150,000

Days on Site: 2 days

Added to BurnabyHouse: 2026-06-23

Updated on: 2026-06-23 07:00 AM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

Lochside Elementary ELEMENTARY
Public · School District 63
Saanich Peninsula, BC
Straight-line distance about 2.2 km
Royal Oak Middle MIDDLE
Public · School District 63
Saanich Peninsula, BC
Straight-line distance about 234.1 m
Claremont Secondary SECONDARY
Public · School District 63
Saanich Peninsula, BC
Straight-line distance about 2.6 km

Nearby Points of Interest

Grocery / Food Access
Country Grocer
About 216.7 m away
4420 West Saanich Road
Thrifty Foods
About 566 m away
777 Royal Oak Drive
Shopping Centres
Royal Oak Shopping Centre
About 172.8 m away
Tri-Eagle Plaza
About 442.9 m away

Price History

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View price changes, listing events, and the full timeline.

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Last Updated: Tue, 23 Jun 2026 06:27:25 AM PDT

Data Provider: Greater Vancouver REALTORS®

Listing Office: Pemberton Holmes Ltd.

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